Good morning, Broadsheet readers! Today's guest essay comes from Fortune senior writer Phil Wahba, who explains how Signet's CEO proved the value of women through her turnaround plan. Plus: Germany's defense minister resigns and a Scottish bill about gender prompts a parliamentary face-off in the U.K. Have a lovely Tuesday.
- The key to a turnaround. When Gina Drosos grabbed the reins of Signet Jewelers in 2017, the parent company of Kay, Jared, and Zales and America’s largest jeweler by far, she took over a company with a broken culture that was reportedly hostile to women employees.
Signet had made national headlines earlier that year after an exposé in the Washington Post found rampant alleged sexual harassment and discrimination against women at a company in which men dominated management. (Last year, the company finally spent $175 million to settle a class action suit by 68,000 current and former female employees alleging discrimination in hiring and compensation practices without admitting fault.) The company, long a growth story, had also gone into an accelerating decline as Drosos assumed the CEO role.
