Good morning, Broadsheet readers! Women are gaining board seats but still missing out on C-suite roles, Penguin Random House lets two of their most prominent female publishers go, and this founder solved her biggest challenges in fintech by buying her own bank. Have a wonderful Wednesday.
- Bank on it. Jackie Reses bought a bank. That news surprises many people who hear it—but not those who know Reses's story.
Reses was an exec at Square (now Block), where she led the fintech company's banking and lending products. While at Square, she ran into "extreme pain and frustration in working with bank partners," she told Michal Lev-Ram on a recent episode of Fortune’s podcast Leadership Next. Fintech startups' credit cards, debit cards, and other financial services all rely on underlying banking partners. Often, those traditional financial institutions operate very differently from Silicon Valley startups.
