Serena Williams Accepts New Challenge - in Silicon Valley - NBC Chicago

Serena Williams Accepts New Challenge - in Silicon Valley

    processing...

    NEWSLETTERS

    Venus and Serena Williams returned to Compton for the first time since their half-sister was killed in the city in 2003. Marin Austin reports for the NBC4 News at 6 on Saturday, Nov. 12, 2016.

    (Published Saturday, Nov. 12, 2016)

    Tennis star Serena Williams has 39 Grand Slam titles, four Olympic medals, major endorsement deals and her own line of clothing and accessories. Now she is embarking on a new mission: She says she wants to help tech companies diversify their workforces and solve one of the industry's most vexing problems.

    Williams, 35, will get her chance as she joins a Silicon Valley boardroom. Online poll-taking service SurveyMonkey announced Williams' appointment to its board on Wednesday, along with Intuit CEO Brad Smith.

    "I feel like diversity is something I speak to," Williams said in an interview with The Associated Press. "Change is always happening; change is always building. What is important to me is to be at the forefront of the change and to make it easier for the next person that comes behind me."

    Williams didn't offer specifics about her goals as a corporate director. She implied that her very presence can help push the company — and, by extension, the industry as a whole — in a more diverse direction.

    Olympians' Favorite Halloween Candy

    [NATL] Olympians' Favorite Halloween Candy

    With Halloween a week away, members of Team USA talk about their favorite Halloween candy - and the worst things to get when trick-or-treating.

    (Published Monday, Oct. 23, 2017)

    Individual board members don't usually exert great influence over the companies they oversee, although they are often compensated handsomely in cash and stock for their part-time work. SurveyMonkey, a private company, didn't say how much Williams will be compensated.

    VALLEY DIVERSITY

    Silicon Valley's lack of diversity has become a recurring source of embarrassment in a region that has long sought to position itself as an egalitarian place that doesn't favor one gender, ethnicity or race over another. Yet that philosophy hasn't been reflected in high-tech workforces , despite the efforts of companies such as Google, Apple and Facebook to fix the problem.

    Williams has been hanging around Silicon Valley more frequently now that she is engaged to high-tech entrepreneur, Alexis Ohanian, the co-founder of the online forum Reddit. Like many other African-Americans, she says she's disappointed that the vast majority of high-paying technology jobs are filled by white and Asian men.

    At SurveyMonkey, which employs about 650 workers, only 27 percent of technology jobs are filled by women. Just 14 percent of its total payroll consists of African-Americans, Latinos or people identifying themselves with at least two races, according to numbers the company provided to the AP.

    WHAT SHE CAN DO

    Williams' appointment is part of the solution, according to SurveyMonkey CEO Zander Lurie. "My focus is to bring in change agents around the table who can open our eyes," he said.

    Diversity advocates say women and minorities add value to corporate boards — as well as companies' executive ranks — by offering new perspectives and advocating for a broader range of a company's stakeholders, whether that's customers, shareholders or employees.

    In a report on France's quota requirements for corporate boards, the business research group Conference Board found that the real value of adding women came from the fact that they were more likely to be outsiders. They were more likely to be foreigners, have expertise in more diverse business issues than men and more likely to have risen through the ranks outside traditional networks, such as elite universities. This, in itself, can "substantively" improve the collective decision-making of a board, according to the report.

    STEPPING STONE

    Racism is something Williams confronted and overcame at an early age when she began playing a predominantly white sport. She grew up to become the top-ranked female tennis player in the world.

    Diversifying Silicon Valley isn't the only item on Williams' agenda. Like a lot of rich athletes, she is interested in becoming more involved in the business opportunities amid the high-tech boom in Silicon Valley. She says she is already exploring other opportunities in the area, but isn't ready to provide details yet.

    Paddington Bear Dances with the Duchess of Cambridge

    [NATL] Paddington Bear Dances with the Duchess of Cambridge

    Paddington Bear shared a dance with the Duchess of Cambridge, the former Kate Middleton, at a charity event the Royals were hosting at the famous Paddington Station, where the iconic children's book character got his name.

    (Published Tuesday, Oct. 17, 2017)

    Her connection to SurveyMonkey came through her friendship with Sheryl Sandberg, Facebook's chief operating officer and another member of SurveyMonkey's board. Sandberg's husband, Dave Goldberg, was SurveyMonkey's CEO before he died in 2015 while the couple was vacationing in Mexico.

    "I have been really interested in getting involved in Silicon Valley for years, so I have been kind of in the wading waters," Williams said. "Now, I am jumping into the deep end of the pool. When I do something, I go all out."