The researchers found that when male executives have families, they stop paying employees as much. It's a subconscious decision that helps them hoard more for themselves to better provide for their families. However if they father a daughter rather than a son, then employee salaries take no hit.
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Wharton professor Adam Grant wrote about the studies in The New York Times and used
While Bill Gates is now well known for his generosity and philanthropy, there was a time when he wasn't as inclined to share his wealth. That all changed when he had a daughter.
Twenty years ago, when Bill Gates was on his way to becoming the world’s richest man, he rejected advice to set up a charitable foundation. He planned to wait a quarter-century before he started giving his money away, but changed his mind the following year. Just three years later, Mr. Gates ranked third on Fortune’s list of the most generous philanthropists in America. In between, he welcomed his first child: a daughter.
Gates has acknowledged the influence his wife and mother have had on him over the years. Just before marrying Melinda, Gates' mother wrote to the couple: “From those to whom much is given, much is expected.” It resonated and Gates later cited his mother's encouragement to give in a Harvard commencement speech.
And if anyone knows the power of a woman's presence, it's