Who runs corporate America? Men do.
Women are outnumbered 5 to 1 in senior leadership, according to a USA TODAY analysis of named executive officers at the nation's 100 top publicly traded companies. These corporate leaders are the CEO, the chief financial officer and other people who serve in a handful of top-paid roles.
Men are 83% of the 533 named executive officers in S&P 100 corporations, USA TODAY found.
Women today are more visible in corporate America, breaking into executive suites and boardrooms. But, despite efforts to shrink the gender gap, from removing structural barriers to promoting more women, women are still far less likely than men to hold the top positions or bring home the top compensation. That’s even more common for women of color. They are outnumbered by men 26 to 1 in the S&P leadership ranks, a gap five times wider than the disparity for white women.
“We need diversity across the board but, unfortunately in America, we still live in a patriarchal society, an old boys’ club of mainly white, heterosexual men running companies and designing and dictating our society and our culture,” said Jennifer Siebel Newsom, a documentary filmmaker who is married to California Gov. Gavin Newsom and is co-founder of the California Partners Project, a nonprofit that advocates for women on corporate boards. Women still face unequal treatment inside nation’s largest companies
Disadvantages for women in the workplace – too few advancement opportunities, too little flexibility, unequal treatment – have existed for years and only become worse during the COVID pandemic.
Sandra Rivera says she was passed over for promotion for 10 years at Intel because she didn’t want to uproot her family and relocate to the company’s headquarters on the West Coast.
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