The first-ever female CEO of a Fortune 500 company was Katharine Graham. She became the Washington Post parent’s CEO in 1972, breaking a new barrier, and was often the only woman in the newsroom. Other females rose to prominence in the 70s and 80s. Of note were Marion Sandler of Golden West Financial and Linda Wachner of Warnaco Group Inc.
In 1980, no women had reached the top executive ranks of the Fortune 100. Eleven percent of those corporate leaders were women by 2001. The number of businesses with female CEOs has increased more than six-fold.
Since 1980, American firms have created almost 4.5 million management positions. Women occupy 2.6 million of these positions. Unfortunately, the gender wage gap has kept step with these australia number for whatsapp statistics. Women’s increasing representation in management is in “feminized” fields. The gender wage gaps are the most extreme in those fields. But the lowest gaps are in occupations with the lowest proportions of women. For example, engineering and architecture have small wage gaps.
Gender-Based Barriers to Senior Management
Most Americans find women as innovative and intelligent as men. Yet, very few women reach the top executive level. Why are so few women making it to the C-suite? Females who want to ascend to the highest levels in business also face a double standard. They have to eclipse males if they’re going to prove themselves.