The 2018's S&P 500 list, published by the Dow Jones Stock Exchange, brought the names of CEOs of the top 500 companies worldwide. Of all of them, it is surprising to see that only 26 (less than 6%) have female names in charge of the organization.
Take a look at the Women in 2018's S&P 500 Companies list.
- Mary T. Barra, General Motors Company (GM)
- Corie Barry, Best Buy
- Gail Boudreaux, Anthem, Inc.
- Heather Bresch, Mylan N.V.
- Michele Buck, Hershey Company
- Debra A. Cafaro, Ventas, Inc.
- Safra A. Catz, Oracle Corporation (co-CEO)
- Mary Dillon, Ulta Beauty, Inc.
- Adena Friedman, Nasdaq, Inc.
- Michelle Gass, Kohl’s Corporation
- Lynn J. Good, Duke Energy Corporation
- Tricia Griffith, The Progressive Corporation
- Marillyn A. Hewson, Lockheed Martin Corporation
- Vicki Hollub, Occidental Petroleum Corporation
- Margaret Keane, Synchrony Financial
- Melisa Miller, Alliance Data Systems
- Beth E. Mooney, KeyBank
- Phebe N. Novakovic, General Dynamics Corporation
- Patricia K. Poppe, CMS Energy Corporation
- Barbara Rentler, Ross Stores, Inc.
- Virginia M. Rometty, International Business Machines (IBM) Corporation
- Lori J. Ryerkerk, Celanese Corporation
- Susan N. Story, American Water Works Company, Inc.
- Lisa Su, Advanced Micro Devices, Inc.
- Julie Sweet, Accenture
- Jayshree Ullal, Arista Networks, Inc.
- Kathy Warden, Northrop Grumman Corporation
Despite the few names, is still a reason to celebrate, however, we can't stop for now. So today's post is a reminder for the importance of these and much more powerful women in our society.
Facing The Prejudice
The biggest challenge faced by women in the corporate environment is, unfortunately, still prejudice. We are living in the twentieth-first century, but there are still people who believe that women do not have the same competence to lead as men.
Some say they are too kind and therefore cannot be respected by their subordinates. In other cases, when they have stronger behavior, they are labeled "hysterical." Both are absolutely limited and misrepresented views of the female social role.
Talking about Numbers
What the charts of companies that have women in the highest command positions reveal is that they are at least as competent as men. Let them say General Motors, led by Mary T. Barra, Adda Friedman's Nasdaq, and Indra K. Nooyi's PepsiCo, to name but a few.
A study led by researchers at the Peterson Institute and Georgetown University, both from the United States, found that the presence of women in corporate leadership can improve the organization's performance, generating more profit and making them stand out from the competition.
The Importance of leaders
The presence of women in higher positions in business and even politics brings a number of advantages. In addition to stimulating the economy, giving this portion of the population higher purchasing and decision-making authority, there is still reason to believe that women make very valuable contributions to the companies' own performance, as the research mentioned above shows.
Another important factor is the different point of view. The overwhelming majority of companies today have men as the basis for their product development. Having a woman's vision and opinion ahead of business creates real business opportunities because it serves a neglected portion of the market.
Finally, there is still the issue of visibility. The issue of female representativeness in prominent positions has been increasingly discussed, and this makes them open even more, motivating other women to occupy these hierarchically superior jobs.
Therefore, the trend is for female leadership to grow gradually over the next few years until we finally achieve equality with men in terms of numbers.
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