Sodexo North America
In 1972 Katharine Graham became America’s first female Fortune 500 CEO, leading The Washington Post Company, the fifth largest publishing company at the time, and under her leadership profits grew 20 percent annually from 1975 to 1985. She also became a role model and mentor for many women leaders in male-dominated fields and spoke openly about the issues they faced.
Last year the US hit a milestone with a record 27 female CEOs at the helm of S&P 500 companies. And while there has been progress since 1972, it has not been enough, especially when women are projected to account for 51 percent of the increase in total labor force growth between 2008 and 2018. (more…)
Today is Women’s Equality Day, and it’s the perfect time to both celebrate women’s achievements and bring attention to the inequalities still lingering in the workplace.
It’s been more than half a century since Congress passed the Equal Pay Act, but even today American women across the workforce can find themselves hitting the glass ceiling. Women make up nearly half of the workforce, but they’re paid only 79 cents for every dollar a man makes. Women are also under-represented in upper-level positions. In fact, only 4.6 percent of Fortune 500 and S&P 500 companies are run by women. (more…)
Global Chief Diversity Officer
Today, only 26 women lead Fortune 500 companies and just 17 percent of all board members are women. Compound this with the fact that a mere 28 percent of those firms have only one female director. And there has been minimal improvement in the gender wage gap, with men still earning 22 percent more than women in equivalent positions.
Some people believe leadership is about genetics – you are born a leader. In rare cases, I’ve encountered people who have a natural talent and ability to lead others. However, the vast majority of successful leaders are made. Like me, they grow into their positions of authority through life experiences, lessons learned, personal development and a desire to always achieve more.