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Thursday, March 30, 2023

Still An Uphill Battle for Women CEOs

Still An Uphill Battle for Women CEOs

Investing.com – The #MeToo and #TimesUp movements didn’t make much of a difference in the C-Suite last year.
The percentage of women who became CEOs in 2017 was virtually changed, according to a new report.
Women represented 18.4% of the 993 replacement CEOS named last year, according to the outplacement firm Challenger, Gray & Christmas. The rate was 18.5% in 2016.
In particular, 11 male CEOS left their firms because of sexual misconduct allegations in 2017. Of the seven replaced, four were women.
The legal industry fared best, with 50% of the new CEOs named women.
Getting to the corner office is even harder when it comes to the largest companies.
Just 5% of companies currently have women CEOS. Included in that group, however, are some of the biggest U.S. companies — PepsiCo (NASDAQ:), General Motors (NYSE:) and Proctor & Gamble (PG).
The number of women leading Fortune 500 companies is slightly higher at 6.4%.

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Source: Investing.com

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