One new finding is that, in early first-quarter reporting by public companies of executive compensation, female CEOs actually were being compensated at average levels far higher than their male counterparts.
At the end of April, 21 of 22 current female CEOs in the Standard & Poor’s 500 had reported their latest compensation, and they were paid an average of $18.8 million during their latest fiscal years, according to an analysis by USA Today. That far exceeded the average $12.7 million paid to the 455 current male CEOs in the S&P 500 that had reported for the same time period, the newspaper found.
“Women have a long way to go to match or even rival men in the CEO office in terms of numbers, but they’ve made strong strides in size of pay,” the publication said. “It’s been a great year financially for CEOs. And that’s especially true for the females who have risen to the top of the corporate ladder.”
However, the bounty being enjoyed by the largest-company female CEOs may have a dark flip side, another study found: It “may signal that there is no room for any others,” as the Wall Street Journal put it.
A woman’s chances of landing one of a company’s five highest-paid executive jobs drops 51 percent if there’s already a woman on the team, according to research by the business schools at the University of Maryland and Columbia University. The hypothesis is that companies may have implicit quotas in place on moving females to the C-suite, driven by unconscious biases.
“It might very well be the case that male top managers just want to check a box; there is no more effort, no more mentoring,” Cristian Denzo, an associate professor at Maryland, told the Journal. “They are one and done.”
These findings underscore the fact that, while women ascending to the top of the corporate pyramid has become commonplace, the trend is creating some new eddies in the continued evolution of American corporate governance.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
0
1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
