Quitting could have been different reasons but there is a serious dearth of women on top leadership positions. There has been no substantial growth in women acquiring top positions in Fortune 500 companies. Rather in June 2017, there were 32 of them having CEO position in Fortune 5000 companies. Unfortunately by the end of 2017 that count is 26. Because 6 Woman CEO are quitting their jobs this year. In fact, these jobs are not going to women. Rather men will be acquiring these positions thus shrinking the count of women acquiring CEO position further. On one had the whole world is taking gender equality seriously. In fact, many global enterprises have this goal on their top agenda. But what is actually happening is not aligning well with it. Is it merely a fake call? Or otherwise what could be the possible reasons for not finding women on top?
If we look at Women CEO, it is an iota of the total strength, i.e. just 5% in S&P 500 companies. A global research company Catalyst says hardly 21% of women are there in boardroom at S&P 500 comapnies. Even those 21% are far below in terms of salary and perks in comparison to their male counterparts. Although the number of Women shifting to top leadership positions is increasing but at a very marginal pace. That makes it quite insignificant. Let us see 6 woman CEO surrendering their position during 2017. The top name that comes to my mind in that regard is Marissa Mayer, CEO, Yahoo. All the five years that Marissa had in this position were full of controversies. After Verizon buying Yahoo and merging it with AOL thereby creating OATH, Marissa had to bid adieu to Yahoo. Though with a hefty exit package of $250 million.
Woman CEO ratio is marginal in comparison to men
Tim Armstrong of AOL taking charge of Oath as its new CEO says by the year 2020 he wants to fill at least half of Oath’s top management positions with women. The second woman CEO is Meg Whitman quitting Hewlett Packard Enterpise (HPE) in November after having a successful tenrure of six years there. While in February she expresses to have a long journey with HPE, it is in November that HPE declares her departure from the organization. Third name in this context is of Irene Rosenfeld, CEO, Kraft and later CEO, Mondelez. Fourth name is Ilene Gordon, CEO, Ingredion. Fifth woman CEO to part away this year in June is Kim Lubel, CEO, CST Brands. And finally, it is Sheri McCoy, CEO, Avon leaving the organization after five years of her tenure here as CEO. Avon is yet to find her replacement since her exit in August.