Ms. magazine  -- more than a magazine a movement

SIGN UP FOR MS. DIGEST, JOBS, NEWS AND ALERTS

FEMINIST WIRE NEWSBRIEFS

ABOUT
SEE CURRENT ISSUE
SHOP MS. STORE
MS. IN THE CLASSROOM
FEMINIST DAILY WIRE
FEMINIST RESOURCES
PRESS
JOBS AT MS.
READ BACK ISSUES
CONTACT
RSS (XML)
 
feminist wire | daily newsbriefs

November-12-99

Women Make Progress in Fortune 500 Companies


A census prepared by Catalyst, a women's research group, found that 3.3 percent of companies' top earners are women, a slight gain from 2.7 percent last year and 1.2 percent in 1995. Earnings are based on salary, stock options, and bonuses. Catalyst President Sheila Wellington said of the gains "The numbers are small, but along every dimension...they're moving in the right direction, and that's important."

Women still face real obstacles when seeking top corporate jobs. The problem is that women do not hold what are called line officer positions, which consist of such positions as factory management and supervision sales staff as well as accounting. Senior management is usually promoted from these kinds of positions, of which men currently hold 93.2 percent and women just 6.8 percent. "It's a kind of glass wall" commented Wellington.

Only four Fortune 500 companies have women CEOs including Jill Barad of Mattel, Inc., Marion Sandler of Golden West Financial Corp., Carleton Fiorina of Hewlett Packard Co. and Andrea Jung of Avon Products Inc. The numbers of women in top corporate positions are rising as women such as these succeed in senior-level jobs and as more young women graduate from programs such as accounting and business management.

Media Resources: The Associated Press - November 12, 1999


© Feminist Majority Foundation, publisher of Ms. magazine

If you liked this story, consider making a tax-deductible donation to support Ms. magazine.

 

 

Send to a Friend
Their
Your
Comments
(optional)


More Feminist News

10/22/2014 Students Protest Fordham University's Anti-Birth Control Policy - Students at Fordham University are engaged in a battle against the New York City Catholic school's anti-birth control policy. Students for Sex & Gender Equality and Safety (SAGES) has launched a petition drive, calling on Fordham to provide free and confidential access to birth control and STI testing on-campus, free condoms, professional gynecological services at the university, and resources for pregnant women, among other things. . . .
 
10/22/2014 Doctors Warn That Measure 1 Would End In Vitro Fertilization in North Dakota - Doctors at North Dakota's only clinic offering in vitro fertilization (IVF) are speaking out to warn voters that Measure 1, a proposed personhood amendment in the state, would make the practice illegal. Dr. . . .
 
10/21/2014 Afghanistan's New First Lady Advances Women's Issues - Just a few days after moving to the presidential palace, Afghanistan's new First Lady Rula Ghani said that she hopes to encourage greater respect for women. Rula Ghani already broke tradition by participating in her husband, Ashraf Ghani Ahmadzai's, campaign for President. . . .