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

7/29/2014 Extensive Female Genital Mutilation Study To Be Conducted in the US - The Obama administration plans to conduct a large study on female genital mutilation (FGM) to try to assess how many girls and women in the US are at risk, and how many have already experienced, FGM. According to experts, FGM tends to take place during summer break when parents take their daughter outside of the country for the practice. Jaha Dukureh, a 24-year-old woman who grew up in Gambia, experienced FGM there, and then child marriage in the US, started a petition that gained more than 220,000 supporters. . . .
 
7/29/2014 Three Anti-Abortion Extremists Sentenced In Mississippi - Last night, three of four anti-abortion extremists were found guilty by a Jackson, Miss. . . .
 
7/29/2014 Women Just Won Big In Mississippi - Feminist Majority Foundation leaders are elated by the Fifth Circuit Court of Appeals decision upholding a preliminary injunction against a Mississippi TRAP (Targeted Regulation of Abortion Provider) law that would have closed the only abortion clinic in the state. . . .