Sign in to wowOwow

Enter the email address that you used when registering at wowOwow.
The password field is case sensitive. Click here if you have forgotten your password.

Please register for wowOwow

Newsletter subscriptions
Sign up to receive wowOwow's weekly newsletter and get our best picks delivered right to your inbox. Our newsletter content is hand-picked by the wowOwow editorial team and provides the top features, news, and commentary from our site. Subscribing to our newsletter is free and safe. We will never share your email or other information with a third-party without your direct consent.
By registering, you indicate that you have read and agree
with our privacy policy and terms of service.

Women in Corporate America | 07/28/2009 10:05 am

We Need More Women in Corporate America! But How Do We Get There?

Women make up half the workforce these days, so why aren’t more sitting on the boards of Fortune 500 companies?
By The Staff at wowOwow.com
© Shutterstock

An article on Examiner.com today, entitled "Where are all the female leaders?" inevitably caught our eye.

The post laments how there are so few women in high-profile positions in America’s corporate world, adding that it is "a shame – corporate America is missing out on some very bright, innovative minds. See if you can get a dialogue going about this in your company."

We thought that was an interesting point and wanted to follow up on some numbers the author included. It turns out that he’s right; according to the Bureau of Labor, men and women are fairly equally represented in management and professional roles in the United States. But Catalyst has taken a closer look and found that in 2008, even though women made up almost half the labor force, only 15.2 percent of Fortune 500 board seats were held by women, and they had only 15.7 percent of Fortune 500 corporate office positions that year. There are more stats that show women need to make more strides in this area, despite the fact that we just last year came so close to having a female president, Hillary Clinton.

Ellen Kullman replaced Chad Holliday at DuPont in January of this year, which brought the number of female CEOs running the USA’s largest 500 publicly traded companies to only 13 — a record, believe it or not. And there’s still a wage gap. Women’s earnings remain stalled at around 80 percent of men’s as of 2008. ForbesWoman says the top-paying jobs for women are pharmacists, physicians, surgeons, computer scientists and systems analysts. About 3.5 million women are in the highest pay bracket, making a minimum of $1,500 per week, compared with almost ten million men.

So, wOw readers, what can we do to encourage corporate America to promote more women? What will it take for them to realize our brains and creativity can do wonders for their bottom lines?!

28 Reader Comments (so far…) Sign In or Register to comment

Rachel M
I have had good and bad experiences working for female supervisor. I had one that was so good that she helped me as I was just starting to get bipolar and had no idea that I was getting it till a few years after I was laid off. She is the only work contact that I had afterwards of no longer working with her. I appreciate her standing up for me with her management when they wanted to get rid of me. She came in from another center in FL and I worked in CA. I have also worked with male bosses and about half had no business being in a supervisor capacity. I have also found that having a college eduction does not make a good supervisor.
By Rachel M on 07/28/2009 3:04 pm
Bobbie R.

It’s hard to get acknowledgement for women who make a difference as I have been finding out this week.  I have been trying to get local papers and the veterans association to recognize a woman who thirty years ago made history during the Nicaraguan conflict.

I have newspaper articles from 30 years ago as well as documentation. She’s accomplished in  the FAA not to mention a cancer survivor.

Washington DC even made a point of listing the event.  We should be chasing her for this story instead I’m begging for a small amount of acknowledgement.

Thank you Bobbie

By Bobbie R. on 07/28/2009 6:43 pm
Julie Morgenstern

I am often brought in to speak to Women’s Groups and Iniatitives within large corporations to  address a huge concern/obstacle for women considering reaching for executive ranks:  time management and balance.

Women are simply afraid that the kind of balance they are accustomed to and desire is simply not possible at those ranks.  Their primary role models in those leadership roles are men—who still classically sacrifice tremendous amounts of time with their families in the service of their jobs.  They travel extensively, work very long hours, and relegate the running of the house and planning of childrearing/social organizing/leisure planning to their wives/partners.

Women are (by and large) not willing to make that sacrifice. Aside from the obligation of "traditional roles", women tend to thrive more on a balance between work and family…and cannot imagine how to maintain that balance in high executive roles. 

It can be done, if Women change the game….and there are time management strategies galore to boost your productivity at work so you feel better drawing the line at the end of the day. But iif the company culture has been set without balance, women are afraid to take the risk.

The good news is that I’ve notived a trend among male executives over the past few years—a pushing back on boundary-less work hours, and increasing value placed on time off for personal pursuits and family. 

As the male leaders of organizations shift their value system, it makes it easier for women coming up into the executive ranks to picture this as a safe territory—and, the game will be changed for all.  It becomes less of a gender issue, and more of an issue of a new coproate culture everyone benefits from.

By Julie Morgenstern on 07/29/2009 12:31 am
Chrome Toe

obviously men are still the primary decision makers when it comes to choosing who takes those positions. and like it or not… men (especially in that age group) do NOT see women as being as capable of running things as they think men are. it’s pretty simple really. My best friend is a very close childhood friend of a fortune 500 CEO. When it came time to replace one of his top people he interviewed as finalists 3 men and a woman. if i remember right his board was also somehow involved. my friend said the comments he made about the men after thier interviews were all job related. but his main comment about the woman was that she was unattractive. something to that affect. I also sit and listen to my husband and his friends talk about women in the military, women pilots, etc.. i listened to how they talked during the campaign when hillary was a contender. the language they use is language that puts women a rung down. they don’t even know it. but they do it. and they don’t even see their own bias. it’s the age old story…. women won’t be well represented in those positons until more women are making the decisions as to WHO goes in those positions. kind of a crummy cycle.

By Chrome Toe on 07/29/2009 10:17 am
Nancy Dickinson

I think there are a number of good points made in this discussion.

We do have a legacy of male privilege and stereotypes about men and women to contend with.  

I highly recommend the book "The Gender Knot" by Allan Johnson for a clear-headed analysis of how this situation arises.

By Nancy Dickinson on 07/29/2009 10:31 am
Didi Lorillard

The best way to get more women in corporate America is to support them in ways that will allow them to continue in their roles as good wife and mother.  My eldest daughter says that she and her women friends feel that they can’t do it all.  Her friends complain that husbands sulk when they’re asked to pitch in and do "women’s work."  That they don’t understand that when she’s worked until eleven the night before and was in the office at 6:30 the next morning, she doesn’t want to go out for dinner and a movie when she gets home.  She wants to stay home, order in, and get cozy.

Young women in corporate America feel that they have to work harder than men because they are being scrutinized more closely.  The old boy network is still just about the boys. 

There is still a double standard.  The wife is still expected to take care of the house and arrange the social life, even while working a twelve hour day.  These young women need support from their parents, their husband’s parents, and from their bosses, because husband’s still don’t get it.  Until husbands take over more of the household responsibilities along with other roles, such as that of social secretary, women will continue to burn out and in the end opt out to stay home and not go back to work after giving birth.

I am not saying that these young women should not be judged by the same standards as young men, I am merely saying that they need to be cut some slack so that they don’t feel that they are being judged more harshly than the men their age doing the same job. 

By Didi Lorillard on 07/29/2009 10:42 am
S.J. Morgan
So the consensous seems to be…men need to change their way of thinking!!!!  ????
By S.J. Morgan on 07/29/2009 3:42 pm
Karen R
It’s very tempting to draw parallels between discussions like this about gender issues and recent comments on the Gates arrest.
By Karen R on 07/29/2009 4:35 pm
Chris Glass`
If we really want to see women rise to the top of the ranks in business and industry we need to teach our daughters and granddaughters that it is a viable life option for them. They should be given the same opportunities and training that our sons have enjoyed for generations. Teach them leadership skills and encourage the to enroll in student internship programs for a taste of corrporate culture. Stress math and science competence over a general diploma certification. Teach them that they are responsible for themselves as well as a future family. Stress that a healthy relationship is one where the woman can earn her own income and provide for her retirement in the event of death, divorce or illness.
By Chris Glass` on 07/29/2009 4:18 pm
Esther Jeles
It has been my experience that women who run (large and small) companies give other women corporate positioning. The last two (considerable sized) corporate clients I worked with was majority women. Women being the founders & owners of those companies might have had something to due with it. Hence proving my theory; women can (and should) hire more women, women can promote more women, women can change the current "lack of women in board rooms" stats.
By Esther Jeles on 07/29/2009 10:48 pm
L. C.

Book List

"THUNDERBOLT THINKING,  Electrifying Ideas for Building an Innovative Workplace" Product Development, Sales & Marketing Strategies, Process Breakthroughs, Customer Service and Team Performance. Grace McGartland

"Talking Dollars And Making Sense", Brooke M. Stephens, " Wealth Happens One Day At A Time" Brooke M. Stephens

"The Personal Touch", Terrie Williams

"The 9 Steps To Financial Freedom", Suze Orman  "Women & Money Owning The Power To Control Your Destiny", Suze Orman

"Steppin’ Out with Attitude", Anita Bunkley

"Pushing The Envelope All The Way To The Top", Harvey Mackay

" Staying Street Smart In The Internet Age", Mark H. McCormack

"Finish Big Fifteen Key Lessons to Start- and Run- Your Own Successful Business", Fred Deluca

"EMPOWER THE PEOPLE Overthrow the Conspiracy That is Stealing Your Money and Freedom", Tony Brown

"How to Succeed in Business Without Being White Straight Talk On Making It In America", Earl Graves Publisher & CEO Black Enterprise Magazine

"Networking The Great New Way for Women to Get Ahead" Mary Scott Welch

* I’ve found invaluable information in these books.

 

 

By L. C. on 08/01/2009 8:55 am
Andrea Brandon
The best gift a father can give a teenaged daughter is to spend time with her, support her, and teach her how to act in a man’s world. It’s unfortunate that too many dads tend to back off with daughters once puberty hits.
By Andrea Brandon on 08/01/2009 4:32 pm