Bill Pugliano/Getty Images CNN The number of women running Fortune 500 companies has hit an all-time record of 37. 74.3% of teachers are women and 25.7% of teachers are men. Only one is a Black woman (though there will be a second when Thasunda Brown Duckett becomes CEO of TIAA on May 1).. Published March 7, 2017 With so few women running large US companies, it would seem that the number of female CEOs in the Fortune 500 could only go up. So, its important to point out that the workforce at 16 companies that share data isnt a perfect predictor of the other 484. The most common race among teachers is White, which makes up 72.3% of all teachers. Its often the case that the demographics of leadership are treated as a death sentence for the upward mobility of minority employees. When he was named as the head of the company in 2001, he became the third black CEO of a Fortune 500 company. According to Deloitte and the Alliance for Board Diversity's census, "placing women and minorities into the positions of board chair and nominating or governance chair can pay immediate and future dividends for the promotion of board diversity.What are you waiting for? Rather, she said, we should delight in the number of potential allies who work for these titans of industry. Women make up just 8% of the top earners on the Fortune 500 list. Copyright 2021 AboveBoard Solutions, Inc. You dont have to be a person of color or a woman or a person from another marginalized identity to be a champion for diversity, she said. Teacher Statistics By Gender. Growing steadily since its inception into an esteemed Fortune 500 corporation, annual revenues were $11.6 billion in 2020. American Indian and Alaska Native women are paid 87 person of what American Indian and Alaska Native men are paid. That meant there were no more black women among the Fortune 500 CEOs and that was still true when the new list was released yesterday. Create a free account and access your personalized content collection with our latest publications and analyses. Meanwhile, the percentages for Fortune 100 and 500 boards are 17.5% and 20.6% respectively as of 2020, and 24% for the Russell 3000 as of June 2022. Massive companies take outspoken positions on diversity, inclusion, education, and the environment. Change starts at the top, and the data bears this out. Oracle did not respond to a request for comment. CORRECTIONS & CLARIFICATIONS: An earlier version of this story misstated the number of Latina CEOs in the Fortune 500.There are two. We have access to the resources of a Fortune 500 with the velocity of a startup. For instance, The Missing Pieces Report found that AAPI women had the largest percentage increase in Fortune 500 board seats, totaling to a 45.9% increase (28 seats gained). Hurd stepped down in 2019, citing health issues, and Catz became CEO. Women who are Fortune 500 CEOs include Mary Barra of General Motors, Ginni Rometty of IBM, and the newly appointed Beth Ford of. This is a list of Women CEOs of the Fortune 500, based on the magazine's 2022 list (updated yearly). Terms & Conditions. Hispanic/Latina women made the second largest leap at 31.1% increase (14 seats gained). 16.0m members in the dataisbeautiful community. With more than 7,400+ customers, we serve approximately 80% of the Fortune 500, and we're proud to be one of FORTUNE's 100 Best Companies to Work For and World's Most Admired Companies 2022. And its the second year two Black women have been at the helm of Fortune 500 companies. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. Mar 10, 2022. But 44 female CEOs in the ranks of the countrys 500 largest companies demonstrates theres still work to be done. However, women and other minorities continue to climb the career ladder. The views expressed in this article are those of the author alone and not the World Economic Forum. Offers may be subject to change without notice. CEO pay dwarfs that of the average employee. A growing body of research affirms the direct link between diversity in leadership and improved business performance. Posted: December 02, 2022. In my role as CEO of the B Team, I am proud to partner with companies that acknowledge their 21st-century responsibilities as corporate citizensand act accordingly. CVS, Walgreens and TIAA are also staples of DiversityInc's annual Top 50 Companies for Diversity competition. More specifically, 11.8% of board seats in 2020 went to minority men, and 5.7% went to minority women. Apple declined to comment on Fortune's analysis. However, female CEO headshots had smiles that were rated substantially higher by the Photo Analyzer. As SOTN has been saying since January of 2020, COVID-19 is a bioweapon that can be aimed at anyone the bioterrorists want to take out or take down as the US just did at the World Cup. After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple, Netflix, and Microsoft. Female and male CEOs have very similar overall quality scores, with both genders scoring around 70. Warren Buffett, at 83, narrowly beats out Rupert Murdoch as the senior statesman of this elite group. Current as of January 18, 2021. Natura, the Brazilian-headquartered cosmetics company andworlds largest B Corp, is committed to achievinggender balance on its senior team and board by 2025, as well as equitable representation across managementof other underrepresented groups. That, said Dr. Kira Banks, leaves too many people on the bench when its time to increase corporate diversity and retention. An outstanding accomplishment for both men. Schwab Foundation for Social Entrepreneurship, Centre for the Fourth Industrial Revolution, The number of female CEOs in the Fortune 500 has hit a new record, The 5 youngest CEOs of Fortune 500 companies. Consider this: If the CEO makeup of the Fortune 500 was reflective of U.S. demographics, there would be more than 65 Black CEOs (13.5%) leading Americas largest public companies, compared to the current state of around 1.2%.. The forum officially kicked off in March in Mexico City, sounding a clarion call for concrete, ambitious, and transformative actions to achieve immediate and irreversible progress toward gender equality. We are calling on businesses to showcase their commitment bysigning up to become a Generation Equality Commitment Maker. (They tell the story behind their name, based on a 2010 book by Laura Liswood, here.). Though America has become increasingly more diverse, C-suite diversity continues to lag behind. Hispanic and Latina women make up just 1.6% of senior executives in the nation's largest companies . Denison, TX. All rights reserved. By the end of 2013, diversity in the CEO position had declined for them. There are 8 CEOs of Asian decent who are on the Fortune 500 list. Group Economics and Market Analysis, CIMB Bank. Hispanic and Latina women are paid only 54 percent of what white men are paid. There are just two women of color on the list: Geisha Williams, the Latina who runs PG&E and Indra Nooyi, the Indian American (she would be counted in the Asian category on an EEO-1 Report) CEO at PepsiCo. The fortune 500 companies with the highest rankings with female CEOs are General Motors, IBM, Anthem Inc., Lockheed Martin, Best Buy, and Duke Energy. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. AboveBoard is an executive hiring platform that connects qualified executives with board and full-time opportunities. Since 2000, the number of female Fortune 500 CEOs hit an all-time high of 41 in 2021. In the middle of the 20th century, virtually all of those who ran the largest companies in the USA were white men . Benefits also extend to talent recruitment and retention, customer service, and social responsibility initiatives. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Nearly90% of Fortune 500 CEOs are white men,a staggering figure. Texoma Medical Center is now hiring a CEO - ACUTE in Denison, TX. And dont just take my word for it. The 2012 ranking of the 500 largest corporations in the United States includes a record 18 firms helmed by female CEOs, up from 12 companies in 2011. With more than 7,400+ customers, we serve approximately 80% of the Fortune 500, and we're proud to be one of FORTUNE's 100 Best Companies to Work For and World's Most Admired Companies 2022. Answer: In a political economy, you can make a woman vice-president because of her sex and skin color, but you can't make her effective. Less than 1% of Fortune 500 CEOs are women of color Women represent 50.5% of medical students in the United States but only account for 36.3% of doctors as of 2019 Women account for 54.5% of first-year law students but only represent 37.4% of lawyers in the United States as of 2020 For further analysis, we broke down the data in the following ways: In fact, a former senior executive at American Express which is ranked at #85 on this years list talked to the Wharton School about in 2006. We've confirmed 25 CEOs are new to their role to kick-off 2021. In addition, the past year has opened more eyes to theclimate crisis,heightened inequality,andfailures of governancein emergency responseall of which hit societys most marginalized the hardest while elevating risk for business and governments alike. The CSV file contains information about fortune 500 companies spanning the years 1955 - 2005. That's up from 8.2% last year, when women led 41 of the 500 companies, and six times their share two decades ago, when women led just seven Fortune 500 businesses.. Its an historic high-water mark that pushes their representation to 6.4%. Weve reviewed Fortune 500 CEOs by race and gender given the best available data, and heres the big takeaway: change is happening, albeit slowly. 39 . There has only been one since. All Rights Reserved. A recent Fortune 500 diversity survey discovered only 38 percent of Fortune 500 board seats went to women or people of color. It promotes change among the employees who are able to look at their peers in an entirely different light than [they did] in the late 1970s when I was in government, said Weldon J. Rougeau, who was director of federal contractor compliance at the Department of Labor during the Carter administration. Diverse backgrounds and experiences on corporate boards, including those tho represent a broad range of society, strengthen board performance and promote the creation of long-term shareholder value, the report said. View job listing details and apply now. 31.5% of all chief executive officers are women, while 68.5% are men. The following chart shows the average headshot quality score of the 37 female CEOs and 467 male CEOs in the Fortune 500. Until 2016, only one Black woman helmed a Fortune 500 company and history was made when two Black women became CEOs of major national corporations. For more details, review our .chakra .wef-12jlgmc{-webkit-transition:all 0.15s ease-out;transition:all 0.15s ease-out;cursor:pointer;-webkit-text-decoration:none;text-decoration:none;outline:none;color:inherit;font-weight:700;}.chakra .wef-12jlgmc:hover,.chakra .wef-12jlgmc[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}.chakra .wef-12jlgmc:focus,.chakra .wef-12jlgmc[data-focus]{box-shadow:0 0 0 3px rgba(168,203,251,0.5);}privacy policy. He is the founder, CEO and chief engineer of SpaceX; angel investor, CEO and product architect of Tesla, Inc.; owner and CEO of Twitter, Inc.; founder of The Boring Company; co-founder of Neuralink and OpenAI; and president of the Musk Foundation.With an estimated net worth of around $171 . Fortune 100 seats gained/lost from 2016 to 2018 by gender and race/ethnicity Both figures are slight improvements from . Despite rampant employee complaints and several lawsuits over sexism, harassment, and Koticks personal mismanagement of assault claims at the game developer, Microsoft in January agreed to buy Activision for $68.7 billion, in what would be its largest acquisition to date. Microsoft posted a robust 38% increase in profits last yearearning $61 billion, the fourth-largest sum among Fortune 500 companiesas revenue rose 17.5% to $168 billion thanks to a successful Surface laptop and tablet launch. 2022 Fortune Media IP Limited. Two Black women were among the group. Nasdaq filed a proposed rule late last yearthat would require listed companies to publicly disclose diversity-related statistics and meetor explain why they are not meetingminimum boardroom diversity targets. In 2013, the average time as CEO of a Fortune 500 company was 9.7 years. Norways sovereign wealth fund, the worlds largest, called on its portfolio companies toset targets for gender diversity on boards. is affecting economies, industries and global issues, with our crowdsourced digital platform to deliver impact at scale. This Fortune 500 CEO eList and analysis is sourced directly from our BI PRO platform. However, a new and unexpected pattern has emerged for the other underrepresented groups. The previous record for women-led companies in the Fortune 500 was set in 2009, and included 15 firms run by female executives. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. A 2018 analysis for The Associated Press, which looked at nearly two-thirds of Fortune 500 chief executives, revealed that women collected an annual compensation of $12.7 million on average . . , 4,8% s&p 500 , , . Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. SDG 05: Gender Equality How has the number of female CEOs in Fortune 500 companies changed over the last 20 years? One of the nation's largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. has built an impressive record of achievement and performance. Full-Time. A 2013 Tanenbaum survey finds that 36% of American workers, or about 50 million people, have experienced or witnessed some form of religious discrimination or non-accommodation in their workplace. This phenomenon is known as the overreliance on the same diverse executives across different boardrooms or recycle rates.. What is more,new research recently featured in Harvard Business Reviewshines a light on the role of women leaders in accelerating innovation and embrac[ing] transformation while seeking to reduce the risks associated with it. This powerful business case should inspire the corporate class to see gender-balanced leadership as the transformative lever that it is. In 2021, women earned 90% of what men earned. But theres still a sizable parity chasm. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. CEOs must recognize that these are not sector-specific risks. They wind up bearing the implicit responsibility to make sure other employees who look like them achieve a similar level of success. We are expanding access for underrepresented groups of executivesparticularly Black, Latinx, and women. Sangetha is passionate about levelling the playing field for women and lifting the gender and race barriers in Malaysian politics. For every board seat newly occupied by a minority woman, White women occupied nearly three new seats, the report stated. The 2021 Missing Pieces Report: The Board Diversity Census of Women and Minorities on Fortune 500 boardsa survey conducted by the Alliance for Board Diversity and Deloitteoffers a Fortune 500 diversity deep dive. Fortune 500: 1%: Start-up: 1%: Teacher . Seventy-three percent of the senior executives, men and women, are white. CEOs of the Fortune 500 are overwhelmingly White, straight, and male. 2021 Fortune 500 CEOs LP The past year brought a lot of executive changes at companies across the country, and CEOs were not immune. Only 36% of director . Databricks is the lakehouse company. . The world's richest person also received the highest CEO compensation in 2021. Gender: Percentages: Female: 74.3%: Male: . The number of Black CEOs is at an all-time high, per the 2022 Fortune 500 rankings, totaling to six Black chief executives (just over 1% of the companies in the list). 55 Women are only 7 percent of top executives in the Fortune 100 companies. Many of Nadella's peers likely believe he deserves a huge payday. With the benchmark ABD has set (40 percent women and/or minorities on boards by 2020), the Fortune 100 is leading in achieving that milestone. Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. 12.0% of teachers are Hispanic or Latino, and 10.1% are Black or African American. Learn more on Life at Now blog and hear from our employees about their experiences working at ServiceNow. Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. A weekly update of the most important issues driving the global agenda. Tan was born in Malaysia and attended M.I.T. CEOs must meet this moment by closing gender and race gaps in leadership. The provided columns include: Year- year that the fortune 500 list was published Rank- company's position on the fortune 500 list Company- name of the company. By the end of 2019, a great increase in female management roles worldwide has surfaced. All Rights Reserved. An overview of Fortune 500 diversity offers a snapshot of how diversity efforts are playing out at some of Americas most influential companies. Kotick became CEO of Activision in 1991. Headquartered in King of Prussia, PA, UHS has 89,000 employees and through its subsidiaries operates 26 acute care hospitals, 334 . How many women are Fortune 500 CEOs? There are 25500 rows representing 51 (years) sets of 500 (companies). The average big-company CEO made 351 times the pay of the average worker on a realized basis in 2020, according to the Economic Policy Institute (EPI), which has tracked the metric for decades, up from a 21-to-1 ratio back in 1965. Global GDP could suffer$1 trillion in losses by 2030if nothing is done to address the pandemics regressive effects on womens employment alone. . Today, CSR is a big deal. 1. Powered and implemented by Interactive Data Managed Solutions. A tiny fraction less than 1% of Fortune 500 companies have Black CEOs. The 2022 rankings include the first time a Black founder has ever been featured in the Fortune 500s 68-year history. While the laudable goal of gender diversity has made substantial progress, it appears to be coming at the expense of a broader set of minority boardroom candidates., Two out five Black board members serve on multiple Fortune 500 boards, according to the research. Consistent with the theory of the glass cliff, we find that occupational minorities?defined as white women and men and women of color?are more likely than white men to be promoted CEO . Women and Minorities Men primarily dominate the corporate world. White Male Fortune 500 CEOs, New CEOs, the Uk. One of the nation's largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. has built an impressive record of achievement and performance. Web. Atthe B Team, a collective of global business and civil society leaders working toward sustainability, accountability, and equality goals, we are calling on business leaders to establish voluntary and time-bound commitments to ensure gender-balanced and racially diverse C-suites and boardrooms by 2025and to deliver on these commitments. Everyone stands to benefit from a more diverse and equitable worldespecially business. . Our team is high-powered and committed: we expect the same from every person we hire. The most common ethnicity of chief executive officers is White (81.1%), followed by Hispanic or Latino (7.0%), Asian (6.8%) and Black or African American (3.2%). In an emailed statement, a spokesperson reiterated that Activision Blizzard had valued Kotick's "granted" (but not realized) compensation in 2021 at $826,549. The Big Picture: White Men and Everyone Else The big picture is that almost 90% of the Fortune 500 CEOs are still white males. The Inclusion Revolution is here, and weallstand to benefit. Shes an associate professor at St. Louis University and co-founder of The Mouse & The Elephant, a consulting firm that helps corporations execute on diversity initiatives. The 2021 Missing Pieces Report took an even more granular look at Fortune 500 diversity. Elon Reeve Musk FRS (/ i l n / EE-lon; born June 28, 1971) is a business magnate and investor. Women, women of color, women born outside of the United States, and LGBTQ+ women are underrepresented. Databricks is headquartered in San Francisco, with offices around the globe. And on that point, it would seem the CEO group and Banks agree. Catz was a banker before she joined Oracle as a Senior Vice President in 1999. So, who are they? When Geisha Williams took over PG&E in 2017, she was stunned to learn she was the first Latina CEO of a Fortune 500 company.. A record 41 companies in the 2021 Fortune 500 are headed by women CEOs. And these numbers are despite the fact that Black people make up about 13 percent of the American population. 2022 Fortune Media IP Limited. In my own experiences as candidate for President of Iceland, as cofounder and executive chairman of an investment firm, and as a mentor to female entrepreneurs, I regularly encounter the same problem: a lack of recognition that changingwhois in charge is the best way to changehowwe tackle our biggest, collective challenges while simultaneously improving corporate performance. The company, which ranked 14 on this year's 500, also grappled with a chip shortage that challenged Xbox game consoles. Tesla delivered 936,000 vehicles in 2021, an 87% increase that puts the company at the pinnacle of the global EV industry, with a 14% market share. Some view the. No, of course not.. Those. The disproportionate toll the COVID-19 pandemic has taken on women and people of color is undeniable. Latino/a and black executives are underrepresented by 9 and 13 percentage points. The company ranked 134 on this year's Fortune 500. Plus, it means companies arent over reliant on the few Fortune 500 minority CEOs within their ranks. Microsoft did not respond to a request for comment. The incumbent will work towards implementing HR initiatives to drive Ingredion values & embed an inclusive company culture through various employee engagement activities. Our analysis evaluated the pay packages of 280 Fortune 500 CEOs, who earned a median total compensation of $15.9 million, up 30% from a year earlier. Catalyst places a high value on an individual's freedom to self-identify and understands that, outside of this self-identification, there will be difficulty in precisely verifying an individual's race, ethnicity, and . In 2000, there were four white women CEOs of Fortune 500 companies, and as of January 15, 2014, there were 23, an almost sixfold increase. The number of Black CEOs in the Fortune 500 is at an all-time highof six, just a little more than 1% of Americas top companies. When calculating a CEOs total realized pay, we measured the following for the companys most recent fiscal year: salary and bonuses; other compensation such as vested restricted stock grants, long-term incentive payouts and perks; and stock gains in the form of value realized from exercising stock options. One of those problems Rougeau may have been referring to when he talked about corporate diversity in 2006 is the way tokenism manifests for high-ranking people from marginalized communities. From here, we can see some of the progress thats been made toward diversity, equity, and inclusion overall, and the ground we have left to cover. 9, CVS ranked No. Here are the highest-paid CEOs. The Fortune 500 has the highest number of companies with female CEOs ever, but women still have a long way to go for equal representation. 3. job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory . Nadella has headed that list since 2017. However, it seems likely that women at Fortune 500 companies see better representation in senior official roles than they do among CEOs. The percentage of CEOs on the Fortune 500 list who are of Latino decent: 1.6%. The company had a blockbuster 2021, bringing in $53.8 billion in revenue, up 71% from 2020, and expanding significantly into key European and Chinese markets. Why do recycle rates matter? Using those 16 companies as a representative sample for the entire Fortune 500 cohort would result in a pretty wide margin of error: 24.3%. Fortune 500 CEOs by race and gender Fortune 500 minority CEOs and board members The 2021 Missing Pieces Report: The Board Diversity Census of Women and Minorities on Fortune 500 boards a survey conducted by the Alliance for Board Diversity and Deloitteoffers a Fortune 500 diversity deep dive. In the European Union, companies that dont report their gender pay gapscould soon face fines. People who represent two or more races are three times as common in the overall workforce as they are in senior executive roles. Responsibilities. A spokesperson noted that the bulk of Schleifer's realized pay, per Fortune's analysis, "reflects the exercise of long-held options that were reaching their ten-year expiration point," and said, "Regenerons compensation philosophy has always emphasized long-term incentives in the form of stock options and other equity-based awards, as we believe this aligns employee interests with the typically long-term nature of drug development.". The new leadership playbook recognizes the need for holistic actionand the degree to which diverse, gender-balanced leadership teams can be a catalyst for these efforts. FORTUNE may receive compensation for some links to products and services on this website. You will be working with C Level executives at Fortune 500 companies and building necessary business relationships throughout the organization . She founded Lead Up Malaysia, a social enterprise with the objective of upskilling and motivating B40 women and girls. Meanwhile, Native Americans and Hawaiians or Pacific Islanders are underrepresented by 0.3 and 0.4 percentage points. Director appointments are far from gender parity. Why does this matter? Should litigation become unavoidable, she is a zealous advocate on her clients' behalf. Many are speaking out. Fortune 500 companies currently led by women CEOs include UPS, Best Buy and Progressive. Women are just 5 percent of Fortune 500 CEOsdown from a record high of 6 percent in 2017. 5 tips for women to get what they deserve at work, To empower female entrepreneurs, we must challenge gender norms, To tackle violence against women, we need to alleviate poverty, New Zealand Now Has A Majority Of Female Politicians In Its Parliament, Making Cities Better For Women's Safety And Equality. But its nowhere near the speed wed like it to be., With 44 female chief executives spearheading America's largest companies, women now run 8.8% of businesses on the 2022 list, per reporting from Fortune. The Most Powerful Women team reported on Wednesday. The total number of companies with greater than 40 percent diversity increased from 33 companies in 2016 to 46 companies in 2018. You can unsubscribe at any time using the link in our emails. Advertisement In 2016, the number. But a crisis of conformity still plagues C-suites and boardrooms around the world. The percentage of S&P 500 directors from underrepresented racial/ethnic groups is only 22% and has not increased since 2021. Only crazy California cultural marxists would ever concoct such an absurd compensation scheme in order to further divide American society. Overview. TIAA, a Fortune 100 financial services. The company ranked 231 on this year's Fortune 500. All rights reserved. Founded by the original creators of . She noted that Kotick had reduced his salary to $62,500 last year, and praised his 31-year tenure for making Activision one of the most successful global gaming com- panies in the world.. In fact,the majorityof business leaders get it. Schleifer is the co-founder and CEO of Regeneron, a biopharmaceutical company that makes a variety of medications that treat asthma, cancer, chronic pain, and more. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. The private economy demands far more from it's successful leaders.. "/> The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. It wasnt until last August that Business Roundtable, an association of CEOs whose companies represent 15 million workers, specifically cited diversity at the top of its list of characteristics to consider for board composition in its Principles of Corporate Governance guide. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell My Personal Information| Ad Choices A spokesperson disputed Fortune's analysis of Hastings' realized pay and would only reiterate the total value of his "granted" compensation for 2021: "Per our proxy statement his compensation in 2021 was $40.8 million, with $650,000 in cash and $39.7 million in stock options.". Nearly 90% of Fortune 500 CEOs are white men , a staggering figure. Growing steadily since its inception into an esteemed Fortune 500 corporation, annual revenues were $11.6 billion in 2020. American Expresss first black CEO, Kenneth Chenault, Elon Musk is selling Twitter HQs espresso machines, Eames chairs, and sculptures in a giant auction, Elon Musks Neuralink staff claim his demands to rush brain implant trials led to the needless deaths of 1,500 animals, Men are dropping out of the labor force because theyre upset about their social status, according to a new study, CA Notice at Collection and Privacy Notice. 55 votes, 31 comments. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. Business Roundtable, Women Business Collaborative Partner to Highlight Progress Made on Gender Equity, Diversity But while the number of female-led businesses has grown, women still only make up 8.2% of Fortune 500 CEOs, and women of color run even fewer, just 1.2%. She became co-CEO with Mark Hurd in 2014. In the same period, there have only been four Black women Fortune 500 CEOs. This year's Fortune 500 has made history with the female 18. The average age of an employed chief executive officer is 52 years old. In 2021, no CEO or corporate director should need to be convinced of the business case for gender-balanced and racially diverse leadership teams. Fable Data has pioneered this model within Europe and supplies data to some of the world's largest hedge funds, the Financial Times, major government bodies, and Fortune 500 companies. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell My Personal Information| Ad Choices Compared to the demographics of the overall employed workforce, Asian and white workers at these 16 companies are overrepresented in senior leadership by 15 and 10 percentage points, respectively. There are 22 women who are CEOs of Fortune 500 companies, but 6% of the Fortune Top 50 companies are headed by women. Globally, women occupya mere one in fiveseats in the boardroom. And for the first time, two Black women Roz Brewer from Walgreens Boots Alliance and. . When Banks looked at the above diversity data for senior executives at 16 Fortune 500 companies, she was careful to point out that it need not be a depressing reminder that women and people of color and other marginalized groups that arent counted on the EEO-1 Report struggle to make it to the upper echelons of corporate America. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." Broadcom, which designs and manufactures a wide range of semiconductor and software products, ranked 128 on this year's Fortune 500. All employment decisions at VMware are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital . Multiple women and influential women on the board significantly increase the likelihood that firms will offer LGBT-friendly policies." Currently, less than 5 percent of Fortune 500 CEOs are. Compensation Your salary last year was around 10 million. This year, CEOs have a key opportunity to take bold action in line with this new playbook: theGenerationEqualityForum. A record 120 women are serving in the newly elected House, accounting for 27% of the total. Tesla ranked 65 on this year's Fortune 500. A record number of 41 women are leading Fortune 500 companies today, according to Fortune's latest list. . HR Officer will proactively work towards employee wellbeing and provide support in Talent . At the time the article was published, American Expresss first black CEO, Kenneth Chenault, was 5 years into his now 16-year tenure. Despite comprising a smaller share of the U.S. population than African Americans or Hispanics, the most represented racial minority at the CEO level of U.S. companies was Asians/Indians, who. PensionDanmark, a major European labor market pension fund, is committed togender balance across its entire staff by 2025while advocating forresponsible corporate tax practiceand atransition to a net-zero economy. CEO - ACUTE. . A significant gender-wage gap still exists; among full-time workers, women earn 77% of what men earn (US Census, 2005), only 3.2% of Fortune 500 CEOs are currently women (Catalyst, 2011), despite few differences The offers that appear in this table are from partnerships from which Investopedia receives compensation. In fact, according to Investopedia, only 20 S&P 500 and Fortune 500 companies feature a LatinX CEO or, only 4 percent. In January Xeroxs Ursula Burns, who became the first black woman CEO on the list in 2009, stepped down from her post. If that group were one giant U.S. company, itd be second only to Walmart in terms of size. The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. 26 and Walgreens ranked No. 56 Women occupy only. If corporations are serious about achieving true board diversity, they must be intentional about reaching outside of their traditional networks and tapping the plethora of qualified, Black board-ready executives who are ready to serve, Michael C. Hyter, President and CEO of The Executive Leadership Council, said in the report. Later, researchers at Utah State University followed up, taking a look at Fortune 500 company CEO trends over 15 years, and had similar findings. This is what 21st-century CEO leadership looks like. Revenue rose 24.7% percent in 2021. We must disrupt the crisis of conformitywith diversity from top to bottomif we hope to ensure a better way of doing business that values people and planet alongside profit. Fortune 500 diversity for women is also at a record high. However, in 2020, that number was 6.9 years. Thasunda Brown Duckett becomes CEO of TIAA, set targets for gender diversity on boards, Nasdaq filed a proposed rule late last year, gender balance on its senior team and board by 2025, as well as equitable representation across management, gender balance across its entire staff by 2025, signing up to become a Generation Equality Commitment Maker, implement the hybrid workplace of the future today, the essential value of the digital pivot, Elon Musk is selling Twitter HQs espresso machines, Eames chairs, and sculptures in a giant auction, Elon Musks Neuralink staff claim his demands to rush brain implant trials led to the needless deaths of 1,500 animals, Men are dropping out of the labor force because theyre upset about their social status, according to a new study, CA Notice at Collection and Privacy Notice, The hybrid office will create great opportunities. In 2021, UHS was again recognized as one of the World's Most Admired Companies by Fortune; in 2020, ranked #281 on the Fortune 500; and listed #330 in Forbes ranking of U.S.' Largest Public Companies. Netflix ranked 115 on the Fortune 500, with an 18.8% change in revenue. In 2021, TIAA ranked No. Our innovative platform for executive hiring connects underrepresented executive candidates, including Black, Latinx/Hispanic, and female executives, directly with the C-suite and boardroom opportunities that will take their careers to the next level. As can be seen in Figure 1, the slow increase in "new CEOs", from a total of 19 in 2000 to 71 in 2020, has been accompanied by a corresponding steady decrease in the number of white male CEOs. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. At AboveBoard, were on a mission to be the change we want to see. Ikea, which has already achievedgender balance acrossglobal management, is inspired to take further action, committing toclose gender pay gapsandensure racial and ethnic equalityacross the business. Fable Data is the leading source of real-time European consumer transaction data, using anonymised transaction data from European banks and credit card providers. Fortune Global 500 firms spend roughly $20 billion on corporate social responsibility per year. Never has a record seemed so sad and motivating, all at the same time. This analysis counts voting as well as nonvoting members of Congress. In one month (December 2020), women accounted forevery net reported job lossin the United Stateswith Black and Latina women bearing the overwhelming brunt of these losses. Why, then, are we moving from talk to action at such a glacial pace? 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For prevention and treatment of COVID-19 blog and hear from our employees about their experiences working at ServiceNow 25500 representing! ; behalf change we want to see every person we hire represent or!, but successfully began manufacturing the equipment in-house full-time opportunities 500 firms spend roughly $ 20 billion on corporate responsibility. Ceos are white men, and women are paid had smiles that were rated substantially higher by Photo! Great increase in female management roles worldwide has surfaced has hit an all-time record of 37 11.6 billion 2020... To 2018 by gender and race gaps in leadership losses by 2030if nothing is done to address pandemics! Not respond to a request for comment that the workforce at 16 companies that share data isnt perfect... Black CEO of a Fortune 500 companies see better representation in senior official roles than they do CEOs. 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