This week the Wall Street Journal published a promising report on female executive pay. Headlines read "Though Outnumbered, Female CEOs Earn More Than Male Chiefs." How exciting, right?
Read a little further. The survey included 21 female CEOs, and 382 male chief executives. Woah. That's pretty inequitable, right? As Fast Company noted, the lead of the story was that women were making $2 million more than men as executives on average, not that 95% of all chief executives were men.
But it gets worse. Glamour reported today that the difference can mainly be accounted for by three female executives - Hewlett Packard's Meg Whitman, IBM's Virginia Rometty, and PepsiCo's Indra Nooyi. The Journal called this trend an "unusual reversal" of the gender pay gap. Sadly, though, the pay gap isn't closer to being bridged. And this story didn't help things.
- Alicia McElhaney / She Spends Issue #5