Wednesday, October 29, 2014

After Shattering Glass Ceiling, Women CEOs Fall Off the Glass Cliff

After Shattering Glass Ceiling, Women CEOs Fall Off the Glass Cliff: Chief execs who are women are fired far more than men in the top exec role. What gives?

It's no secret there's a massive gender disparity in the upper echelons of the American business world. Women account for just 4.8% of Fortune 500 CEOs and that's actually a fact to be celebrated, as it's the highest we've ever seen.
That's bad enough it itself.
There's a real problem here and women in business have had to work hard to break through that glass ceiling, both as individuals and collectively. Considering how underrepresented women are in big business management, there's still a lot of work to do even on that front.
Once they do, though--once a woman beats all the odds and earns the top seat in a major company--the fight begins for her to keep that job. A recent PWC study found that over the ten-year period ending in 2013, female CEOs are forced out of their jobs far more often, with 38% getting the boot, compared to 27% of their male counterparts.
What's going on here? How is it possible that with so fewer female CEOs, they're shown the door that much more often?

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