WSJ.com
MANAGEMENT
APRIL 4, 2011
By JOANN S. LUBLIN
Inadequate career development has kept women from reaching the top ranks of the corporate ladder, according to a report set to be released Tuesday by management consulting firm McKinsey & Co. The report, which examines barriers to women's advancement in corporations, is primarily based on a 2011 survey of 2,525 college-educated men and women, including 1,525 individuals employed by large companies, mainly in management.
Despite efforts by major companies, just a handful of women have ascended to the leadership pinnacle, the McKinsey report concluded. Only 11 chief executives of Fortune 500 companies are women, down from a peak of 15 in 2010, according to a spokeswoman for Catalyst Inc., a nonprofit women's research group. There were two Fortune 500 female CEOs in 2000, up from one in 1995, Catalyst said in a 2000 report.
Full Story: http://online.wsj.com/article/SB10001424052748704530204576237203974840800.html?mod=wsj_share_linkedin
Showing posts with label Fortune 500. Show all posts
Showing posts with label Fortune 500. Show all posts
Wednesday, May 4, 2011
Monday, May 2, 2011
Corporate boards earn a "D" for diversity
By Patricia Sellers
May 2, 2011, 7:37 am
When I started my career at Fortune in 1984, corporate America was a land of white men. As I say in my talks about women and power, bosses back then were white men without facial hair.
We've come a long way—just look at Fortune's Most Powerful Women list.
But a new report on Fortune 500 board composition, released by the Alliance for Board Diversity this morning, should make diversity champions weep.
The boards of America's biggest corporations are getting whiter. At the top 100 companies on the Fortune 500, African-Americans held 4.2% of the total board seats in 2010. That's down from 7.8% in 2004.
In the six years that passed, African-American men lost 42 board seats in 2010. That's down from 7.8% in 2004.
Full Story: http://postcards.blogs.fortune.cnn.com/2011/05/02/corporate-boards-earn-a-d-for-diversity/
May 2, 2011, 7:37 am
When I started my career at Fortune in 1984, corporate America was a land of white men. As I say in my talks about women and power, bosses back then were white men without facial hair.
We've come a long way—just look at Fortune's Most Powerful Women list.
But a new report on Fortune 500 board composition, released by the Alliance for Board Diversity this morning, should make diversity champions weep.
The boards of America's biggest corporations are getting whiter. At the top 100 companies on the Fortune 500, African-Americans held 4.2% of the total board seats in 2010. That's down from 7.8% in 2004.
In the six years that passed, African-American men lost 42 board seats in 2010. That's down from 7.8% in 2004.
Full Story: http://postcards.blogs.fortune.cnn.com/2011/05/02/corporate-boards-earn-a-d-for-diversity/
Wednesday, May 27, 2009
Ursula Burns to head Xerox, will be first black woman to be CEO of Fortune 500 company
Daily News - Money
BY Heidi Evans
DAILY NEWS STAFF WRITER
Saturday, May 23rd 2009, 4:00 AM
Betts/Bloomberg
Ursula Burns, president of Xerox Corp., will become the company's CEO this summer.
The new head of Xerox Corp. is a native New Yorker who grew up in a lower East Side housing project.
Xerox will be the first Fortune 500 company headed by a black woman when Ursula Burns, 50, takes the reigns this summer.
Burns replaces Xerox CEO Anne Mulcahy, 56, who told shareholders Thursday she would be retiring in July and had picked her lieutenant as her successor.
Burns climbed the corporate ladder at Xerox, beginning as a summer engineering intern in 1980 and rising to president of the printing giant in 2002.
As president, Burns oversaw a large chunk of the company's operations including overseas research and development, engineering, manufacturing and marketing.
She helped to build Xerox into the world's largest maker of high-speed color printers.
Last year, Burns ranked 10th on Fortune magazine's top 50 Most Powerful Women in America. She's the second-highest placed African-American woman behind only Oprah Winfrey, who was ranked No. 8.
Reached at their Rochester home Friday, Burns' teenaged daughter, Melissa, 16, called her mom "a great person, a wonderful inspiration."
"She has taken us back to the old neighborhood a few times," said Melissa, a reference to Delancey St. on Manhattan's lower East Side. "Apparently it's a lot better now than it was when she was growing up."
Burns, who attended Cathedral High School, was the middle of three children from two different absentee fathers.
In a 2003 interview with the New York Times, she described growing up poor in "the projects" - with "lots of Jewish immigrants, fewer Hispanics and African-Americans, but the common denominator and great equalizer was poverty."
Burns' mother took in ironing and ran a home day care center so she could send her kids to Catholic schools.
Burns, a math whiz, graduated from Polytechnic Institute in Brooklyn with an engineering degree. She got a master's degree in mechanical engineering in 1981 from Columbia University.
Full Story: http://www.nydailynews.com/money/2009/05/23/2009-05-23_1st_black_woman_xerox_ceo.html
BY Heidi Evans
DAILY NEWS STAFF WRITER
Saturday, May 23rd 2009, 4:00 AM
Betts/Bloomberg
Ursula Burns, president of Xerox Corp., will become the company's CEO this summer.
The new head of Xerox Corp. is a native New Yorker who grew up in a lower East Side housing project.
Xerox will be the first Fortune 500 company headed by a black woman when Ursula Burns, 50, takes the reigns this summer.
Burns replaces Xerox CEO Anne Mulcahy, 56, who told shareholders Thursday she would be retiring in July and had picked her lieutenant as her successor.
Burns climbed the corporate ladder at Xerox, beginning as a summer engineering intern in 1980 and rising to president of the printing giant in 2002.
As president, Burns oversaw a large chunk of the company's operations including overseas research and development, engineering, manufacturing and marketing.
She helped to build Xerox into the world's largest maker of high-speed color printers.
Last year, Burns ranked 10th on Fortune magazine's top 50 Most Powerful Women in America. She's the second-highest placed African-American woman behind only Oprah Winfrey, who was ranked No. 8.
Reached at their Rochester home Friday, Burns' teenaged daughter, Melissa, 16, called her mom "a great person, a wonderful inspiration."
"She has taken us back to the old neighborhood a few times," said Melissa, a reference to Delancey St. on Manhattan's lower East Side. "Apparently it's a lot better now than it was when she was growing up."
Burns, who attended Cathedral High School, was the middle of three children from two different absentee fathers.
In a 2003 interview with the New York Times, she described growing up poor in "the projects" - with "lots of Jewish immigrants, fewer Hispanics and African-Americans, but the common denominator and great equalizer was poverty."
Burns' mother took in ironing and ran a home day care center so she could send her kids to Catholic schools.
Burns, a math whiz, graduated from Polytechnic Institute in Brooklyn with an engineering degree. She got a master's degree in mechanical engineering in 1981 from Columbia University.
Full Story: http://www.nydailynews.com/money/2009/05/23/2009-05-23_1st_black_woman_xerox_ceo.html
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