The Consequences of Being Overpaid
How much are your worth? And do you consider yourself overpaid or underpaid? And what does that mean for compensation throughout a career? University of Notre Dame professor, Adam Wowak, at the Mendoza College of Business, has new research that shows CEOs who have been overpaid earlier in their tenures continue to receive the largest raises or smallest pay cuts. Read the rest of this entry »
What kind of week is it for Women Executives?
What kind of week has it been so far for women executives? It has been decidedly mixed. Read the rest of this entry »
Tags: All Things D, Bank of America, career transitions, Carol Bartz, female executives, Jill Abramson, management, New York Times, Sallie Krawcheck, severance, Susan Chira, Yahoo
Contests for Fledgling Entrepreneurs
The jobs numbers were released on Friday and showed unemployment inched up again.
With job offering few, some job seekers are turning to entrepreneurship and are entering contests. Here are two.
Daily Candy is sponsoring their Start Small Go Big Contest.
The Peter Drucker Challenge 2011 is seeking essays from entrepreneurs younger than 35.
Tags: job creation
You Can’t Fire Everyone by Hank Gilman
Hank Gilman, the Deputy Managing Editor of Fortune has come out with a new book, You Can’t Fire Everyone, a career reminisce packed with solid advice for all those who are a promoted to management and then find they need to stay ahead of the curve they didn’t know existed. It’s not just aimed at those who have reached the tippy top of management. For journalism buffs, its also offers insights on the recent transformations in the industry. Read the rest of this entry »
CEO Children and Gender Wage Gap
If you’re a woman interested in equal pay in the workplace it might be helpful to learn the sex of any children your CEO has. Your workplace pay parity may be influenced by the answer. Read the rest of this entry »
Admired vs. Ethical, A Corporate Paradox
For those who hold store in “best of” lists it’s been a busy week. First, Fortune ran their Most Admired Companies list. Apple, Google, Berkshire Hathaway, Southwest Airlines and Proctor and Gamble took the top five slots in that order.
Then www.ethisphere.com weighed in with the 2011 World’s Most Ethical Companies, those who do the right thing. And none of the top five Fortune companies appear on the ethical list, although Colgate-Palmolive, a Proctor and Gamble competitor did.
Have we arrived at a moment when ranking companies begins to approximate the rankings of colleges that have bedeviled students for so long? And given the choice would the management of a company prefer to be admired or ethical?
In the coming weeks we’ll be talking to academics, the corporate executives and the consumers who use the products to try to make sense about the distinction.
Tags: Corporate Ethics, Fortune
Where the Female Executives Are–Country by Country
Overall the numbers of senior executives dipped in the last two years according to research from the Grant Thorton International Business Report, an annual survery of the views of senior executives of privately held companies by the accounting and risk management firm of the same name. The percentage of female senior managers dipped from 24% tin 2009 to 20% in 2011.
Thailand led with 45% of senior management positions held by women, followed by Georgia (40%) Russia (36%) Hong Kong and the Phillipines (tied at 35% )
The data revealed the countries of the G7 lagged behind Asia/Pacific. Great Britain(23%) and the United States(15%). Stil the United States did better than Germany (11%) and Japan (9%). What can we learn from the Pacific Rim?
It’s Still Lonely for Women at the Top
Yesterday was the 100 Anniversary of International Women’s Day 2011. Throughout the blogosphere there were opinions, even tributes. Arianna Huffington wrote an essay about her mother. Tina Brown, now editor-in-chief of Daily Beast and Newsweek was championing the second Women in the World Summit. And on Careerdiva.net Eve Tahmincioglu who didn’t want to blog about the day asked hard questions about the distance women have traveled and what they need to still accomplish.
Now, it seems that many women are heeding the motto of former Secretary of State Madeline Albright who recently spoke at Ted Women and said, “There’s a special place in hell for women who don’t help each other.”
There are several grass roots organizations that have gained traction recently and are poised to assist qualified women gain a place on corporate boards. DirectWomen, 2020 Women on Boards currently in Boston but expects to expand nationwide this year, and WomenCorporateDirectors in 27 cities worldwide are all gaining visibility.
Recently Mary Ann Jorgenson, an attorney and CEO of DirectWomen provided a brief overview of the organization. It had its start as part of an American Bar Association initiative to identify board ready qualified female attorneys. The attorney’s who go through an intensive 2 ½ day program are selected by a competitive winnowing process (only 1 in 5 makes it through) and are chosen in part for their business judgment and problem solving skills. Of 60 womenwho have participated, 15 now sit on corporate boards.
Ms. Jorgenson says the biggest impediment may be the mind sets of those screening for the boards. “They want other CEO’s,” she said. Still she said attorneys, especially those with experience in risk mangement and regulatory issues, may be more in tune with the current needs of corporations.
What’s your experience with women’s organizations?
Criteria for Joining A Corporate Board
I recently interviewed Constantine Alexandrakis a search consultant at Russell Reynolds Associates in Chicago, who also has responsibility for corporate officer searches.
He’s noticed a gradual shift upwards in the last decade of the percentage of women on the boards of the S&P 500 ( a different number than David Matsa used) from 12% to approximately 16% now.
Asked why the number isn’t higher, and he gives a tutorial on how a hypothetical board search considers specific skills for an open board position. Read the rest of this entry »
Tags: board of directors, executive search, management and leadership skills, women on corporate boards
Lessons in Shattering the Glass Ceiling
Attention recently turned to corporate boards in Europe again after a report commissioned by the British government said women should comprise at least a quarter of the boards of the largest British companies by 2015. The report stopped short of the mandate that’s existed in Norway since 2005. There 40% of corporate boards are required to be women by law. Read the rest of this entry »
Tags: Amalia Miller, corporate boards, female executives, Frank Matsa, glass ceiling, leadership, management, mentoring, networking, stock prices
