DataIsBeautiful is for visualizations that effectively convey information At AboveBoard, were on a mission to be the change we want to see. Advertisement In 2016, the number. 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. HR Officer will proactively work towards employee wellbeing and provide support in Talent . A recent Fortune 500 diversity survey discovered only 38 percent of Fortune 500 board seats went to women or people of color. For the first time, in 2021, two Black females are at the helm of Fortune 500 companies at the same time: Roz Brewer and Thasunda Brown Duckett. 74.3% of teachers are women and 25.7% of teachers are men. (The average skyscraper has about 50 floors; the U.S. A weekly update of the most important issues driving the global agenda. In fact, according to Investopedia, only 20 S&P 500 and Fortune 500 companies feature a LatinX CEO or, only 4 percent. Every business will be affected. Musk did not respond to Fortune's requests for comment. The African-American CEO in office the longest was Kenneth Chenault, at American Express for 16 years, from 2001 through 2017 (#74 in 2001, #86 in 2017). In the same period, there have only been four Black women Fortune 500 CEOs. Revenue for the company rose 14.9% in 2021. 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. 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. We have access to the resources of a Fortune 500 with the velocity of a startup. Women make up just 8% of the top earners on the Fortune 500 list. 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. And thats just the tip of the iceberg for Fortune 500 minority CEOs. . Hurd stepped down in 2019, citing health issues, and Catz became CEO. The views expressed in this article are those of the author alone and not the World Economic Forum. Apple declined to comment on Fortune's analysis. Theres lots of evidence, statistical and otherwise, that corporations struggle most with increasing diversity among their top leadership. 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.". Fortune 500 diversity for women is also at a record high. Globally, women occupya mere one in fiveseats in the boardroom. 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. 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. This is a list of Women CEOs of the Fortune 500, based on the magazine's 2022 list (updated yearly). Despite this, religious diversity and inclusion is not on the minds of many companies. Fortune 500 companies currently led by women CEOs include UPS, Best Buy and Progressive. Its an historic high-water mark that pushes their representation to 6.4%. 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: But theres still work to be done. Terms & Conditions. An outstanding accomplishment for both men. Fable Data is the leading source of real-time European consumer transaction data, using anonymised transaction data from European banks and credit card providers. 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%. 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). Only one is a Black woman (though there will be a second when Thasunda Brown Duckett becomes CEO of TIAA on May 1).. Its often the case that the demographics of leadership are treated as a death sentence for the upward mobility of minority employees. 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. Gender: Percentages: Female: 74.3%: Male: . CORRECTIONS & CLARIFICATIONS: An earlier version of this story misstated the number of Latina CEOs in the Fortune 500.There are two. Hispanic/Latina women made the second largest leap at 31.1% increase (14 seats gained). The private economy demands far more from it's successful leaders.. "/> Here are some specific demographic data: among the Fortune 100, 6.6% of directors were minority women, 14.0% were minority men, 21.6% were White women and 57.8 % were White men. Even if only 16 Fortune 500 companies share detailed demographic information about their employees, its important to point out that the data that is available represents the race, gender and job category of more than 800,000 people everyone from the CEO through service staff. Basically, women and people of color are likelier . Apple ranks 3 on the Fortune 500. That wasby farthe biggest CEO payday in 2021, according to our new analysis of how Fortune 500 CEOs are compensated. 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. 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.. 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. Ultimately, The Measure Up data reveals just one of the many hurdles to overcoming the lack of Fortune 500 diversitydata. 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. At the time the article was published, American Expresss first black CEO, Kenneth Chenault, was 5 years into his now 16-year tenure. Broadcom did not respond to a request for comment. Should litigation become unavoidable, she is a zealous advocate on her clients' behalf. 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. Here are the highest-paid CEOs. 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. Both figures are slight improvements from . And on that point, it would seem the CEO group and Banks agree. Earnings ratios for all groups of women look much worse when compared with the earnings of white men (the largest group in the workforce). Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. Web. 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. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. He earned $770.5 million in 2021 alone, mostly as a part of a 10-year grant of shares worth $1.7 billion. Growing steadily since its inception into an esteemed Fortune 500 corporation, annual revenues were $11.6 billion in 2020. Headquartered in King of Prussia, PA, UHS has 89,000 employees and through its subsidiaries operates 26 acute care hospitals, 334 . Netflix also faces increased competition from streaming services. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. In December 2021, Oracle announced a $28 billion deal to acquire electronic health records company Cerner; as of May 2022, that deal was still under regulatory review in the U.S. and Europe. Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. Forward-thinking leaders are already showing the way. Using a dataset of all CEO transitions in Fortune 500 companies over a 15-year period, we analyze mechanisms that shape the promotion probabilities and leadership tenure of women and racial/ethnic minority CEOs. Powered and implemented by Interactive Data Managed Solutions. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. Female CEOs represent just 37, or 7.4%, of the top 500 . Only one is aBlack woman(though there will be a second whenThasunda Brown Duckett becomes CEO of TIAAon May 1). Fortune 500; List of Fortune 500 computer software and information companies; 40 under 40; The CSV file contains information about fortune 500 companies spanning the years 1955 - 2005. Does it mean that there are not any problems in the workplace? 26 and Walgreens ranked No. 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. 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. Women and Minorities Men primarily dominate the corporate world. #PepsiCo, which brings in $80 billion a year in revenue, is a veritable CEO factory. 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. On May 1, TIAA welcomes Thasunda Brown Duckett, its first African American female CEO and the fourth Black woman CEO in a Fortune 500 company. This was such a significant departure from previous editions of the report that it got a call out in The New York Times DealBook. To be sure, any increase in Black CEO representation is cause for celebration given the Fortune 500s predominantly white and male history, according to Fortune. 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. 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. 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. Two out five Black board members serve on. TIAA, a Fortune 100 financial services. 39 . In the Senate, women hold 24 of 100 seats, one fewer than the record number of seats they held in the last Congress. Despite the many obstacles they face. Hes quoted in the Wharton article saying that just the mere presence of blacks in the CEO or chairman positions have an impact. Learn more on Life at Now blog and hear from our employees about their experiences working at ServiceNow. 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. The most common race among teachers is White, which makes up 72.3% of all teachers. She founded Lead Up Malaysia, a social enterprise with the objective of upskilling and motivating B40 women and girls. The world's richest person also received the highest CEO compensation in 2021. Nearly 90% of Fortune 500 CEOs are white men , a staggering figure. However, a new and unexpected pattern has emerged for the other underrepresented groups. Six are women of color, and for the first time ever, two Black women are running Fortune 500 companies this year.. 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. Later, researchers at Utah State University followed up, taking a look at Fortune 500 company CEO trends over 15 years, and had similar findings. All rights reserved. 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. CEOs born between 1946 and 1964 dominate the boardrooms of Fortune 100 companies with only a handful of exceptions. Teacher Statistics By Gender. Just as countries, businesses, cities, universities, and others have rallied behind the Paris climate agreement, this moment marks their opportunity to do the same for gender. Across the board, women and minorities have made more progress in board representation for the Fortune 500 between 2016 and 2020 than between 2010 and 2016. 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.. We are expanding access for underrepresented groups of executivesparticularly Black, Latinx, and women. 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. Missing Pieces Report: The Board Diversity Census of Women and Minorities on Fortune 500 boards, 8.2% last year, when women led 41 of the 500 companies, Everything you need to know about CEO diversity. . The Inclusion Revolution is here, and weallstand to benefit. A spokesperson acknowledged that during the latest fiscal year, Huang "realized about $507 million from expiring options that had been granted in 2011 and 2012, reflecting the approximately 60x increase in the companys share price over the [past] decade.". Women who are Fortune 500 CEOs include Mary Barra of General Motors, Ginni Rometty of IBM, and the newly appointed Beth Ford of. Director appointments are far from gender parity. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Current as of January 18, 2021. 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 . 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. Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. 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. Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. . Some view the. However, it seems likely that women at Fortune 500 companies see better representation in senior official roles than they do among CEOs. .chakra .wef-facbof{display:inline;}@media screen and (min-width:56.5rem){.chakra .wef-facbof{display:block;}}You can unsubscribe at any time using the link in our emails. on a scholarship before entering the business world. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. Overview. The 2022 rankings include the first time a Black founder has ever been featured in the Fortune 500s 68-year history. . 87% of global businesses have one woman in a management position. 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. The previous record for women-led companies in the Fortune 500 was set in 2009, and included 15 firms run by female executives. Women, women of color, women born outside of the United States, and LGBTQ+ women are underrepresented. Revenue rose 24.7% percent in 2021. Group Economics and Market Analysis, CIMB Bank. 2022 Fortune Media IP Limited. 2021 Fortune 500 CEOs LP The past year brought a lot of executive changes at companies across the country, and CEOs were not immune. 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. Why does this matter? CEOs of the Fortune 500 are overwhelmingly White, straight, and male. Those. Jane Fraser, who took over at Citi in March of 2021, was the first female CEO of a major US bank. Every business must be ready to respond. Massive companies take outspoken positions on diversity, inclusion, education, and the environment. Fortune 500 CEOs by gender over time. Broadcom, which designs and manufactures a wide range of semiconductor and software products, ranked 128 on this year's Fortune 500. 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%. Why, then, are we moving from talk to action at such a glacial pace? The fortune 500 companies with the highest rankings with female CEOs are General Motors, IBM, Anthem Inc., Lockheed Martin, Best Buy, and Duke Energy. 9, CVS ranked No. The 2021 Missing Pieces Report took an even more granular look at Fortune 500 diversity. They wind up bearing the implicit responsibility to make sure other employees who look like them achieve a similar level of success. In an emailed statement, a spokesperson reiterated that Activision Blizzard had valued Kotick's "granted" (but not realized) compensation in 2021 at $826,549. How many women are Fortune 500 CEOs? 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. 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. 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. The company ranked 231 on this year's Fortune 500. 12.0% of teachers are Hispanic or Latino, and 10.1% are Black or African American. Cook has been CEO of Apple Inc. since 2011. Texoma Medical Center is now hiring a CEO - ACUTE in Denison, TX. And it would take at least 26 skyscrapers to give each of those 5,089 executives and senior officials a corner office. Copyright 2021 AboveBoard Solutions, Inc. In 2013, the average time as CEO of a Fortune 500 company was 9.7 years. Last years Fortune 500 analysis included a new metric referred to as Measure Up, a rank of the most progressive companies in diversity and inclusion. (The Measure Up project remains ongoing, and the figures presented in this article reflect the latest available data.). 56 Women occupy only. However, female CEO headshots had smiles that were rated substantially higher by the Photo Analyzer. Business Roundtable, Women Business Collaborative Partner to Highlight Progress Made on Gender Equity, Diversity That said, that's still a greater number than Black CEOs. American Indian and Alaska Native women are paid 87 person of what American Indian and Alaska Native men are paid. Thats an awful lot of workers. However, it seems likely that women at Fortune 500 companies see better representation in senior official roles than they do among CEOs. 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 . It has produced 16 current Fortune 500 CEOs and is one of the most proficient corporations when it comes to # . July 2022. 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 . In the middle of the 20th century, virtually all of those who ran the largest companies in the USA were white men . Richard Zweigenhaft. 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. 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. Many of Nadella's peers likely believe he deserves a huge payday. Mar 10, 2022. The Most Powerful Women team reported on Wednesday that 32 of the CEOs on this years list are women. Though America has become increasingly more diverse, C-suite diversity continues to lag behind. If that group were one giant U.S. company, itd be second only to Walmart in terms of size. All Rights Reserved. And these numbers are despite the fact that Black people make up about 13 percent of the American population. Our team is high-powered and committed: we expect the same from every person we hire. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. Hispanic and Latina women are paid only 54 percent of what white men are paid. Today, CSR is a big deal. A record number of 41 women are leading Fortune 500 companies today, according to Fortune's latest list. 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%.. So, its important to point out that the workforce at 16 companies that share data isnt a perfect predictor of the other 484. Weve reviewed Fortune 500 CEOs by race and gender given the best available data, and heres the big takeaway: change is happening, albeit slowly. Equal Employment Opportunity Commission fully explains which job titles get the executive/senior officials and managers designation in a footnote here.). The company ranked 134 on this year's Fortune 500. Change starts at the top, and the data bears this out. She was previously the CEO of PNB Research . You will be working with C Level executives at Fortune 500 companies and building necessary business relationships throughout the organization . Salesforce's acquisitions of MuleSoft, Tableau, and Slack have helped fuel growth in recent years. 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. And for the first time, two Black women Roz Brewer from Walgreens Boots Alliance and. The total number of companies with greater than 40 percent diversity increased from 33 companies in 2016 to 46 companies in 2018. But a crisis of conformity still plagues C-suites and boardrooms around the world. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. For every board seat newly occupied by a minority woman, White women occupied nearly three new seats, the report stated. Growing steadily since its inception into an esteemed Fortune 500 corporation, annual revenues were $11.6 billion in 2020. 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. As the number 4 company on the Fortune 500 list overall, CVS Health's Karen Lynch also became the highest-ever ranked female CEO. Thats all very good, he continued. CEO pay dwarfs that of the average employee. Nadella has headed that list since 2017. Plus, it means companies arent over reliant on the few Fortune 500 minority CEOs within their ranks. Jane Fraser, who took over at Citi in March of 2021, was the first female CEO of a major US bank. And its the second year two Black women have been at the helm of Fortune 500 companies. See also. Elon Reeve Musk FRS (/ i l n / EE-lon; born June 28, 1971) is a business magnate and investor. Even though the number of female CEOs is up, that's still only 7.4% of the. 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. Rather, she said, we should delight in the number of potential allies who work for these titans of industry. Seventy-three percent of the senior executives, men and women, are white. 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, writes Halla Tomasdottir. 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. Only 36% of director . In the European Union, companies that dont report their gender pay gapscould soon face fines. 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. Nearly90% of Fortune 500 CEOs are white men,a staggering figure. There are 8 CEOs of Asian decent who are on the Fortune 500 list. Salesforce did not respond to a request for comment. Sangetha is passionate about levelling the playing field for women and lifting the gender and race barriers in Malaysian politics. And while LatinX executives of Fortune 500 companies were in greater numbers than their Black counterparts, they're certainly not thriving in Corporate America either. Kotick became CEO of Activision in 1991. 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. ranked #281 on the Fortune 500; and listed #330 in Forbes ranking of U.S.' Largest Public Companies. 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. FORTUNE may receive compensation for some links to products and services on this website. All Rights Reserved. This analysis counts voting as well as nonvoting members of Congress. The number of women running businesses on the Fortune 500 list hit 41 in 2021, an all-time high. Responsibilities. By race/ethnicity in the Fortune 100, 4.4% were Asian/Pacific Islander, 4.7% were Hispanic, 11.4% were Black, 79.4% were White and 0.2% other. Lindsay Kaplan, Co-Founder at Chief, a powerful Network of Women Executives, spoke about how 92% of Fortune 500 CEOs were men and despite common misconception, women are leaving leadership roles . As of Dec 7, 2022, women were CEOs at 9.4 percent of Fortune 500 companies. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Tan was born in Malaysia and attended M.I.T. Hispanic and Latina women make up just 1.6% of senior executives in the nation's largest companies . The full list is below. The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. 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. Databricks is the lakehouse company. CEO - ACUTE. In all, the census report uncovered that 17.5% of board seats were occupied by Fortune 500 minority CEOs. Denison, TX. However, in 2020, that number was 6.9 years. The incumbent will work towards implementing HR initiatives to drive Ingredion values & embed an inclusive company culture through various employee engagement activities. And only three women on the list of Fortune 500 female CEOs are women of color, according to Fortune. Pam is an external investigator for employment matters and also handles a variety of employment and business disputes. Since 2000, the number of female Fortune 500 CEOs hit an all-time high of 41 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. Warren Buffett, at 83, narrowly beats out Rupert Murdoch as the senior statesman of this elite group. Women are just 5 percent of Fortune 500 CEOsdown from a record high of 6 percent in 2017. The rest are 21% Asian, 3% Latino/a, 2% black, 0.6% two or more races, 0.2% Native American and 0.1% Native Hawaiian or Pacific Islander. 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). (They tell the story behind their name, based on a 2010 book by Laura Liswood, here.). This year's Fortune 500 has made history with the female 18. Hastings is the co-founder, CEO, and chairman of the streaming giant. Fortune 500: 1%: Start-up: 1%: Teacher . This phenomenon is known as the overreliance on the same diverse executives across different boardrooms or recycle rates.. The Fortune 500 Has More Female CEOs Than Ever Before Claire Zillman May 16, 2019, 3:30 AM The Fortune 500 Has More Female CEOs Than Ever Before In the latest Fortune 500 list,. 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. Women have made steady progress, according to Lorraine Hariton, President and CEO of Catalyst, a nonprofit focused on womens leadership. For starters, Fortune 500 companies (Americas 500 largest companies by revenue) make up some two-thirds of the U.S. economy, totaling to about $13.8 trillion in revenue in 2022. Microsoft did not respond to a request for comment. In one year, women across major economies were24% more likelyto lose their jobs than men. Decreased recycle rates are often healthy signs pointing to a board thats becoming more open and independent in nature, per the diversity census. CEOs must meet this moment by closing gender and race gaps in leadership. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." A tiny fraction less than 1% of Fortune 500 companies have Black CEOs. . Tesla ranked 65 on this year's Fortune 500. This story was originally featured on Fortune.com, Patrick Pleuldpa-Zentralbild/ZB, picture alliance via Getty Images, our new analysis of how Fortune 500 CEOs are compensated. A record 120 women are serving in the newly elected House, accounting for 27% of the total. Nope. 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. The company slid down 11 spots to 91 on the Fortune 500. Fortune 100 seats gained/lost from 2016 to 2018 by gender and race/ethnicity Executives invest corporate dollars in not-for-profit enterprises that benefit communities on the other side of the world. FORTUNE may receive compensation for some links to products and services on this website. There has only been one since. But theres still a sizable parity chasm. Catz was a banker before she joined Oracle as a Senior Vice President in 1999. The average age of an employed chief executive officer is 52 years old. When he was named as the head of the company in 2001, he became the third black CEO of a Fortune 500 company. But 44 female CEOs in the ranks of the countrys 500 largest companies demonstrates theres still work to be done. This is what 21st-century CEO leadership looks like. 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. AboveBoard is an executive hiring platform that connects qualified executives with board and full-time opportunities. 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 . 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. Across all demographics, women made gains at Fortune 500 boardrooms, according to the report. Leadership teams that reflect the diversity of our communities and our world are the ones best fit for the futureand best equipped to respond in ways that safeguard their business interests. Meanwhile, Native Americans and Hawaiians or Pacific Islanders are underrepresented by 0.3 and 0.4 percentage points. The numbers get even bleaker when the gender factor is weighed in. 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.". 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. Gender Equality Follow . 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. The HR Officer is responsible for to provide end-to-end HR support to employees. 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. Revenue surged 61.4%. CVS, Walgreens and TIAA are also staples of DiversityInc's annual Top 50 Companies for Diversity competition. Join today for access to career opportunities and helpful resources. 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. 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. 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. 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. Create a free account and access your personalized content collection with our latest publications and analyses. 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 Latino/a and black executives are underrepresented by 9 and 13 percentage points. All rights reserved. By the end of 2013, diversity in the CEO position had declined for them. People who represent two or more races are three times as common in the overall workforce as they are in senior executive roles. To join visit www.aboveboard.com. Only crazy California cultural marxists would ever concoct such an absurd compensation scheme in order to further divide American society. It shouldnt be our goal to say, Hey, look, theres another Asian woman whos in this leadership position and that means I can make it too, she said.That perpetuates tokenization.. Bill Pugliano/Getty Images CNN The number of women running Fortune 500 companies has hit an all-time record of 37. As of the release of the 2017 list, there are currently four black CEOs among the cohort: Roger W. Ferguson, Jr., another TIAA CEO; Kenneth C. Frazier of Merck; Chenault at American Express; and J.C. Penneys CEO Marvin R. Ellison. Everyone stands to benefit from a more diverse and equitable worldespecially business. In 2021, women earned 90% of what men earned. White Male Fortune 500 CEOs, New CEOs, the Uk. SDG 05: Gender Equality How has the number of female CEOs in Fortune 500 companies changed over the last 20 years? 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. 1. There are 22 women who are CEOs of Fortune 500 companies, but 6% of the Fortune Top 50 companies are headed by women. 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. Terms & Conditions. 3. of many prestigious awards for diversity, equity, and inclusion, including a DiversityInc Top 50 Company, Best CEO and company for women, LGBTQ+, multicultural talent, and . 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. The disproportionate toll the COVID-19 pandemic has taken on women and people of color is undeniable. is affecting economies, industries and global issues, with our crowdsourced digital platform to deliver impact at scale. A record 41 companies in the 2021 Fortune 500 are headed by women CEOs. I think the burden is on the predominantly white men in these positions to be intentional in speaking out about the pipeline and mentoring issues. 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. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some . 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. Offers may be subject to change without notice. Full-Time. 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. Netflix ranked 115 on the Fortune 500, with an 18.8% change in revenue. Of those high ranking officials, 80% are men and 72% of those men are white. . , 4,8% s&p 500 , , . The percentage of CEOs on the Fortune 500 list who are of Latino decent: 1.6%. But his incredible pay package may be justified by Apples stock market performance under Cook: The tech companys market value during his tenure has increased by $2.2 trillion. 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. 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. View job listing details and apply now. Growing steadily since its inception into an esteemed Fortune 500 corporation, annual . Learn more on Life at Now blog and hear from our employees about their experiences working at ServiceNow. A collection of stories, insights and resources on 21st-century business leadershipvisit The New Leadership Playbook, today. The Big Picture: White Men and Everyone Else The big picture is that almost 90% of the Fortune 500 CEOs are still white males. Female Fortune 500 CEOs lead just 25 companies on the list. While 356 of the Fortune 500 had some publicly-available racial and ethnic data in 2021, only 22 companies published a full breakdown of the percentage of minorities in their companies. Data and transparency go hand in hand; once we know where we are, we can more effectively set a strategy to grow. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some Tesla stock options awarded in a 2018. Pam is routinely called on by companies and government agencies of various sizes to investigate internal complaints by . A growing body of research affirms the direct link between diversity in leadership and improved business performance. 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 . 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. Never has a record seemed so sad and motivating, all at the same time. Offers may be subject to change without notice. To quantify diversity and inclusion, Measure Up looked at 14 key metrics, such as salary gaps by race and gender, the number of female employees and managers, and the percentage of minority employees, managers, and board members. CEOs must recognize that these are not sector-specific risks. You can unsubscribe at any time using the link in our emails. In 1999 he was followed by Fannie Maes Franklin Raines, who was eventually ousted after the 2008 mortgage crisis. Oracle did not respond to a request for comment. More specifically, 11.8% of board seats in 2020 went to minority men, and 5.7% went to minority women. 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 More than 7,000 organizations worldwide including Comcast, Cond Nast, H&M and over 50% of the Fortune 500 rely on the Databricks Lakehouse Platform to unify their data, analytics and AI. This Fortune 500 CEO eList and analysis is sourced directly from our BI PRO platform. 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. 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. An overview of Fortune 500 diversity offers a snapshot of how diversity efforts are playing out at some of Americas most influential companies. Norways sovereign wealth fund, the worlds largest, called on its portfolio companies toset targets for gender diversity on boards. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. There are 25500 rows representing 51 (years) sets of 500 (companies). Posted: December 02, 2022. . Elon Musk, Tesla: $23.5 billion. Female and male CEOs have very similar overall quality scores, with both genders scoring around 70. Two Black women were among the group. This year, CEOs have a key opportunity to take bold action in line with this new playbook: theGenerationEqualityForum. In fact,the majorityof business leaders get it. And dont just take my word for it. No, of course not.. In 2021, TIAA ranked No. Benefits also extend to talent recruitment and retention, customer service, and social responsibility initiatives. 55 Women are only 7 percent of top executives in the Fortune 100 companies. By the end of 2019, a great increase in female management roles worldwide has surfaced. The following chart shows the average headshot quality score of the 37 female CEOs and 467 male CEOs in the Fortune 500. This year, Nadella was voted the most underrated CEO for the sixth consecutive year, according to the survey behind Fortunes Worlds Most Admired Companies. Compensation Your salary last year was around 10 million. 55 votes, 31 comments. Image:Unsplash/ Mateus Campos Felipe, .chakra .wef-1vg6q84{font-weight:700;}Data Journalist, Statista. TIAAs (then TIAA-CREF) Dr. Clifton R. Wharton, Jr. was the first in 1987. That, said Dr. Kira Banks, leaves too many people on the bench when its time to increase corporate diversity and retention. Many are speaking out. In 2021, no CEO or corporate director should need to be convinced of the business case for gender-balanced and racially diverse leadership teams. 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? 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. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. 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. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. 16.0m members in the dataisbeautiful community. 31.5% of all chief executive officers are women, while 68.5% are men. The company, which ranked 14 on this year's 500, also grappled with a chip shortage that challenged Xbox game consoles. Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. Databricks is headquartered in San Francisco, with offices around the globe. Founded by the original creators of . Why do recycle rates matter? 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.. 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. Global GDP could suffer$1 trillion in losses by 2030if nothing is done to address the pandemics regressive effects on womens employment alone. What is the Great Breakup and why are so many women leaders quitting? We've confirmed 25 CEOs are new to their role to kick-off 2021. Powered and implemented by Interactive Data Managed Solutions. 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. The Most Powerful Women team reported on Wednesday. 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. She became co-CEO with Mark Hurd in 2014. However, women and other minorities continue to climb the career ladder. 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 . 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 January Xeroxs Ursula Burns, who became the first black woman CEO on the list in 2009, stepped down from her post. The percentage of S&P 500 directors from underrepresented racial/ethnic groups is only 22% and has not increased since 2021. Huang is the co-founder of NVIDIA, a software company best known for its Shield gaming consoles and advancements in Artificial Intelligence. Fortune Global 500 firms spend roughly $20 billion on corporate social responsibility per year. The number of Fortune 500 companies with greater than 40 percent diversity has more than doubled from 69 to 145 since 2012, according to the "Missing Pieces Report: The 2018 Board Diversity Census of Women and Minorities on Fortune 500 Boards," a multiyear study published by the Alliance for Board Diversity (ABD), in collaboration with Deloitte. 2022 Fortune Media IP Limited. In all, 20 African-Americans were Fortune 500 CEOs between 2000 and 2020, 18 men and two women (neither of whom was still in office in 2020). This increased rate of change, while encouraging, still requires, in some cases, decades more for the achievement of equitable gender and minority board representation. 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