Even though women constitute 40% of all executives and administrative posts (up from 24% in 1976), they are still restricted mostly to the middle and lower positions, and the senior levels of management are almost entirely male domains. A 1990 study of the top Fortune 500 companies by Mary Ann Von Glinow of the University of Southern California, showed that "women were only 2.6% of corporate officers (the vice presidential level up)." Of the Fortune Service 500, only 4.3% of the corporate officers were women - even though women are 6l% of all service workers.
Even more disturbing is that these numbers have "shown little improvement in the 25 years that these statistics have been tracked". (University of Michigan, Korn/Ferry International). What this means is that at the present rate of increase, it will be 475 years - or not until 2466 before women reach equality with men in the executive suite.
This scenario is not any better on corporate boards. Only 4.5% of the Fortune 500 industrial directorships are held by women. On Fortune Service 500 companies, 5.6% of corporate directors are women. The rate of increase is so slow that parity with men on corporate boards will not be achieved until the year 2116 - or for 125 years. (The Feminist Majority Foundation News Media Publishing Inc., 1995)
In 1980, only one woman held the rank of CEO of a Fortune 500 company. This woman came into the top management by inheriting the company from her father and husband. In 1985, this executive was joined by a second woman who reached the top - by founding the company she headed.
Even though the newspapers are reporting that women have come a long way and are successful in the corporate world, women are banging into a "glass ceiling" that is "so subtle that it is transparent, yet so strong that it prevents women from moving up the corporate hierarchy". (Ann Morrison, The Feminist Majority Foundation and News Media, Inc, 1955)...
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