Women In Buisness Essay

943 words - 4 pages

well done, and it was hard to do goodEven though women constitute 40% of all executives and administrativeposts (up from 24% in 1976), they are still restricted mostly to the middle andlower positions, and the senior levels of management are almost entirely maledomains. A 1990 study of the top Fortune 500 companies by Mary Ann VonGlinow of the University of Southern California, showed that 'women were only2.6% of corporate officers (the vice presidential level up).' Of the Fortune Service500, only 4.3% of the corporate officers were women - even though women are6l% of all service workers.Even more disturbing is that these numbers have 'shown littleimprovement in the 25 years that these statistics have been tracked'. (Universityof Michigan, Korn/Ferry International). What this means is that at the present rateof increase, it will be 475 years - or not until 2466 before women reach equalitywith men in the executive suite.This scenario is not any better on corporate boards. Only 4.5% of theFortune 500 industrial directorships are held by women. On Fortune Service 500companies, 5.6% of corporate directors are women. The rate of increase is soslow that parity with men on corporate boards will not be achieved until the year2116 - or for 125 years. (The Feminist Majority Foundation News MediaPublishing 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 herfather and husband. In 1985, this executive was joined by a second woman whoreached the top - by founding the company she headed.Even though the newspapers are reporting that women have come a longway and are successful in the corporate world, women are banging into a 'glassceiling' that is 'so subtle that it is transparent, yet so strong that it preventswomen from moving up the corporate hierarchy'. (Ann Morrison, The FeministMajority Foundation and News Media, Inc, 1955) Women can see the high-levelcorporate positions but are kept from reaching the top. According to Morrison(http//www.feminist.org/research/ewb glass.ntml.) and her colleagues, the glassceiling is not simply a barrier for an individual, based on the person/s inability tohandle a higher-level job. Rather, the glass ceiling applies to women as a groupwho are kept from advancing higher because they are women.Just as the overall labour market remains sharply segregated by sex,women executives are concentrated into certain types of jobs - mostly staff andsupport jobs - and these offer little opportunity for getting to the top. The highestranking women in most industries are in non-operating areas such as personnel,public relations. or, sometimes finance specialties that rarely lead to the mostpowerful top-management positions. It seems that women are shut out of jobs inthe route that is taken by CEOs and presidents and even when they do get a linejob it will more than likely not be in the significant part of the business or the typeof job...

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