If you're a woman and you want to be a CEO, you should probably think about changing your name to "Jeffrey" or "Michael." Or possibly even "Michael Jeffreys" or "Jeffrey Michaels."
According to Fortune, last year, more men named Jeffrey and Michael became CEOs of America's top companies than women. A whopping total of one woman became a CEO, while two men named Jeffrey took the title, and two men named Michael moved into the C-suite as well.
The "New CEO Report" for 2018, which looks at new CEOS for the 250 largest S&P 500 companies, found that 23 people were appointed to the position of CEO. Only one of those 23 people was a woman. Michelle Gass, the new CEO of Kohl's, was the lone female on the list.
The amount of new female CEOs has slipped since the previous year. In 2017, two women became CEOs of a major corporation - Gail Boudreaux at Anthem and Geisha Williams at PG&E. But then again, women aren't occupying the C-suite as much as men, period. In the past five years, just nine out of the 134 new CEOs have been women. Currently, women are about 25 percent of America's executive talent, Fortune reports.
Women aren't groomed to hold the position of CEO the way men are, which could account for the scarcity of female CEOs. Marc Feign, the founder of Feign Advisors LLC who conducted the survey, says that women with strong potential aren't on the radar the same way men are. "Companies think about CEO succession three to five years out," Feign said, "yet they fail to develop a deep pool of female candidates who'd be ready for the top job in that short time-frame."
Feign also chalks it up to good old-fashioned gender bias. "You also can't underestimate hidden bias by male bosses, who wrongly convince themselves that women won't have the drive necessary to succeed in key jobs running a P&L," he said.
Fortune notes this needs to change. "The tradition-bound succession process needs an upheaval, an all-out campaign to bring female talent to the top," the magazine wrote. Women with potential should receive more nurturing and guidance in their careers. And maybe it won't be so lonely for women at the top.
- A spice company CEO took a stand against bigotry. It turned out to ... ›
- New Poll: Women Are Biased Toward Thinking They Aren't Equal ... ›
- The story behind 7 of history's most successful women of business ... ›
- After she asked for a mental health day, a screenshot of her boss ... ›
- This tailoring shop breaks a gender barrier you might not have even ... ›
- Patagonia's CEO is donating company's entire $10M Trump tax cut ... ›
- A series of comics takes a look at the struggles of being a woman in ... ›
- 11 facts about women-run businesses that prove the future really is ... ›
- YouTube's CEO blasts that sexist Google memo in a powerful ... ›
- 9 high-profile CEOs who did positive things in 2015. - Upworthy ›
- How The 10 Highest-Paid Women CEOs Compare To Their Male ... ›
- Female CEOs Are 45% More Likely to Be Fired Than Male CEOs ... ›
- Why Most Women Will Never Become CEO ›
- Is There a Gender Gap in CEO Compensation? ›
- List of women CEOs of Fortune 500 companies - Wikipedia ›
- 5 Reasons The 'Best CEOs For Women' Are All Men ›
- Women CEOs still a rarity, but pay tops that of men ›
- Men vs women: CEOs in the Fortune 1000 - Information Age ›
- 2018's Fortune 500 companies have just 24 female CEOs ›
- What male CEOs are wearing - CNN ›