Economic Woman

Econometrics, gender, equity and more.

Wall Street is a bumpy ride for women

with one comment

Jessica Wakeman writes about women on Wall Street as two high-profile female executives are fired. Despite the negative headline, it’s kind of a good news/bad news story. The bad:

They may make up 46% of the workforce, but women held only 15.4% of Fortune 500 corporate officer positions in 2007… According to Gail Evans, former executive vice president of CNN (TWC) and author of the book Play Like a Man, Win Like a Woman. “There’s so few women [that] when one of them gets fired [from an executive position], the percentage drops 10 percent.”

What’s the good news? The consensus is that these two executives deserved to be let go for straightforward professional reasons. And as far as I can tell, Wakeman is relieved that the coverage of the demotions wasn’t sexist:

The headlines were all about the Lehman firings, not about the “lady executive” getting the axe.

(Hat tip to Feministing.)

Advertisements

Written by Allison

24 June 2008 at 10:29 am

One Response

Subscribe to comments with RSS.

  1. Glad you appreciated the article!

    Amanda Beals/mainstreet.com

    Amanda Beals

    27 June 2008 at 3:17 pm


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s