Economic Woman

Econometrics, gender, equity and more.

Posts Tagged ‘women in business

Wall Street is a bumpy ride for women

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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.)

Written by Allison

24 June 2008 at 10:29 am