Female CEOs Earn Much Less Than Their Male Counterparts
By Jack Corrigan
We ranked the highest-paid female CEOs, and found that their earnings pale in comparison to male executives.
For women, the "glass ceiling" in the workplace remains very much intact.
Differences in profession account for much of the wage gap -- men tend to dominate high-paying industries like tech and finance. But even when comparing people in similar jobs, PayScale found that women still earn about 2.7 percent less than men. For women in executive positions, that pay deficit increases to 6.1 percent.
In the executive world, women not only make less than men, but they're also significantly underrepresented. Only 22 of the companies in the S&P 500 and 21 in the Fortune 500 are led by women. That's just over 4 percent for both sets of firms. The disparity doesn't shrink much when looking at corporate America as a whole.
To explore the wage gap in the uppermost circles of the business world, Graphiq corporate research site FindTheCompany ranked the 25 highest-paid female CEOs of 2015 using data from Securities and Exchange Commission. Their earnings range from just over $5 million to nearly $36 million.
Measuring what CEOs earn goes beyond looking at salaries -- top executives are commonly paid with restricted stock awards, bonuses, security options and other forms of compensation. In its ranking, FindTheCompany took into account all of these payment methods. The list is limited to women who were still serving as the company's CEO in July 2016.
While the women on the list all raked in staggering sums of money, their compensations fall well short of what their male counterparts earned. Only the top two women on the list, Yahoo's Marissa Mayer and Lockheed Martin's Marillyn Hewson, made it onto our overall ranking of the 25 highest-paid CEOs. The others were all men.
The median compensation for the 25 highest-paid female CEOs was $9.4 million. For the 23 men on the overall list, median pay stood at $36.2 million. That's more than what Mayer, America's top-earning female CEO, made in 2015.
Yahoo named Mayer CEO in July 2012, with hopes that she could reverse the decline of the one-time internet titan. She raked in roughly $25 million or more every year of her tenure, mostly in options and restricted stock awards.
But America's highest-paid female executive may soon lose her job. Verizon recently bought out Yahoo for $4.8 billion, with plans to merge the company into its AOL department. Mayer told employees she plans to stay, but even if she does pass on her reported $57 million severance package, she won't serve as the company's leader.
With Mayer leaving her executive post, the S&P 500 will lose one of its 22 female CEOs. She'll also drop from the list of the 25 highest-paid CEOs in America, leaving Hewson as the only woman in the ranking.
- Number of Bitcoin ATMs by Country
- AT&T Unveils New TV Streaming Service
- Alcohol & Sport: A Match Made In Heaven
- Plenty of Dough in Online Food Delivery
- Most Holiday Shopping Happens In December
- How Holiday Shoppers Decide Where to Buy
- E-Commerce Spending in Perspective
- Taxi Driver Earnings Compared To Uber
- Apple's First Annual Sales Decline in 15 Years
- How Apple's New Products Measure Up
- Bigger AT&T Is the Last Thing We Need
- Wells Fargo is Rotting from the Top Down
- The Stumpf Banking System
- Female CEOs Earn Much Less Than Their Male Counterparts
- The Highest-Paid CEOs
- The Most Valuable Public Company in Every State
- Is Tim Cook's Apple Past Its Peak?
- Companies That Might Disappear in 2017
- More Chobani Capitalism, Please
- Better Labels, Better Food
- The Big Banks Can Be Beaten
- Putting Free Speech Out to Pasture
- The 50 Best Investments
- China Closes the Innovation Gap
- Companies Stockpiling the Most Profit Overseas
- Oil's Downfall Aided by Rise of Fracking
- The Richest Banks
- Crime Can Pay if It's Big Enough
- The Good Food Movement Needs Science, Too
- How Buffett Became a Billionaire
- The Most Successful Companies Founded Since 1944
- Big Pharma Killed Medicine
- Corporate Power Doesn't Always Win
- Wall Street Should Pay a Sales Tax, Too
Business: "Female CEOs Earn Much Less Than Their Male Counterparts"