The sacking of Jill Abramson as editor of The New York Times has brought attention to a recent study by Strategy&, the mongo-consulting firm formerly known as Booz & Company.
The study examined data about CEOs at 2,500 public companies, not all of them American. It found that over the past 10 years, 38 percent of all women CEOs were forced out of their job while 27 percent of men were. Wow.
Women CEOs are also more likely to be hired from outside the company than men, 35 percent of women versus 22 percent of men. The report says:
“That women CEOs are more often outsiders may be an indication that companies have not been able to cultivate enough female executives in-house.”
Yep, just maybe.
Women were just 3 percent of all new CEOs in 2013. The U.S. and Canada have the highest percentages of women CEOs, 3.2 percent.
The Abramson post-mortems have also focused on the idea of a “glass cliff.” The glass ceiling is the idea that there is an invisible ceiling to how high women can progress in organizations; the idea of the glass cliff is that organizations are more likely to turn to women and minority leaders when they are in trouble. A paper that studied CEOs of Fortune 500 companies over the past 15 years found this to be true.
Whatever the real story is over at The New York Times, the Twitterverse is on fire with reaction.
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