Women Making Modest Progress Breaking into High-Paying Executive Jobs, Yet Still Face Barriers to the CEO's Office
BOSTON, March 29, 2023 /PRNewswire/ -- Newly released data from the Eos Foundation's Women's Power Gap report, Breaking Through to the Top: Diversity Among Executive Leadership at Massachusetts' Largest Public Companies, shows a modest increase in women's representation among the most highly compensated corporate executives**, from 10% in 2020 to 16% currently. But women remain notably stalled just before reaching the CEO's office.
- That is a 60% drop-off in women's representation from the number two to number one roles, according to the report.
- "These findings show a very steep 'final drop'," said Andrea Silbert, President of the Eos Foundation.
- "Slowly but surely, women are making their way to 'launch' roles, only to find the last step to the CEO's office out of reach.
- Women of color remain significantly underrepresented occupying only 4% of CEO roles, 5% of executive leadership team members, and 4% Named Executive Officers.