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A Swedish study reveals the stock and salary results between men and women in large American companies (S&P 500).
They represent 25% of managers. But only owns 1% of the shares. This is the conclusion of the new study by the Swedish gender data company ExecuShe. The female executives of the top 500 companies in the United States have no stock market power. “This means that male executives hold $770 billion in shares, where women have only 9,” says Andreas Hoepner, scientific adviser to the company and Professor of Operational Risk, Banking and Finance at the Smurfit Graduate School of Business, University of Dublin. “We found a power gap between the two genders,” he laments.
One of the factors that prevents the representation of female shareholders in these companies: the minority of female CEOs! According to the website Catalyst, there are only 33, or less than 7% – still within the S&P500. Some of the men, they put a significant weight in the balance, like Elon Musk, leader of Tesla, whose fortune is estimated at more than 200 billion dollars. But for Andreas Hoepner: “Even if we exclude the founders, CEOs and CFOs, the report does not improve that much. »
Women executives? 75% of a man’s salary at S&P 500 companies
In the steering, the gap is just as massive. Women leaders only have 25% of the shares, where women leaders have 75%. We can still observe an increase over the last few years. Salaries for female S&P executives rose more than 26% in 2021 compared to 2020, according to a report by Equilar.
According to analysts at equity management firm Morningstar Inc, women executives received 75% of the salary of a man in S&P companies in 2020, 8% less than the national average in the same year. There are still good students. In 2021, Pfizer pays women an average of 99.4% of what men earn, with the median at over 102%. We comfort each other as best we can.