And according to Harvard Business Review,females in the workplace also face much more discrimination if they dont get along with the boys.. According to the report, Johns outnumber women among Democratic governors and Republican senators. Heres how to get health coverage again, which also supports abortion-rights organizations, After years of delays, Tesla builds its first Cybertruck, Once-mighty Canopy Growth loses billions as dream of pot riches runs into reality of oversupply and overspending, Stocks are riding a wave of optimism as U.S. inflation recedes, but there are dangers lurking, He paid off five figures of student debt by selling books, Heres how many Diet Cokes youd have to drink daily to get too much aspartame. Theres a lot happening in the world. By that metric, women are still behind. Harvard Business Review says this proportion of large U.S. companies has CEOs named John compared with 4.1 percent that have CEOs who are women. Turning to Congress, there is a partisan divide in the Glass Ceiling Index. Some common name variants are condensed; Democratic senators includes independent senators who caucus with Democrats. Source: S&P Global Market Intelligence Quantamental Research. Sources: United States Senate (senators); U.S. House of Representatives and Rutgers Center for American Women and Politics (representatives); Fortune 500 (chief executives); National Governors Association (governors); whitehouse.gov on April 23, 2018 (cabinet); The Chronicle of Higher Educations 2015 executive compensation database (private college presidents); Federal Judicial Center, April 2018 (judges); IMDbPro's Box Office Mojo (directors); Alliance for Audited Media (newspapers and magazines); Forbes Midas List (venture capitalists); MacArthur Foundation (2017 MacArthur fellows). The Bay Area claims to be the most progressive modern place on Earth, but there are more CEOs named John than the total number of female CEOs. Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens. Overall, U.S. companies do well on gender balance with an average of 40% female employees and 60% male employees, the authors wrote. You can do so here. We did not include acting officials (those who weren't yet confirmed) in our analysis of cabinet members. . EIN: 41-0953924, congratulations. Men at the top are more likely to mentor and promote people like themselves. (The company has not updated its count of board members with particular names.). Among chief executives of S.&P. More CEOs named Jeff than women CEOs and other fun stats This data is part of theTimes Glass Ceiling Index, which launched in 2015 as a marker of gender equality (or lack thereof) in American industries. /marketintelligence/en/news-insights/research/changepays-there-were-more-male-ceos-named-john-than-female-ceos Even the index for Democratic politicians and cabinet members remains more than twice as high as the benchmark for the population as a whole. There are more CEOs named John than female CEOs in total? Just 22.3% of CEOs are women. 1500, less than the share of board seats held by men named John, Robert, James and William. ACN, In the NYT article published on March 2, Justin Wolfers viewed the study as an indicator of the glass ceiling that exists for women in the upper echelons of corporate America. Today, no single male name matches the record 41 women who lead S&P 500 companies, according to a new analysis from Bloomberg based on CEO first names in the benchmark index from 2015 to 2023. An earlier version of this article, and an accompanying chart, gave an incorrect ratio for the number of Jims, Bobs, Jacks and Bills to women in the American population. Out of a total of 2,358 executives on executive committees, 610 are women, and 25 companies have no women on their executive committee. Twenty-five Fortune 500 CEOs are women, while 23 are named John. In the U.S., this is known as the John problem: There are more CEOs named John leading Fortune 500 firms than women CEOs. Diversity? : r/facepalm - Reddit They account for almost 51% of the workforce, and yet, there are more CEOs named John than female CEOs. 1500 companies. But they tied with James the following year and didn't really break free from the men until this past year, when ten new women joined their ranks, including Jennifer Rumsey, CEO of truck-engine. The U.S. has a John, Robert, Michael, William and James problem. And that is the foundation of a healthy, inclusive environment.. Focus On Results Not Hours In the Seat | TLNT An earlier version of this article misstated the percentage of people who are named John. Major Publishers Are Reportedly Creating a Coalition Against AI, Richard Bransons Virgin Galactic Completes 1st Commercial Spaceflight: Photos, Pivots to Video: National Geographic Cuts Staff Writers. Recognizing the root of the problem is necessary for change. MARGOT SANGER-KATZ Just 20% of boards have gender balance and some 22.3% of boards are ALL men. Cricket live Fewer women run top Australian companies than men named John or Peter, or David By Matt Liddy and Catherine Hanrahan Posted Tue 7 Mar 2017 at 11:31am, updated Tue 7 Mar 2017 at 2:12pm Help keep family & friends informed by sharing this article abc.net.au/news/fewer-women-ceos-than-men-named-john/8327938 Women, on average, earn $26,596 less than men each year. Work Shift: Women CEOs (Finally) Outnumber Those Named John Its goal is to drive diversity and inclusion in early-stage investments. Consider trying out some of these dining experiences in Of note: Johns make up 3.27% of the U.S. population; women comprise more than 50%, as the New York Times pointed out back in 2018. It also understates the impermeability of the glass ceiling. A male-to-female ratio of 19:1 for CEO and 6.5:1 for CFO, as of year-end 2018, exposes a persisting underrepresentation of females in key executive positions, despite recent advancements. That report yielded an index score of 1.03 for directors, meaning that for every one woman, there were 1.03 Jameses, Roberts, Johns and Williams combined serving on the boards of S.&P. Catch up fast: Women first outnumbered Johns in 2018, but by the following year there was a new name-nemesis: women tied with CEOs named James, Bloomberg reports. There are apparently more men named John in these professions than Copyright 2023 Newsday. But advertising revenue helps support our journalism. Data as of June 6, 2019. There are many reasons, but one issocialization. NYTimes.com no longer supports Internet Explorer 9 or earlier. Really? The number of chief executives named John a group that is overwhelmingly white is very similar to the number of female executives. There's way less Black and brown people in . A 59-year-old architect . Three years after the revival of the #MeToo movement, 69% of S&P 500 companies now have an anti-sexual harassment policy that explicitly condemns workplace sexual harassment and gender-based violence, according to the report meaning 31% of companies do not have such a policy in place. The New York Times attributes the study, dubbed the Glass Ceiling Index, to a recent Ernst & Young report examining the prevalence of women in upper management workforce positions. The 2019 global average was 42%. The top scorer on Equileaps gender-equality rankings was General Motors Your donation today powers the independent journalism that you rely on. times more likely to be engaged in discussion. Despite room for improvement, the report notes, that share is substantially higher than the average of 255 European companies (48%) and of 208 U.K. companies (30%). Fewer women run top Australian companies than men named John. Or Peter I took a quick count of full professors in the top six economics departments typically thought to include Chicago, Harvard, M.I.T., Princeton, Stanford and Yale and discovered 1.12 Professors James, Robert, John or William for each female economics professor, suggesting that we are still a substantial distance from gender parity. #ChangePays: There Were More Male CEOs Named John than Female CEOs, Data collection the challenge for banks to meet ESG reporting rules, Raw ESG Data Powers Proprietary ESG Scoring Model, Governance: Taking a Close Look at the G in ESG, Focus on Indonesia: 2050 climate change scenarios show significant physical risk to datacenters. We excluded three currently vacant House seats from our analysis. We treat our boys very differently than our girls, and despite early successes, once women reach the workforce, the way we were socialized in school holds us back. Our index was inspired by a 2015 report by Ernst & Young, which found that women made up 16 percent of board members of companies on the S.&P. After all, most companies understand that an all-male board looks bad, and so most of them appoint at least one woman, although only a minority bother to appoint more than one.. Yes, but: When economist Justin Wolfers first noted that Johns outnumbered women CEOs back in 2015, he compiled what he called the Glass Ceiling index looking at the ratio of men named James, Robert, John or William to all women CEOs. There are still more CEOs named 'John' than female CEOs." Studies suggest that rather than addressing the White males' feelings of oppression, society tends to minimize it because men are still at the top of the food chain socially, politically and economically. As evidenced by the very existence of the . You assume correctly that I'm in the US, and the idea of it being male dominated wasn't an accident. -1.82%. K, Among. Males are subdivided by those named John versus not named John. Even as this ratio falls short of the score among chief executives, it remains astonishingly high. Fewer Democratic governors are women than men named John. This story accompanies the multi-part May issue cover story, Women at Work. Click here for a free subscription. The performance of firms that have made female appointments to their CEO and CFO positions offers evidence that female executives have outperformed, relative to their male peers. Roberts, Jameses, Williams, and Michaels. Most little girls do . The United States, which has never had a female president, has had six named James, five named John and four named William. content Thirteen percent of companies have a woman CFO, the report said, while nearly eight in 10 companies have no women at the board chair, CEO or CFO level. Texas has recently been named the best state for women entrepreneurs based on several scoring categories. A New York Times study earlier this month, shed a light on the glass ceiling in a new way. If your name is John, Robert, James or David then you are in luck. Bill Chappell. Every single industry in Australia has a gender pay gap that favours men, and the gender pay gap increased in 8 industries. And in the past 25 years, the wage gap has been bridged by a mere $.07. It struck a nerve and merited a follow-up piece a few years later, which expanded the analysis to government and academic circles. Women entered the modern workforce in mass numbers nearly 50 years ago. Did this change pay? Our lists of names come from different organizations. What is the difference between a president and a CEO? Follow him on Twitter at @justinwolfers. The New York Times' data journalism venture The Upshot reported Monday there are more CEO's named "John" at S&P 1500 companies than there are women CEOs. Roughly 3% of the population is named John. The Glass Ceiling Index is a fun but quite imperfect way of measuring the permeability of the glass ceiling. Forty-one percent offer flexible hours, while 20% offer flexible locations. John? The score in the House is slightly less unbalanced, but there are still 1.36 Jims-Bobs-Jacks-Bills for every woman. It took until 2018 for the TOTAL number of women CEOs to exceed any single male name CEO in the S&P 500. #ChangePays: There Were More Male CEOs Named John than Female CEOs Bloomberg Wall Street Week, hosted by David Westin, is a reinvention of the iconic Wall Street Week, which aired on PBS for over 30 years and was hosted by late financial journalist Louis Rukeyser. Kelloggs Likewise, within the executive branch, President Obama has appointed Secretary (John) Kerry and (Robert) McDonald, but theyre still outnumbered by six women, yielding an index score of 0.33. Men Named John Outnumber All Women in Most American Industries Australia's gender pay gap was 22.8%, unchanged from 2021. According to a recent report by The New York Times, more leadership roles at S&P 1500 are filled by men named John than all women, with a ratio of roughly four male CEOs named John to every woman as a chief executive. There Are More CEOs Named John Than All Women CEOs Combined [vc_row][vc_column][vc_column_text]There are more CEOs named John than there are female CEOs. The ratio of men named John, James, Robert or William compared to the entire U.S. women population is only 0.12. There are even more Jameses. These comparisons come from our updated and expanded Glass Ceiling Index, in which we counted the women and men in important leadership roles in American life including politics, law, business, tech, academia, film and media. The latest batch of data was released today. Women also face double standards: People in power need to be assertive and ambitious, but women are often criticized for acting that way. "It's not . When boys shout out an answer in class, they are eight (not a typo - EIGHT!) Far fewer of these large firms currently one in 25 are run by a woman serving as C.E.O. There are fewer women in the workforce today than there have been since 1988, Cindy Solomon, founder, CEO and president of the Courageous Leadership Institute, shared in her keynote speech at the Women Leading Travel & Hospitality Roundtable in Dallas earlier this month. We want to hear from you, so send ideas, tips and feedback to mboyle20@bloomberg.net. Even if a few names were different, the ratios would remain similar. Girls are held to a stricter standard of politeness. Also read: Women have made gains in the C-suite, but they still face one critical broken rung on the corporate ladder, Weve focused on driving gender diversity at all levels and being an employer of choice for women, added Sandra Sims-Williams, Nielsens SVP of diversity, equity and inclusion, in an emailed statement. To read our full stories, please turn off your ad blocker.We'd really appreciate it. By clicking Sign up, you agree to our privacy policy. Similar claims can usually be made in the U.S., by the way, for Roberts, Jameses, Williams, and Michaels. Over two-thirds of the companies do not have, 15% have entirely male executive committees, Companies with executive committees that are more than 1/3rd female have net profit margins. Kenya provides a variety of exceptional dining experiences that are certain to enhance your journey. July 12, 20232:30 PM ET. Only a tenth of mortgages have an interest rate above 6% thats a big problem for the U.S. housing market, My mothers will leaves everything to her 3 children. That telling statistic framed the DisruptHR talk by Tami Forman on how employers can go about "Making Space for Moms." Despite the title, it would be a mistake to think Forman, executive director at Path Forward, was only about working mothers and mothers who wanted or had to work. Firms with female CEOs and CFOs have produced superior stock price performance, compared to the market average. Justin Wolfers, an economist and an Upshot contributor, looked at various categories and calculated the ratio of women to men who had four of the most common male names. About 14% of companies offer 14 weeks or up, as recommended by the International Labor Organization. Countless studies and articles disclosing the true facts of gender inequality have been released in light of International Women's Day. Copyright 2023 MarketWatch, Inc. All rights reserved. According to aNew York Timesanalysis, there are almost as many men named John in American leadership roles as there are women. Fewer Women Run Big Companies Than Men Named John 2015: There were The Top Jobs Where Women Are Outnumbered by Men Named John Theyre also less likely to be mentored by (mostly) white male executives, especially in the #MeToo era. Women CEOs Finally Outnumber CEOs Named John - Ms. Magazine Female Participation Rate for Chief Executive Officer Positions. Fewer women leading FTSE firms than men called John Prosecutors allege that Rex Heuermann, a 59-year-old architect, murdered at least three women whose bodies were found on Long Island's Gilgo Beach more than a decade ago. John is the second-most popular mans name in the United States, with more than 5.2 million people with that name, according to Parenting.com. When it comes to Fortune 500 CEOs, there are 25 women and 23 men named John, but men named James . Minimum wage gets a mini increase in some states, In Beijing, Yellen aims to get U.S.-China relations back on an even keel, As extreme heat lingers, millions of U.S. households face a utility shutoff crisis. NYT: More Men Named John Than Women Running Big Companies - RTTNews It's just that she's declared the liberal version of feminism failing, citing a 2013 YouGov poll showing that only 23 . If your name is John,congratulations. Justin Wolfers is a senior fellow at the Peterson Institute for International Economics and professor of economics and public policy at the University of Michigan. Who cares what CEOs think about the economy? Just 6% of S&P 500 companies have a woman CEO, according to a new report assessing the countrys top public companies on measures of workplace equality as of this past March. And, yes, it's true: there are more large companies run by men named Jeff and John than by women. A new study reveals that more large companies in the U.S. are run by men with the names John, Robert, William or James than the total number of women CEOs. There are more women than men among the editors of the largest magazines by circulation. The message is clear: boys should exercise dominance, get messy, try, and try again. We rely on your financial support to keep making that possible. Those are 8 different names there. Figure 1. While theTimesanalysis didnt strictly focus on race, it included some sobering statistics on the topic. Most are current, but a few have time lags based on when data was collected. Women in the Workforce Increase Business Profitability - Payscale They account for almost 51% of the workforce, and yet, there are more CEOs named John than female CEOs. Female CEOs drove more value appreciation and improved stock price momentum for their firms. The Johns were in second place by year-end 2016, but not by much. 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Some films listed more than one person as their director. In fact, in the FTSE 250 (where 97% of CEOs are men), there are more CEOs named John than female CEOs. There are more CEOs named John than there are female CEOS of any name, A to Z. There have been six Commanders in Chief named James, five named John and four named Williambut, of course, no women. Welcome back to Work Shifts weekly newsletter. If we closed the wage and participation gaps so that women participated in labor markets at the same rate as men, it would add $28 trillionor 26%to the global economy by 2025, according to McKinsey.