Female CEOs More Likely To Get Fired
(NEW YORK) – Female CEOs are still a rarity in the workforce, with just three percent of women reported in this year's incoming class. While the number is increasing slowly but surely, more female CEOs are fired compared to men, according to a study from consulting firm Strategy&.
Among CEOs leaving office over the past 10 years, a higher percentage of women (38 percent) have been forced out, compared to 27 percent of men. Still, the study found female CEOS differ from their male peers in that they are hired from outside the company.
The turnover and incoming class report, which uses information from 2,500 public companies, also highlighted areas in which females lead. Companies in the United States and Canada have had the highest percentage of women CEOs at 3.2 percent, and those in Japan had the lowest, with 0.8 percent.
There's a positive outlook for women in supervisory roles, according to the study. Over the last 10 years, 75 percent more women were in the incoming classes compared to those outgoing. Experts at Strategy& also predicted that females will make up about a third of new CEO appointments by 2040.
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