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New Female CEO At Fortune 500 Company, Only A Few Hundred More To Go

New Female CEO At Fortune 500 Company, Only A Few Hundred More To Go

The business world was abuzz this week with the news that IBM was appointing its first female CEO in company history.  Virginia Rometty will begin the new position in January of 2012, after years as the company’s head of global sales.

And with Rometty joining the ranks of the Fortune 500 CEOs, that brings the total number of women up to…

Eighteen.

However, we should be lucky that we’ve even got a handful of female CEOs, it appears.  According to Talking Points Memo, Rometty won the role in spite of her gender, IBM seems to be implying.

IBM was adamant that the decision wasn’t based at all on Rometty’s gender.

“It’s got zero to do with progressive social policies,” Mr. Palmisano told the Times.

“Given Ginni’s experience running the largest portion of the business by revenue, she was a logical choice,” said Macquarie Securities analyst Brad Zelnick, Reuters reported.

In other words, corporations are arguing that the fact that less than 4 percent of the countries 500 biggest businesses have females at the helm is just because really, there aren’t very many women good enough to lead them.

Allegedly, that mindset is changing.  In fact, the number of female CEO’s in all companies increased in just the last year — by .1 percent.

But just think, the tide is turning, right?  Maybe by the time my daughter is old enough to go into the corporate world, the Fortune 500 Women CEO list may be all the way up into the 20′s.

 
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19 comments

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6:33PM PDT on Oct 31, 2011

#girlpower!!!

9:11AM PDT on Oct 31, 2011

thanks for sharing

8:56PM PDT on Oct 30, 2011

thank you for this article :)

6:01PM PDT on Oct 30, 2011

Its amazing how many guys can look at the ratio of male CEOs to women CEOs, and then say there is gender equity!

5:59PM PDT on Oct 30, 2011

Its amazing how many guys can see such a ratio of male CEOs to women CEOs, and say there is gender equity!

2:56PM PDT on Oct 30, 2011

Why is it taking so long? Is it just that we're not interested in heading up dull companies in dull industries?

2:43PM PDT on Oct 30, 2011

thanks

1:55PM PDT on Oct 30, 2011

It is fair that many women qualify for CEO position in mega business (or small business). However I found many of them are very aggressive on their day-to-day communication and execution. Perhaps in order to win their competition, they are already either direct or indirectly changing themselves to "fit" the environment. I believe the” fit" and the”environment” is not healthy in the first place.

1:20PM PDT on Oct 30, 2011

I think that if you are qualified for the job then you deserve it. It shouldn't matter your sex or your race. I think its crazy that people still believe that women are not qualified enough to run companies. I'm offended that men like to think we play the victims. I want to make it clear that I am not a victim but there is a probably that because I may have the possibility of being pregnant being a factor in whether I get a job or not is old fashioned and disgusting. It should be on merit and merit alone.

11:35AM PDT on Oct 30, 2011

Hopefully more companies will follow their lead!

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Disclaimer: The views expressed above are solely those of the author and may not reflect those of
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Lindsay Spangler Lindsay Spangler is a Web Editor and Producer for Care2 Causes. A recent UCLA graduate, she lives in... more
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