The Chicago 50 2013 Census Report from The Chicago Network reveals that it will take 71 years for men and women to have equal representation in the boardrooms and executive positions at Chicago’s 50 largest publicly-traded companies.
In 2013, the census found the total number of top women executive officers fell to 74, down from its peak of 94 set in 2005. The percentage of top women earners in 2013 also dropped—from 8.3% to 8.2%.
All news wasn’t completely discouraging though. The study also revealed that the number of women directors reached 91 in 2013, which is 16.9% of all directors in the Chicago 50. That’s the highest level since The Chicago Network began tracking the top 50 companies in 1998.
Some key statistics from the study follow:
- The percentage of all new women directors out of all new directors is 20.0% (up from 19.6% in 2012).
- The percentage of executive officer positions held by women fell to 14.5% in 2013 (down from 15.1% in 2012 when the percentage actually increased).
- The percentage of new women executive officers out of all new executive officer positions that became available was 15.3% (down from 17.2% in 2012).
- The number of companies in the Chicago 50 with no women directors stayed the same in 2013 as 2012 at four.
- The number of companies in the Chicago 50 with no women executive officers stayed the same in 2013 as 2012 at nine.
- The number of companies in the Chicago 50 with no women directors and no women executive officers stayed the same in 2013 as 2102 at two.
- Two-thirds of the Chicago 50 have no women in the ranks of their top wage earners.
- Four of the Chicago 50 CEO positions are held by women, which is the highest number in the history of the Census.
- Of companies supplying the information, 17.2% of women directors are women of color (down from 17.4% in 2012).
- Of companies supplying the information, 17.1% of women directors are women of color (up from 14.7% in 2012).
Companies that performed particularly well with the highest percentage of women directors, executive officers, and top earners include Kraft Foods Inc. (now Mondelez International), which has been on the list since 2007, Ingredion Incorporated, CDW Corporation, Discover Financial Services, and Jones Lang LaSalle Incorporated.
You can follow the link to access the complete study report, and take a look at the infographic below for the highlights. Just click the infographic to view it at full size at the source.
Via: The Chicago Network
Susan Gunelius
Susan Gunelius is the Founder and Editor-in-Chief of Women on Business. She is a 30-year veteran of the marketing field and has authored a dozen books about marketing, branding, and social media, including the highly popular Ultimate Guide to Email Marketing, 30-Minute Social Media Marketing, Content Marketing for Dummies, Blogging All-in-One for Dummies and Kick-ass Copywriting in 10 Easy Steps. Susan’s marketing-related content can be found on Entrepreneur.com, Forbes.com, MSNBC.com, BusinessWeek.com, and more. Susan is President & CEO of KeySplash Creative, Inc., a marketing communications company. She has worked in corporate marketing roles and through client relationships with AT&T, HSBC, Citibank, Intuit, The New York Times, Cox Communications, and many more large and small companies around the world. Susan also speaks about marketing, branding and social media at events around the world and is frequently interviewed by television, online, radio, and print media organizations about these topics. She holds an MBA in Management and Strategy and a Bachelor of Science degree in Marketing and is a Certified Professional Career Coach (CPCC).
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