Irene Rosenfeld rises to head the Financial Times’ list of the top 50 women in world business in a year defined by her decision to split Kraft Foods into two separate entities.
António Horta-Osório, spent less than a year in the chief executive’s hot seat at Lloyds Banking Group before caving to the pressures of the job and taking time off. He is not the first, nor will he be the last, starry boss to suffer from “extreme fatigue”.
A flair for networking is often cited as one of the critical skills required for ambitious professionals. But some argue that women are less adept at this dark art than men.
“Any CEO who ignores the 42 per cent increase in sales [that diversity can provide through better corporate performance] should be shot,” Lynne Featherstone, minister for equalities, said this morning. “It’s not about equality for equality’s sake. It’s about making your company better.”
A more ambitious generation of women are becoming frustrated at work and are more likely to be job hunting, a new survey from US think-tank, the Center for Work-Life Policy Study has revealed.
Much is written about achieving a work/life balance, particularly in the context of attracting women to the upper echelons of corporate life. In the run up to the FT’s ranking of the top 50 women in world business, I have been asking some of the highest-achieving women in the world whether it is possible to “have it all”.
Last week, 31-year-old Chelsea Clinton joined the board of internet giant IAC/InterActive Corp, the parent of Match.com and CitySearch. This has sparked a lot of interest from right-leaning op-ed columnists, bloggers and tweeters, who have been quick to throw up their collective hands in horror. Her appointment is easy prey to accusations of cosiness: Barry Diller, high-profile media mogul and IAC senior executive, is known to have supported both Bill and Hillary Clinton’s independent runs for the US presidency.
A new study by Hay Group, the management consultancy, reports that male non-executive directors in Europe’s largest companies are paid an average of 7 per cent more than female non-execs.
Meg Whitman, who was appointed chief executive of Hewlett-Packard on 22 September 2011, last week announced that she would be drawing a salary of only $1. Her severance package, meanwhile, is just $1.50. Contrast this with outgoing boss Leo Apotheker’s severance package, which is estimated at $13.5m. This is a man who has presided over a fall of 46 per cent – worth about $40bn – in his company’s share value during his 11-month tenure.
A new paper, published by the Ewing Marion Kauffman Foundation – the world’s largest foundation devoted to entrepreneurship – argues that women should be actively encouraged to start companies in greater numbers.