ONE WOULD think that women chief executives were flooding American corporations, judging from the constant press about the needs, desires, whims, career advice and amazing, totally breathtaking and awesome accomplishments of female CEO’s, such as the darling of the business world, Marissa Mayer, above, who recently returned to work as CEO of Yahoo just two weeks after giving birth to her first child at the age of 37. One would even think, given the press, that women make better top executives than men. A recent issue of Fortune magazine actually made this claim and it has been repeated elsewhere, most notably by EU bureaucrats who want to mandate that 40 percent of all directors of European corporate boards be women. There is a pervasive myth that female-headed companies are more stable and better-performing, a conclusion that not only flies in the face of the documented history of free enterprise but cannot possibly be proven given the low numbers of women at the top. For despite decades of celebration of women in business and decades of pressure to discriminate in favor of women, they still occupy less than four percent of CEO positions in Fortune 500 companies. This year, the total is 18 out of 500. According to the research firm Catalyst, women occupy about 14 percent of executive officer positions in all companies and the figures in general for women in corporate leadership have not risen in six years. Six years! Six years of glowing encomia to women executives.
The truth is, it is not possible to draw any conclusions about the comparative performance of women executives except the obvious one: There aren’t many women at the top. All the profiles of glamorous CEO’s such as Ginni Rometty, of IBM; all the breathless stories about whether Marissa should have left her son so soon and all the aggressive affirmative action in favor of women haven’t made that much difference. Women are still interesting novelties in the chief executive suite, and everyone wants to know how they do it because everyone knows, though no one will say it, that women will aways be anomalies at the top. Barring some dramatic and overwhelming revolution in human nature, women are not as competitive, or as comfortable in positions of authority, as men. They do not wish to make the grueling climb to the top. Everyone knows this, except, of course, feminists, who claim that women are still discriminated against or lack “sponsorship” or “on ramps and off ramps.” Many millions in consulting fees have gone into various forms of flexibility and “on ramps and off ramps” for women in business but these efforts have not changed much at the top. What they have done is keep the tantalizing dream alive that women can have everything. What they have done is create positive discrimination against men and a stifling fear of offending feminist groupthink. What they also have done is create a culture in which fewer and fewer women can find men to support them so that they can do what they want to do most.
By the way, in case you were wondering, Mayers has named her son, Macallister. She asked for suggestions for a name on social media after he was born. One wonders how Macallister will feel years from now when he digs into the archives and finds that his mother bragged that she would only be taking a week or so off from work after he was born and that the above cover photo appeared when she was nine months pregnant.
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