'One of the reasons female CFOs may be outperforming their male peers is because they’re held to a higher standard.' Via business
Within the first 24 months of appointing female CFOs, companies saw, on average, a 6% increase in profits and an 8% better stock return, compared to performance under male predecessors. These women brought in $1.8 trillion of additional cumulative profits, according to a study by S&P Global Market Intelligence. The researchers looked at 6,000 companies on the Russell 3000 over the last 17-years.
“The bar is a little bit higher for females,” he said. “The result is that the male group that is a contender for an executive position is a little over-fished, and the female contingent is under-utilized.” Men outnumber women in the CFO job by about 6.5 to 1, the study found.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Secret video of female college athletes posted on porn website, police sayFemale athletes were secretly recorded inside a locker room of a small South Carolina college and the video was uploaded to one of the world's largest porn sites, officials said.
Read more »
Astronauts to make history with 1st-ever all-female spacewalkNASA astronauts Christina Koch and Jessica Meir will make 'HERstory' with the first all-female spacewalk.
Read more »
NASA astronauts International Space Station first all-female spacewalk
Read more »
The first all-female spacewalk happens todayNASA astronauts Jessica Meir and Christina Koch will conduct the first all-female spacewalk outside of the International Space Station. The spacewalk will begin at 7:50 a.m. ET and last for about five or six hours.
Read more »