XY marks the spot

19 December 2017 By Jennifer Saba Follow @jennifersaba

Females hold fewer than a quarter of senior executive titles, new research finds. And it’s getting worse. The tsunami of harassment exposés makes the paucity of women in leading positions even more egregious. Without change at the top, it’ll be hard to fix the broader situation.

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Women occupy 23 percent of the most prominent C-suite titles at major U.S. companies, according to a study by executive-search firm Korn Ferry released on Dec. 18. That figure is down from 24 percent in 2016.

Korn Ferry analyzed the top 1,000 U.S. companies by revenue and titles CEO, CFO, CIO, CMO and CHRO across several industries including energy, healthcare, retail and technology.

By sector, the financial industry had the highest number of women in executive-level positions at 29 percent, while the services industry had the lowest at 20 percent.

Microsoft said on Dec. 19 it supports a bipartisan Senate bill that calls for the end of forced arbitration of sexual-harassment cases. Microsoft also waived its contractual requirement for arbitration of sexual-harassment claims for the limited number of employees who have the requirement.

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