According to a study by The Corporate Library, a corporate governance research firm, the gender pay gap is alive and well among CEOs just as it is in the rest of company ranks. A new study by The Corporate Library reports that in 2008 female CEOs in the U.S. and Canada earn just 85% of what male CEOs earn.
What’s strange is that women CEOs get higher base salaries (103% of median male salaries), but when stock options, etc. are added in, male CEOs take the lead by upwards of 15%.
These results are only slightly different than the statistics related to the gender pay gap for women overall who were reported to make about 79% of what men made as full-time workers in 2007.
The debate is still open among experts and The Corporate Library as to why the disparity in pay exists. What do you think?