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?
Susan Gunelius
Susan Gunelius is the Founder and Editor-in-Chief of Women on Business. She is a 30-year veteran of the marketing field and has authored a dozen books about marketing, branding, and social media, including the highly popular Ultimate Guide to Email Marketing, 30-Minute Social Media Marketing, Content Marketing for Dummies, Blogging All-in-One for Dummies and Kick-ass Copywriting in 10 Easy Steps. Susan’s marketing-related content can be found on Entrepreneur.com, Forbes.com, MSNBC.com, BusinessWeek.com, and more. Susan is President & CEO of KeySplash Creative, Inc., a marketing communications company. She has worked in corporate marketing roles and through client relationships with AT&T, HSBC, Citibank, Intuit, The New York Times, Cox Communications, and many more large and small companies around the world. Susan also speaks about marketing, branding and social media at events around the world and is frequently interviewed by television, online, radio, and print media organizations about these topics. She holds an MBA in Management and Strategy and a Bachelor of Science degree in Marketing and is a Certified Professional Career Coach (CPCC).
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