NEWS AND INSIGHTS UPDATE:
For the past eight years, UC Davis Graduate School of Management has conducted a census of women directors and highest-paid executives at the 400 largest publicly held corporations headquartered in California. Unfortunately, the statistics in the 2012 census, which was released earlier this week, shows that the gender gap is just as big today as it was nearly a decade ago.
Key findings from the 2012 UC Davis Study of California Business Leaders include:
- Just one out of nine corporate directors and highest-paid executives in the top 400 California companies are women.
- Only 13 of the 400 largest companies have a woman CEO.
- No company has an all-female (nor gender-balanced) board and management team.
- Nearly one out of two (44.8%) of the top 400 companies in California have no women directors and just one out of three (34%) have only one woman director.
- Apple, Google, Intel, Cisco, Visa, eBay, DIRECTV, Yahoo!, and PG&E had no women among their highest-paid executives at fiscal year-end.
Industry-specific and geographical highlights from the study include:
- Among counties with at least 20 companies, San Francisco County has the greatest percentage of women directors (16.3 percent) and Orange County has the least (8.7 percent). Alameda County has the most highest-paid women executives in the study, with 14.4 percent highest-paid women executives working there.
- By industry — firms in the semiconductor and software industries and those located in the Silicon Valley tended to include fewer women on the board and in highest-paid executive positions. Firms in the consumer goods sector had the highest average percentage of women directors and highest-paid executives.
- The 128 Silicon Valley (Santa Clara county) companies, which represent $1.2 trillion, or nearly half the shareholder value of the companies on the list, again showed the worst record for percentage of women executives. Only 6.6 percent of their highest-paid executives are women, and only 8.4 percent of Silicon Valley board members in our study are women.
You can see all the details and download the complete report by following the link below.
Get the details: 2012-2013 UC Davis Study of California Women Business Leaders – UC Davis Graduate School of Management via gsm.ucdavis.edu