It took until 2018 for the TOTAL number of women CEOs to exceed any single male name CEO in the S&P 500. So, the fact that it now takes two male names to equal the total number of female CEOs is actually progress. With that said, we are still a LONG way from where we should be.
The one bright spot is that there are 10 more women CEO’s in the S&P 500 than there were a year ago. Which is the biggest jump we have ever seen! But even at this pace, it would still take another 21 years for the S&P 500 to be evenly split between male and female leadership.
In case we offended any Johns or James who are reading this, we are not trying to pick on you. Why do we care about names?? It helps put the extreme gender leadership inequality into perspective.
We are hopeful that this gender imbalance will change in the near future and all forms of diversity will be prevalent at the highest levels of leadership. If you are a woman who is looking to take on a leadership role, GO FOR IT. Don’t let anything stand in your way. Your actions will serve as a role model for countless people who will follow your example. And one by one the egregious imbalance of female CEOs will become a thing of the past.
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
-Vivi & Shane
