| NEW YORK
NEW YORK Dec 13 Women saw little advancement
in pay and corporate boardrooms in 2010, extending a trend in
which companies have lagged in promoting women, a study
released on Monday shows.
"This is our fifth report where the annual change in female
leadership remained flat. If this trend line represented a
patient's pulse, she'd be dead," said Ilene Lang, president and
chief executive of Catalyst, a non-profit organization that
advocates greater opportunities for women.
"Corporate America needs to get 'unstuck' when it comes to
advancing women to leadership," Lang said.
The study was based on annual filings made by Fortune 500
companies to the U.S. Securities and Exchange Commission or, in
the case of insurance companies, to the National Association of
It found that 136 of the Fortune 500 companies had no women
executives, among them Exxon Mobil Corp (XOM.N), Berkshire
Hathaway (BRKa.N), Citigroup Inc (C.N), Costco Wholesale Corp
(COST.O) and Sears Holding Corp (SHLD.O).
Women held 14.4 percent of executive officer positions in
2010, up from 13.5 percent in 2009, and female executive
officers held 7.6 percent of the top earning positions, up from
6.3 percent in 2009, the 2010 Catalyst Census showed.
The best five companies in terms of women in the executive
suite were Gap (GPS.N), H&R Block (HRB.N), Limited Brands
LTD.N, TIAA-CREF and Western Union (WU.N).
Women held 15.7 percent of board seats in 2010, a 0.5
percentage point gain over 2009, and more than 10 percent of
companies lacked any women on their boards in 2009 and 2010.
Catalyst research showed men with mentors were promoted
more and compensated at a higher rate than women, while women
with mentors were far less likely to be promoted or paid more
as a result of being mentored.
Companies need to be convinced that diversity in leadership
is important, Lang said.
"To be successful, they have to have more points of view --
people from all kinds of backgrounds -- and have diversity in
the senior leadership," she said.
(Reporting by Bernard Orr. Editing by Daniel Trotta, Greg
McCune and Robert MacMillan)