Get unlimited digital access to $0.99 for 4 weeks.
News Opinion Readers Respond

CEO pay: Few women crack the glass ceiling

On July 10th there was a front page article titled "CEO pay on the rise," and top CEOs of Maryland publically traded companies were pictured. Surprisingly, the article and subsequent editorials missed a glaring omission: all 19 of the highly paid CEOs are men. Where are the women?

Network 2000 has done extensive research on women in the C-Suite and we have to ask, how is it possible that of the 86 publically traded companies in Maryland only two have women CEOs when:

•Women make up 46.7 percent of the U.S. labor force;

•Women earn more bachelor's and doctorate degrees than men and more than twice the amount of master's degrees than men;

•Seventy-five percent of all new businesses being opened are being opened by women; and,

•Women account for 85 percent of all buying decisions?

The question resonates even more in light of the steps taken in various countries around the world to assure parity for women in corporate leadership. Most recently, Malaysia joined other countries including France, Norway, Spain, Belgium and Germany that have passed legislation mandating the percentage of women in publicly held companies in the executive suite and boardroom.

I would like to suggest that The Baltimore Sun do a follow up article focused on what Maryland companies are doing to increase the number of women in their executive ranks and boardrooms. There is no reason why Maryland can't be proud to say that by 2015 there will be at least five women on the list of top paid CEOs.

Ellen R. Fish, Baltimore

The writer is president of Network 2000, Inc., a non-profit dedicated to increasing the number of women in professional and management positions.

Copyright © 2015, The Baltimore Sun
Related Content
  • The rich are robbing America blind

    We need to cut the national debt, but everyone should share in the pain, especially the people who can afford it most — the rich.

  • CEO pay costly to U.S. global competitiveness

    If anyone is wondering why American jobs are being shipped overseas "because the costs are lower," you need only look at what we are paying our CEOs versus what over countries are paying theirs. According to a recent letter writer, while we are paying our CEOs an average of 340 times the median...

  • CEO pay: Where are the women?

    In reference to the article entitled "On the rise," I would like to say that the only CEOs mentioned in the story about rising executive pay are a group of men in suits. Seems to me we are missing a real fact of substance here which is the disparity within the Maryland CEO ranks. I'm sure...

  • How did Mayo Shattuck earn all that dough?

    Constellation Energy Group CEO Mayo A. Shattuck III was paid $15.7 million last year. Wouldn't it be interesting to know just what decisions he made that were worth that kind of money?

  • Hating taxes, loving the Chesapeake Bay
    Hating taxes, loving the Chesapeake Bay

    Marylander's agree on two things: We love the Chesapeake Bay and we hate taxes.

  • Volunteers deserve respect
    Volunteers deserve respect

    I fully believed in volunteering and have been involved many times with many organizations. However, it's time Business Volunteers Maryland and other recruiters understand volunteers also need appreciation. From my 10 years of volunteering, that has not been the case. Many others have expressed...