Male Executives Control 99 Times More S&P 500 Shares Than Women
Stock ownership data shows men accumulating more company shares at almost every level.
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Women account for about a quarter of the top executives at S&P 500 companies and they only control about 1% of the value of shares held among their fellow corporate leaders, new research shows.
The disparity means male executives held about $770 billion worth of shares in S&P 500 companies in 2020, compared with about $9 billion for female executives, said Andreas Hoepner, a professor of operational risk, banking and finance at the Smurfit Graduate School of Business at the University of Dublin. The study, conducted with Swedish gender data company ExecuShe, found the ratio was skewed even after removing company founders and outliers like Tesla Inc. Chief Executive Officer Elon Musk, the wealthiest executive in the index, he said.