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Breaking Glass

Did you notice? 'Highest Paid CEOs' list is short on women

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Denise Morrison of Campbell Soup Company was the highest-ranking woman on NJBIZ's Highest Paiid CEOs list.
Denise Morrison of Campbell Soup Company was the highest-ranking woman on NJBIZ's Highest Paiid CEOs list. - ()

Here's a perfect example of how easy it is to overlook the persistent and problematic gender gap:

This Breaking Glass blogger admittedly hadn’t given NJBIZ’s list of the Highest Paid CEOs in 2014 a close enough look.

But a single tweet from Sheila Reynertson, an analyst for think tank New Jersey Policy Perspective, quickly showed me the error of my ways.

She wrote: “Important to note: Grand total of 4 women made this list of 117 CEOs. #gendergap #womeninbiz.”

Oh … right!

Click here to read more about women Breaking Glass

The women recognized (there are actually five on the list) included some familiar and hard-hitting names:

But that doesn’t change the fact that they still represent less than 4.3 percent of the entire list.

That’s even slightly lower than the 4.6 percent of women nationwide who currently hold CEO positions at S&P 500 companies, according to Catalyst.

But the difference may be in the pay gap: According to the American Association of University Women, median earnings for men in New Jersey are $60,815, compared with women’s median earnings of $48,640.

And NJBIZ was, after all, looking at the “highest paid” CEOs.

But while the number of female CEOs has been on the rise since 2004 (with 68 percent more incoming women than outgoing, according to Catalyst), it’s still indicative of the severe gender bias our culture and businesses continue to face.

Perhaps after just two months after being published, The Gen(d)erational Gap series might yet again be a worthwhile read for New Jersey’s top companies.


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Write to the Editorial Department at editorial@njbiz.com

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