In Andrew Ross Sorkin’s article “When a Female C.E.O Leaves, the Glass Ceiling is Restored”, Sorkin discusses how Indra Nooyi, CEO of Pepsi has stepped down, resulting in one less female CEO. This is significant to women in development because it draws attention to how limited the number of female CEOs are in big businesses.
After Indra Nooyi’s departure from Pepsi, there will only be 24 women as ceos of the companies that make up the companies of Standard and Poor’ 500 stock index. The number of female ceos is decreasing, with two others recently stepping down. The replacement CEO is hardly ever another woman. This is because boards have fewer women, a wage gap still exists, and women still lack opportunities to be promoted. Females have often hesitated to promote another female because they are afraid they will be accused of bias.
This article is relevant because it draws it brings awareness to the issue of the limited number of women in development.
Sorkin, Andrew Ross.”When a Female C.E.O Leaves, the Glass Ceiling is Restored.”The New York Times, 6 Aug. 2018,https://www.nytimes.com/2018/08/06/business/dealbook/indra-nooyi-women-ceo.html