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The new millennium provides an occasion to celebrate the remarkable progress made by women. That women now hold seats on corporate boards, run major companies, and are regularly featured on the covers of business magazines as prominent leaders and power brokers would have been unimaginable even a half century ago.
But the truth is, women at the highest levels of business are still rare. They comprise only 10% of senior managers in Fortune 500 companies; less than 4% of the uppermost ranks of CEO, president, executive vice president, and COO; and less than 3% of top corporate earners.1 Statistics also suggest that as women approach the top of the corporate ladder, many jump off, frustrated or disillusioned with the business world. Clearly, there have been gains, but as we enter the year 2000, the glass ceiling remains. What will it take to finally shatter it?
Authors: Debra Meyerson and Joyce K. Fletcher