Arafat Hasan of DOT
In the business world of the US, female bosses still remain few and far between while some warn that the situation is unlikely to improve with men unwilling to play the role of mentor to younger female colleagues in the era of the #MeToo movement. The departure in September of India’s Indra Nooyi as head of PepsiCo. after more than a decade in the job has only reinforced a trend that has been growing for the past two years: the decline in the number of women CEOs even as debate about the need for equality in the workplace rages, and amid increasing calls for women to break through the ‘glass ceiling’.
Recently, a number of prominent women have left their posts as company heads, including Denise Morrison of Campbell Soup, Margo Georgiadis of Mattel, Sherilyn McCoy of Avon, Meg Whitman of Hewlett-Packard, Ursula Burns of Xerox, and Ellen Kullman of Dupont.
All of them have been replaced by men.
Currently, less than 5% of leaders of the S&P 500 largest enterprises are women, down from 5.4% in 2017.