I do love to support and share any positive news about professional women and their success. Women do not have a large presence in C-Level positions, but every day we move closer as more women are presented with opportunities for professional growth. With that being said, I do adore all people alike, male or female, in the Oil & Gas industry and community, it is such a delight to work with such wonderful people in this close-knit industry.
Below are a few highlights from an article I recently came across, which was posted on Fortune.com.
As most have heard, companies with women executives at the helm tend to perform better than those led by men— and a new study furthers that claim. This study found that women CEOs in the Fortune 1000 drive three times the returns as S&P 500 enterprises run predominantly by men.
Quantopian, a Boston-based trading platform based on crowdsourced algorithms, matched the performance of Fortune 1000 companies that had women CEOs between 2002 and 2014 against the S&P 500’s performance during that same time period. The comparison revealed that the 80 women CEOs during those 12 years produced equity returns 226% better than the S&P 500.
“There’s a lot of the theorizing around why the results are dramatically higher for the women, but most think it has to do with how hard women have to work to become CEO at such big companies in the first place,” Karen Rubin, Quantopian’s product manager, says. The ones who do “really represent the cream of the crop,” she adds.