Female CEOs represent just 49 of the 1,000 largest companies in America. Despite the disparity, there are some truly great chief executives to choose from. Who are the best female CEOs in America?
Sallie Krawcheck just might have the answer. A big believer of women in business, she acquired 85 Broads, the professional women’s network that has since been renamed Ellevate, back in May, 2013. Now, she has announced the Pax Ellevate Global Women’s Index Fund (PXWEX), a mutual fund based on the Pax Global Women’s Leadership Index, which seeks to invest in companies doing a good job advancing women’s leadership.
This isn’t just some altruistic effort on Krawcheck’s part. A 2011 study by Catalyst indicates that companies with three or more female board members seriously outperformed companies with no women on the board. Sure, there have been some colossal failures when it comes to female CEOs — think Carly Fiorina and Andrea Jung — but in all the years I’ve been covering business I’ve found women executives tend to be far more collaborative than men and far less Machiavellian in their actions.
There will come a time when the idea of discussing the best female CEOs won’t be necessary, because they’ll be a bigger part of the business landscape. Until then, let me put the spotlight on four women who are making their shareholders a bucketful of money.