Exam 4 Flashcards
Only 2 of the Philly region’s top 100
public companies has a female CEO
true
In 2013, 33 of the top companies in Philly had no
women on the Board of Directors
true
Today, women make up 25% of Board members of
companies in the region
true
Women executives in general have made strides.
Today, 19% of senior-level execs at local companies are women compared to 16% a year ago
true
The United Nations warns that young women across the
globe have less access to education, technology and
resources like the internet, and so they are falling behind
boys in gaining employable skills, especially in STEM
true
Women make up only 29% of the global
science and engineering workforce
true
In the workplace, women have it…
tougher than men
Only 7% of Fortune 500 CEOs are women
Only 21% of senior roles in US companies are women
Women of color occupy only 12% of managerial roles
true
In the workforce, women are paid…
LESS than men for the same work
A 2016 study that analyzed the salaries of
10,241 doctors at public medical schools in the
U.S. found that male doctors were paid almost
$20,000 more than female doctors annually
true
Women working in low-wage occupations like
child care, fast food or home health care also
make less than the men they work beside –
typically only 85 cents to a man’s dollar.
true
Women often don’t get what they want or deserve
because they don’t ask for it
Men are more likely than women to negotiate for
what they want
true
Most of the women simply accepted the employer’s initial
salary offer
Only 7 percent of the women even attempted to negotiate
57 percent of male counterparts asked for more money
t
Some companies’ cultures tend to penalize
women when they do ask for what they want
Women who ask for what they want may be
labeled a “bitch” or pushy
Their work becomes devalued and they are left
out of important discussions
t
As a result, women in business often watch their
male counterparts receive better assignments,
get promoted more quickly and earn more money
Women become disenchanted and when a better
offer comes along, rather than using it as a
negotiating tool, women may take it and quit
t
Generally speaking, women are
raised differently than men…
true
Women are socialized from an early age not to
promote their own interests and to focus instead
on the needs of others
Women tend to assume they will
be recognized and rewarded for
working hard and doing a good job
Unlike boys, girls haven’t been
taught they can ask for more
While men will use the pronouns “I” or “My” or “Me”, women will…
women will use the pronouns “we”, “our”, “us”
Confidence and Boasting …
Men are better at this than women
Women are more likely to downplay
their certainty about something
Men are more likely to minimize
their doubts
Negotiating authority
Men more often behave in ways that are likely to get
them recognized, especially in dealing with superiors
As children, boys learn they are rewarded if they talk
up their achievements
Girls learn they are rewarded if they play down their
achievements
sheryl sandberg says…
“A truly equal world would be one where
women ran half our countries and companies
and men ran half our homes.”
Emma Stone recently revealed that some of
her male co-stars have taken salary cuts in the past so that she could achieve equal pay
true
when in a business negotiation, ALWAYS..
Speak up! Lean In!
Always ask for what you believe you are worth
Be confident in yourself! If you don’t believe in you, how
can you expect others to believe in you?
Don’t be shy about taking credit for your achievements –
you earned it!
Learn how to manage upward … and downward
Use a job offer from another company as leverage with
your present company
Scandals related to unethical behavior was the leading cause of leadership firings among the world’s 2,500 largest public companies
t
39% of CEO firings were because of unethical behavior
35% were due to financial performance
13% result of conflicts with the company’s Board
t
CEOs were fired because of…
unethical behavior such as fraud,
bribery, insider trading, environmental disasters, inflated resumes
and sexual indiscretions
Steve Wynn, CEO, Wynn Resort was…
Forced to step down as Chairman and CEO after
multiple reports of sexual assault allegations emerged
Jonathan Bush, CEO, Athena Health was…
Forced to resign amid sexual misconduct allegations
Why are so
many CEOs
being fired for
ethical
misconduct?
- More aggressive intervention by regulatory
and law enforcement authorities - The increasing propensity of Boards of
Directors to adopt a zero-tolerance stance
toward executive misconduct - New pressures for accountability about
sexual harassment and sexual assault brought
about by the rise of the #MeToo movement
Sexual harassment is not new – it has occurred throughout
history. But because of the #MeToo movement, sexual
harassment has become less hidden than it used to be.
t
81 percent of women and 43 percent of men have
experienced some form of sexual harassment during their
lifetime
t
What Is Sexual Harassment?
according to Title VII, Civil Rights Act of 1964
“Unwelcome sexual advances, requests for sexual favors, and other
verbal or physical conduct of a sexual nature constitutes sexual
harassment when submission to or rejection of this conduct explicitly or
implicitly affects an individual’s employment, unreasonably interferes with
an individual’s work performance or creates an intimidating, hostile or
offensive work environment.”
Sexual harassment can occur in a variety of circumstances, including
but not limited to the following:
- The victim as well as the harasser may be a woman or a man.
The victim does not have to be of the opposite sex. - The harasser can be the victim’s supervisor, a supervisor in
another department, or a co-worker - The victim does not have to be the person harassed
but could be anyone affected by the offensive
conduct - The harasser’s conduct must be unwelcome
Quid Pro Quo
“This for that” – Raise or promotion in return for sexual favors
Hostile Work Environment
Photos, jokes, gestures that make someone
uncomfortable
What matters is not the “intention”of the harasser but
the “reaction” of the victim
The yardstick to measure: “reasonable person”
How would a “reasonable” person react?
