'Sexist' Silicon Valley has zero women on their boards: Study
Female representation in Silicon Valley embarrassing; ratio even more skewed when it comes to top of the corporate structure
Washington: With the female representation in the Silicon Valley already embarrassing, a new study has revealed that the ratio is even more skewed when it comes to the very top of the corporate structure.
Law firm Fenwick & West''s study noted that gender bias is a longstanding problem for Corporate America generally, but Silicon Valley makes other companies look almost progressive in comparison.
According to the Huffington Post, the study stated that a plurality of Silicon Valley 150 companies have no women on their boards while nearly half of the 100 biggest public companies in the US, known as the Standard & Poor''s 100, have at least two women.
It was found that virtually all S&P 100 companies have at least one woman on their board, while barely more than half of SV 150 even reaches that bare minimum.
The study further revealed that nearly half of the SV 150 companies have no female executives at all, while 84 percent of the S&P 500 manages to have at least one.
Fenwick pointed out that women account for about half of the US labor force and more than half of the workers in management and other professional jobs and yet very few women make it through the door to the executive suite.