Identifying talent early might be the antidote to male-dominated boardrooms.
Evelyn Orr, Vice President and COO of Korn Ferry Institute, told Cheddar that that might have been what helped the women executives she spoke to break into the “Boys’ Club”.
“It didn’t occur to them that they could be CEO in their career,” she said, “until someone pointed it out to them and literally tapped them on the shoulder and said, ‘You’ve got what it takes, step-up, let’s do this!”
The lack of women in the C-Suite as been a persistent problem in corporate America. One Peterson Institute study found that a majority of firms have no female board members, and just over half had no female execs at the topmost levels. Fewer than 5 percent had a female CEO.
Orr, who interviewed 57 female execs for her study, puts the onus on companies and encourages leaders to look out for employees that show drive early on.
“Those are the raw ingredients that can lead people to be in the CEO pipeline,” she said.
As for women looking to get an executive position, she says that the best step is to understand how a company operates.
“Get close to how the business makes money, seek out jobs that are running a product line, running a P&L,” she said. “The closer women can get to how a business is making money, the better.”
For full interview [click here](https://cheddar.com/videos/how-to-raise-more-women-to-the-c-suite).
Universal Music Group, which represents artists including Taylor Swift, Drake, and Ariana Grande, has removed its music from TikTok and accused the app of bullying and intimidation.
The average rate on a 30-year mortgage fell 0.06% last week. Although the rate is much higher than it was two years ago, the decline could relieve buyers already dealing with low inventory and high prices.
As millions of Americans are set to retire, John Carter, President & COO of Nationwide Financial, shares what to expect and how consumers of all ages can better prepare for their golden years.
The heated hearing began with recorded testimony from kids and parents talking about being exploited on social media. Throughout the hours-long event, parents who lost children to suicide silently held up pictures of their dead kids.
Adtalem CEO Steve Beard addresses a report from Safkhet Capital taking the short position on the for-profit education giant, plus why he believes there should be financial recourse for student loan borrowers misled by their institutions.
CEO of Americares Christine Squires shares how the organization is helping provide medical assistance in a time of increasing instability, war, and climate-related disaster.
Doug Clinton, Deepwater Asset Management managing partner, shares tips for investors looking to take advantage of the massive boom in artificial intelligence beyond Microsoft and Nvidia.
