Monday, June 12, 2017

Not a Single Black Woman Heads a Top Fortune 500 Company - ALTERNET

by Celisa Calacal 
Originally published: June 8, 2017
Publisher: Alternet.com 

Every year, Fortune magazine releases its Fortune 500 list, a ranking of the top 500 most profitable corporations in the U.S. In the 63 years Fortune has published the Fortune 500, the CEOs at the head of the 500 listed companies have traditionally skewed male. This year’s list is no exception, even if it contains a slight improvement in its gender balance: The 2017 rankings include the most number of female CEOs ever in the list’s history—a total of 32 women. This marks a 50 percent increase from last year’s list, in which there were only 21 female CEOs.

But while this year’s Fortune 500 makes history in gender diversity, it is in no way representative of a country where women make up about 47 percent of the workforce, according to the Department of Labor. More glaring still is its miniscule number of women of color—Geisha Williams from PG&E, the first Latina ever featured on the Fortune 500, and Indra Nooyi from PepsiCo are the only two on this year’s list. In addition, there are no black women among this year’s Fortune 500 CEOs.