What would you think if you read this title: "Best-paid executives: the gender gap exaggerated"? Well, if you were a normal reader of English, you'd think that the gender gap between the best-paid men and best-paid women was smaller than thought.
Funny, the accompanying article (accompanying the 2007 Fortune most powerful women in business) reported this:
Makes me wonder what the editor was thinking with that headline!
"Altogether, the top 25 highest-paid men made $1.3 billion in 2006, 4.35 times more than the top 25 best-paid women. And no woman cracked the ranks of top 25 highest-paid executives overall -- 25th on that list was Alan Schwartz, president and co-COO of Bear Stearns, who earned $37.3 million last year.
Indeed, Cruz, the top-earning woman, made just 22 percent of what the No. 1-ranked male executive, Nardelli, earned - a far greater discrepancy than the 75 percent managers and professionals overall experience.
"Women don't seem to be able to get on that same bandwagon," said Vicky Lovell, director of employment and work life programs at the Institute for Women's Policy Research in D.C.
"Women at (the highest) level face the same kinds of obstacles that women do throughout the workforce but there may be a more cumulative effect," Lovell explained.
That's due, in part, from the compounded impact of being offered less in compensation and not being given same opportunities over the course of a long corporate career, she said."