Gender pay gap does not apply to CEOs

Though men outnumber women in CEO positions, the women earn higher average salaries

While male CEOs outnumber female CEOs in the Standard & Poor’s 500, it seems that the female CEOs are making more money.

So far, 476 of the 500 companies in the S&P 500 have reported compensation data for their chief executives and, when you break those figures down along gender lines, it paints an interesting picture.

There are currently 22 female CEOs in the S&P 500. So far, 21 of the companies with female CEOs have reported compensation figures. That group, which includes Yahoo CEO Marissa Mayer and Lockheed Martin CEO Marillyn Hewson, pulled in an average of $18.8 million in 2014, according to data crunched by USA Today.

_______________________________________________________________________________________

FURTHER READING:

SEC promotes transparency in executive compensation disclosures

Why executive compensation rose 12 percent in 2014

Executives receiving more cash compensation

Apple’s CEO the epitome of ‘pay for play’

_______________________________________________________________________________________

 

In contrast, the 455 companies with male CEOs that have disclosed executive compensation figures pulled in an average of $12.7 million for the same period. In addition, the average salary of the female CEOs topped the average salary of the CEOs of the 100 largest publicly traded companies, at $14.3 million.

Of this group, the highest paid female CEO was Mayer, who earned $42 million in 2014 (after a 69 percent raise), a figure which placed her as the seventh-highest compensated chief executive in the land. Other women on the list include: Hewson, who earned $33.7 million; Indra Nooyi, CEO of PepsiCo, who earned $22.5 million; Ursula Burns, CEO of Xerox, who made $22.5 million; and Mary Barra, CEO of General Motors, who earned $16.2 million.

So, while male CEOs still outnumber female CEOs by a figure of 20 to one, it’s clear that their compensation is strong. Studies have indicated that female workers in this country make less then their male counterparts and, while that may be true at the lower levels of business, it seems it does not hold true in the upper echelons. Perhaps companies will take note of this data and catch up, though gender equity has a long way to go.

Senior Editor and Community Manager

author image

Rich Steeves

Richard P. Steeves is Senior Editor and Community Manager of InsideCounsel magazine, where he covers the intellectual property and compliance beats. Rich earned a B.A....

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.