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Female Executives and the Paradox of Power

By Dennis McCafferty on 2012-01-10


When it comes to power in the boardroom, men seem to be enjoying more than their fair share, according to a new report, "Women and the Paradox of Power." While many companies try to level the playing field between male and female employees and executives, female CIOs and other executives say their male counterparts are disproportionately calling the shots, according to the report, by Jane Perdue of Braithwaite Innovation Group and Dr. Anne Perschel of Germane Consulting. Many women in the higher echelons of business say they don't have the power they need to do their jobs effectively, and don't harbor high hopes that power is forthcoming. To help turn that around, female executives need to banish thoughts of living out a "Cinderella story," in which power is given to them as a reward instead of something they have to go out and take for themselves. More than 230 senior-level professional women took part in the survey upon which the report is based, which also includes research from the White House, the National Association for Female Executives, and other organizations. For more about the report, click here. Here are selected highlights:

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Less than 3% of Fortune 500 CEOs are women.

Just over 5% of corporate “clout” positions – exec VPs or higher – are held by females.

Only 1 out of 18 women earn six-figure salaries, compared to 1 in 7 for men.

41% of survey participants say they lack the power to perform effectively in their current positions.

67% of women surveyed say they need more power than they have to succeed in their careers.

60% of survey respondents say they have only a 50/50 chance of achieving the power they need for career success.

Over 60% of female execs prefer passive approaches to gaining power rather than active pursuit.

34% of women say they’re less powerful than their male peers.

43% of female professionals say that if they had more power, they’d create a better work environment.

Ways to Achieve Power:
Proving yourself via accomplishments (as cited by 15.2% of survey respondents)
Observing powerful people (13.5%)
Gaining access to powerful people (9.2%)

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