10-Year Anniversary
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500
Ten Years Later: “Limited Progress, Challenges” Persist ABOUT CATALYST
Catalyst is the leading research and advisory organization working with businesses and the professions to build inclusive environments and expand opportunities for women at work. As an independent, nonprofit membership organization, Catalyst conducts research on all aspects of women’s career advancement and provides strategic and web-based consulting services globally. With the support and confidence of member corporations and firms, Catalyst remains connected to business and its changing needs. In addition, Catalyst honors exemplary business initiatives that promote women’s leadership with the annual Catalyst Award.With offices in New York, San Jose, and Toronto, Catalyst is consistently ranked No. 1 among U.S. nonprofits focused on women’s issues by The American Institute of Philanthropy. 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500
Sponsors: DuPont Heidrick & Struggles
© 2006 by CATALYST NEW YORK 120 Wall Street, 5th Floor, New York, NY 10005-3904; (212) 514-7600; (212) 514-8470 fax SAN JOSE 2825 North First Street, Suite 200, San Jose, CA 95134-2047; (408) 435-1300; (408) 577-0425 fax TORONTO 8 King Street East, Suite 505, Toronto, Ontario M5C 1B5; (416) 815-7600; (416) 815-7601 fax email: [email protected]; www.catalyst.org Unauthorized reproduction of this publication or any part thereof is prohibited. Catalyst Publication Code D43; ISBN#0-89584-261-0
FOREWORD
The 2005 Catalyst Census of Corporate Officers and Top Earners of the Fortune 500 marks the tenth year Catalyst has tracked women in Fortune 500 corporate officer positions. While we celebrate this milestone, we find little to celebrate in the data. Our Census demonstrates that between 2002 and 2005, the percentage of corporate officer positions held by women increased by a total of just 0.7 percentage points to 16.4 percent. This rate of increase is significantly lower than we have seen in previous years, and it is echoed in equally low increases in all other data we collected. In other words, progress has almost come to a standstill.
This standstill reveals that the vast majority of Fortune 500 companies have yet to understand the compelling business case for diversity or to take meaningful actions to address it. We find this particularly surprising since the economic impact of diversity in leadership has become increasingly evident as U.S. businesses expand into new markets, cultures, and workforces across the United States and around the world.
In this report, we describe many of the issues that support the business case and show corporate leaders what they can do to make change in their organizations. As usual, we provide evidence in the form of data from our rigorous Census of Fortune 500 corporate leadership. This year, however, we have taken several new steps, including applying a new, more consistent definition of corporate officer, delving more deeply into the multiple and intersecting effects of race/ethnicity and gender on access to top corporate positions, exploring industry effects, and interviewing women corporate officers from companies that have shown a sustained commitment to gender diversity in corporate leadership.
We have also added Viewpoints at the end of each chapter that draw conclusions beyond the data examined in this report. These conclusions are based on other Catalyst research and our years of experience working with diversity and inclusion in the workplace. They are meant to provide explanations and answers to some of the questions raised by the research and to highlight factors that we believe have contributed to the findings.
We hope the data presented here, the issues raised, and the conclusions we have drawn provide a clear and cogent call to action to those who have the power to drive positive change for women and business. With your leadership, businesses can break the standstill and reap the extraordinary benefits of diversity.
Ilene H. Lang President Catalyst
TABLE OF CONTENTS
Introduction and Key Findings 2 Chapter 1: Women Corporate Officers of the Fortune 500 6 Chapter 2: Access to Power 13 Chapter 3: Intersections of Race/Ethnicity and Gender 19 Chapter 4: Women Corporate Officers—Does Fortune 500 Rank or Industry Matter? 24 Chapter 5: Voices of Experience—Interviews with Women Corporate Officers 29 Chapter 6: Conclusions and Call to Action 36 Acknowledgments 40
Appendix 1: Methodology 41 Appendix 2: Titles of Women Corporate Officers, by Company with Fortune 500 Rank 43 Appendix 3: Number and Percentage of Women Corporate Officers, Ranked by 58 Company Revenue Appendix 4: Fortune 500 Industries, Ranked by Percentage of Women Corporate 63 Officers Appendix 5: Number and Percentage of Women Corporate Officers, by Fortune 500 65 Industry with Company Appendix 6: Number and Percentage of Women Corporate Officers, by SIC Industry 69 with Fortune 500 Industry Appendix 7: Number and Percentage of Women Corporate Officers, by State with 81 Company Appendix 8: States, Ranked by Percentage of Women Corporate Officers 85 Appendix 9: Fortune 500 Companies with At Least One Top-Earning Woman Corporate 86 Officer: 122 Addendum Notes 89 Also by Catalyst 90 Catalyst Board of Directors
DEFINITION OF TERMS USED IN THIS REPORT Corporate Officer: This year, for the first time, we restricted our Census to only those corporate executives who were board-elected or board-appointed. In past years, through our verification process, we allowed companies to self-define their corporate officers, which contributed to inconsistencies across companies. By imposing a stricter definition of corporate officers, our goal was to standardize data across companies and over time.
The total number of corporate officers fell 20.5 percent from 2002 to 2005.To assess whether our new definition of corporate officers was responsible for this decline, we examined whether there was an overall fall in the number of corporate officers reported between 2002 and 2005. We compared only those companies that were in the Fortune 500 in both 2002 and 2005 and also verified data in both years. Limiting the analysis to companies present in both 2002 and 2005 ensured that the decrease in number of corporate officers was not attributable to companies new to the Fortune 500 ranking in 2005, or those 2002 companies that were no longer ranked. Restricting the analysis further to only those companies that verified in both years allowed us to see if the verification process led to changes in the numbers: If the change in the definition of corporate officer had driven the fall in the total number of corporate officers counted, then this decline would have occurred for companies across all industries and Fortune ranks.
Data analysis showed that the decline in the number of corporate officers between 2002 and 2005 was industry- and rank-specific. In particular, the top 300 companies lost corporate officers, while the bottom 200 companies gained corporate officers. Furthermore, some industries showed an increase in the number of corporate officers, while others saw a decline.1
Top Earner: Companies are required to publicly report their five top earners. In the cases in which a top earner was not also a corporate officer, he or she was not counted.
Clout: Corporate officers with clout hold the highest titles at a company. The titles that Catalyst considers clout are CEO, Chair, Vice Chair, President, COO, Senior Executive Vice President (SEVP), and Executive Vice President (EVP).
Line: Line officers are responsible for a company’s profits and losses. We determined if a corporate officer was responsible for profits and losses based on the officer’s title and functional area.
Staff: Staff officers are responsible for the auxiliary functioning of the business. We determined if a corporate officer was responsible for auxiliary functioning based on the officer’s title and functional area.
1 For companies that verified, industries that lost corporate officers between 2002 and 2005 were computer and data services, diversified financials, hotels, insurance, mail, package, and freight delivery services, and medical products. Industries that gained corporate officers were food services, transportation, and publishing.
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 1 INTRODUCTION AND KEY FINDINGS
KEY FINDINGS Women Corporate Officers and Top Earners N In 2005, women held 16.4 percent of corporate officer positions, up just 0.7 percentage points from 2002. N Women held 6.4 percent of top earner positions, up 1.2 percentage points from 2002. N At the estimated growth trend for the past ten years (0.82 percentage points per year), it will take 40 years for women to reach parity with men in corporate officer ranks.
Women of Color N Women of color held only 1.7 percent of corporate officer positions. N Women of color were 1.0 percent of all Fortune 500 top earners.
Women in Line, Staff, and Clout Positions N Women were almost two and one-half times as likely to hold staff positions (71 percent) as they were to hold line positions (29 percent). N Women held 9.4 percent of clout titles, up from 7.9 percent in 2002. N In 2005, eight Fortune 500 companies were led by a woman CEO, up from six in 2002.
Women Corporate Officers, by Company Rank and Industry NThe percentage of women in any category measured did not vary systematically with Fortune 500 rank. N Women had greater percentages of corporate officer positions in industries where women were 49 percent or more of the total workforce (finance, insurance, real estate, retail trade, and services).
THE BUSINESS CASE Catalyst counts women corporate officers and top earners of the Fortune 500 because we believe that diversity in the highest echelons of corporate leadership is not only good for women, but also good for business.
Our study The Bottom Line: Connecting Corporate Performance and Gender Diversity has shown that the Fortune 500 companies with the highest percentages of women corporate officers experienced, on average, a 35.1 percent higher return on equity (ROE) and 34.0 percent higher total return to shareholders (TRS) than did those with the lowest percentages of women corporate officers.2 While this study did not prove causation, it showed a strong correlation between companies that have diversified their senior management and companies that performed well financially.
2 Catalyst, The Bottom Line: Connecting Corporate Performance and Gender Diversity (2004). 2 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 Furthermore, as customers, employees, and suppliers now come from all parts of the world, and the demographics of the U.S. marketplace and employee base changes, successful companies need to expand their traditional leadership to include people who can relate to the diversity of the global marketplace. A diverse leadership team will also help companies attract more diverse employees and remove barriers to their advancement. Companies that can proactively and successfully harness all of their available talent will sustain significant advantages over competitors with more traditional leadership teams.
Research suggests that companies that recruit, develop, and advance diverse employees, including women, make better decisions, produce more marketable products, and retain several key business advantages over more homogeneous companies.3 Furthermore, we contend that companies that achieve diversity and manage it well attain better financial results than other companies.4
THE CENSUS RESULTS Counting the number of women in corporate officer and top earner positions allows us to track the progress that the largest public companies headquartered in the United States have made in diversifying their leadership. Over the last decade, many organizations have recognized the need to diversify their employee base and leadership. Many have hired Chief Diversity Officers and implemented detailed diversity and inclusion strategies. We applaud those companies.
Nevertheless, our 2005 Census shows that, in the last three years, growth in the percentage of corporate officer positions held by women slowed dramatically. In 2005, women held 16.4 percent of corporate officer positions, only 0.7 percentage points more than they did in 2002. Furthermore, the percentage of corporate officer positions held by women of color stagnated at 1.7 percent.
The failure of Fortune 500 companies to add women—especially women of color—to their corporate leadership in the last three years highlights a startling gap between rhetoric and reality. These findings seem to indicate that few companies have fully grasped how integral diversity is to attaining business objectives in the current global business environment. We urge companies across the Fortune 500 spectrum to reconsider the business case for diversity and reassess their diversity goals and strategies.
3 Rosabeth Moss-Kanter, The Change Masters: Innovations and Entrepreneurship in the American Corporation (New York: Simon and Shuster, 1983); Sarah Moore, “Understanding and Managing Diversity Among Groups at Work: Key Issues for Organizational Training and Development,” Journal of European Industrial Training, vol. 23, no. 4/5 (1999): p. 208-217; Poppy Lauretta McLeod, Sharon A. Lobel, and Taylor H. Cox, “Ethnic Diversity and Creativity in Small Groups,” Small Group Research, vol. 27, no. 2 (May 1996): p. 248-264; and Gail Robinson and Kathleen Dechant, “Building a Business Case for Diversity,” Academy of Management Executive, vol. 11, no. 3 (August 1997): p. 21-31. 4 Catalyst, The Bottom Line: Connecting Corporate Performance and Gender Diversity (2004).
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 3 WHY IS PROGRESS SO SLOW? Through our research, we know that equal numbers of women and men senior managers aspire to top positions, regardless of whether or not they have children under the age of 18 living at home with them. We know that women and men employ the same strategies for business success. We know that work-life quality issues affect men as much as they affect women.5 At the same time, women continue to surpass men in higher education and women hold more than one-half of management and professional positions. And yet, women struggle more than men as they climb the corporate ladder.
Why? Our research has found that women face three significant barriers that men rarely face: gender- based stereotyping, exclusion from informal networks, and a lack of role models. These obstacles combine to restrain women from top positions by pigeonholing their talents, restricting access to essential information, and discouraging their ambitions.
Women will only advance to the highest positions in large numbers when these barriers are removed from their career paths. We encourage all organizations to examine the workplace policies, practices, and norms that keep these barriers in place, and then work to change them.
HOW CAN COMPANIES IMPROVE DIVERSITY? In 2005, the average Fortune 500 company had 22 corporate officers; 3.6 of them were women. Fully 75 percent of these companies did not have any women corporate officers earning one of the five highest salaries at their company. How can companies go beyond this minimal level of diversity and reach the numbers that will show genuine commitment to a variety of perspectives, ideas, and backgrounds?
CEOs and top leadership must recognize the strong business case for integrating diversity into a global business strategy. Once the business case has been defined, appropriate initiatives and measures can be implemented to achieve the goals set out by the business case.
CEOs must then communicate the business case to management, board members, shareholders, business partners and suppliers, and employees. They must demand full commitment and accountability from all. They must implement cultural changes that will encourage managers to recruit, develop, promote, and track diverse talent. They must celebrate diversity as a better way to conduct business.
5 Catalyst, Women and Men in U.S. Corporate Leadership: Same Workplace, Different Realities? (2004). 4 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 PROGRESS IS NOT ASSURED This Census shows progress for women cannot be taken for granted. The dramatic decline in growth is highly worrisome and could indicate that many companies have succumbed to the comforts of tokenism. Gender diversity is not achieved when there are almost five men corporate officers for every woman. Companies need to redouble their efforts to enforce a meritocracy that is blind to gender and other differences that unfairly advantage certain groups over others. When employees know they will be judged solely on their merits and results—not stereotypic assumptions based on their appearance—they will all make greater efforts to succeed. As a result, companies themselves will be more successful.
Companies therefore have a responsibility to their employees, shareholders, customers, suppliers—and society—to look for and support the most talented workforce possible, regardless of gender, color, or any other difference from the historical norm. The data in this report argue for a vigorous re-evaluation of current diversity goals, strategies, and outcomes. Without such action, it seems probable that growth in gender diversity will continue to stall and both organizations and women will lose.
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 5 CHAPTER 1: WOMEN CORPORATE OFFICERS OF THE FORTUNE 500
KEY FINDINGS N In 2005, women held 16.4 percent of corporate officer positions, up just 0.7 percentage points from 2002. N In the last three years, average growth in the percentage of corporate officer positions held by women fell dramatically to 0.23 percentage points per year, the lowest yearly gain in the past ten years. N At the ten-year estimated growth trend of 0.82 percentage points per year, it will take 40 years for the number of women corporate officers to equal the number of men corporate officers. N Women of color held only 1.7 percent of corporate officer positions. N Women held 6.4 percent of the top earner positions, up 1.2 percentage points from 2002.
WOMEN CORPORATE OFFICERS In 2005, women held 1,783 (16.4 percent) of the 10,873 corporate officer positions at Fortune 500 companies.6
Figure 1: Percentage of Fortune 500 Corporate Officer Positions Held by Women Men Women, 2005 16.4% (N=1,783/10,873)
83.6% (N=9,090/10,873)
6 This year, Catalyst used a new, more precise definition of corporate officer. In previous years, Catalyst allowed companies to define who their corporate officers were. This year, Catalyst only counted corporate officers who were either board-elected or board-appointed. Bias tests showed that the resulting change in definition did not appreciably alter the numbers of women and total corporate officers identified. See Appendix 1 or page 1 for more information.
6 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 In 1995, when Catalyst first collected census data, women held 8.7 percent of all the corporate officer positions.
Figure 2: Percentage of Fortune 500 Corporate Officer Positions Held by Women, 1995-20057
35%
30%
25%
20% 16.4% 15.7% 15% 12.5% 11.2% 11.9% 10.0% 10.6% 10% 8.7%
5% N/A N/A N/A 0% 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Between 1995 and 2005, the percentage of corporate officer positions held by women grew at an estimated trend of .82 percentage points per year.8 Higher-than-average growth occurred between 1995 and 1996 and between 2000 and 2002. Changes in growth did not appear to be related to changes in the business cycle. During the last recession, between March, 2001, and November, 2001, the average yearly growth in the percentage of corporate officer positions held by women was an uncharacteristically strong 1.6 percentage points.9
Table 1: Change in Percentage of Corporate Officer Positions Held by Women, 1995-2005
Year Percentage of Corporate Officer Change in Percentage Positions Held by Women
1995 8.7% 1996 10.0% 1.3 1997 10.6% 0.6 1998 11.2% 0.6 1999 11.9% 0.7 2000 12.5% 0.6 2001 N/A 1.6* 2002 15.7% 1.6* 2003 N/A 0.23** 2004 N/A 0.23** 2005 16.4% 0.23**
*Change in percentage averaged over two years (15.7-12.5)/2 **Change in percentage averaged over three years (16.4-15.7)/3
7 In 2001, 2003, and 2004, Catalyst did not conduct a census of corporate officers and top earners. 8 Derived from the slope of the percentage of women corporate officers plotted against the yearly time trend. 9 In 2001, 2003, and 2004, Catalyst did not conduct a census of corporate officers and top earners. 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 7 At the estimated growth trend for the last ten years (0.82 percentage points per year), it will take 40 years for women corporate officers to match men.10
Figure 3: Projected Growth of Women Corporate Officers, 1995 to 2046 .82 Growth Rate
60%
50%
40%
30%
20%
10%
0% 1990 2000 2010 2020 2030 2040 2050
Concurrent with the minor increase in the percentage of corporate officer positions held by women was a steep decline in the number of total corporate officers—from 13,673 in 2002 to 10,873 in 2005. While the total number of corporate officers fell 20.5 percent in the last three years, the total number of women corporate officers fell by a smaller 16.7 percent in the same time period.
Table 2: Number and Percentage of Women and Men Corporate Officers, 1995-2005 Year Total Number Percentage Total Number Percentage Change Total Number Men Percentage Corporate Change Women Corporate Women Corporate Corporate Officers Change Men Officers Corporate Officers Officers Officers Corporate Officers
1995 11,241 979 10,262 1996 13,013 15.8% 1,302 33.0% 11,711 14.1% 1997 11,101 -14.7% 1,173 -9.9% 9,928 -15.2% 1998 11,022 -0.7% 1,234 5.2% 9,788 -1.4% 1999 11,681 6.0% 1,386 12.3% 10,295 5.2% 2000 12,945 10.8% 1,622 17.0% 11,323 10.0% 2001 N/A N/A N/A N/A N/A N/A 2002 13,673 5.6% 2,140 31.9% 11,533 1.9% 2003 N/A N/A N/A N/A N/A N/A 2004 N/A N/A N/A N/A N/A N/A 2005 10,873 -20.5% 1,783 -16.7% 9,090 -21.2%
10 Derived from the slope of the percentage of women corporate officers plotted against the yearly time trend. 8 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 The average Fortune 500 company had 21.8 corporate officers and 3.6 women corporate officers.As Figure 4 shows, however, more than one-half of the Fortune 500 had fewer than three women corporate officers.
Figure 4: Number of Companies with Zero, One, Two, and Three or 2002 2005 More Women Corporate Officers, 2002 and 2005
250 238 236
200
150
96 98 95 99 100 71 67
50
0 Zero One Two Three or More
WOMEN OF COLOR CORPORATE OFFICERS In 2005, women of color held 1.7 percent of all corporate officer positions at the 327 companies for which we had race/ethnicity and gender data.11
Figure 5: Percentage of Fortune 500 Corporate Officer Positions Women of Color Corporate Officers Held by Women of Color, 2005 All Other Corporate Officers
1.7% (N=115/6,599)
98.3% (N=6,484/6,599)
African-American women held 5.9 percent of all women corporate officer positions, Asian-American women held 2.5 percent, Latinas held 2.1 percent, white women held 89.0 percent, and all other racial/ethnic groups held less than 1 percent.12
11 Data on race/ethnicity was not publicly available. Catalyst gathered this information from 260 companies that agreed to provide it. Data was collected on men and women corporate officers of the following racial/ethnic groups: White, African-American, Hispanic, Asian-American, Native American, and Other. To calculate the percentages of women corporate officers of color, we included the 67 Fortune 500 companies that had no women corporate officers for a total of 327 companies used in this analysis. 12 To gather race/ethnicity data, Catalyst asked companies to provide the total number of women and total number of men corporate officers by race/ethnic identity by the following categories: White, African-American, Hispanic, Asian-American, and Other.
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 9 Figure 6: Race/Ethnicity of Non-White Women Corporate Officers, 2005
7.0% s r
e 5.9% c i 6.0% f f O e t
a 5.0% r o p r o
C 4.0% n e m o 3.0% 2.5% W l l 2.1% A
f 2.0% o t n e c
r 1.0% e P 0.2% 0.3% 0.0% African- Asian- Latina Native Other American American American
TOP EARNERS Research documents that men executives continue to earn higher salaries than women executives.13 This Census highlights the gender salary gap by showing that women corporate officers were far less likely than men corporate officers to earn one of the five highest salaries at their companies. In fact, in 2005, only 145 (6.4 percent) out of 2,250 corporate officer top earners were women.14
Figure 7: Percentage of Fortune 500 Top Earner Positions Held Women Men by Women Corporate Officers, 2005
6.4% (N=145/2,250)
93.6% (N=2,105/2,250)
In 2005, 378 companies had no women corporate officers among their top five earners, down from 393 in 2002. In 2005, the number of companies with at least one woman top earner was 100, up 3 from 2002. The largest increase came in the number of companies with two women top earners, which grew from nine companies to 21 between 2002 and 2005. However, just like in 2002, there was only one company with three or more top earners who were women.15
13 Marianne Bertrand and Kevin Hallock, “The Gender Gap in Top Corporate Jobs,” Industrial and Labor Relations Review, vol. 55, no. 1 (October 2001): p. 3-21. See also Robert G. Wood, Mary E. Corcoran, and Paul N. Courant, “Pay Differences Among the Highly Paid: The Male-Female Earnings Gap in Lawyers’ Salaries,” Journal of Labor Economics, vol. 11, no. 3 (July 1993): p. 417-441. 14 Companies publicly report their top five earners. In cases where the top earner was not also a corporate officer, he or she was not included in our analysis. We counted 2,250 top earners who were corporate officers in 2005. 15 See Appendix 9 for a list of companies with at least one woman corporate officer top earner. 10 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 Figure 8: Number of Companies with Zero, One, Two, and Three or 2002 2005 More Women Top Earners, 2002 and 2005 NE 500 COMPANIES WITH WOMEN BOARD DIRECTORS
500 450 393 378 400 350 300 250 200
150 97 100 100 50 91121 0 Zero One Two Three or More
CATALYST VIEWPOINT Steep Declines in Growth Are Troubling Women are substantially underrepresented in top management positions in Fortune 500 companies. Given women’s education levels, expertise, experiences, and commitment to the labor force, we expected to see women progressing to the top levels and salaries in much greater numbers. N Women participate in the U.S. labor force in unprecedented numbers today.16 K In 2004, women earned more than 57 percent of all four-year college degrees.17 K In 2004, women earned 41.1 percent of master of business degrees.18 K In 2004, women earned 34.8 percent of M.B.A. degrees.19 K In 2005, 37.2 percent of managers were women.20 K In 2005, women made up 50.6 percent of the managerial and professional workforce.21 M These women have the expertise and capability to move into corporate officer positions. K More women are working than ever before: 59.3 percent in 2005.22 K Mothers with young children are more likely to be in the labor force today than they were 20 years ago.23
16 Bureau of Labor Statistics, Current Population Survey, Annual Averages (2006). The number of women in the labor force has increased more than 50 percent in the last 25 years. 17 National Center for Education Statistics, Digest of Education Statistics, 2005 (2006). 18 National Center for Education Statistics, Digest of Education Statistics, 2005 (2006). 19 The Association to Advance Collegiate Schools of Business (AACSB), Overview of U.S. Business Schools, 2004-2005 (2006). 20 Bureau of Labor Statistics, Current Population Survey, Annual Averages (2006). 21 Bureau of Labor Statistics, Current Population Survey, Annual Averages (2006). 22 Bureau of Labor Statistics, Current Population Survey, Annual Averages (2006). 23 Bureau of Labor Statistics, “Employment Characteristics of Families,” (June 9, 2005); Bureau of Labor Statistics, Women in the Labor Force: A Databook (May 2005). 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 11 With this level of representation at work, why are only 16.4 percent of corporate officers women? N Catalyst research suggests that many stereotypes hold women back from top positions.24 Common stereotypic perceptions include: K Women lack ambition. K Women don’t have the right work experience. K Women don’t have the leadership skills. K Women don’t have the problem-solving skills. K Women won’t make the necessary sacrifices.
N Other barriers Catalyst research shows contributing to women’s slow advancement include:25 K Lack of access to informal networks K Lack of mentors K Lack of access to influential colleagues K Lack of role models K Lack of stretch assignments K Limited flexible work arrangements
N This Census highlights the impact that stereotypes and other barriers continue to have on women in corporate America, and demonstrates the need for increased attention to the elimination of these barriers. K An organization with barriers is not a meritocracy. K Barriers waste valuable talent. K Few companies are taking full advantage of all their employee talent.
24 Catalyst, Women “Take Care,” Men “Take Charge:” Stereotyping of U.S. Business Leaders Exposed (2005). Catalyst, Connections that Count: The Informal Networks of Women of Color in the United States (2006). 25 Catalyst, Women in U.S. Corporate Leadership: 2003 (2003); Catalyst, Women and Men in U.S. Corporate Leadership: Same Workplace, Different Realities? (2004).
12 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 CHAPTER 2: ACCESS TO POWER
KEY FINDINGS N Women held 10.6 percent of line positions, up 0.7 percentage points from 2002. N Women held 21.1 percent of staff positions, up 0.7 percentage points from 2002. N Women were almost two and one-half times as likely to hold staff positions (71 percent) as they were to hold line positions (29 percent). N Women held 9.4 percent of the highest executive titles, up from 7.9 percent in 2002. N Eight companies in the Fortune 500 were led by a woman CEO, compared with six in 2002.
WOMEN EXECUTIVES: IN LINE OR ON STAFF? Occupational segregation by gender—women and men working at different jobs, at different levels within jobs, and in different industries—is a key and worldwide characteristic of employment.26 At every level of work, within and across industries and places of employment, research suggests that men have greater access to the best jobs.27 Once again, our Census shows that this gendered feature persists in the executive hierarchy.
CEOs consistently tell Catalyst that line experience is essential to reaching the most senior levels of many organizations. Corporate officers in line positions are responsible for an organization’s profits and losses, while those in staff positions support the auxiliary functioning of the business. In order to gauge gender segregation in executive officer positions, Catalyst measured the number of women and men corporate officers in line and staff positions.
In 2005, women held 10.6 percent of corporate officer line positions, while men held 89.4 percent of line positions. This reflects a 0.7 percentage point increase for women from 2002. At the same time, women held 21.1 percent of corporate officer staff positions, while men held 78.9 percent. These numbers also reflect a 0.7 percentage point increase for women from 2002. Compared with their 16.4 percent share of all corporate officer positions, women continue to be underrepresented in line positions and overrepresented in staff positions.
26 International Labour Office, Key Indicators of the Labour Market (Geneva, Switzerland: International Labour Office, 2004). 27 Augusto Lopez-Claros and Saadia Zahidi, Women’s Empowerment: Measuring the Global Gender Gap (Geneva, Switzerland: World Economic Forum, 2005). 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 13 Figure 9: Percentage of Line and Staff Corporate Officer Positions Held Women Men by Women, 2002 and 2005
Staff 2002 20.4% 79.6%
Staff 2005 21.1% 78.9%
Line 2002 9.9% 90.1%
Line 2005 10.6% 89.4%
0% 20% 40% 60% 80% 100%
While men corporate officers were only slightly more likely to hold staff positions (52 percent) than they were to hold line positions (48 percent), women were almost two and one-half times as likely to hold staff positions (71 percent) as they were to hold line positions (29 percent).
Figure 10: Percentage of Line and Staff Corporate Officer Positions, by Line Staff Gender, 2005
100% 29% 80% 48%
60% 71% 40% 52% 20%
0 Women Men
WHO HAS CLOUT IN THE FORTUNE 500? Catalyst found occupational segregation even within the highest executive ranks, where we know both women and men are highly motivated, skilled, and successful. Women were significantly less likely than men to hold the highest executive titles, including: CEO, Chair,28 Vice Chair, President, COO, Senior Executive Vice President (SEVP), and Executive Vice President (EVP).
28 Chair: highest-ranking director in a corporation’s board of directors. Vice Chair: the second-ranking director in a corporation’s board of directors who also served as corporate officer.
14 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 In 2005, women held only 9.4 percent of these highest corporate titles, up from 7.9 percent in 2002.
Figure 11: Percentage of Clout Titles Held by Women, 2005 Women Men
9.4% (N=224/2,383)
90.6% (N=2,159/2,383)
Only eight Fortune 500 companies (1.6 percent) were led by women CEOs, up from six (1.2 percent) in 2002. However, in 2005, there were no Fortune 100 companies led by women CEOs, down from three in 2002.29
Table 3: Women CEOs as of March 31, 200530 Company Company Name Name Year Woman Rank Became CEO 128 Rite Aid Mary F. Sammons 2003 132 Xerox Anne M. Mulcahy 2001 247 Lucent Technologies Patricia F. Russo 2002 278 Avon Products Andrea Jung 1999 321 Reynolds American Susan M. Ivey 2004 424 Mirant S. Marce Fuller 1999 435 Golden West Financial Marion O. Sandler 1963 467 Pathmark Stores Eileen Scott 2002
From 2002 to 2005, the percentage of clout titles held by women rose from 7.9 to 9.4 percentage points, an increase of 1.5 points. This was double the 0.7 percentage point increase of women corporate officers from 15.7 percent to 16.4 percent during the same period.
This means that women entered the highest ranks of corporate leadership at a faster rate than they entered the overall corporate officer pool. This could have occurred for two reasons. First, companies may have recruited women from outside their companies directly into clout titles. Second, companies could have moved women up the executive ranks internally and at the same time replenished their lower-level executive ranks with proportionally fewer women corporate officers from either within or outside the firm.
29 The Fortune 100 women CEOs in 2002 were Carleton S. Fiorina of Hewlett-Packard Company (Fortune rank 28 in 2002); S. Marce Fuller of Mirant (Fortune rank 52 in 2002); and Patricia F. Russo of Lucent Technologies (Fortune rank 76 in 2002). 30 Eileen Scott resigned from Pathmark Stores on August 24, 2005; as of September 30, 2005, S. Marce Fuller was no longer CEO of Mirant as part of that company’s reorganization; Brenda Barnes was named CEO of Sara Lee on February 10, 2005, but she did not officially become CEO until July 3, 2005. 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 15 This trend extends back to 1997, when Catalyst first began to count clout titles. Between 1997 and 2005, the percentage of clout titles held by women rose from 3.0 to 9.4 percent, or 6.4 percentage points. At the same time, the percentage of women corporate officers increased from 10.6 to 16.4 percent, for an increase of 5.8 points.
Table 4: Percentage of Clout Positions Held by Women and Men, 1997-2005 Year Total Number Total Number Women as a Total Number Men Men as Percentage Clout Title Women Clout Percentage of all Clout Clout Title Holders of All Clout Title Holders Title Holders Title Holders Holders
1997 1,728 51 3.0% 1,677 97.0% 1998 2,184 83 3.8% 2,101 96.2% 1999 2,249 114 5.1% 2,135 94.9% 2000 2,488 154 6.2% 2,334 93.8% 2001 N/A N/A N/A N/A N/A 2002 2,412 191 7.9% 2,221 92.1% 2003 N/A N/A N/A N/A N/A 2004 N/A N/A N/A N/A N/A 2005 2,383 224 9.4% 2,159 90.6%
Although the data shows women moving into clout titles at a higher rate than into corporate officer positions overall, even within clout titles occupational segregation is evident. Women held a higher percentage of Senior Executive Vice President and Executive Vice President positions than they held of the even more elite positions. At the same time, men held higher percentages of the highest titles than they did of the lower titles.31
Overall, companies with higher percentages of women corporate officers also had higher percentages of women in clout positions.32
31 In cases where an officer held more than one title (e.g., President and COO), only the highest title was counted. 32Correlation coefficient between share of women corporate officers and share of women in clout positions was a positive and significant 0.487, which means that every 1 standard deviation increase in the share of women corporate officers was associated with a 0.487 percentage point increase in the share of women in clout positions.
16 2005 Catalyst Census of Women Board Directors of the Fortune 500 Table 5: Percentage of Clout Positions Held by Women, by Title, 2002 and 2005 Total Number Number Women Percentage Clout Clout in Clout Positions Positions Held by Positions Women
2002 2005 2002 2005 2002 2005 Chair Only 85 71 0 0 0 0 Vice Chair 132 110 3 7 2.3 6.4 CEO 502 502 6 8 1.2 1.6 President 155 139 7 4 4.5 2.9 COO 93 76 3 2 3.2 2.6 SEVP 69 57 12 7 17.4 12.3 EVP 1,376 1,428 160 196 11.6 13.7 Total Clout 2,412 2,383 191 224 7.9% 9.4%
CATALYST VIEWPOINT Occupational Segregation Persists Throughout their careers, women are tracked into staff jobs that prevent them from acquiring the results and knowledge that are necessary for the highest advancement and salaries. N Occupational segregation, as evidenced by the line-staff gender data, reflects stereotypic assumptions about: K Women’s work-life needs, desires, and capabilities K Women’s ambition K Women’s career choices
N These assumptions channel and dead-end women into staff positions. K Whereas men may be promoted to staff positions to accumulate experience and network capital before being promoted to higher line positions, women promoted into staff positions are often left there without adequate and appropriate continued attention to career development.
N Occupational segregation also contributes to the small number of women top earners. K Women are less likely to be employed in higher-paying clout positions than men are.33 K When more women hold more line positions, there will be more women top earners.
N The more women corporate officers there are at a company, the greater the likelihood that women will hold clout titles. K When there are more women corporate officers, there will be more opportunity for diverse hiring and promotion outcomes.
33Marianne Bertrand and Kevin Hallock, “The Gender Gap in Top Corporate Jobs,” Industrial and Labor Relations Review, vol. 55, no.1 (October 2001): p. 3-21. 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 17 N To stay competitive, global companies need women in clout positions who can actively shape company strategies. K To achieve success, a company’s talent pool at the top must reflect employees, customers, and suppliers. K Few companies have taken advantage of the opportunities diverse employees can provide.
18 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 CHAPTER 3: INTERSECTIONS OF RACE/ETHNICITY AND GENDER
KEY FINDINGS N Women of color held only 1.7 percent of all corporate officer positions at the 327 companies for which we had race/ethnicity and gender data. N Of the 195 Fortune 500 companies that verified race/ethnicity data in both 2002 and 2005, the percentage of corporate officer positions held by women of color increased just 0.3 percentage points. N Men of color held 6.4 percent of all corporate officer positions. N Women of color corporate officers held just 1.0 percent of top earner positions.
WOMEN AND MEN OF COLOR CORPORATE OFFICERS This year, for the first time, we more fully explored the multiple effects of race/ethnicity and gender by counting men of color corporate officers in addition to women of color corporate officers. This new data allowed us to assess the different impacts that race/ethnicity and gender may have on access to corporate leadership positions. Because data on race/ethnicity was not publicly available, Catalyst gathered this information from 260 companies that agreed to provide it. Data was collected on men and women corporate officers of the following racial/ethnic groups: White, African-American, Hispanic, Asian- American, Native American, and Other.34
At the 260 companies that verified race/ethnicity data, men of color held 6.4 percent of corporate officer positions. African-American men held 2.6 percent of all corporate officer positions, Asian-American men held 1.5 percent, and Latinos held 1.7 percent. In comparison, women of color at those 260 companies held 2.0 percent of corporate officer positions—African-American women held 1.1 percent; Asian- American women held 0.4 percent, and Latinas held 0.4 percent.35
34 To gather race/ethnicity data, Catalyst asked companies to provide the total number of women and total number of men corporate officers by racial/ethnic identity by the following categories: White, African-American, Hispanic, Asian-American, and Other. 35 Race/ethnicity analyses included only the 260 companies that verified race/ethnicity data. The totals include percentages for Native Americans and those who did not identify a particular race (listed in Figure 12 as “Other”).
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 19 Figure 12: Race/Ethnicity of Women and Men Corporate Officers, 2005 Women Men
3.0% 2.6% 2.5%
2.0% 1.7% 1.5% 1.5% 1.1% 1.0%
0.5% 0.4% 0.4% 0.4% 0.2% 0.0% 0.1% 0% African- Asian- Latina/o Native Other American American American
For the 195 companies that verified race/ethnicity for our Censuses in both 2002 and 2005, the number of women of color corporate officers grew by only 0.3 percentage points, from 1.8 percent in 2002 to 2.1 percent in 2005.36 More specifically, the percentage of African-American women corporate officers did not change between 2002 and 2005, while the percentages of Asian-American and Latina women corporate officers each rose 0.1 points.
Figure 13: Race/Ethnicity of Women Corporate Officers, 2002 and 2005 2002 2005
2.5% 2.1% 2.0% 1.8%
1.5% 1.2%1.2% 1.0%
0.4% 0.4% 0.5% 0.3% 0.3% 0.0%0.1% 0% African- Asian- Latinas Other Women Total Women American American of Color Women Women
36 For this time trend analysis, we used the 195 Fortune 500 companies that verified race/ethnicity data in both 2002 and 2005. In 2002, Catalyst did not collect information on men of color.
20 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 WOMEN AND MEN OF COLOR IN THE WORKFORCE In 2005, African-American women were 5.0 percent of the management and professional workforce, Hispanic women were 3.3 percent, and Asian-American women were 2.6 percent.37 For African-American and Asian-American women, these numbers were almost equal to the percentage of the total labor force that these groups represent. For Latinas, however, the number was much lower.
This comparison shows us that for African-American and Asian-American women, barriers to corporate officer ranks strengthen considerably at the transition from lower-level management jobs to executive jobs. For Hispanic women, the barriers into management emerge at the entry to management positions.38
Men of color hold approximately 3 percent of managerial and professional workforce jobs across the three major racial/ethnic groups.39 For African-American and Hispanic men, barriers to management positions appear at lower-level management occupations. However, once African-American men are in management, they are relatively well represented in corporate officer positions; Hispanic men continue to face barriers as they attempt to ascend to the upper levels. Fewer barriers seem to appear for Asian- American men until they reach the upper levels of management, at which point they stop advancing at approximately the same rate as Hispanic men. In all of these cases, men are better represented at the corporate officer level than are women.
Table 6: Women and Men of Color in the Workforce, 200540 Total Labor Force Management, Corporate Officers Professional, and Related Occupations Women
African-American 6.0% 5.0% 1.1%
Asian-American 2.0% 2.6% 0.4%
Latina 5.2% 3.3% 0.4% Men
African-American 5.4% 3.1% 2.6%
Asian-American 2.3% 3.3% 1.5%
Latino 8.0% 3.1% 1.7%
37Bureau of Labor Statistics, Current Population Survey, unpublished data (2006). Catalyst used the broader Bureau of Labor Statistics “management, professional, and related occupations” category to measure the percentage of women in the managerial workforce instead of the more narrow “management, business, and financial operations occupations” because the former category includes both lawyers and accountants, which are potential pipeline occupations to the executive level. Nevertheless, all women of color were still underrepresented when compared with the narrower category, which does not include the woman-dominated teaching and nursing professions. 38Racial/ethnic differences in pre-labor market factors, such as education and family poverty, may underlie the occupational differences observed for Latinas. 39 Bureau of Labor Statistics, Current Population Survey, unpublished data (2006). African-American and Hispanic men were each 3.1 percent of the management and professional workforce, while Asian-American men were 3.3 percent. Men of all racial/ethnic groups, except white, were also underrepresented as corporate officers when compared with their percentage of the narrower “management, business, and financial operations occupations.” 40 Women and men of color labor force rates and “management, professional, and related occupations” rates are from the Bureau of Labor Statistics, Current Population Survey, Annual Averages and unpublished data (2006).
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 21 WOMEN AND MEN OF COLOR TOP EARNERS Once in the corporate ranks, both women and men of color were much less likely than white women and men to be top earners. At the 260 companies that verified race/ethnicity of top earners, women of color held just 1.0 percent of top earner positions, while men of color held 4.1 percent of those positions.
Table 7: Race/Ethnicity and Gender of Top Earners, 2005 Number of Number of Men Percentage of Percentage of Men Race/Ethnicity Women Women Top Earners Top Earners
African-American 3 20 0.2% 1.6% Asian-American 8 12 0.7% 1.0% Latina/o 1 15 0.1% 1.2% Native American 0 2 0.0% 0.2% Other 0 1 0.0% 0.1% Total People of Color 12 50 1.0% 4.1% White 73 1,092 5.9% 89.0%
22 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 CATALYST VIEWPOINT Growth for Women of Color is Stagnating Multiple and intersecting barriers of race and gender continue to unfairly limit women of color’s executive management advancement. N The negligible growth in women of color corporate officers seems to indicate that barriers identified in previous Catalyst research are not weakening.41 K The “concrete ceiling” does not allow women of color to see themselves at the top. K Lack of access to influential colleagues keeps women of color out of essential networks and deprives them of new opportunities. K Lack of mentors prevents women of color from obtaining the advice, connections, and encouragement necessary to advance. K Lack of role models discourages women of color’s ambitions. K Lack of high-visibility assignments prevents women of color from demonstrating their many talents, and being recognized for them.
N There is a strong business incentive to hire, develop, and promote women of color. K As customers, employees, and suppliers increasingly come from different parts of the world, women of color who reflect the new demographics will have a significant advantage in tapping into new markets, workforces, and supply chains. K As birthrates decline in many parts of the world, it is imperative to take advantage of all talented employees, not just white men. K As global companies open offices in more countries, a diverse workforce that reflects the local population will contribute greatly to maintaining a competitive position.
41 Catalyst, Advancing African-American Women in the Workplace: What Managers Need to Know (2004); Catalyst, Advancing Asians in the Workplace: What Managers Need to Know (2003); Catalyst, Advancing Latinas in the Workplace: What Managers Need to Know (2003). 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 23 CHAPTER 4: WOMEN CORPORATE OFFICERS—DOES FORTUNE 500 RANK OR INDUSTRY MATTER?
KEY FINDINGS N Fortune 500 rank was positively related to the percentage of women with clout titles. N Women had greater access to corporate officer positions in industries in which women were 49 percent or more of the total workforce (finance, insurance, real estate, retail trade, and services). N The retail trade industry had the highest percentage of women top earners and women in clout positions.
WOMEN CORPORATE OFFICERS AND FORTUNE 500 RANK The Fortune 500 list ranks companies by revenues. The data for this Census showed no clear relationship between Fortune 500 rank and percentage of women corporate officers.
Table 8: Percentage of Women in Corporate Officer Positions, by Fortune 500 Rank, 2005 Average Number Average Number Women Average Percentage Corporate Officers Corporate Officers Women Corporate Officers F1-100 28.0 4.9 17.5% F101-200 20.8 3.3 15.7% F201-300 19.1 2.9 15.3% F301-400 21.8 3.7 17.1% F401-500 19.0 3.0 15.9% F500 Average 21.8 3.6 16.4%
Further, no clear relationship was found between Fortune 500 rank and share of women top earners, or women in line or staff positions.
24 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 Table 9: Percentage of Women in Top Earner, Line, and Staff Positions, by Fortune 500 Rank, 2005 Top Earners Total Top Earners Number of Women Percentage of Positions Held by Women F1-100 453 28 6.2%
F101-200 461 28 6.1%
F201-300 447 33 7.4%
F301-400 455 27 5.9%
F401-500 434 29 6.7%
Total 2,250 145
F500 Average 6.4% Line Total Positions Number of Women Percentage of Positions Held by Women F1-100 1,352 151 11.2%
F101-200 836 70 8.4%
F201-300 775 73 9.4%
F301-400 1,021 129 12.6%
F401-500 860 90 10.5%
Total 4,844 513
F500 Average 10.6% Staff Total Positions Number of Women Percentage of Positions Held by Women F1-100 1,452 339 23.3%
F101-200 1,240 256 20.6%
F201-300 1,135 219 19.3%
F301-400 1,163 244 21.0%
F401-500 1,039 212 20.4%
Total 6,029 1,270
F500 Average 21.1%
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 25 However, Fortune 500 rank was positively related to the percentage of women in clout title positions: Compared with the lowest ranked companies, higher-ranked companies had higher percentages of women in clout positions. This was mainly a result of Fortune 100 companies having relatively large percentages of women in Executive Vice President positions.
Table 10: Percentage of Women in Clout Positions, by Fortune 500 Rank, 2005 Total Positions Number of Women Percentage of Positions Held by Women F1-100 571 70 12.3% F101-200 521 47 9.2% F201-300 490 45 9.2% F301-400 435 34 7.8% F401-500 366 28 7.7% Total 2,383 224 F500 Average 9.4%
INDUSTRY The data showed large differences in the numbers of women in top leadership positions in different industries. Industries in which women were 49 percent or more of the workforce had higher-than-average shares of corporate officer positions held by women.42 In the FIRE,43 retail trade, and services44 industries, women accounted for 55 percent, 49 percent, and 61 percent of the total labor force, respectively,45 and held 17.6, 19.9, and 19.3 percent of the corporate officer positions, respectively.
Table 11: Percentage of Corporate Officer Positions Held by Women, by Industry, 2005 Percentage Women Percent Women Employed Industry Corporate Officers in Industry
Construction 13.6% 9.6% FIRE 17.6% 55.3% Manufacturing 12.9% 30.0% Mining 9.6% 12.8% Retail Trade 19.9% 48.7% Services 19.3% 60.5% Transportation and Utilities 15.7% 23.5% Wholesale Trade 16.2% 28.7% F500 Average/Industry Average 16.4% 33.6%
42 Women were at least 49 percent of the workforce in both 2000 and 2005 for these industries. Bureau of Labor Statistics, Current Population Survey, unpublished data (2001 and 2006). 43 FIRE stands for financial services, insurance, and real estate. 44 Services include professional and business services, education and health services, leisure and hospitality, and other services (e.g., salons, dry cleaners, funeral homes). 45 Bureau of Labor Statistics, Current Population Survey, unpublished data (2006).
26 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 Women held a higher-than-average percentage of clout positions in the FIRE and retail trade industries.46
Table 12: Percentage of Women in Clout Positions, by Industry, 2005 Percentage Clout Titles Percent Women Employed Industry Held by Women in Industry Construction 2.3% 9.6% FIRE 12.3% 55.3% Manufacturing 3.7% 30.0% Mining 5.0% 12.8% Retail Trade 13.6% 48.7% Services 8.1% 60.5% Transportation and Utilities 8.0% 23.5% Wholesale Trade 7.7% 28.7% F500 Average/Industry Average 9.4% 33.6%
The retail trade industry had the largest percentage of top earners who were women, followed by wholesale trade. Women had the highest share of line positions in services, followed by retail trade and then FIRE. Women were overrepresented in staff positions in all industries except mining.
Table 13: Percentage of Women Top Earners, Line, and Staff Positions, by Industry, 2005 Top Earners Line Staff Percent Women Industry Employed in Industry Construction 3.4% 6.7% 18.5% 9.6% FIRE 6.4% 11.0% 22.8% 55.3% Manufacturing 4.4% 6.8% 17.9% 30.0% Mining 2.7% 1.7% 14.2% 12.8% Retail Trade 8.8% 15.4% 24.4% 48.7% Services 6.8% 16.0% 22.0% 60.5% Transportation and Utilities 6.7% 8.9% 20.2% 23.5% Wholesale Trade 8.4% 8.1% 22.8% 28.7% F500 Average/Industry Average 6.4% 10.6% 21.1% 33.6%
46 These industry advantages were not an artifact of company rank. In a regression with the percentage of clout titles held by women as the dependent variable, there were significantly more clout titles held by women in the FIRE and retail trade industries even when Fortune rank was included in the regression. 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 27 CATALYST VIEWPOINT For Women in Executive Leadership, Fortune 500 Industry Matters N Catalyst research has found that women managers in male-dominated industries suffer the effects of gender stereotyping more than women managers in industries with more equitable distributions of women and men employees. K Men who report to a woman in male-dominated industries are more likely to perceive women as inferior problem-solvers than men with women managers in other industries.47
NThe organizational culture of some industries may also present extra challenges to women in those industries. K Historical norms, expectations, and practices create and sustain barriers that prevent women from advancing.
N Companies in industries in which women represent at least 49 percent of the workforce (e.g., retail trade, FIRE, and services) have successfully mirrored their customer bases. K These companies have significant numbers of women employees, women managers, and women corporate officers. K As more women become middle managers and professionals, more women are making business purchasing decisions; these decisions are often driven by diversity considerations (e.g., corporate general counsel offices insisting that their outside law firms be more diverse).
NTwo primary motivations have led these companies to take serious actions to include women in their leadership ranks. K They want to address existing markets more effectively by better reflecting the population of consumers. K They want to expand into new markets with new demographics, and they need a more diverse management team to understand and respond to these new markets.
N In industries in which women are not traditional employees (e.g., mining, construction, manufacturing), forward-thinking companies have recognized that sustainability and being an employer of choice depends upon diversity. K Catalyst Award winners, such as BP p.l.c. and Shell, have been recognized for their diversity initiatives.
47 Catalyst, Women “Take Care,” Men “Take Charge:” Stereotyping of U.S. Business Leaders Exposed (2005).
28 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 CHAPTER 5: VOICES OF EXPERIENCE—INTERVIEWS WITH WOMEN CORPORATE OFFICERS
KEY FINDINGS N Women corporate officers used a variety of strategies to achieve success within their companies, including: being committed to building the corporate business; developing effective relationships with coworkers; working well on teams; and learning from others within the corporation. NMentors were a key factor in women corporate officers’ success. N Women corporate officers dealt constructively with barriers and failures. N There are several steps that sustained-commitment companies have taken, and that other companies can take, to diversify corporate leadership positions.
WOMEN CORPORATE OFFICERS AT SUSTAINED-COMMITMENT COMPANIES In stark contrast to a number of sobering statistics presented in this report, this chapter highlights the achievements of a select number of Fortune 500 companies that have made solid and consistent progress in placing women in corporate officer positions. These companies have maintained 25 percent or more women corporate officers across multiple Catalyst Censuses since 1995. These sustained-commitment companies have recognized and harnessed the power of diversity by including women in their top corporate ranks. Moreover, they have implemented policies and procedures to ensure that women are well represented at all levels of the corporation.
The sustained-commitment companies identified by Catalyst are:
25 percent or more women corporate officers for all seven Catalyst Censuses, 1995-2005 Avon Products, Inc. Merck & Co., Inc. Nordstrom, Inc. PacifiCare Health Systems Inc. Pitney Bowes Inc. The Gap Inc.
25 percent or more women corporate officers for six of seven Catalyst Censuses, 1995-2005 Kelly Services, Inc.
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 29 LISTENING TO WOMEN CORPORATE OFFICERS To understand the experiences of women corporate officers working for these sustained-commitment companies, and to identify the steps these companies have taken to become leaders in this area, Catalyst conducted in-depth interviews with ten women corporate officers about their experiences in corporate leadership. This qualitative research had two objectives: First, we asked each woman corporate officer about her career advancement and her experiences working for various organizations; and second, we asked these women why their companies had demonstrated such a strong commitment to diversity in corporate leadership and how this commitment was executed. Interviewing proved an excellent methodology for these purposes because it “provides access to the context of people’s behavior and thereby provides a way for researchers to understand the meaning of that behavior.”48
METHODOLOGY From December, 2005, to January, 2006, Catalyst conducted in-depth interviews with ten women corporate officers from five of the seven sustained-commitment companies named above. The interviews were conducted over the phone and averaged 45 minutes in length.The companies from which the officers were drawn represented a range of industries and company sizes, and the women interviewed brought diverse and varied backgrounds and experiences to their companies.49
BECOMING SUCCESSFUL The women corporate officers we interviewed, by definition, had achieved success at work. To better understand how they became successful, Catalyst asked these women what they had done in their careers to advance to officer positions while others had not. Responses were mixed, but one-half of the women emphasized attachment to the company and a focus on the business. As one woman put it:
“I really look at what drives the business, and contribute to what drives the growth of the business.”
Another woman concurred, stating:
“I’m very committed to achieving what you set out to achieve. And if you make a commitment to the organization—to your people—that is truly a commitment. So that sort of focus and resolve to make important things happen in an organization, I think that’s one thing [that has helped me advance when others have not].”
48 Irving Seidman, Interviewing as Qualitative Research: A Guide for Researchers in Education and the Social Sciences (New York: Teachers College Press, 1991): p. 4. 49 Catalyst guaranteed confidentiality to the corporate officers interviewed for this research. Because of the relatively small number of women in the sample, Catalyst does not disclose identifying characteristics in relation to the women or quotations cited here.
30 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 In addition to focusing on the business at hand, almost one-half of the women corporate officers also mentioned their ability to assemble effective teams and build solid relationships as key to their advancement. One woman noted:
“I’ve been able to work effectively through people, to understand other perspectives, to be able to build consensus, or at least [get people to] buy in to the right decisions, and then, over time, to be able to manage people and lead an organization and get them committed to a vision.”
Likewise, another woman stated:
“You’re only as good as the people who work with you. So, I feel like my success is not only my own ability, but largely the ability of the people I’ve developed and created and nurtured around me to make a great organization—not just what I can personally do, but what we can do together.”
A few women corporate officers also named the ability to “look and listen” as another effective tool used in their advancement. According to one woman:
“I've always been a student, always recognizing that you can learn something from everyone— good things or not-so-good things. [It’s] really just tapping into people who have succeeded and have gotten good results and listening to how they’ve done it.”
Other strategies women corporate officers used to advance their careers included: N building trust and demonstrating integrity; N going “above and beyond” the assigned roles and responsibilities to develop new programs or make recommendations for change or improvement; and N dealing with barriers constructively.
WORK-LIFE QUALITY We also asked the women corporate officers what choices, trade-offs, and changes they made to achieve their success. In response, the women most often stated that they proved that work was a priority for them, usually as it related to their personal lives. One woman stated:
“I don’t necessarily have the most balanced life. I won’t say my identity is my work, but it’s certainly a large part of what I do.”
Several of the women emphasized this view and stated that in order to prove they were fully committed to their jobs and their companies, they: sacrificed time with their families, and time for themselves; chose not to have children; or immediately returned to work after the birth of a child. One woman mentioned that she moved frequently, sometimes simply to retain her position, and at other times to advance her career. 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 31 MENTORS AND CAREER ADVICE When asked about career advice and discussions around career development and advancement, all of the women corporate officers mentioned the presence of mentors who had supported them at various times during their careers. The presence and support of these mentors was ubiquitous.
For these women, mentors were most often their current or previous supervisors, although some women corporate officers turned to friends or colleagues for career advice. Regardless of the nature of the relationship, it was clear that having a variety of mentors worked best for these women. As one woman explained:
“I don’t have one-stop shopping ... I don’t turn to the same people [for advice every time], because I take a pulse and a calibration as to who’s going to give me the most relevant information for what I need to know, and they’re not always the same people.”
As evidenced by the data, an array of mentors provided advice and critical information about corporate norms and rules to these women. This support was critical in helping these women advance their careers.
LEVERAGING ADVERSE CIRCUMSTANCES Catalyst also explored the barriers these women corporate officers encountered as well as failures they experienced in their careers—and the concomitant lessons that came with those experiences. The most common theme that emerged from responses to this question was that of being passed over for promotion. A few of the women corporate officers we interviewed named this as a failure or barrier they had experienced. One woman told her story of this failure in the following way:
“I think [one of the barriers] has been … this sort of disease that a lot of companies probably experience, where the person on the outside always looks a lot better than the people on the inside that you know ... [My boss once] brought in [a man] at the same level as me, but then there was a level to which I aspired to be promoted. [My boss] knew this, but he promoted the newer person, who was completely undeserving of it … And this was … just not acceptable [to me]. So, I sat down with [my boss], and I explained … how this was affecting me, and I wanted to know what I needed to do to get there. He laid out a project that he thought would be a good one for me to take on. He said if I would accomplish that, then he would promote me. My code word for the project was ‘broomstick’ … because I thought of it as bringing back the broomstick of the Wicked Witch of the West. And that’s exactly what happened—I brought back the broomstick and I got the promotion. [The new guy] crashed and burned, and left.”
32 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 For another corporate officer, her failure to be promoted was not a result of “the grass is always greener” logic. Instead, she was passed over for promotion in favor of a woman from her own company. By her account:
“I was crestfallen. I was like, ‘What did I do wrong? You know, this is such an affront to me. Should I leave?’ But I had a discussion with [my boss], and at the end of the discussion … I said to him, ‘Well … you’ve obviously made your choice … And so I have two ways to handle this news: I can either deal with it and move on and make it work, or I can leave. And I’ll decide.’ I chose to stay.”
What is evident from this quotation—and what the women corporate officers emphasized when discussing how to deal with barriers and failures—is that barriers must be handled in a constructive way. The experience of a woman of color corporate attorney illustrates this point:
“I’ll never forget the day I went to … moderate a customer dispute. I was waiting for the attorney to return from lunch, and I was sitting there with my two clients, two white guys—I was in the middle and they were on either side—and the lawyer walked in the door and said to the salespeople, because he knew both of them, ‘So, I thought you were bringing your lawyer?’ Well, I chose to use that to my advantage [and consequently] he never regained his equilibrium. So, I could have sat there and said, ‘How dare you? I am the lawyer!’ And what I did was, I just waved at him. I said, ‘They brought me.’ And he never could regain his composure. Well, I settled that very nicely. You know, it was a subconscious thing—he was embarrassed the entire meeting! So I could sit there [and] let that sap my energy and choose to be really hostile, frankly, and instead, I just chuckled to myself and said, ‘Go ahead and underestimate me.’ I just used that to my advantage.”
As evidenced by the fact that all of these women have become corporate officers, it is clear that the hurdles these women faced were just that—barriers faced and overcome at a specific moment in their careers. These barriers did not preclude their rise to the top of the corporation. Instead, these women leveraged these moments to build and refine their leadership skills.
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 33 WHAT WOMEN BRING TO THE TEAM When asked about the ways in which their presence in leadership had affected the performance of their companies’ leadership teams, some of the women corporate officers we interviewed said they were able to use their leadership positions to influence others on the team,50 as well as to encourage the team to address difficult issues in “a pretty transparent and open way,” as one corporate officer said. Some of the corporate officers achieved these goals by being “unfailingly candid and forthcoming,” as one woman declared of herself. Another said:
“I think people [on the leadership team] are a little bit more open [because I am there]. I think people want to know where they stand. People want to know how they're doing. People don’t want things to be sugarcoated, and as painful as some things may be, people respect and appreciate honesty … [I’m] direct, but fair, honest, and respectful.”
COMPANY PRACTICES AND GOALS: SUSTAINING COMMITMENT A portrait of the experiences of women corporate officers at sustained-commitment companies would not be complete without a look at the companies themselves. We asked women corporate officers about particular acts, company policies, and practices that allowed these companies to be successful in advancing women. Women corporate officers noted that to sustain growth of women in corporate leadership, three basic requirements must be met.
1. Commitment across levels and time “[Advancing women] takes a serious commitment of fast-tracking, identifying high-potentials, and you can’t take it for granted … You have to work hard at it, even in a company that does have, by the numbers, a better track record … It still is a serious commitment that needs to be reviewed every year … Whether it’s in promotions, whether it’s in compensation, whether it’s in hiring, making sure we don’t have a percent number in reality, but my theory is that it should be even. Why? Because I think [the gender balance of the company] should reflect the population.”
2. An inclusive culture that boasts women at all levels of the corporation “It’s with the succession planning, looking at your early talent, your key talent, and moving them through the grade levels to ensure you have women in leadership positions. So it’s an ongoing process, and one that starts with women at lower levels and looks at how to bring them up into higher levels, as well as looking for women outside the organization whom you can recruit.”
50 Catalyst research has shown that both women and men in corporations view men leaders as better at “influencing upward.” Interestingly, women corporate officers here named influential communication as their primary strength with respect to the leadership team. While influencing others differs slightly from influencing upward in that the former focuses primarily on peers, the fact that the women sampled here viewed their influence as notable seems contrary to the perceptions of many women and men in corporate leadership. See Catalyst, Women “Take Care,” Men “Take Charge:” Stereotyping of U.S. Business Leaders Exposed (2005).
34 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 3. Measurement and accountability mechanisms that allow companies to track women’s progress and that hold managers accountable for diversity goals “[It truly is] part of the DNA … [Our CEO will] say, ‘Where are your women on the leadership team?’ … [Once] in a foreign country, the comment was, ‘We don’t have to track that under the law here.’ And [the CEO’s] response was, ‘I didn’t ask you what the law requires. I’m telling you what [this company] expects.’”
CATALYST VIEWPOINT Sustained-Commitment Companies Allow Women to Succeed Sustained-commitment companies realize that diverse leadership is not just nice, but necessary for a company to succeed and be sustainable. N Most of these companies have diversity programs in place that reflect the major categories of the Catalyst Award criteria: K Business Rationale K Senior-Level Leadership K Accountability K Communication of Initiative K Replicability K Originality K Target Population and Measurable Results
N Catalyst Award winners realize culture change and results because they work at it over many years. K They set stretch diversity and inclusion objectives consistent with their strategic goals. K They monitor their diversity and inclusion numbers with the same rigor and serious accountability as they use when monitoring their revenue, profit, and market-share numbers.
N Sustainable-commitment companies operate under a true meritocracy. K These companies remove barriers preventing women’s advancement. K When barriers exist, women and others waste time, energy, and resources trying to remove the barriers, effort that could be spent more productively benefiting the company. K When barriers exist, women are in effect removed from the pool of talent from which companies can choose their leadership.
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 35 CHAPTER 6: CONCLUSIONS AND CALL TO ACTION
The numbers in the 2005 Census of Corporate Officers and Top Earners of the Fortune 500 are bleak. Although women did increase their share of corporate officer and top earner positions relative to 2002, the increases were minimal and the decline in growth from previous Censuses was drastic. This decline is surprising, considering that women accounted for 46.4 percent of the labor force, 34.8 percent of all M.B.A. recipients, and 50.6 percent of the managerial and professional workforce.51 In addition, a large number of companies have instituted diversity and inclusion policies that aim to increase the retention and advancement of women.
Figure 14: The Catalyst Pyramid: U.S. Women in Business
T h e C a 1.6% t F500 CEOs a ly s t 6.4% P F500 top earner y s r a 9.4% m i F500 highest t d itles : U 14.7 .S % . F500 board seats W o m 16.4% e F5 n 00 corporate officers in 50. B 6% u Management, p rofessional, and rela s ted occupations in e s 46.4% s U.S. labor force Sources: Current Population Survey, Annual Averages, 2006; Sources: Catalyst,Current 2005Population Catalyst Surve Censusy, Annualof Women Averages, Board Directors 2005; of the Fortune 500; Catalyst,Catalyst2005, 2005 Catalyst Catalyst Census Census of Womenof Women Corporate Board Officers Directors and of Top the Earners Fortune of the500 CatalystFortune, 2005500 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500
This Census demonstrates that there is a considerable amount of work that needs to be done before Fortune 500 companies become meritocracies. Few companies have been able to remove the barriers that prevent women and other diverse employees from achieving the same successes as white men. Across all Fortune 500 quintiles and industries, companies that harbor barriers to the retention and promotion of women will miss opportunities that women’s expertise, skills, and knowledge could bring to decision- making processes. These lost opportunities will certainly lead to competitive disadvantages in the global marketplace.
51 Bureau of Labor Statistics, Current Population Survey, Annual Averages (2006) and The Association to Advance Collegiate Schools of Business (AACSB), Overview of U.S. Business Schools, 2004-2005 (2006). 36 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 CALL TO ACTION Gender diversity in the workplace is supported by a compelling business case that argues for the health and sustainability of the organization. Certainly a 35.1 percent higher return on equity (ROE) would be very attractive to any CEO.52 CEOs and senior leadership know they can create tremendous change in their organizations by modeling and demanding desired behaviors. It’s up to CEOs and senior leadership to take the next steps.
1. DEFINE THE BUSINESS CASE FOR DIVERSITY AND INCLUSION In the United States, demographics in the marketplace and employee base are changing dramatically. In order to be successful, companies need to be an employer of choice. Companies that can attract, retain, and promote diverse employees will expand the talent pool available to them at all levels. A larger talent pool will mean a greater likelihood of success in the marketplace.
At the same time, new customers, employees, and suppliers now come from all parts of the world, and it is important that leadership at companies with global presence reflect this reality. Breaking into new markets, understanding different employee cultures, and negotiating with non-U.S. suppliers often requires a deep knowledge of country-specific work styles, expectations, and practices.A diverse leadership team is more likely to have this knowledge, and, therefore, success, than a homogeneous team.
2. DEMAND DIVERSITY Organizational change will only come when it is clear that CEOs and senior leadership believe diversity is integral to the achievement of key business goals. CEOs must demand diversity and lead with actions that demonstrate the business importance of diversity. A prime example of leading with actions is for CEOs to demand and support diverse slates, diverse selection teams, and diverse outcomes when executive positions are filled. Although Boards must approve all corporate officers, we know that they generally support the candidates CEOs recommend. CEOs who recommend diverse candidates to their Boards demonstrate their commitment to diverse leadership teams, and the rest of the organization will take note.
3. BREAK THROUGH STEREOTYPES Catalyst research shows that stereotyping of women is a key barrier to women’s advancement. In particular, men managers perceive themselves as much better problem-solvers than women managers. However, meta-analysis of more than 40 studies on leadership shows there are few differences between women and men in workplace behavior and style.53 Clearly, actions, results, and merit should determine advancement in the workplace, rather than stereotypic perceptions.
52 Catalyst, The Bottom Line: Connecting Corporate Performance and Gender Diversity (2004). 53 Alice H. Eagly and Blair T. Johnson, “Gender and Leadership Style: A Meta-Analysis,” Psychological Bulletin, vol. 108, no. 2 (September 1990): p. 233-256.
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 37 To break through stereotyping that might otherwise pigeonhole women’s talents, examine and look beyond your own stereotypes and the stereotypes that are potentially propagated by your leadership team. Don’t insist that women spend their valuable energies on disproving stereotypes. Alternatively, don’t penalize women whose behaviors don’t fit stereotypes. Most importantly, don’t let assumptions based on stereotypes limit your expectations of women and what they can contribute to your organization.
Eliminate double standards that may become evident in the performance review process. For example, women are often penalized for lack of good citizenship, while men are not. At the same time, men often receive credit for good citizenship, while women do not. When a woman is penalized for a certain behavior, ask her manager if the same behavior is acceptable from men. Challenge managers who make vague comments such as “She’s not the right fit” or “She has sharp elbows” to cite rigorous gender-neutral facts to support their claims—these types of statements are often code for biases.
4. EXPECT THE BEST Instead of assuming what women can’t do at work, provide opportunities for women to prove what they can do. Have high expectations for their contributions, and challenge them with meaningful work. Have equally high expectations for what your organization can do to advance women. Expect participation from all levels, not only your direct reports.
5. HOLD EVERYONE ACCOUNTABLE Everyone from the CEO to senior leadership to local managers must be responsible for creating a diverse and inclusive culture at work. CEOs must insist on accountability mechanisms that will induce behavioral change. Measure hard data and tie success or failure in achieving goals to major incentives that will kindle the transformation you demand.
The 2006 Catalyst Award recipients—BP p.l.c., The Chubb Corporation, and Safeway Inc.—reached new heights in this respect, as they all implemented diversity and inclusion initiatives that not only had specific, quantifiable goals and metrics, but also had significant monetary and performance evaluation incentives for the achievement of those goals.54
6. COMMUNICATE A diversity strategy will only succeed if it is communicated throughout an organization clearly and often at all levels of the organization. The following actions will help. N Explain the business case for diversity. N Talk about stereotyping and its effects.
54 For more information about Catalyst Award winners and the Awards process, visit www.catalyst.org.
38 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 N Challenge “code speak”and performance reviews that reflect double standards that hold women and men to different assumptions, behaviors, or metrics. N Motivate managers to judge results and merits, not gender, color, or style. N Make the recruitment and promotion processes transparent so everyone is held to the same standards and every qualified employee has an equal chance at open jobs. N State your expectations explicitly and hold the appropriate managers accountable for fulfilling them. N Consistently utilize diversity scorecards that can precisely measure change over time and highlight progress and setbacks. NPublicly celebrate successes.
2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 39 ACKNOWLEDGMENTS
Catalyst is grateful to our contacts at the Fortune 500 companies for verifying their company data, without which we would not have as accurate a picture of women in corporate leadership.
This report came to fruition through the hard work of many Catalyst staff members. Catalyst President Ilene H. Lang contributed her vision and business expertise. Nancy Carter, Ph.D.,Vice President of Research, provided leadership and guidance in developing this report and its findings. Lois Joy, Ph.D., provided leadership and project development, conducted data analysis, and authored the report. Meesha Rosa managed and planned the project and database, analyzed data, and contributed to data collection. Mathieu Belanger, Ph.D., provided technical consulting, database management, and data analysis. Kate Egan provided project development and management, data collection, data analysis, and contributed to data presentation in charts and graphs.
Donya Williams managed and planned the project and data collection. The team of Kenitra Boone, Niloufer Keravala, Jennifer Schumacher-Kocik, and Jael Labriel worked with the companies to verify information and ensure the accuracy of the data.
Catalyst also thanks Emily Troiano, Staci Kman, and Deepali Bagati, Ph.D., who fact-checked this report. Jan Combopiano provided secondary research materials for the report.
We acknowledge Heather Foust-Cummings, Ph.D., who, in addition to conducting interviews with women corporate officers, authored Chapter 5. We thank David Megathlin and Staci Kman for their assistance in developing the women corporate officer interview protocols, interviewing women corporate officers, analyzing the interview data, and managing the interview process.
Joy Ohm contributed substantive revisions and, along with Kara Patterson, edited the report. Kristine Ferrell designed the report. We are also grateful to Susan Nierenberg and the Public Affairs team, Caroline Marvin and Sarah Tremallo, for publicizing the report.This was all done under the guidance of Debbie Soon, Vice President of Marketing and Executive Leadership Initiatives. Ilene H. Lang, Debbie Soon, and Anabel Perez, Vice President of Member Relations, secured funding for the report.
And finally, thanks to our sponsors, DuPont and Heidrick & Struggles.
40 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 APPENDIX 1: METHODOLOGY
Since 1995, Catalyst has been counting the numbers of women in corporate officer positions in Fortune 500 companies. Our verification and reporting methodology has remained consistent over time. As in previous years, our data collection method consisted of first gathering publicly available data on corporate officers by company. In June, 2005, we sent this list to our contacts at each Fortune 500 company and asked them to verify the data for their company by either adding or subtracting names as appropriate and fact-checking names and titles. Contacts, which varied by company, included human resources directors and employees in investor relations and the diversity department. Names of contacts were obtained from the previous Census database, recommendations from the prior company contact, or an outside source.
The list of the Fortune 500 companies was based on the April 18, 2005, publication of Fortune magazine. The letter sent to the contact requested the companies to: N Confirm the company’s total number of board-elected or board-appointed corporate officers55 in the period between April 1, 2004, and March 31, 2005. N Verify the aggregate racial/ethnic information for all corporate officers as well as each individual’s gender.
Within two weeks of mailing the letters to the company contacts, the Catalyst Census team made follow- up phone calls to all of the non-responding companies to ensure the contacts received the verification forms and to answer any questions the contact may have had. If a company did not verify during this time period, Catalyst’s President sent a letter to the company’s chief executive officer informing the CEO that we had not received the company-vetted data, and that we would publish publicly available information if the company did not provide verification.
For those companies that did not verify, despite repeated attempts on Catalyst’s part, the Census team obtained the data from public sources, including annual reports, 10-K statements, and proxy statements.
In total, 263 letters to company CEOs were sent. The team made a total of 858 phone calls. We received 310 verifications, making our verification rate 62 percent.
55 Catalyst used a more precise definition of corporate officer when conducting the Census this year. Catalyst counted only board-elected or board- appointed executives in this year’s Census. In previous years, Catalyst allowed companies to define who their corporate officers were. 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 41 APPENDIX 1: METHODOLOGY
When we compared the percentage of women corporate officers from the verified sample with the percentage of women corporate officers from the public data sample for the same companies, we saw that public and verified data were virtually the same. For these companies, publicly available data showed that 16.2 of corporate officers were women, while the verified data showed that 16.4 percent were women. As a result of this test, we believe the low verification rate does not appreciably alter the results.
The Catalyst Census is a snapshot in time. It represents the gender and racial/ethnic diversity of the corporate officers of Fortune 500 companies for the time period between April 1, 2004, and March 31, 2005. Catalyst continues this work in order to highlight progress towards a diverse workplace.
42 2005 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
3M (105) ALBERTSON'S (35) AMERICAN INTERNATIONAL GROUP, INC. (9) Asst. Secretary EVP SVP Chief Accounting Officer EVP, Human Resources VP SVP, Human Resources ALCOA, INC. (79) AMERICAN STANDARD COMPANIES, INC. (238) VP, Mergers & Acquisitions Asst. Controller SVP ABBOTT LABORATORIES (100) Asst. General Counsel, Frigid Packaging, AMERISOURCEBERGEN CORP. (23) SVP Foil & Asia Manager, Stockholder Relations ADVANCE AUTO PARTS, INC. (487) Asst. Secretary (3) SVP, Human Resources None Asst. Treasurer (2) AMGEN (212) ADVANCE MICRO DEVICES, INC. (387) EVP, Corporate Development None SVP Secretary AMR CORPORATION (119) AES CORPORATION (226) VP VP, Corporate Development Corporate Asst. Secretary VP,Audit VP, Corporate Human Resources SVP, Global Development VP, Human Resources VP, Corporate Real Estate VP ALLIED WASTE INDUSTRIES (362) VP, Customer Services Planning VP, Communications VP VP, Human Resources, Operations Support VP, Financial Controls & Processes ALLSTATE CORPORATION (51) VP, Interactive Marketing & Reservations VP, Integrated Utilities: IPL SVP VP, Onboard Service AETNA INC. (108) SVP, Human Resources VP, Realtime & Analytical Systems SVP, Dental ALLTEL CORPORATION (265) VP, Safety, Security & Environmental SVP, Human Resources Controller ANADARKO PETROLEUM CORP. (333) VP (2) ALTRIA GROUP, INC. (17) VP (2) VP, Aetna Workers' Compensation Access SVP, Mergers & Acquisitions ANHEUSER-BUSCH COMPANIES, INC. (139) VP, Behavioral Health VP Asst. Secretary VP, Business Solutions AMAZON.COM INC. (303) VP (2) VP, Key Accounts SVP VP, Communications VP, National Customer Operations AMERADA HESS CORPORATION (126) VP, Communications & Consumer Affairs VP, Small Group & Individual None VP, Labor & Benefits Law VP, Strategic Systems & Processes AMEREN CORPORATION (380) AON CORPORATION (218) AFFILIATED COMPUTER SERVICES, INC. (460) SVP Treasurer EVP, Commercial Operations VP, Transmission APACHE CORPORATION (367) SVP, Human Resources AMERICAN ELECTRIC POWER COMPANY (148) Corporate Secretary SVP, Marketing & Communications EVP VP VP, Ethics EVP,AEP Utilities - East VP, Oil & Gas Marketing AFLAC INCORPORATED (158) President & COO, IN/MI APPLE COMPUTER, INC. (263) EVP SVP, Shared Services SVP SVP (3) AMERICAN EXPRESS COMPANY (62) APPLIED MATERIALS, INC. (270) SVP, Claims, Agents' Accounting/Remittance EVP SVP Processing, Aflac New York Administration EVP, Human Resources & Quality VP SVP, Community Relations AMERICAN FAMILY INS. GROUP (313) VP, Global Human Resources SVP, Policy Services VP, Claims ARAMARK CORPORATION (219) AGCO CORPORATION (374) VP, Education Asst. Treasurer None VP, Human Resources EVP, Human Resources AGILENT TECHNOLOGIES INC. (290) AMERICAN FINANCIAL GROUP, INC. (472) ARCHER-DANIELS-MIDLAND COMPANY (44) SVP, Human Resources Asst. Controller Group VP, Finance VP (2) VP (2) VP, Government Relations AIR PRODUCTS & CHEMICALS, INC (281) VP, Investor Relations ARROW ELECTRONICS, INC (207) VP, Human Resources VP,Taxation President, Arrow Asia/Pacific AK STEEL HOLDING CORPORATION (376) VP, Global Human Resources Asst. Secretary VP, Global Strategy & Operations
† See addendum notes on page 89. 43 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
ARVINMERITOR, INC. (244) BALL CORPORATION (360) BIG LOTS, INC. (441) SVP, Communications None SVP, Merchandise Planning & Allocation VP BANK OF AMERICA CORPORATION (18) VP (3) ASBURY AUTOMOTIVE GROUP, INC. (358) Global Risk Executive VP,Allocation SVP Global Technology, Service & Fulfillment VP,Associate Relations & Development ASHLAND INC. (252) Executive VP, Human Resources Services Treasurer BANK OF NEW YORK COMPANY, INC. (293) VP, Real Estate Administration VP, Communications & Corporate Affairs EVP (3) VP, Store Operations VP, Environmental Health & Safety SEVP VP,Transportation Service VP, Human Resources BARNES & NOBLE INC. (335) BJ'S WHOLESALE CLUB, INC. (284) VP, Purchasing & Logistics CEO, Barnes & Noble.com EVP, Merchandising ASSURANT, INC. (282) SVP, Corporate Communications & Public Affairs SVP EVP VP, Human Resources SVP SVP BAXTER INTERNATIONAL (237) VP (10) SVP, Finance Corporate VP (2) VP,Asst. General Counsel AT&T CORP. (56) Corporate VP, Human Resources VP, Operations, Zone 1 EVP, Human Resources BB&T CORPORATION (312) THE BLACK & DECKER CORPORATION (359) AUTOLIV, INC. (329) SEVP SVP, Public Affairs None THE BEAR STEARNS COMPANIES, INC. (258) VP AUTOMATIC DATA PROCESSING, INC. (277) None THE BOEING COMPANY (25) Corporate VP (3) BEAZER HOMES USA, INC. (473) SVP AUTONATION, INC. (112) None SVP, Office of Internal Governance None BECTON, DICKINSON AND COMPANY (388) BORDERS GROUP INC. (475) AUTO-OWNERS INSURANCE GROUP (407) President, BD Asia-Pacific None None President, North Latin America BOSTON SCIENTIFIC CORPORATION (352) AUTOZONE, INC. (350) VP, Corporate Regulatory, Public Policy & EVP, Human Resources SVP, Human Resources & Loss Prevention Communication SVP, Clinical & Regulatory SVP, Marketing BED BATH & BEYOND, INC. (434) BRINKER INTERNATIONAL, INC. (492) VP EVP, Christmas Tree Shops Inc. EVP, Marketing & Brand Development VP, Loss Prevention President, Christmas Tree Shops Inc. EVP, People Works VP, Merchandising VP (3) SVP, Romano's Macaroni Grill VP, Replenishment VP, Customer Service VP AVAYA INC. (451) VP, Human Resources VP, Business Solutions SVP VP, Marketing VP, Concept Development, On The Border SVP, Human Resources VP, Purchasing Mexican Grill & Cantina AVERY DENNISON CORPORATION (366) VP, Store Operations VP, Concept Strategy, Chili's Grill & Bar SVP, Worldwide Communications and BELLSOUTH CORPORATION (87) VP, Corporate Accounting Advertising Chief Marketing Officer VP, Human Resources & Training, Romano's VP (3) President, Consumer Services Macaroni Grill VP, Strategy and Business Development, Retail President, Regulatory & External Affairs VP, Human Resources, Corner Bakery Café Information Services State President, North Carolina VP, Human Resources, Training & Development AVNET, INC. (217) SVP, Corporate Compliance VP, Innovation None VP VP, Investor Relations AVON PRODUCTS, INC. (278) VP, Communications Group VP, Marketing, Culinary & Beverages, On The Chairman & CEO BERKSHIRE HATHAWAY INC. (12) Border Mexican Grill & Cantina EVP Director, Internal Auditing VP, Marketing, Romano's Macaroni Grill President & COO Director, Taxes VP, People & Performance SVP, Business Transformation BEST BUY CO. INC. (77) VP, People Services SVP, Communications EVP, Human Capital & Leadership VP, Property Management BAKER HUGHES INCORPORATED (330) SVP VP, Real Estate Development Corporate Secretary VP, Tax
44 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
BRINK’S COMPANY (409) VP, Management Information Systems CFO, Citigroup Inc. None CATERPILLAR, INC. (57) Chairman, Global Consumer Group BRISTOL-MYERS SQUIBB COMPANY (93) Asst. Secretary (2) Chief Auditor, Citigroup Inc. President, Global Marketing VP, Global Mining Chief Marketing Officer, Global Consumer SVP, Corporate Development & Business CDW CORPORATION (347) Group Development Asst. Corporate Secretary Chief Operations & Technology Officer, Citigroup BRUNSWICK CORPORATION (377) SVP Inc. Asst. Secretary, Law (2) VP (3) EVP, Commercial Business Group VP (2) VP, Business Development EVP, Global Consumer Group VP, Corporate & Investor Relations VP, Learning & Development EVP, International Cards, Global Consumer VP,Tax CENDANT CORPORATION (107) Group BURLINGTON NORTHERN SANTA FE CORP. (200) Chief Administrative Officer Head, Operations & Technology, Global Wealth Treasurer EVP Management VP President, ERA Franchise Systems, Inc. Head, Risk Management, Corporate & VP, Human Resources & Medical CENTERPOINT ENERGY, INC. (209) Investment Banking VP, Investor Relations VP,Audit Services Managing Director, GWM Head of BURLINGTON RESOURCES INC. (353) CENTEX CORPORATION (204) Communications, Global Wealth Management VP, Investor Relations & Corporate VP Managing Director Communications THE CHARLES SCHWAB CORPORATION (411) President, Latin America Region, Global Wealth C. H. ROBINSON WORLDWIDE, INC. (442) EVP (3) Management VP EVP, Human Resources Sr. Deputy Counsel, Citigroup Inc. VP, Human Resources CHARTER COMMUNICATIONS (390) Sr. Managing Director, Women & Company, VP,Transportation None Global Consumer Group CABLEVISION SYSTEMS CORPORATION (394) CHEVRONTEXACO CORPORATION (6) † SVP, Global Community Relations, Citigroup Inc. SVP Corporate Secretary Treasurer, Global Consumer Group CAESARS ENTERTAINMENT (401) EVP, Downstream VP, Global Government Affairs, Corporate & None VP, Health, Environment & Safety Investment Bank CALPINE CORPORATION (242) VP, Policy Government & Public Affairs CLEAR CHANNEL COMMUNICATIONS, INC. (239) EVP (2) CHS INC. (198) SVP SVP, Corporate Acquisitions None SVP, Corporate Affairs SVP, Marketing & Sales CHUBB CORPORATION (161) SVP, Corporate Relations CAMPBELL SOUP CO. (297) EVP SVP, Finance SVP (3) VP (2) SVP, Government Affairs SVP, Law & Government Affairs CIGNA CORPORATION (122) VP, Corporate Accounting CAPITAL ONE FINANCIAL CORPORATION (206) Corporate Secretary, CIGNA Corporation VP, Corporate Reporting EVP EVP VP, Corporate Tax CARDINAL HEALTH, INC. (16) VP, CIGNA Corporation THE CLOROX COMPANY (445) EVP CINCINNATI FINANCIAL CORPORATION (500) Group VP EVP, Human Resources None SVP, Human Resources CAREMARK RX, INC. (73) CINERGY CORP. (412) VP (3) EVP, Compliance & Integrity Corporate Secretary VP, Corporate Procurement & Contract SVP VP Manufacturing CARMAX, INC. (422) VP, Finance VP, Customer Capability Development Asst. VP CIRCUIT CITY STORES, INC. (231) VP, Manage Information Asst. VP,Advertising SVP VP, Marketing, Laundry & Home Care New Asst. VP, Public Affairs CISCO SYSTEMS, INC. (91) Business Asst. VP, Business Operations VP VP, Research & Development, Laundry and Asst. VP, Investor Relations CIT GROUP, INC Home Care Region VP None VP, Research & Development, Specialty Products VP CITIGROUP, INC. (8) VP, Sales, Laundry & Home Care VP, CarMax Auto Finance Chief Compliance Officer, Corporate & VP, Technology Center of Expertise Investment Banking † See addendum notes on page 89. 45 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
CMS ENERGY CORPORATION (356) CONSOLIDATED EDISON, INC. (228) VP VP (3) EVP, Finance & Regulatory CUMMINS (257) VP, Customer Operations, Consumers Energy Secretary, Office of the Secretary EVP, CFO & Chief of Staff VP, Investor Relations SVP, Customer Operations VP (4) CNF INC. (339) SVP, Gas Operations VP, Human Resources SVP SVP, Public Affairs VP, Marketing & Environmental Policy VP VP, Energy Management CVS CORPORATION (55) COCA-COLA COMPANY (92) VP, Gas Operations VP, Investor Relations Asst. Secretary (2) VP, Purchasing D.R. HORTON, INC. (203) EVP CONSTELLATION ENERGY GROUP, INC. (167) EVP SVP (3) EVP DANA CORPORATION (201) VP (9) SVP None COCA-COLA ENTERPRISES, INC. (123) CONTINENTAL AIRLINES, INC. (232) DANAHER (306) Asst. Controller, Financial Reporting & SVP None Accounting SVP, Flight Operations DARDEN RESTAURANTS, INC. (386) EVP, Financial Services & Administration SVP, Government Affairs SVP (4) SVP COOPER TIRE & RUBBER COMPANY (470) DEAN FOODS COMPANY (205) VP Corporate Controller EVP VP, Information Technology VP (2) SVP VP, Risk Management CORNING INC. (480) DEERE & COMPANY (106) COLGATE-PALMOLIVE COMPANY (210) Secretary Chief Compliance Officer Vice Chairman SVP (2) VP, Investor Relations VP, Investor Relations SVP, Corning Incorporated VP,Worldwide Marketing & Order Fulfillment - COLLINS & AIKMAN CORPORATION (474) COSTCO WHOLESALE CORPORATION (29) Worldwide Commercial and Consumer SVP, Global Supply Chain Management SVP Equipment Division COMCAST CORPORATION (102) SVP, E-Commerce & Publishing DELL (28) SVP, Content Development VP (12) None VP, Administration VP, Corporate Merchandising DELPHI CORPORATION (63) VP, Corporate Communications VP, E-Commerce Merchandising Corporate Secretary VP, Human Resources COUNTRYWIDE FINANCIAL CORPORATION (150) Treasurer VP, Investor Relations Senior Managing Director (2) VP COMMERCIAL METALS COMPANY (404) COVENTRY HEALTH CARE INC. (371) VP, Corporate Affairs, Marketing Controller VP Communications & Facilities COMPUTER SCIENCES CORPORATION (142) COX COMMUNICATIONS, INC. (322) DELTA AIR LINES, INC. (138) None Asst. Secretary President, Song CONAGRA FOODS, INCORPORATED (121) Controller SVP, In-Flight Service President, ConAgra Foods Foundation SVP VP,Airport Customer Service - East SVP, Product Quality & Development SVP, Operations VP, Consumer Marketing VP, Human Resources VP (2) VP, Corporate Tax VP, Taxes VP, Communication & Public Affairs VP, Finance Marketing & International VP, Workforce Effectiveness VP, Customer Care VP, Human Resources CONOCOPHILLIPS (7) VP, Materials Management VP, Sales & Distribution Asst. Controller VP, People Services DEVON ENERGY CORPORATION (243) Corporate Secretary VP, Programming Asst. Secretary VP, Human Resources VP, Strategy Corporate Secretary VP, Upstream Planning & Portfolio Management VP,Talent & Development SVP,Administration CONSECO, INC. (443) CROWN HOLDINGS, INC. (289) DILLARD'S INC. (274) EVP, Human Resources Asst. Secretary EVP SVP, Internal Audit CSX (269) VP SVP, Investor Relations SVP, Law & Public Affairs VP, Merchandising (2)
46 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
DIRECTTV GROUP, INC. (179) Director, Global Sites & Kodak Rochester VP, Supply Chain None Operations ENGELHARD CORPORATION (456) DOLE FOOD COMPANY, INC. (369) General Manager, Worldwide Film Capture, None EVP Digital & Film Imaging Systems ENTERGY CORPORATION (221) SVP, Human Resources President, Display & Components President, Entergy Louisiana VP (2) EATON CORPORATION (227) President, Entergy Mississippi DOLLAR GENERAL CORPORATION (280) VP ENTERPRISE PRODUCTS PARTNERS, L.P. (260) EVP VP, Communications Asst. Secretary (2) EVP, Store Operations & Store Development VP, Human Resources VP (2) DOMINION RESOURCES, INC. (151) ECHOSTAR COMMUNICATIONS CORPORATION ERIE INSURANCE GROUP (425) SVP (291) Regional VP, Heartland Region SVP, External Affairs None SVP, Human Resources VP ECOLAB INC. (455) THE ESTEE LAUDER COMPANIES INC. (346) VP, Business Planning & Market Analysis SVP, Human Resources EVP VP,Tax SVP, Research Development & Engineering EVP, Global Communications DOVER CORPORATION (354) EDISON INTERNATIONAL (187) Senior Corporate Vice President None SVP, Business Integration EXELON CORPORATION (145) THE DOW CHEMICAL COMPANY (34) VP EVP (2) None VP, Community Involvement EXPRESS SCRIPTS, INC. (137) DTE ENERGY COMPANY (296) VP, Corporate Communications SVP, Product Management VP VP, Investor Relations EXXON MOBIL CORPORATION (2) DUKE ENERGY (86) VP, Public Affairs, Washington, DC VP, Human Resources President, Duke Power Company EL PASO CORPORATION (314) VP, Safety, Health & Environment DYNEGY INC. (327) President, El Paso Production & Non-regulated FAMILY DOLLAR STORES, INC. (373) EVP Operations Asst. Secretary E.I. DU PONT DE NEMOURS (66) ELECTRONIC DATA SYSTEMS (95) SVP Chief Marketing & Sales Officer EVP, Human Resources SVP, Strategy & Development Group VP, DuPont Safety & Protection ELI LILLY AND COMPANY (152) VP President, DuPont Capital Management SVP, Human Resources VP, Information Technology Operations Corporation VP FEDERAL-MOGUL CORPORATION (326) VP VP, Corporate Affairs VP, Corporate Communications VP, DuPont Central Research & Development VP, Six Sigma FEDERATED DEPARTMENT STORES, INC. (133) VP, DuPont Corporate Operations EMC CORPORATION (266) SVP VP, DuPont Corporate Strategy EVP Vice Chairperson (2) VP, DuPont Finance SVP VP,Area Research VP, DuPont Governmental Affairs EMCOR GROUP, INC. (406) VP, Corporate Communications & External VP, DuPont Public Affairs VP, Human Resources Affairs VP, Government & Consumer Markets VP, Marketing & Communications VP, Internal Audit VP, Strategic Planning & New Business EMERSON ELECTRIC CO. (134) FEDEX CORPORATION (78) Development-DuPont Agriculture & Nutrition SVP None EASTMAN CHEMICAL (316) VP FIDELITY NATIONAL FINANCIAL, INC. (261) SVP VP,Audit None EASTMAN KODAK COMPANY (153) VP, Executive Compensation FIFTH THIRD BANCORP (317) Asst. Secretary, Legal & Patent ENBRIDGE ENERGY PARTNERS, L.P. (448) President, Western Michigan Chairman, Greater Asia Region Controller SVP Chairman, Greater China ENERGY EAST CORPORATION (400) THE FIRST AMERICAN CORPORATION (309) Chief Diversity Officer, Global Diversity President, Berkshire Gas VP Chief Information Officer, Worldwide President, CMP VP, Affiliated Business Ventures Information Systems VP, Public Affairs VP, Corporate Communications
† See addendum notes on page 89. 47 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
VP, Corporate Services EVP, Merchandising, Gap EVA Chairman & CEO VP,Workforce Services EVP, Merchandising, Old Navy THE GOLDMAN SACHS GROUP, INC. (59) FIRST DATA CORPORATION (223) EVP, Product & Design Development Assoc. General Counsel EVP EVP, Product Design & Development, Banana Asst. Secretary President, First Data International Republic Asst. Treasurer (3) President, Western Union EVP, Product Design & Development, Old Navy EVP FIRSTENERGY CORP. (163) SVP Global Head of Firmwide Business Selection & Asst. Controller SVP, Brand Strategy Conflict Clearance Asst. Corporate Secretary SVP, Corporate Human Resources Principal Accounting Officer SVP SVP, Corporate Human Resources, Performance Vice Chairman FISHER SCIENTIFIC INTERNATIONAL, INC. (414) Management GOODRICH CORPORATION (408) None SVP, Finance Segment President, Electronics Systems FLUOR (241) SVP, Marketing, Old Navy SVP, Human Resources VP, Investor Relations SVP, Merchandising, Banana Republic VP FOOT LOCKER, INC. (365) SVP, Merchandising, Old Navy THE GOODYEAR TIRE & RUBBER COMPANY (120) SVP, Human Resources SVP, Product Development SVP, Human Resources SVP, Strategic Planning SVP, Product Development, Old Navy (2) VP, Government Relations VP, Human Resources SVP,Treasury GRAYBAR ELECTRIC COMPANY, INC. (462) FORD MOTOR COMPANY (4) GATEWAY (495) VP, Human Resources & Strategic Planning Group VP, Canada, Mexico & South America None GROUP 1 AUTOMOTIVE, INC. (361) President, Ford of Mexico GENERAL DYNAMICS CORPORATION (115) None VP SVP, Planning & Development GUARDIAN LIFE INS. CO. OF AMERICA (251) VP, Environmental & Safety Engineering VP SVP, Corporate Marketing VP, Global Quality GENERAL ELECTRIC COMPANY (5) GUIDANT CORPORATION (485) VP, Human Resources VP (2) President, Cardiac Surgery VP, Investor Relations VP, Corporate Audit Staff VP (3) FORTUNE BRANDS, INC. (301) VP, Corporate Business Development H&R BLOCK, INC. (454) VP VP, Executive Development SVP, Human Resources FPL GROUP, INC. (213) VP, Government Relations H.J. HEINZ COMPANY (259) VP GENERAL MILLS, INC. (197) Corporate Secretary VP, Corporate Communications SVP VP, Corporate Audit VP, Internal Audit SVP, Corporate Affairs VP, Corporate Communications GANNETT CO., INC. (283) VP (3) VP, Government Affairs & Economic Chairman, Phoenix Newspapers, Inc. GENERAL MOTORS CORPORATION (3) Development Group President, Indiana Newspaper Group GM VP, Environment & Energy HALLIBURTON COMPANY (101) Senior Group President, Midwest Newspaper GM VP, Global Human Resources VP Group Group VP VP, Investor Relations SVP Secretary HARLEY-DAVIDSON, INC. (368) SVP, Gannet Television GENUINE PARTS COMPANY (245) Asst. Secretary VP VP, Finance Asst. Treasurer VP, Compensation & Benefits GEORGIA-PACIFIC CORPORATION (109) President, Harley-Davidson Financial Services VP, Corporate Communications EVP, Human Resources VP THE GAP, INC. (130) President, North American Commercial Business VP, Communication Division EVP, Old Navy Finance VP, Corporate Communications & Corporate VP, Enthusiast Services Division President, Banana Republic Marketing VP, General Merchandise Division President & Executive VP Gap Brand VP, Investor Relations VP, Harley-Davidson Financial Services Division President, Old Navy GILLETTE COMPANY (215) VP, Marketing EVP President, Personal Care HARRAH'S ENTERTAINMENT, INC. (396) EVP, Human Resources SVP SVP,Acquisition Marketing EVP, Marketing, Old Navy GOLDEN WEST FINANCIAL CORPORATION (435) SVP, Communications & Government Relations
48 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
HARTFORD FINANCIAL SERVICES GROUP INC. IKON OFFICE SOLUTIONS, INC. (415) J.P. MORGAN CHASE & CO. (20) (88) SVP, Human Resources Executive Committee & Chief Investment Officer EVP, Human Resources SVP, Marketing Executive Committee, Legal & Compliance Group SVP, Corporate Relations SVP, Operations Executive Committee, Treasury & Securities SVP VP Services HCA INC (80) ILLINOIS TOOL WORKS, INC. (183) Executive Committee, Treasury Services President, Financial Services Group None JABIL CIRCUIT, INC. (324) President, Outpatient Services Group INGRAM MICRO, INC. (76) VP, Communications & Investor Relations SVP, Government Programs SVP JACOBS ENGINEERING GROUP INC. (423) SVP, Operations Finance INTEL CORPORATION (50) SVP, Human Resources HEALTH NET, INC. (185) Corporate Secretary JEFFERSON-PILOT CORPORATION (461) SVP, Organization Effectiveness SVP EVP HENRY SCHEIN VP (3) JOHNSON & JOHNSON (30) None INTERNATIONAL BUSINESS MACHINES CORP. Vice Chairman HERSHEY FOODS CORPORATION (436) † (10) VP SVP General Manager, eServer xSeries VP,Advertising HEWLETT-PACKARD COMPANY (11) General Manager, France & North Africa VP, Human Resources EVP General Manager, Global Business VP, Technical Resources EVP, Human Resources Transformation Outsourcing, Business Worldwide Chairman, Consumer & Personal EVP,Technology Solutions Group Consulting Services Care Group SVP General Manager, Global Industrial Sector JOHNSON CONTROLS, INC. (71) THE HOME DEPOT, INC. (13) General Manager, Information Management SVP Division President, Canada & EXPO Design General Manager, Northeast Europe VP, Human Resources Center Senior Managing Partner, Business Consulting VP, Strategy, Investor Relations & EVP Services Communication VP, Investor Relations SVP, Enterprise OnDemand Transformation JONES APPAREL GROUP, INC. (416) HONEYWELL INTERNATIONAL INC. (75) SVP, Marketing EVP, Finance President, Specialty Materials INTERNATIONAL PAPER COMPANY (70) President, Footwear, Accessories, & Retail Group President, Transportation Systems EVP KB HOME (300) VP, Strategy & Business Development SVP SVP, Marketing HORMEL FOODS CORPORATION (402) VP, Communications SVP, Studios Director, Corporate Communications VP, Container Americas VP (2) VP VP, Corporate Marketing VP, Compensation & Benefits HOST MARRIOTT CORPORATION (486) VP, Investor Relations VP, Management Development EVP VP, Legal VP, National Purchasing SVP, Human Resources VP, Public Affairs KELLOGG COMPANY (234) † HOVNANIAN ENTERPRISES, INC. (457) VP,Wood Products SVP, Corporate Affairs Asst. VP INTERNATIONAL STEEL GROUP, INC. (248) † SVP,Worldwide Product Innovation & SVP, Human Resources VP, Human Resources Operations VP, Audit Services INTERPUBLIC GROUP OF COMPANIES, INC. (332) VP VP, Human Resources SVP VP, Human Resources VP, Mergers & Acquisitions ITT INDUSTRIES, INC. (308) VP, Research, Quality & Technology HUGHES SUPPLY, INC. (437) SVP KELLY SERVICES, INC. (389) None VP (2) SVP (2) HUMANA INC. (162) J.C. PENNEY COMPANY, INC. (74) SVP, Global Sales SVP Divisional VP (15) SVP, Service SVP, Government Relations EVP (2) SVP, Strategic Customer Relations IAC/INTERACTIVECORP (325) SVP (6) VP (16) CEO, IAC Local Media Services VP (16) VP, Administration-International SVP, Strategy & M&A VP & Assoc. General Counsel VP, Corporate Accounts (3) VP, EEO & Diversity
† See addendum notes on page 89. 49 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
VP, HR VP,Administration President, Licensing VP, International-HR First VP, Business Development President, Liz Claiborne Apparel VP, IT-Application Development VP, Corporate Communications President, Liz Claiborne Brands Accessories VP, Law VP, Employee Benefits President, Liz Claiborne Europe VP, Marketing Information LAIDLAW INTERNATIONAL, INC. (419) President, Sigrid Olsen VP, Metro-Atlanta-Sales EVP President, Special Markets Accessories VP, OOP-West LAND O'LAKES, INC. (279) President, Special Sales VP, PBAR VP, Human Resources SVP, Corporate Affairs VP, Product Management & Recruiting LEAR CORPORATION (127) VP VP, Puerto Rico VP LOCKHEED MARTIN CORPORATION (47) VP, Service LEGGETT & PLATT, INCORPORATED (384) SVP VP, Strategic Account Resources VP VP (6) VP, Supplier Diversity LEHMAN BROTHERS HOLDINGS, INC. (94) LOEWS CORPORATION (144) VP,Treasurer Vice Chairman, Lehman Brothers Inc. VP VP, US Commercial Support LENNAR CORPORATION (214) VP, Risk Management VP,Vendor Management Services VP VP,Tax KERR-MCGEE CORPORATION (379) LEVEL 3 COMMUNICATIONS, INC. (491) LONGS DRUG STORES CORPORATION (421) VP Group VP, Human Resources District Manager (3) VP, Human Resources LEVI STRAUSS & CO. (464) SVP, Human Resources KEYCORP (355) President, Dockers Brand, US VP EVP, Civic Affairs & Corporate Diversity VP,Worldwide Community Affairs LOWE'S COMPANIES, INC. (43) EVP, Corporate Marketing LEXMARK INTERNATIONAL, INC. (370) SVP EVP, MFG-Trust Services VP, Human Resources SVP, Human Resources President, District President LIBERTY MEDIA CORPORATION (254) LUCENT TECHNOLOGIES INC. (247) SVP None Chairman & CEO KEYSPAN CORPORATION (302) LIBERTY MUTUAL INSURANCE GROUP (111) Chief Strategy Officer EVP, Shared Services SVP, Corporate Human Resources & President, Network Solutions Group SVP, Human Resources Administration SVP SVP, Shared Services LIMITED BRANDS, INC. (240) SVP, Human Resources VP EVP LYONDELL CHEMICAL COMPANY (338) KIMBERLY-CLARK CORPORATION (135) EVP, Human Resources SVP SVP LINCOLN NATIONAL CORPORATION (363) VP SVP, Human Resources SVP, Human Resources M.D.C. HOLDINGS, INC. (466) VP SVP, Lincoln Life & Annuity VP, Human Resources KINDER MORGAN ENERGY PARTNERS, L.P. (271) SVP, Strategic Planning VP, Information Technology VP (2) VP, Investor Relations & Strategic VP, Marketing & Communications VP, Investor Relations Communications VP, Real Estate (Legal) KINDRED HEALTHCARE, INC. (499) LIZ CLAIBORNE, INC. (418) VP,Tax SVP EVP (2) MANPOWER INC. (140) KMART HOLDING CORPORATION (113) † Group President (3) EVP, United States & Canadian Operations SVP President, Axcess SVP, Global Sales SVP, Chief Creative Officer President, C&C California (2) MARATHON OIL CORPORATION (31) SVP, Communications President, City DKNY SVP KOHL'S CORPORATION (184) President, Claiborne VP, Human Resources COO President, Crazy Horse MARRIOTT INTERNATIONAL, INC. (224) EVP, Product Development President, Dana Buchman Corporate Secretary THE KROGER COMPANY (21) President, DKNY Active EVP, Communications Group VP (2) President, Emma James EVP, Enterprise Accounting Services SVP President, International Alliances EVP, Finance VP President, Jane Street EVP, Finance, International Lodging L-3 COMMUNICATIONS HOLDINGS, INC. (305) President, Juicy Couture (2) EVP, Sales & Marketing
50 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
SVP (2) VP, Global Sales Training Director, Corporate Affairs SVP, Finance, Marriott Vacation Club VP, Human Resources (2) Director, Human Resources International VP, Information Technology (2) Executive Director, Global Securities Lending SVP, Investor Relations VP, Leadership Development Managing Director, Worldwide Markets HR&IS MARSH & MCLENNAN COMPANIES, INC. (176) VP, Marketing (7) President, The Boston Company Asset SVP VP, National Promotions Management LLC SVP, Public Affairs VP, Product Design (3) MERCK & CO., INC. (84) MASCO CORPORATION (170) VP, Research & Design EVP VP VP, Retail Development President, US Human Health VP, Corporate Affairs VP, Sales SVP, Human Resources VP, Sales & Marketing VP, Strategic Business Opportunities VP (2) MASSACHUSETTS MUTUAL LIFE INSURANCE VP,Tax VP, Public Affairs COMPANY (83) MAXTOR CORPORATION (482) MERRILL LYNCH & CO., INC. (53) Corp. VP, Disability Income Insurance & Long- EVP, Operations Asst. Secretary (2) Term Care Insurance THE MAY DEPARTMENT STORES COMPANY (147) Asst. Secretary & First VP Corp. VP, Law (2) None Corporate Secretary Corp. VP, Retirement Services (2) MAYTAG CORPORATION (410) EVP SVP, Corporate Human Resources SVP, Marketing SVP SVP, Enterprise Services, Customer Services (2) VP VP SVP, Large Corporate Markets VP, Communications METLIFE, INC. (37) SVP, Law MBNA CORPORATION (171) President, Individual Business SVP, Retirement Services Group Executive, Affinity Maximization SEVP MATTEL, INC. (383) Group Executive, Core Affinity Groups (2) MGM MIRAGE (449) Counsel Group Executive, Personnel & Compensation SVP Director (2) MCDONALD'S CORPORATION (116) SVP, Corporate Diversity & Community Affairs Director, Brand Marketing General Counsel, Corporate Secretary SVP, Human Resources Director, Package Design President, U.S. Central Division MICRON TECHNOLOGY, INC. (439) Director, Packaging President, U.S. East Division Asst. Corporate Secretary Director, Product Design MCGRAW-HILL COMPANIES, INC. (375) VP, Human Resources EVP, Mattel President, Mc-Graw-Hill Financial Services MICROSOFT CORPORATION (41) GM, AG Place MCI, INC. (90) Corporate VP, Marketing Paralegal EVP (2) MIRANT CORPORATION (424) Sr. Counsel EVP, Ethics & Business Conduct EVP Sr. Director, Photography/Graphics SVP Former President Sr. Director, Product Design SVP, Communications MOHAWK INDUSTRIES, INC. (340) Sr. Manager, Product Design VP None SVP, Business Affairs MCKESSON CORPORATION (15) MOLSON COORS BREWING COMPANY (447) SVP, Consumer Strategy EVP Chief Corporate Affairs Officer, Global SVP, External Affairs SVP, Finance Chief Synergies Officer, Global SVP, Research & Design MEADWESTVACO CORPORATION (267) MONSANTO COMPANY (357) SVP, Strategic Planning President, Consumer Packaging Group SVP, Corporate Strategy VP (2) SVP VP VP, Capacity Planning VP MORGAN STANLEY (36) VP, Compensation/Benefits MEDCO HEALTH SOLUTIONS, INC. (48) Fixed Income Division VP, Corporate Communications & Government SVP, Finance VP (2) VP, Customer Sales & Service SVP, Human Resources MOTOROLA, INC. (49) VP, Design & Development MEDTRONIC, INC. (246) Corporate VP VP, Design & Development Asia SVP, Human Resources Corporate VP, Human Resources, Supply Chain VP, Entertainment Licensing VP Corporate VP, Consumer Solutions,& VP, Finance (4) MELLON FINANCIAL CORP. (391) Accessories, Mobile Devices
† See addendum notes on page 89. 51 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
Corporate VP, Embedded Communications SVP VP, Customer Service Computing Networks SVP, Corporate Marketing VP, Information Technology Corporate VP, Government Relations, United SVP, Corporate Operations & Information NORTHEAST UTILITIES (310) States, Global Relations & Resource Services Asst. Secretary Organization SVP, Corporate Operations & Strategic Asst. Treasurer, Finance Corporate VP, Human Resources, Connected Outsourcing President, Utility Group Home Latin America & Canada SVP, National City Card Services NORTHROP GRUMMAN CORPORATION (58) Corporate VP, Human Resources, Employee NATIONWIDE MUTUAL INSURANCE CO. (99) Corporate VP (2) Relations, Corporate EVP (3) Corporate VP, Communications Corporate VP, Human Resources, Human President, Nationwide Strategic Investments NORTHWEST AIRLINES CORPORATION (190) Resources, Networks NAVISTAR INTERNATIONAL CORPORATION None Corporate VP, Human Resources, Information (233) † THE NORTHWESTERN MUTUAL LIFE INSURANCE Technology, Supply Chain SVP, Finance Group CO. (124) Corporate VP, Information Technology, VP, Parts Organization EVP, Planning & Technology Application Solutions, Corporate & NCR CORPORATION (337) SVP, Information Systems Information Technology SVP, Human Resources SVP, Marketing Corporate VP, Law, Corporate & Securities, NEW YORK LIFE INSURANCE COMPANY (68) VP, Communications Corporate EVP, Corporate Administration & Law VP, Compliance/Best Practices Corporate VP, Law, Ethics & Compliance, First VP (3) VP, Disability Income & Long-Term Care Corporate SVP (10) VP, Field System Administration Corporate VP, Law, Intellectual Property VP (36) VP, Human Resources Transactions VP, New York Life Insurance Company (3) VP, Technology Research & Web Resources Corporate VP, Law, Litigation, Corporate NEWELL RUBBERMAID (304) NTL (446) Corporate VP, Marketing, Communications & None Director, Human Resources Public Affairs NEWMONT MINING CORPORATION (428) NUCOR CORPORATION (189) Corporate VP, Marketing, Mobile Devices VP General Manager, Taxes Corporate VP, Supply Chain Quality Systems & VP, Human Resources NVR (444) Global Supplier Performance NEWS CORPORATION (98) None Corporate VP,Technology, Physical Realization, EVP, Content OCCIDENTAL PETROLEUM CORPORATION (186) Corporate NEXTEL COMMUNICATIONS, INC. (157) None EVP VP, Corporate Communications OFFICE DEPOT, INC. (156) EVP, Human Resources, Corporate VP, Governance & Corporate Responsibility EVP SVP NIKE, INC. (173) EVP, Delivery Sales SVP, CDMA, Product Lines & Mobile Devices VP, Global Apparel EVP, Strategy & Development SVP, Secure Asset Solutions, Government & VP, New Business Development VP (2) Enterprise Mobility Solutions NISOURCE INC. (311) OFFICEMAX INCORPORATED (159) MURPHY OIL CORPORATION (255) EVP, Human Resources & Communications SVP, Human Resources None VP, Communications SVP, International MUTUAL OF OMAHA INSURANCE COMPANIES NORDSTROM, INC. (294) VP (463) EVP OGE ENERGY CORP (397) EVP, Customer Service EVP, Human Resources & Diversity Affairs Corporate Secretary EVP, Corporate Services EVP, Human Resources, Full-Line Stores Treasurer NASH FINCH COMPANY (476) EVP, Marketing OMNICARE, INC. (459) SVP (2) EVP, Nordstrom Rack SVP VP VP (2) OMNICOM GROUP INC. (230) VP, Business Process & Retail Services VP, Marketing, Nordstrom Credit Group EVP VP, Non-Perishable Retail Merchandising NORFOLK SOUTHERN CORPORATION (286) ONEOK, INC. (336) VP, Technology & Corporate Applications Corporate Secretary President, Oklahoma Natural Gas Company NATIONAL CITY CORPORATION (211) EVP, Planning SVP, Financial Services EVP, Best in Class VP VP, Audit & Risk Control
52 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
ORACLE CORPORATION (220) VP, Corporate Governance VP Chief Security Officer PG&E CORPORATION (196) PUBLIX SUPER MARKETS, INC. (117) President SVP Asst. Secretary (2) SVP, Finance & Operations VP VP OWENS & MINOR, INC. (427) VP, Special Projects VP, Internal Audit SVP PHELPS DODGE CORPORATION (299) PULTE HOMES, INC. (181) SVP, Human Resources None President, Pulte Mortgage, LLC VP PILGRIM'S PRIDE CORPORATION (364) QUALCOMM, INC. (398) OWENS CORNING (349) SVP, Human Resources SVP (2) VP VP, Corporate Communications QUEST DIAGNOSTICS INCORPORATED (382) OWENS-ILLINOIS (292) PITNEY BOWES INC. (392) VP (2) None SVP (2) VP, Hospital Business PACCAR INC. (188) VP VP, Investor Relations Secretary VP, Finance QWEST COMMUNICATIONS INTERNATIONAL VP (2) PLAINS ALL AMERICAN PIPELINE, L.P. (96) INC. (154) PACIFIC LIFECORP (395) † VP,Accounting EVP SVP, Group Insurance Division, Operations PNC FINANCIAL SERVICES GROUP INC. (323) R.R. DONNELLEY & SONS COMPANY (275) SVP, Portfolio Management, Securities Division CEO, PNC Advisors Asst. Treasurer PACIFICARE HEALTH SYSTEMS INC. (172) Chief Marketing Officer Group EVP, Marketing, Publishing, & Retail EVP, Enterprise Services General Counsel Services EVP, Senior Solutions PPG INDUSTRIES, INC. (236) President, Directories EVP, Specialty Companies Treasurer President, Premedia Technologies Solutions PARKER-HANNIFIN CORPORATION (298) VP, Fiber Glass SVP VP (3) VP, Government & Community Affairs SVP, Operations & Business Integration PATHMARK STORES, INC. (467) VP, Purchasing & Distribution VP, Compensation & Human Resources Planning CEO VP,Tax Administration VP, Diversity & Inclusion Director, Marketing PPL CORPORATION (344) VP, Government Relations SVP, Grocery Merchandising VP, External Affairs, PPL Services VP, Human Resources PEABODY ENERGY CORPORATION (497) PRAXAIR, INC. (315) VP, Information Technology (3) EVP, Human Resources & Adminstration VP, Financial Services VP, Risk Management PEPCO HOLDINGS, INC. (288) VP, Human Resources VP, Tax Asst. Controller PREMCOR (136) RADIOSHACK CORPORATION (399) Asst. Treasurer (2) None SVP SVP PRINCIPAL FINANCIAL GROUP, INC. (253) RAYTHEON COMPANY (103) VP (3) EVP President, Missile Systems THE PEPSI BOTTLING GROUP, INC. (202) SVP (5) VP VP SVP, Specialty Benefits REEBOK INTERNATIONAL LTD. (483) VP, Corporate Communications THE PROCTER & GAMBLE COMPANY (26) SVP VP, Strategy Global External Relations Officer REGIONS FINANCIAL CORPORATION (420) PEPSICO, INC. (61) President, Global Baby & Adult Care None Chairman, Frito-Lay North America President, Greater China RELIANT ENERGY, INC. (250) President Vice Chairman, Global Beauty Care Asst. Corporate Secretary President, Pepsi-Cola North America PROGRESS ENERGY, INC. (229) SVP SVP, Human Resources None SVP, Risk & Structuring PERFORMANCE FOOD GROUP COMPANY (328) THE PROGRESSIVE CORPORATION (155) REYNOLDS AMERICAN INC. (321) SVP None EVP PFIZER INC (24) PRUDENTIAL FINANCIAL, INC. (64) EVP, Human Resources SVP, Human Resources SVP, Human Resources EVP, Marketing, R.J. Reynolds Tobacco Company Vice Chairman, Pfizer Human Health Vice Chairman, Insurance Division President & CEO VP PUBLIC SERVICE ENTERPRISE GROUP, INC. (199) President, R.J. Reynolds Tobacco Company
† See addendum notes on page 89. 53 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
SVP, Government Relations SVP, Strategy & Corporate Development VP,Taxes VP VP (2) SMITHFIELD FOODS, INC. (222) RITE AID CORPORATION (128) VP, Food Safety & Scientific Affairs VP, Purchasing Group VP, Human Resources Initiatives VP, Public Responsibility SMURFIT-STONE CONTAINER CORPORATION Group VP, Real Estate VP,Tax (262) President & CEO SBC COMMUNICATIONS INC. (33) None SVP, Corporate Communications & Public Affairs SEVP, Human Resources & Communications SOLECTRON CORPORATION (164) ROCKWELL AUTOMATION INC. (429) SCANA CORPORATION (478) None SVP, Human Resources Senior Officer, Marketing & Communications SONIC AUTOMOTIVE (272) VP, Corporate Development Senior Officer, Natural Gas/Coal Procurement None ROHM AND HAAS COMPANY (287) and Pipeline Capacity SOUTHERN COMPANY (180) VP SCHERING-PLOUGH CORPORATION (264) Asst. Secretary ROSS STORES, INC. (452) EVP Asst. Treasurer EVP VP VP (2) EVP, Merchandising VP, Corporate Audits SOUTHWEST AIRLINES CO. (318) SVP (4) SCIENCE APPLICATIONS INTERNATIONAL EVP, Customer Operations SVP, Human Resources CORPORATION (276) President ROUNDY'S, INC. (403) None SVP, Corporate Communications Director, Communications SEALED AIR CORPORATION (481) SVP, Finance Director, Floral VP (4) SVP, Marketing Group VP, Human Resources SEARS, ROEBUCK AND COMPANY (45) † VP (2) Group VP, Merchandising & Procurement Director, Multicultural Merchandising VP, Employee & Labor Relations RYDER SYSTEM, INC. (381) e-Marketing Project Manager, Lands' End VP, Reservations EVP (2) EVP (2) VP, Special Marketing EVP, Human Resources, Public Affairs & Fashion Director SPRINT CORPORATION (67) Corporate Communications SVP EVP, Network Services SVP SVP, Financial Services SVP RYLAND GROUP, INC. (469) SVP, Strategy SVP, Federal External Affairs Director, Communications VP (4) VP, Corporate Governance & Ethics Manager, Communications VP, Brand Development SPX CORPORATION (345) SVP, Finance SEMPRA ENERGY (235) None VP, Compensation and Benefits President, Sempra Utilities THE ST. PAUL TRAVELERS COMPANIES, INC. (85) VP,Tax SVP, Human Resources EVP, Claim SAFECO CORPORATION (285) SERVICEMASTER (488) EVP, Investor Relations CFO President, Merry Maids STAPLES, INC. (146) SVP, Finance, Risk & Investments President, Terminix International EVP, Human Resources SVP, Sales & Distribution SVP EVP, Marketing SAFEWAY INC. (46) SVP, Human Resources SVP (2) EVP, Retail Operations, HR, Public Affairs, Labor THE SHERWIN-WILLIAMS COMPANY (331) SVP, Corporate Advertising & Government Relations, Reengineering and VP SVP, Pricing & Merchandising Administration Communications SLM CORPORATION (378) STARBUCKS CORPORATION (372) SVP, Finance & Investor Relations Asst. VP EVP (2) SAKS, INCORPORATED (320) EVP, Corporate Strategy, Consumer Lending & EVP, Supply Chain & Coffee Operations None Administration SVP SANMINA-SCI CORPORATION (175) EVP, Guarantor Servicing & Sales Marketing SVP, Category Management SVP, Global Human Resources SVP,Administration SVP, Corporate Social Responsibility SARA LEE CORPORATION (114) SVP, Loan Originations SVP, Global Communications CEO & President VP SVP, Marketing SVP SMITH INTERNATIONAL, INC. (438) SVP, Parnet Resources, North America SVP, Global Human Resources SVP SVP, Store Development
54 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
SVP, Store Operations Services SVP, U.S. Sales Division CFO (2) STARWOOD HOTELS & RESORTS WORLDWIDE, TELEPHONE AND DATA SYSTEMS, INC. (490) Division CFO, Ambulatory Surgery Division INC. (440) EVP Division President SVP,Westin Hotels & Resorts VP, Internal Audit SVP STATE FARM INSURANCE COS. (19) TEMPLE-INLAND INC. (405) VP, Legal Operations EVP Asst. Secretary VP, Marketing & Public Affairs EVP, Life Company & Affiliates VP VP, Physician Intergration/Managed Care SVP TENET HEALTHCARE CORPORATION (169) VP, Quality Outcomes STATE STREET CORPORATION (341) None TRIBUNE COMPANY (348) EVP (5) TENNECO AUTOMOTIVE INC. (453) SVP, Corporate Relations STATER BROS. HOLDINGS INC. (493) VP VP, Compensation & Benefits VP, Corporate Affairs TEREX CORPORATION (417) VP, Human Resources Operations VP, Human Resources VP (2) VP, Human Resources/Broadcasting Group STRYKER CORPORATION (450) VP, Deputy General Counsel VP/GM, TribuneProperties None TESORO CORPORATION (177) TRW AUTOMOTIVE HOLDINGS CORP. (178) SUN MICROSYSTEMS, INC. (194) VP, Human Resources & Communications None VP TEXAS INSTRUMENTS INCORPORATED (166) TXU CORP. (195) VP, Intergrated Business Planning SVP (2) SVP SUNOCO, INC. (82) TEXTRON INC. (216) SVP, Customer and Community Relations Chief Governance Officer EVP SVP, Distribution SUNTRUST BANKS, INC. (273) VP (2) SVP, Transm/FW Comm. Relations EVP VP, Communications VP, Controller SUPERVALU INC. (104) THRIVENT FINANCIAL FOR LUTHERANS (319) VP, Outsourced Business Management EVP EVP, Strategic Planning, Marketing & Products TYSON FOODS, INC. (72) SVP, Finance SVP SVP VP, Distribution, Financial Planning & Analysis SVP, Communications SVP, Commodity & Trading Risk Management VP, Investor Relations & Corporate SVP, Human Resources U.S. BANCORP (143) Communications SVP, Marketing EVP, Human Resources VP, Strategic Planning TIME WARNER INC. (32) Vice Chairman SYSCO CORPORATION (60) Chairwoman, Time Inc. UAL CORPORATION (129) Asst. Treasurer EVP,Administration Asst. Corporate Secretary (2) Asst. VP, Human Resources TIMKEN COMPANY (430) UGI CORPORATION (484) Asst. VP,Technology & Applications President, Automotive Group Assoc. General Counsel SVP, Finance SVP, Communications and Community Affairs UNION PACIFIC CORPORATION (174) VP, Customer Insights & Market Development SVP, Finance SVP, Human Resources VP, Organization Development & Strategy SVP, Supply Chain Transformation VP VP, Training & Leadership Development VP, Sales and Marketing-Alloy Steel VP, External Relations TARGET CORPORATION (27) THE TJX COMPANIES, INC. (141) UNISYS CORPORATION (343) SVP, Finance SVP EVP, Six Sigma Lean SVP, Merchandising (3) SVP, Human Resources Development SVP (2) SVP, Region III SVP, Real Estate & Property Development VP VP, Community Relations Treasurer VP,World-Wide Human Resources VP, Investor Relations VP (13) UNITED AUTO GROUP, INC. (225) VP, Total Compensation TOLL BROTHERS, INC. (477) Chief Information Officer TEACHERS INSURANCE AND ANNUITY None UNITED PARCEL SERVICE, INC. (42) ASSOCIATION COLLEGE (81) TOYS 'R' US, INC. (192) SVP, Human Resources EVP (2) EVP, Human Resources UNITED SERVICES AUTOMOBILE ASSOCIATION EVP, Client Services TRANSMONTAIGNE INC. (193) (191) VP None EVP, Corporate Communications TECH DATA CORPORATION (110) TRIAD HOSPITALS, INC. (426)
† See addendum notes on page 89. 55 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
EVP, Human Resources SVP EVP, Integration Planning/Implementation EVP, Marketing VISTEON CORPORATION (118) President & CEO, Northeast Region President, USAA Alliance Services Company SVP President & CEO, Specialty, Senior & State President, USAA Life Insurance Company VP (2) Sponsored Business UNITED STATES STEEL CORPORATION (149) W.R. BERKLEY CORPORATION (431) WELLS FARGO & COMPANY (52) EVP Asst. VP EVP, Human Resources UNITED STATIONERS INC. (468) Asst. Secretary Group EVP, Regional Banking SVP (2) Director, Investment Accounting SVP UNITED TECHNOLOGIES CORPORATION (39) VP WENDY'S INTERNATIONAL, INC. (498) VP W.W. GRAINGER, INC. (385) CFO & Corporate Secretary UNITEDHEALTH GROUP, INCORPORATED (40) SVP, Communications & Investor Relations COO, Baja Fresh CEO, Ovations VP EVP, Business & Concept Development EVP, UnitedHealth Group WACHOVIA CORPORATION (65) SVP, Baja Fresh UNIVERSAL HEALTH SERVICES, INC. (458) EVP SVP, Operations-Upper U.S. Region Asst. VP (2) SEVP (2) SVP,Tim Hortons Treasurer WALGREEN CO. (38) SVP,Wendy's North America-Supply Chain VP Divisional VP Management UNOCAL CORPORATION (268) SVP VP,Wendy's North America-Research & None WAL-MART STORES, INC. (1) Development UNUMPROVIDENT CORPORATION (208) EVP, Information System Division WESCO INTERNATIONAL, INC. (489) Chairman, Unum Limited EVP, Product Development, Apparel & Home None SVP, Government Relations Merchandising THE WESTERN & SOUTHERN MUTUAL HOLDING SVP, Human Resources EVP, Risk Management, Benefits Administration, COMPANY (494) † US AIRWAYS GROUP, INC. (295) † Aviation & Travel President, Fort Washington Investment Advisors, EVP, Corporate Affairs THE WALT DISNEY COMPANY (54) Inc. SVP, Finance Co-Chairman, Media Networks President, IFS Financial Services, Inc. VP President, Buena Vista Motion Pictures Group Senior Officer (4) VP, Corporate Real Estate WASHINGTON MUTUAL, INC. (131) WEYERHAEUSER COMPANY (89) VP, Customer Service EVP Corporate Secretary VP, Direct Distribution SEVP SVP, Corporate Affairs VP, Government Affairs WASTE MANAGEMENT, INC. (168) SVP, Information Technology VP, Inflight Corporate Secretary WHIRLPOOL CORPORATION (160) USG CORPORATION (433) SVP None SVP, Communications VP, Finance WHOLE FOODS MARKET, INC. (479) VP WELLCHOICE, INC. (342) EVP V.F. CORPORATION (334) Chief Information Officer, Enterprise Systems VP Asst. Treasurer EVP VP, Investor Relations VP,Administration SVP VP, Learning VP, Human Resources SVP, Communications VP, Marketing & Public Affairs VALERO ENERGY CORPORATION (22) VP (5) VP, Purchasing & Distribution SVP, Corporate Communications VP,Auditing VP,Team Member Services Treasurer VP, Health Services WILLIAMS COMPANIES, INC. (165) VP, Legal Services VP, Human Resources Development (2) None VERIZON COMMUNICATIONS INC. (14) VP, Human Resources WINN-DIXIE STORES, INC. (182) EVP VP, Information Security SVP SVP VP, National Accounts Operations VP, Finance SVP, Internal Auditing VP, Operations WISCONSIN ENERGY CORPORATION (471) SVP, Investor Relations VP, Quality, Initiatives & Programs SVP VIACOM INC. (69) VP, Upstate Sales VP Chairman, MTV Networks WELLPOINT, INC. (97) VP, Environmental EVP, Government Relations EVP WM. WRIGLEY JR. COMPANY (496)
56 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 2: TITLES OF WOMEN CORPORATE OFFICERS, BY COMPANY WITH FORTUNE 500 RANK
None WORLD FUEL SERVICES CORPORATION (351) None WPS RESOURCES CORP. (393) Asst. Controller VP VP, Corporate Services WYETH (125) SVP, Public Affairs, Government Relations VP, Law VP,Taxes, Finance XCEL ENERGY INC. (256) President, Customer & Field Operations VP (3) XEROX CORPORATION (132) Chairman & CEO SVP VP (3) VP, Finance & Operational Support, Xerox North America VP, Human Resources VP,Worldwide Taxes YELLOW ROADWAY CORPORATION (307) None YORK INTERNATIONAL CORPORATION (432) President, YORK Europe, Middle East & Africa VP VP, Investor Relations YUM! BRANDS, INC. (249) Chief People Officer
† See addendum notes on page 89. 57 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 3: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, RANKED BY COMPANY REVENUE
Rank Company Total Women Total Percentage Rank Company Total Women Total Percentage Corporate Corporate Women Corporate Corporate Women Officers Officers Officers Officers Officers Officers 1 WAL-MART STORES, INC. 3 23 13.0 51 THE ALLSTATE CORPORATION 2 12 16.7 2 EXXON MOBIL CORPORATION 2 27 7.4 52 WELLS FARGO & COMPANY 3 18 16.7 3 GENERAL MOTORS CORPORATION 4 35 11.4 53 MERRILL LYNCH & CO., INC. 7 26 26.9 4 FORD MOTOR COMPANY 7 52 13.5 54 THE WALT DISNEY COMPANY 2 21 9.5 5 GENERAL ELECTRIC COMPANY 6 39 15.4 55 CVS CORPORATION 1 11 9.1 6 CHEVRONTEXACO CORPORATION † 4 20 20.0 56 AT&T CORP. 1 10 10.0 7 CONOCOPHILLIPS 4 40 10.0 57 CATERPILLAR, INC. 3 41 7.3 8 CITIGROUP, INC. 19 94 20.2 58 NORTHROP GRUMMAN CORPORATION 3 17 17.7 9 AMERICAN INTERNATIONAL GROUP, INC. 2 25 8.0 59 THE GOLDMAN SACHS GROUP, INC. 9 49 18.4 10 INTERNATIONAL BUSINESS MACHINES CORP. 9 47 19.2 60 SYSCO CORPORATION 7 50 14.0 11 HEWLETT-PACKARD COMPANY 4 12 33.3 61 PEPSICO, INC. 4 15 26.7 12 BERKSHIRE HATHAWAY INC. 2 8 25.0 62 AMERICAN EXPRESS COMPANY 2 12 16.7 13 THE HOME DEPOT, INC. 3 14 21.4 63 DELPHI CORPORATION 4 25 16.0 14 VERIZON COMMUNICATIONS INC. 4 13 30.8 64 PRUDENTIAL FINANCIAL, INC. 2 9 22.2 15 MCKESSON CORPORATION 2 9 22.2 65 WACHOVIA CORPORATION 3 19 15.8 16 CARDINAL HEALTH, INC. 2 14 14.3 66 E.I. DU PONT DE NEMOURS 12 67 17.9 17 ALTRIA GROUP, INC. 2 15 13.3 67 SPRINT CORPORATION 4 27 14.8 18 BANK OF AMERICA CORPORATION 2 9 22.2 68 NEW YORK LIFE INSURANCE COMPANY 53 210 25.2 19 STATE FARM INSURANCE COS. 3 18 16.7 69 VIACOM INC. 3 16 18.8 20 J.P. MORGAN CHASE & CO. 4 45 8.9 70 INTERNATIONAL PAPER COMPANY 9 62 14.5 21 THE KROGER COMPANY 4 20 20.0 71 JOHNSON CONTROLS, INC. 3 19 15.8 22 VALERO ENERGY CORPORATION 3 18 16.7 72 TYSON FOODS, INC. 2 23 8.7 23 AMERISOURCEBERGEN CORP. 2 14 14.3 73 CAREMARK RX, INC. 2 13 15.4 24 PFIZER INC 4 19 21.1 74 J.C. PENNEY COMPANY, INC. 40 138 29.0 25 THE BOEING COMPANY 2 14 14.3 75 HONEYWELL INTERNATIONAL INC. 3 19 15.8 26 THE PROCTER & GAMBLE COMPANY 4 46 8.7 76 INGRAM MICRO, INC. 1 13 7.7 27 TARGET CORPORATION 8 28 28.6 77 BEST BUY CO. INC. 2 15 13.3 28 DELL INC. 0 15 0.0 78 FEDEX CORPORATION 0 17 0.0 29 COSTCO WHOLESALE CORPORATION 16 113 14.2 79 ALCOA, INC. 12 40 30.0 30 JOHNSON & JOHNSON 6 21 28.6 80 HCA INC. 4 23 17.4 31 MARATHON OIL CORPORATION 2 15 13.3 81 TIAAC 4 12 33.3 32 TIME WARNER INC. 2 17 11.8 82 SUNOCO, INC. 1 14 7.1 33 SBC COMMUNICATIONS INC. 1 11 9.1 83 MASS. MUTUAL LIFE INSURANCE COMPANY 11 54 20.4 34 THE DOW CHEMICAL COMPANY 0 20 0.0 84 MERCK & CO., INC. 6 15 40.0 35 ALBERTSON'S 2 11 18.2 85 THE ST. PAUL TRAVELERS COMPANIES, INC. 2 20 10.0 36 MORGAN STANLEY 3 21 14.3 86 DUKE ENERGY 1 12 8.3 37 METLIFE, INC. 2 9 22.2 87 BELLSOUTH CORPORATION 7 40 17.5 38 WALGREEN CO. 2 20 10.0 88 HARTFORD FINANCIAL SERVICES GROUP INC. 3 17 17.7 39 UNITED TECHNOLOGIES CORPORATION 1 16 6.3 89 WEYERHAEUSER COMPANY 3 20 15.0 40 UNITEDHEALTH GROUP, INCORPORATED 2 14 14.3 90 MCI, INC. 6 15 40.0 41 MICROSOFT CORPORATION 1 16 6.3 91 CISCO SYSTEMS, INC. 1 10 10.0 42 UNITED PARCEL SERVICE, INC. 1 11 9.1 92 THE COCA-COLA COMPANY 15 44 34.1 43 LOWE'S COMPANIES, INC. 2 23 8.7 93 BRISTOL-MYERS SQUIBB COMPANY 2 13 15.4 44 ARCHER-DANIELS-MIDLAND COMPANY 2 33 6.1 94 LEHMAN BROTHERS HOLDINGS, INC. 1 28 3.6 45 SEARS, ROEBUCK AND COMPANY † 13 36 36.1 95 ELECTRONIC DATA SYSTEMS 1 9 11.1 46 SAFEWAY INC. 2 25 8.0 96 PLAINS ALL AMERICAN PIPELINE, L.P. 1 17 5.9 47 LOCKHEED MARTIN CORPORATION 7 36 19.4 97 WELLPOINT, INC. 4 15 26.7 48 MEDCO HEALTH SOLUTIONS, INC. 2 14 14.3 98 NEWS CORPORATION 1 12 8.3 49 MOTOROLA, INC. 23 125 18.4 99 NATIONWIDE MUTUAL INSURANCE CO. 4 13 30.8 50 INTEL CORPORATION 5 34 14.7 100 ABBOTT LABORATORIES 1 13 7.7
58 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 3: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, RANKED BY COMPANY REVENUE
Rank Company Total Women Total Percentage Rank Company Total Women Total Percentage Corporate Corporate Women Corporate Corporate Women Officers Officers Officers Officers Officers Officers 101 HALLIBURTON COMPANY 2 11 18.2 151 DOMINION RESOURCES, INC. 5 19 26.3 102 COMCAST CORPORATION 5 35 14.3 152 ELI LILLY AND COMPANY 4 26 15.4 103 RAYTHEON COMPANY 2 20 10.0 153 EASTMAN KODAK COMPANY 8 49 16.3 104 SUPERVALU INC. 5 23 21.7 154 QWEST COMMUNICATIONS INTL. INC. 1 7 14.3 105 3M 4 26 15.4 155 THE PROGRESSIVE CORPORATION 0 6 0.0 106 DEERE & COMPANY 3 41 7.3 156 OFFICE DEPOT, INC. 5 17 29.4 107 CENDANT CORPORATION 3 35 8.6 157 NEXTEL COMMUNICATIONS, INC. 2 21 9.5 108 AETNA INC. 11 44 25.0 158 AFLAC INCORPORATED 7 31 22.6 109 GEORGIA-PACIFIC CORPORATION 4 36 11.1 159 OFFICEMAX INCORPORATED 3 26 11.5 110 TECH DATA CORPORATION 1 19 5.3 160 WHIRLPOOL CORPORATION 0 10 0.0 111 LIBERTY MUTUAL INSURANCE GROUP 1 15 6.7 161 CHUBB CORPORATION 3 24 12.5 112 AUTONATION, INC. 0 10 0.0 162 HUMANA INC. 2 12 16.7 113 KMART HOLDING CORPORATION † 3 15 20.0 163 FIRSTENERGY CORP. 3 12 25.0 114 SARA LEE CORPORATION 9 38 23.7 164 SOLECTRON CORPORATION 0 9 0.0 115 GENERAL DYNAMICS CORPORATION 2 30 6.7 165 WILLIAMS COMPANIES, INC. 0 8 0.0 116 MCDONALD'S CORPORATION 3 19 15.8 166 TEXAS INSTRUMENTS INCORPORATED 2 14 14.3 117 PUBLIX SUPER MARKETS, INC. 4 29 13.8 167 CONSTELLATION ENERGY GROUP, INC. 2 10 20.0 118 VISTEON CORPORATION 3 16 18.8 168 WASTE MANAGEMENT, INC. 3 22 13.6 119 AMR CORPORATION 9 47 19.2 169 TENET HEALTHCARE CORPORATION 0 4 0.0 120 THE GOODYEAR TIRE & RUBBER COMPANY 2 24 8.3 170 MASCO CORPORATION 3 33 9.1 121 CONAGRA FOODS, INCORPORATED 5 48 10.4 171 MBNA CORPORATION 4 21 19.1 122 CIGNA CORPORATION 3 12 25.0 172 PACIFICARE HEALTH SYSTEMS INC. 3 10 30.0 123 COCA-COLA ENTERPRISES, INC. 6 29 20.7 173 NIKE, INC. 2 20 10.0 124 THE NORTHWESTERN MUTUAL LIFE INS. CO. 9 35 25.7 174 UNION PACIFIC CORPORATION 3 16 18.8 125 WYETH 3 21 14.3 175 SANMINA-SCI CORPORATION 1 10 10.0 126 AMERADA HESS CORPORATION 0 27 0.0 176 MARSH & MCLENNAN COMPANIES, INC. 2 15 13.3 127 LEAR CORPORATION 1 9 11.1 177 TESORO CORPORATION 1 14 7.1 128 RITE AID CORPORATION 4 23 17.4 178 TRW AUTOMOTIVE HOLDINGS CORP. 0 6 0.0 129 UAL CORPORATION 2 8 25.0 179 DIRECTV GROUP, INC. 0 7 0.0 130 THE GAP, INC. 24 52 46.2 180 SOUTHERN COMPANY 4 16 25.0 131 WASHINGTON MUTUAL, INC. 2 13 15.4 181 PULTE HOMES, INC. 1 5 20.0 132 XEROX CORPORATION 8 32 25.0 182 WINN-DIXIE STORES, INC. 2 11 18.2 133 FEDERATED DEPARTMENT STORES, INC. 6 18 33.3 183 ILLINOIS TOOL WORKS, INC. 0 15 0.0 134 EMERSON ELECTRIC CO. 4 59 6.8 184 KOHL'S CORPORATION 2 13 15.4 135 KIMBERLY-CLARK CORPORATION 3 12 25.0 185 HEALTH NET, INC. 1 11 9.1 136 PREMCOR INC. 0 7 0.0 186 OCCIDENTAL PETROLEUM CORPORATION 0 17 0.0 137 EXPRESS SCRIPTS, INC. 1 13 7.7 187 EDISON INTERNATIONAL 6 14 42.9 138 DELTA AIR LINES, INC. 8 43 18.6 188 PACCAR INC. 3 19 15.8 139 ANHEUSER-BUSCH COMPANIES, INC. 6 35 17.1 189 NUCOR CORPORATION 1 47 2.1 140 MANPOWER INC. 2 10 20.0 190 NORTHWEST AIRLINES CORPORATION 0 7 0.0 141 THE TJX COMPANIES, INC. 17 54 31.5 191 UNITED SERVICES AUTOMOBILE ASSOC. 5 14 35.7 142 COMPUTER SCIENCES CORPORATION 0 8 0.0 192 TOYS 'R' US, INC. 1 7 14.3 143 U.S. BANCORP 2 13 15.4 193 TRANSMONTAIGNE INC. 0 12 0.0 144 LOEWS CORPORATION 3 18 16.7 194 SUN MICROSYSTEMS, INC. 2 19 10.5 145 EXELON CORPORATION 2 9 22.2 195 TXU CORP. 6 48 12.5 146 STAPLES, INC. 6 45 13.3 196 PG&E CORPORATION 3 15 20.0 147 THE MAY DEPARTMENT STORES COMPANY 0 13 0.0 197 GENERAL MILLS, INC. 5 23 21.7 148 AMERICAN ELECTRIC POWER COMPANY 4 21 19.1 198 CHS INC. 0 7 0.0 149 UNITED STATES STEEL CORPORATION 1 16 6.3 199 PUBLIC SERVICE ENTERPRISE GROUP, INC. 1 8 12.5 150 COUNTRYWIDE FINANCIAL CORPORATION 2 15 13.3 200 BURLINGTON NORTHERN SANTA FE CORP. 4 18 22.2
† See addendum notes on page 89. 59 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 3: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, RANKED BY COMPANY REVENUE
Rank Company Total Women Total Percentage Rank Company Total Women Total Percentage Corporate Corporate Women Corporate Corporate Women Officers Officers Officers Officers Officers Officers 201 DANA CORPORATION 0 9 0.0 251 GUARDIAN LIFE INS. CO. OF AMERICA 1 15 6.7 202 THE PEPSI BOTTLING GROUP, INC. 3 12 25.0 252 ASHLAND INC. 5 18 27.8 203 D.R. HORTON, INC. 1 8 12.5 253 PRINCIPAL FINANCIAL GROUP, INC. 7 23 30.4 204 CENTEX CORPORATION 1 23 4.4 254 LIBERTY MEDIA CORPORATION 0 10 0.0 205 DEAN FOODS COMPANY 2 11 18.2 255 MURPHY OIL CORPORATION 0 11 0.0 206 CAPITAL ONE FINANCIAL CORPORATION 1 9 11.1 256 XCEL ENERGY INC. 4 12 33.3 207 ARROW ELECTRONICS, INC. 3 13 23.1 257 CUMMINS 7 39 18.0 208 UNUMPROVIDENT CORPORATION 3 16 18.8 258 THE BEAR STEARNS COMPANIES, INC. 0 10 0.0 209 CENTERPOINT ENERGY, INC. 1 15 6.7 259 H.J. HEINZ COMPANY 4 27 14.8 210 COLGATE-PALMOLIVE COMPANY 2 20 10.0 260 ENTERPRISE PRODUCTS PARTNERS, L.P. 4 37 10.8 211 NATIONAL CITY CORPORATION 6 48 12.5 261 FIDELITY NATIONAL FINANCIAL, INC. 0 10 0.0 212 AMGEN, INC. 0 14 0.0 262 SMURFIT-STONE CONTAINER CORPORATION 0 17 0.0 213 FPL GROUP, INC. 3 12 25.0 263 APPLE COMPUTER, INC. 1 10 10.0 214 LENNAR CORPORATION 1 10 10.0 264 SCHERING-PLOUGH CORPORATION 3 16 18.8 215 GILLETTE COMPANY 2 17 11.8 265 ALLTEL CORPORATION 1 10 10.0 216 TEXTRON INC. 4 21 19.1 266 EMC CORPORATION 2 21 9.5 217 AVNET, INC. 0 22 0.0 267 MEADWESTVACO CORPORATION 3 23 13.0 218 AON CORPORATION 1 19 5.3 268 UNOCAL CORPORATION 0 7 0.0 219 ARAMARK CORPORATION 2 14 14.3 269 CSX 2 15 13.3 220 ORACLE CORPORATION 3 18 16.7 270 APPLIED MATERIALS, INC. 3 28 10.7 221 ENTERGY CORPORATION 2 16 12.5 271 KINDER MORGAN ENERGY PARTNERS, L.P. 3 13 23.1 222 SMITHFIELD FOODS, INC. 1 21 4.8 272 SONIC AUTOMOTIVE, INC. 0 5 0.0 223 FIRST DATA CORPORATION 3 10 30.0 273 SUNTRUST BANKS, INC. 1 21 4.8 224 MARRIOTT INTERNATIONAL, INC. 10 48 20.8 274 DILLARD'S INC. 4 28 14.3 225 UNITED AUTO GROUP, INC. 1 10 10.0 275 R.R. DONNELLEY & SONS COMPANY 15 64 23.4 226 AES CORPORATION 6 44 13.6 276 SCIENCE APPLICATIONS INTL. CORP. 0 14 0.0 227 EATON CORPORATION 3 17 17.7 277 AUTOMATIC DATA PROCESSING, INC. 3 29 10.3 228 CONSOLIDATED EDISON, INC. 8 42 19.1 278 AVON PRODUCTS, INC. 5 14 35.7 229 PROGRESS ENERGY, INC. 0 12 0.0 279 LAND O'LAKES, INC. 1 9 11.1 230 OMNICOM GROUP INC. 1 10 10.0 280 DOLLAR GENERAL CORPORATION 2 11 18.2 231 CIRCUIT CITY STORES, INC. 1 15 6.7 281 AIR PRODUCTS & CHEMICALS, INC. 1 7 14.3 232 CONTINENTAL AIRLINES, INC. 3 17 17.7 282 ASSURANT, INC. 3 17 17.7 233 NAVISTAR INTERNATIONAL CORPORATION † 2 12 16.7 283 GANNETT CO., INC. 8 32 25.0 234 KELLOGG COMPANY † 5 25 20.0 284 BJ'S WHOLESALE CLUB, INC. 15 64 23.4 235 SEMPRA ENERGY 2 21 9.5 285 SAFECO CORPORATION 3 14 21.4 236 PPG INDUSTRIES, INC. 5 29 17.2 286 NORFOLK SOUTHERN CORPORATION 5 36 13.9 237 BAXTER INTERNATIONAL 3 12 25.0 287 ROHM AND HAAS COMPANY 1 7 14.3 238 AMERICAN STANDARD COMPANIES, INC. 1 10 10.0 288 PEPCO HOLDINGS, INC. 7 22 31.8 239 CLEAR CHANNEL COMMUNICATIONS, INC. 8 26 30.8 289 CROWN HOLDINGS, INC. 1 15 6.7 240 LIMITED BRANDS, INC. 2 6 33.3 290 AGILENT TECHNOLOGIES INC. 3 15 20.0 241 FLUOR 1 17 5.9 291 ECHOSTAR COMMUNICATIONS CORP. 0 11 0.0 242 CALPINE CORPORATION 4 25 16.0 292 OWENS-ILLINOIS 0 16 0.0 243 DEVON ENERGY CORPORATION 3 23 13.0 293 THE BANK OF NEW YORK COMPANY, INC. 4 44 9.1 244 ARVINMERITOR, INC. 2 12 16.7 294 NORDSTROM, INC. 8 28 28.6 245 GENUINE PARTS COMPANY 1 11 9.1 295 US AIRWAYS GROUP, INC. 8 23 34.8 246 MEDTRONIC, INC. 2 16 12.5 296 DTE ENERGY COMPANY 1 9 11.1 247 LUCENT TECHNOLOGIES INC. 5 21 23.8 297 CAMPBELL SOUP CO. 4 17 23.5 248 INTERNATIONAL STEEL GROUP, INC. † 1 18 5.6 298 PARKER-HANNIFIN CORPORATION 3 19 15.8 249 YUM! BRANDS, INC. 1 18 5.6 299 PHELPS DODGE CORPORATION 0 9 0.0 250 RELIANT ENERGY, INC. 3 13 23.1 300 KB HOME 7 30 23.3
60 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 3: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, RANKED BY COMPANY REVENUE
Rank Company Total Women Total Percentage Rank Company Total Women Total Percentage Corporate Corporate Women Corporate Corporate Women Officers Officers Officers Officers Officers Officers 301 FORTUNE BRANDS, INC. 1 13 7.7 351 WORLD FUEL SERVICES CORPORATION 0 6 0.0 302 KEYSPAN CORPORATION 4 21 19.1 352 BOSTON SCIENTIFIC CORPORATION 2 22 9.1 303 AMAZON.COM INC. 1 11 9.1 353 BURLINGTON RESOURCES INC. 1 20 5.0 304 NEWELL RUBBERMAID INC. 0 11 0.0 354 DOVER CORPORATION 0 12 0.0 305 L-3 COMMUNICATIONS HOLDINGS, INC. 4 34 11.8 355 KEYCORP 5 33 15.2 306 DANAHER 0 36 0.0 356 CMS ENERGY CORPORATION 5 26 19.2 307 YELLOW ROADWAY CORPORATION 0 15 0.0 357 MONSANTO COMPANY 2 13 15.4 308 ITT INDUSTRIES, INC. 3 16 18.8 358 ASBURY AUTOMOTIVE GROUP, INC. 1 14 7.1 309 THE FIRST AMERICAN CORPORATION 5 26 19.2 359 THE BLACK & DECKER CORPORATION 2 15 13.3 310 NORTHEAST UTILITIES 3 11 27.3 360 BALL CORPORATION 0 16 0.0 311 NISOURCE INC. 2 13 15.4 361 GROUP 1 AUTOMOTIVE, INC. 0 11 0.0 312 BB&T CORPORATION 1 10 10.0 362 ALLIED WASTE INDUSTRIES 1 26 3.9 313 AMERICAN FAMILY INS. GROUP 3 30 10.0 363 LINCOLN NATIONAL CORPORATION 4 18 22.2 314 EL PASO CORPORATION 1 5 20.0 364 PILGRIM'S PRIDE CORPORATION 2 15 13.3 315 PRAXAIR, INC. 2 23 8.7 365 FOOT LOCKER, INC. 3 21 14.3 316 EASTMAN CHEMICAL 1 8 12.5 366 AVERY DENNISON CORPORATION 5 52 9.6 317 FIFTH THIRD BANCORP 2 37 5.4 367 APACHE CORPORATION 3 22 13.6 318 SOUTHWEST AIRLINES CO. 10 29 34.5 368 HARLEY-DAVIDSON, INC. 9 36 25.0 319 THRIVENT FINANCIAL FOR LUTHERANS 5 15 33.3 369 DOLE FOOD COMPANY, INC. 4 10 40.0 320 SAKS, INCORPORATED 0 8 0.0 370 LEXMARK INTERNATIONAL, INC. 1 10 10.0 321 REYNOLDS AMERICAN INC. 7 23 30.4 371 COVENTRY HEALTH CARE INC. 1 10 10.0 322 COX COMMUNICATIONS, INC. 13 44 29.6 372 STARBUCKS CORPORATION 11 38 29.0 323 PNC FINANCIAL SERVICES GROUP INC. 3 12 25.0 373 FAMILY DOLLAR STORES, INC. 5 38 13.2 324 JABIL CIRCUIT, INC. 1 29 3.5 374 AGCO CORPORATION 0 11 0.0 325 IAC/INTERACTIVECORP 2 24 8.3 375 THE MCGRAW-HILL COMPANIES, INC. 1 10 10.0 326 FEDERAL-MOGUL CORPORATION 1 18 5.6 376 AK STEEL HOLDING CORPORATION 1 12 8.3 327 DYNEGY INC. 1 7 14.3 377 BRUNSWICK CORPORATION 6 20 30.0 328 PERFORMANCE FOOD GROUP COMPANY 1 8 12.5 378 SLM CORPORATION 6 26 23.1 329 AUTOLIV, INC. 0 10 0.0 379 KERR-MCGEE CORPORATION 2 14 14.3 330 BAKER HUGHES INCORPORATED 1 19 5.3 380 AMEREN CORPORATION 2 33 6.1 331 THE SHERWIN-WILLIAMS COMPANY 1 22 4.6 381 RYDER SYSTEM, INC. 4 14 28.6 332 INTERPUBLIC GROUP OF COMPANIES, INC. 1 15 6.7 382 QUEST DIAGNOSTICS INCORPORATED 4 14 28.6 333 ANADARKO PETROLEUM CORP. 2 14 14.3 383 MATTEL, INC. 54 190 28.4 334 V.F. CORPORATION 3 18 16.7 384 LEGGETT & PLATT, INCORPORATED 1 32 3.1 335 BARNES & NOBLE INC. 3 13 23.1 385 W.W. GRAINGER, INC. 2 12 16.7 336 ONEOK, INC. 3 28 10.7 386 DARDEN RESTAURANTS, INC. 4 15 26.7 337 NCR CORPORATION 1 10 10.0 387 ADVANCED MICRO DEVICES, INC. 0 8 0.0 338 LYONDELL CHEMICAL COMPANY 2 17 11.8 388 BECTON, DICKINSON AND COMPANY 3 20 15.0 339 CNF INC. 2 14 14.3 389 KELLY SERVICES, INC. 42 98 42.9 340 MOHAWK INDUSTRIES, INC. 0 8 0.0 390 CHARTER COMMUNICATIONS, INC. 0 8 0.0 341 STATE STREET CORPORATION 5 32 15.6 391 MELLON FINANCIAL CORP. 5 46 10.9 342 WELLCHOICE, INC. 19 52 36.5 392 PITNEY BOWES INC. 4 15 26.7 343 UNISYS CORPORATION 5 16 31.3 393 WPS RESOURCES CORP. 3 20 15.0 344 PPL CORPORATION 1 26 3.9 394 CABLEVISION SYSTEMS CORPORATION 1 14 7.1 345 SPX CORPORATION 0 6 0.0 395 PACIFIC LIFECORP † 2 28 7.1 346 THE ESTEE LAUDER COMPANIES INC. 3 14 21.4 396 HARRAH'S ENTERTAINMENT, INC. 2 17 11.8 347 CDW CORPORATION 7 18 38.9 397 OGE ENERGY CORP 2 13 15.4 348 TRIBUNE COMPANY 5 25 20.0 398 QUALCOMM, INC. 2 15 13.3 349 OWENS CORNING 1 11 9.1 399 RADIOSHACK CORPORATION 1 13 7.7 350 AUTOZONE, INC. 6 41 14.6 400 ENERGY EAST CORPORATION 4 16 25.0
† See addendum notes on page 89. 61 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 3: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, RANKED BY COMPANY REVENUE
Rank Company Total Women Total Percentage Rank Company Total Women Total Percentage Corporate Corporate Women Corporate Corporate Women Officers Officers Officers Officers Officers Officers 401 CAESARS ENTERTAINMENT 0 11 0.0 451 AVAYA INC. 2 10 20.0 402 HORMEL FOODS CORPORATION 2 31 6.5 452 ROSS STORES, INC. 7 19 36.8 403 ROUNDY'S, INC. 4 14 28.6 453 TENNECO AUTOMOTIVE INC. 1 20 5.0 404 COMMERCIAL METALS COMPANY 1 7 14.3 454 H&R BLOCK, INC. 1 10 10.0 405 TEMPLE-INLAND INC. 2 18 11.1 455 ECOLAB INC. 2 17 11.8 406 EMCOR GROUP, INC. 2 16 12.5 456 ENGELHARD CORPORATION 0 16 0.0 407 AUTO-OWNERS INSURANCE GROUP 0 4 0.0 457 HOVNANIAN ENTERPRISES, INC. 5 17 29.4 408 GOODRICH CORPORATION 3 13 23.1 458 UNIVERSAL HEALTH SERVICES, INC. 4 15 26.7 409 BRINK'S COMPANY 0 5 0.0 459 OMNICARE, INC. 1 20 5.0 410 MAYTAG CORPORATION 3 19 15.8 460 AFFILIATED COMPUTER SERVICES, INC. 4 15 26.7 411 THE CHARLES SCHWAB CORPORATION 4 14 28.6 461 JEFFERSON-PILOT CORPORATION 1 17 5.9 412 CINERGY CORP. 3 23 13.0 462 GRAYBAR ELECTRIC COMPANY, INC. 1 21 4.8 413 CIT GROUP, INC. 0 7 0.0 463 MUTUAL OF OMAHA INSURANCE COS. 2 9 22.2 414 FISHER SCIENTIFIC INTERNATIONAL INC. 0 5 0.0 464 LEVI STRAUSS & CO. 2 14 14.3 415 IKON OFFICE SOLUTIONS, INC. 4 12 33.3 465 HENRY SCHEIN INC. 0 9 0.0 416 JONES APPAREL GROUP, INC. 2 7 28.6 466 M.D.C. HOLDINGS, INC. 5 18 27.8 417 TEREX CORPORATION 3 19 15.8 467 PATHMARK STORES, INC. 3 34 8.8 418 LIZ CLAIBORNE, INC. 27 51 52.9 468 UNITED STATIONERS INC. 2 15 13.3 419 LAIDLAW INTERNATIONAL, INC. 1 5 20.0 469 RYLAND GROUP, INC. 5 19 26.3 420 REGIONS FINANCIAL CORPORATION 0 23 0.0 470 COOPER TIRE & RUBBER COMPANY 3 15 20.0 421 LONGS DRUG STORES CORPORATION 6 42 14.3 471 WISCONSIN ENERGY CORPORATION 3 16 18.8 422 CARMAX, INC. 9 52 17.3 472 AMERICAN FINANCIAL GROUP, INC. 5 16 31.3 423 JACOBS ENGINEERING GROUP INC. 1 25 4.0 473 BEAZER HOMES USA, INC. 0 8 0.0 424 MIRANT CORPORATION 2 15 13.3 474 COLLINS & AIKMAN CORPORATION 1 20 5.0 425 ERIE INSURANCE GROUP 2 21 9.5 475 BORDERS GROUP, INC. 0 7 0.0 426 TRIAD HOSPITALS, INC. 9 40 22.5 476 NASH FINCH COMPANY 6 23 26.1 427 OWENS & MINOR, INC. 3 11 27.3 477 TOLL BROTHERS, INC. 0 20 0.0 428 NEWMONT MINING CORPORATION 2 43 4.7 478 SCANA CORPORATION 2 11 18.2 429 ROCKWELL AUTOMATION INC. 2 17 11.8 479 WHOLE FOODS MARKET, INC. 7 26 26.9 430 TIMKEN COMPANY 5 38 13.2 480 CORNING INC. 4 36 11.1 431 W.R. BERKLEY CORPORATION 4 30 13.3 481 SEALED AIR CORPORATION 4 17 23.5 432 YORK INTERNATIONAL CORPORATION 3 15 20.0 482 MAXTOR CORPORATION 1 7 14.3 433 USG CORPORATION 2 14 14.3 483 REEBOK INTERNATIONAL LTD. 1 9 11.1 434 BED BATH & BEYOND, INC. 10 43 23.3 484 UGI CORPORATION 1 11 9.1 435 GOLDEN WEST FINANCIAL CORPORATION 1 7 14.3 485 GUIDANT CORPORATION 4 16 25.0 436 HERSHEY FOODS CORPORATION † 1 12 8.3 486 HOST MARRIOTT CORPORATION 2 11 18.2 437 HUGHES SUPPLY, INC. 0 11 0.0 487 ADVANCE AUTO PARTS, INC. 1 18 5.6 438 SMITH INTERNATIONAL, INC. 2 10 20.0 488 SERVICEMASTER 4 23 17.4 439 MICRON TECHNOLOGY, INC. 2 16 12.5 489 WESCO INTERNATIONAL, INC. 0 8 0.0 440 STARWOOD HOTELS & RESORTS WORLD. INC. 1 21 4.8 490 TELEPHONE AND DATA SYSTEMS, INC. 2 17 11.8 441 BIG LOTS, INC. 10 48 20.8 491 LEVEL 3 COMMUNICATIONS, INC. 1 19 5.3 442 C. H. ROBINSON WORLDWIDE, INC. 3 17 17.7 492 BRINKER INTERNATIONAL, INC. 20 73 27.4 443 CONSECO, INC. 3 13 23.1 493 STATER BROS. HOLDINGS INC. 2 14 14.3 444 NVR, INC. 0 4 0.0 494 THE WESTERN & SOUTHN MUTL. HOLD CO. † 6 32 18.8 445 THE CLOROX COMPANY 13 58 22.4 495 GATEWAY 0 12 0.0 446 NTL 1 17 5.9 496 WM. WRIGLEY JR. COMPANY 0 20 0.0 447 MOLSON COORS BREWING COMPANY 2 13 15.4 497 PEABODY ENERGY CORPORATION 1 13 7.7 448 ENBRIDGE ENERGY PARTNERS, L.P. 1 13 7.7 498 WENDY'S INTERNATIONAL, INC. 8 47 17.0 449 MGM MIRAGE 3 16 18.8 499 KINDRED HEALTHCARE, INC. 1 10 10.0 450 STRYKER CORPORATION 0 18 0.0 500 CINCINNATI FINANCIAL CORPORATION 0 5 0.0
62 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 4: FORTUNE 500 INDUSTRIES, RANKED BY PERCENTAGE OF WOMEN CORPORATE OFFICERS
Fortune 500 Industry SIC Industry Number Total Number Total Percentage F500 Women Number Women Companies Corporate Officers Corporate Officers Officers Temporary Help Services 2 44 108 40.7 Apparel Retail Trade 6 37 119 31.1 Toys, Sporting Goods Retail Trade 1 54 190 28.4 Transportation Equipment Manufacturing 2 15 56 26.8 Healthcare Insurance Finance, Insurance, and Real Estate 9 46 180 25.6 Beverages Wholesale Trade 5 32 133 24.1 Insurance: Life, Health (mutual) Finance, Insurance, and Real Estate 8 91 382 23.8 General Merchandisers Retail Trade 13 94 397 23.7 Tobacco Wholesale Trade 2 9 38 23.7 Airlines Transportation and Utilities 7 40 174 23.0 Food Services Retail Trade 6 47 210 22.4 Publishing, Printing Manufacturing 4 29 131 22.1 Specialty Retailers Retail Trade 24 141 709 19.9 Healthcare Medical Facilities Services 5 18 92 19.6 Insurance: Life, Health (stock) Finance, Insurance, and Real Estate 10 34 181 18.8 Wholesalers: Food and Grocery Wholesale Trade 6 23 125 18.4 Pharmaceuticals Retail Trade 9 29 158 18.4 Real Estate Finance, Insurance, and Real Estate 1 2 11 18.2 Household and Personal Products Retail Trade 7 32 181 17.7 Utilities: Gas and Electric Transportation and Utilities 28 89 507 17.6 Network and Other Comm. Eqpt. Manufacturing 6 37 217 17.1 Computers, Office Equipment Wholesale Trade 9 29 172 16.9 Transportation and Logistics Transportation and Utilities 3 6 36 16.7 Railroads Transportation and Utilities 4 14 85 16.5 Diversified Outsourcing Services Services 2 6 37 16.2 Securities Finance, Insurance, and Real Estate 6 24 148 16.2 Homebuilders Construction 11 26 162 16.1 Computer And Data Services Services 7 16 101 15.8 Wholesalers: Healthcare Wholesale Trade 5 9 57 15.8 Entertainment Transportation and Utilities 6 16 102 15.7 Telecommunications Transportation and Utilities 18 50 326 15.3 Food Consumer Products Manufacturing 14 47 307 15.3 Insurance: P&C (stock) Finance, Insurance, and Real Estate 19 49 324 15.1 Savings Institutions Finance, Insurance, and Real Estate 2 3 20 15.0 Food and Drug Stores Retail Trade 12 39 266 14.7 Diversified Financials Finance, Insurance, and Real Estate 7 19 133 14.3 Wholesalers: Electronics and Office Wholesale Trade 8 19 133 14.3 Equipment Hotels, Casinos, Resorts Services 5 16 113 14.2 Aerospace and Defense Transportation and Utilities 10 31 220 14.1
† See addendum notes on page 89. 63 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 4: FORTUNE 500 INDUSTRIES, RANKED BY PERCENTAGE OF WOMEN CORPORATE OFFICERS
Fortune 500 Industry SIC Industry Number Total Number Total Percentage F500 Women Number Women Companies Corporate Officers Corporate Officers Officers Trucking, Truck Leasing Transportation and Utilities 2 4 29 13.8 Energy Transportation and Utilities 12 30 218 13.8 Insurance: P&C (mutual) Finance, Insurance, and Real Estate 2 3 22 13.6 Healthcare Pharmacy and Other Services 5 10 74 13.5 Services Forest and Paper Products Manufacturing 4 19 141 13.5 Medical Products and Equipment Retail Trade 6 14 104 13.5 Commercial Banks Finance, Insurance, and Real Estate 18 70 534 13.1 Oil and Gas Equipment, Services Manufacturing 3 5 40 12.5 Chemicals Manufacturing 14 39 316 12.3 Building Materials, Glass Manufacturing 2 3 25 12.0 Computer Software Manufacturing 2 4 34 11.8 Industrial and Farm Equipment Manufacturing 14 36 308 11.7 Motor Vehicles and Parts Manufacturing 17 37 321 11.5 Metals Mining 7 17 149 11.4 Miscellaneous Services 3 8 71 11.3 Scientific, Photo, Control Eqpt. Manufacturing 3 11 100 11.0 Automotive Retailing, Services Retail Trade 6 11 102 10.8 Computer Peripherals Manufacturing 3 4 38 10.5 Pipelines Transportation and Utilities 6 10 97 10.3 Semiconductors and Other Manufacturing 8 14 148 9.5 Electronic Components Petroleum Refining Manufacturing 10 17 193 8.8 Food Production Manufacturing 3 6 71 8.5 Waste Management Transportation and Utilities 2 4 48 8.3 Electronics, Electrical Eqpt. Wholesale Trade 5 9 111 8.1 Mining, Crude-Oil Production Mining 9 14 173 8.1 Advertising, Marketing Services 2 2 25 8.0 Packaging, Containers Manufacturing 6 7 99 7.1 Home Equipment, Furnishings Retail Trade 3 4 57 7.0 Engineering, Construction Construction 3 4 58 6.9 Wholesalers: Diversified Wholesale Trade 6 3 53 5.7 Furniture Retail Trade 1 1 32 3.1 Mail, Package, Freight Delivery Transportation and Utilities 3 1 33 3.0 Textiles Manufacturing 1 0 8 0.0
64 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 5: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY FORTUNE 500 INDUSTRY WITH COMPANY
ADVERTISING, MARKETING (2/25) 8.0% LYONDELL CHEMICAL COMPANY (2/17) COUNTRYWIDE FINANCIAL CORPORATION (2/15) INTERPUBLIC GROUP OF COMPANIES, INC. (1/15) MONSANTO COMPANY (2/13) GENERAL ELECTRIC COMPANY (6/39) OMNICOM GROUP INC. (1/10) PPG INDUSTRIES, INC. (5/29) MARSH & MCLENNAN COMPANIES, INC. (2/15) PRAXAIR, INC. (2/23) SLM CORPORATION (6/26) AEROSPACE AND DEFENSE (31/220) 14.1% ROHM AND HAAS COMPANY (1/7) THE BOEING COMPANY (2/14) THE SHERWIN-WILLIAMS COMPANY (1/22) DIVERSIFIED OUTSOURCING SERVICES (6/37) GENERAL DYNAMICS CORPORATION (2/30) 16.2% GOODRICH CORPORATION (3/13) COMMERCIAL BANKS (70/534) 13.1% ARAMARK CORPORATION (2/14) HONEYWELL INTERNATIONAL INC. (3/19) BANK OF AMERICA CORPORATION (2/9) SERVICEMASTER (4/23) L-3 COMMUNICATIONS HOLDINGS, INC. (4/34) THE BANK OF NEW YORK COMPANY, INC. (4/44) LOCKHEED MARTIN CORPORATION (7/36) BB&T CORPORATION (1/10) ELECTRONICS, ELECTRICAL EQPT. (9/111) 8.1% NORTHROP GRUMMAN CORPORATION (3/17) CAPITAL ONE FINANCIAL CORPORATION (1/9) EMERSON ELECTRIC CO. (4/59) RAYTHEON COMPANY (2/20) CITIGROUP, INC. (19/94) MAYTAG CORPORATION (3/19) TEXTRON INC. (4/21) FIFTH THIRD BANCORP (2/37) ROCKWELL AUTOMATION INC. (2/17) UNITED TECHNOLOGIES CORPORATION (1/16) J.P. MORGAN CHASE & CO. (4/45) SPX CORPORATION (0/6) KEYCORP (5/33) WHIRLPOOL CORPORATION (0/10) AIRLINES (40/174) 23.0% MBNA CORPORATION (4/21) AMR CORPORATION (9/47) MELLON FINANCIAL CORP. (5/46) ENERGY (30/218) 13.8% CONTINENTAL AIRLINES, INC. (3/17) NATIONAL CITY CORPORATION (6/48) AMERICAN ELECTRIC POWER COMPANY (4/21) DELTA AIR LINES, INC. (8/43) PNC FINANCIAL SERVICES GROUP INC. (3/12) CALPINE CORPORATION (4/25) NORTHWEST AIRLINES CORPORATION (0/7) REGIONS FINANCIAL CORPORATION (0/23) CONSTELLATION ENERGY GROUP, INC. (2/10) SOUTHWEST AIRLINES CO. (10/29) STATE STREET CORPORATION (5/32) DUKE ENERGY (1/12) UAL CORPORATION (2/8) SUNTRUST BANKS, INC. (1/21) DYNEGY INC. (1/7) US AIRWAYS GROUP, INC. (8/23) † U.S. BANCORP (2/13) MIRANT CORPORATION (2/15) WACHOVIA CORPORATION (3/19) ONEOK, INC. (3/28) APPAREL (37/119) 31.1% WELLS FARGO & COMPANY (3/18) RELIANT ENERGY, INC. (3/13) JONES APPAREL GROUP, INC. (2/7) TXU CORP. (6/48) LEVI STRAUSS & CO. (2/14) COMPUTER AND DATA SERVICES (16/101) 15.8% UGI CORPORATION (1/11) LIZ CLAIBORNE, INC. (27/51) AFFILIATED COMPUTER SERVICES, INC. (4/15) WILLIAMS COMPANIES, INC. (0/8) NIKE, INC. (2/20) AUTOMATIC DATA PROCESSING, INC. (3/29) WPS RESOURCES CORP. (3/20) REEBOK INTERNATIONAL LTD. (1/9) COMPUTER SCIENCES CORPORATION (0/8) V.F. CORPORATION (3/18) ELECTRONIC DATA SYSTEMS (1/9) ENGINEERING, CONSTRUCTION (4/58) 6.9% FIRST DATA CORPORATION (3/10) EMCOR GROUP, INC. (2/16) AUTOMOTIVE RETAILING, SERVICES (11/102) SCIENCE APPLICATIONS INTERNATIONAL FLUOR (1/17) 10.8% CORPORATION (0/14) JACOBS ENGINEERING GROUP INC. (1/25) ASBURY AUTOMOTIVE GROUP, INC. (1/14) UNISYS CORPORATION (5/16) AUTONATION, INC. (0/10) ENTERTAINMENT (16/102) 15.7% CARMAX, INC. (9/52) COMPUTER PERIPHERALS (4/38) 10.5% CLEAR CHANNEL COMMUNICATIONS, INC. (8/26) GROUP 1 AUTOMOTIVE, INC. (0/11) EMC CORPORATION (2/21) LIBERTY MEDIA CORPORATION (0/10) SONIC AUTOMOTIVE, INC. (0/5) LEXMARK INTERNATIONAL, INC. (1/10) NEWS CORPORATION (1/12) UNITED AUTO GROUP, INC. (1/10) MAXTOR CORPORATION (1/7) TIME WARNER INC. (2/17) VIACOM INC. (3/16) BEVERAGES (32/133) 24.1% COMPUTER SOFTWARE (4/34) 11.8% WALT DISNEY COMPANY (2/21) ANHEUSER-BUSCH COMPANIES, INC. (6/35) MICROSOFT CORPORATION (1/16) THE COCA-COLA COMPANY (15/44) ORACLE CORPORATION (3/18) FOOD AND DRUG STORES (39/266) 14.7% COCA-COLA ENTERPRISES, INC. (6/29) ALBERTSON'S (2/11) MOLSON COORS BREWING COMPANY (2/13) COMPUTERS, OFFICE EQUIPMENT (29/172) CVS CORPORATION (1/11) THE PEPSI BOTTLING GROUP, INC. (3/12) 16.9% THE KROGER COMPANY (4/20) APPLE COMPUTER, INC. (1/10) LONGS DRUG STORES CORPORATION (6/42) BUILDING MATERIALS, GLASS (3/25) 12% DELL INC. (0/15) PATHMARK STORES, INC. (3/34) OWENS CORNING (1/11) GATEWAY (0/12) PUBLIX SUPER MARKETS, INC. (4/29) USG CORPORATION (2/14) HEWLETT-PACKARD COMPANY (4/12) RITE AID CORPORATION (4/23) INTERNATIONAL BUSINESS MACHINES CORP. (9/47) SAFEWAY INC. (2/25) CHEMICALS (39/316) 12.3% NCR CORPORATION (1/10) STATER BROS. HOLDINGS INC. (2/14) AIR PRODUCTS & CHEMICALS, INC (1/7) PITNEY BOWES INC. (4/15) WALGREEN CO. (2/20) ASHLAND INC. (5/18) SUN MICROSYSTEMS, INC. (2/19) WHOLE FOODS MARKET, INC. (7/26) AVERY DENNISON CORPORATION (5/52) XEROX CORPORATION (8/32) WINN-DIXIE STORES, INC. (2/11) THE DOW CHEMICAL COMPANY (0/20) E.I. DU PONT DE NEMOURS (12/67) DIVERSIFIED FINANCIALS (19/133) 14.3% FOOD CONSUMER PRODUCTS (47/307) 15.3% EASTMAN CHEMICAL (1/8) AMERICAN EXPRESS COMPANY (2/12) CAMPBELL SOUP CO. (4/17) ECOLAB INC. (2/17) AON CORPORATION (1/19) CONAGRA FOODS, INCORPORATED (5/48) ENGELHARD CORPORATION (0/16) CIT GROUP, INC. (0/7) DEAN FOODS COMPANY (2/11) † See addendum notes on page 89. 65 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 5: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY FORTUNE 500 INDUSTRY WITH COMPANY
DOLE FOOD COMPANY, INC. (4/10) HCA INC (4/23) TEREX CORPORATION (3/19) GENERAL MILLS, INC. (5/23) KINDRED HEALTHCARE, INC. (1/10) TIMKEN COMPANY (5/38) H.J. HEINZ COMPANY (4/27) TENET HEALTHCARE CORPORATION (0/4) YORK INTERNATIONAL CORPORATION (3/15) HERSHEY FOODS CORPORATION (1/12) † TRIAD HOSPITALS, INC. (9/40) HORMEL FOODS CORPORATION (2/31) UNIVERSAL HEALTH SERVICES, INC. (4/15) INSURANCE: LIFE, HEALTH (MUTUAL) (91/382) KELLOGG COMPANY (5/25) † 23.8% LAND O'LAKES, INC. (1/9) HEALTHCARE PHARMACY AND OTHER SERVICES GUARDIAN LIFE INS. CO. OF AMERICA (1/15) PEPSICO, INC. (4/15) (10/74) 13.5% MASSACHUSETTS MUTUAL LIFE INSURANCE SARA LEE CORPORATION (9/38) CAREMARK RX, INC. (2/13) COMPANY (11/54) SMITHFIELD FOODS, INC. (1/21) EXPRESS SCRIPTS, INC. (1/13) MUTUAL OF OMAHA INSURANCE COMPANIES (2/9) WM. WRIGLEY JR. COMPANY (0/20) MEDCO HEALTH SOLUTIONS, INC. (2/14) NEW YORK LIFE INSURANCE COMPANY (53/210) OMNICARE, INC. (1/20) THE NORTHWESTERN MUTUAL LIFE INSURANCE CO. FOOD PRODUCTION (6/71) 8.5% QUEST DIAGNOSTICS INCORPORATED (4/14) (9/35) ARCHER-DANIELS-MIDLAND COMPANY (2/33) TEACHERS INSURANCE AND ANNUITY ASSOCIATION PILGRIM'S PRIDE CORPORATION (2/15) HOME EQUIPMENT, FURNISHINGS (4/57) 7.0% COLLEGE (4/12) TYSON FOODS, INC. (2/23) FORTUNE BRANDS, INC. (1/13) THRIVENT FINANCIAL FOR LUTHERANS (5/15) MASCO CORPORATION (3/33) THE WESTERN & SOUTHERN MUTUAL HOLDING FOOD SERVICES (47/210) 22.4% NEWELL RUBBERMAID INC. (0/11) COMPANY (6/32) † BRINKER INTERNATIONAL, INC. (20/73) DARDEN RESTAURANTS, INC. (4/15) HOMEBUILDERS (26/162) 16.0% INSURANCE: LIFE, HEALTH (STOCK) (34/181) MCDONALD'S CORPORATION (3/19) BEAZER HOMES USA, INC. (0/8) 18.8% STARBUCKS CORPORATION (11/38) CENTEX CORPORATION (1/23) AFLAC INCORPORATED (7/31) WENDY'S INTERNATIONAL, INC. (8/47) D.R. HORTON, INC. (1/8) ASSURANT, INC. (3/17) YUM! BRANDS, INC. (1/18) HOVNANIAN ENTERPRISES, INC. (5/17) CONSECO, INC. (3/13) KB HOME (7/30) JEFFERSON-PILOT CORPORATION (1/17) FOREST AND PAPER PRODUCTS (19/141) 13.5% LENNAR CORPORATION (1/10) LINCOLN NATIONAL CORPORATION (4/18) GEORGIA-PACIFIC CORPORATION (4/36) M.D.C. HOLDINGS, INC. (5/18) METLIFE, INC. (2/9) INTERNATIONAL PAPER COMPANY (9/62) NVR, INC. (0/4) PACIFIC LIFECORP (2/28) † MEADWESTVACO CORPORATION (3/23) PULTE HOMES, INC. (1/5) PRINCIPAL FINANCIAL GROUP, INC. (7/23) WEYERHAEUSER COMPANY (3/20) RYLAND GROUP, INC. (5/19) PRUDENTIAL FINANCIAL, INC. (2/9) TOLL BROTHERS, INC. (0/20) UNUMPROVIDENT CORPORATION (3/16) FURNITURE (1/32) 3.1% LEGGETT & PLATT, INCORPORATED (1/32) HOTELS, CASINOS, RESORTS (16/113) 14.2% INSURANCE: P&C (MUTUAL) (3/22) 13.6% CAESARS ENTERTAINMENT (0/11) AUTO-OWNERS INSURANCE GROUP (0/4) GENERAL MERCHANDISERS (94/397) 23.7% HARRAH'S ENTERTAINMENT, INC. (2/17) STATE FARM INSURANCE COS. (3/18) DILLARD'S INC. (4/28) MARRIOTT INTERNATIONAL, INC. (10/48) DOLLAR GENERAL CORPORATION (2/11) MGM MIRAGE (3/16) INSURANCE: P&C (STOCK) (49/324) 15.1% FAMILY DOLLAR STORES, INC. (5/38) STARWOOD HOTELS & RESORTS WORLDWIDE, INC. THE ALLSTATE CORPORATION (2/12) FEDERATED DEPARTMENT STORES, INC. (6/18) (1/21) AMERICAN FAMILY INS. GROUP (3/30) J.C. PENNEY COMPANY, INC. (40/138) AMERICAN FINANCIAL GROUP, INC. (5/16) KMART HOLDING CORPORATION (3/15) † HOUSEHOLD AND PERSONAL PRODUCTS AMERICAN INTERNATIONAL GROUP, INC. (2/25) KOHL'S CORPORATION (2/13) (32/181) 17.7% BERKSHIRE HATHAWAY INC. (2/8) THE MAY DEPARTMENT STORES COMPANY (0/13) AVON PRODUCTS, INC. (5/14) CHUBB CORPORATION (3/24) NORDSTROM, INC. (8/28) THE CLOROX COMPANY (13/58) CINCINNATI FINANCIAL CORPORATION (0/5) SAKS, INCORPORATED (0/8) COLGATE-PALMOLIVE COMPANY (2/20) ERIE INSURANCE GROUP (2/21) SEARS, ROEBUCK AND COMPANY (13/36) † ESTEE LAUDER COMPANIES INC. (3/14) FIDELITY NATIONAL FINANCIAL, INC. (0/10) TARGET CORPORATION (8/28) GILLETTE COMPANY (2/17) THE FIRST AMERICAN CORPORATION (5/26) WAL-MART STORES, INC. (3/23) KIMBERLY-CLARK CORPORATION (3/12) HARTFORD FINANCIAL SERVICES GROUP INC. (3/17) THE PROCTER & GAMBLE COMPANY (4/46) LIBERTY MUTUAL INSURANCE GROUP (1/15) HEALTHCARE INSURANCE (46/180) 25.6% LOEWS CORPORATION (3/18) AETNA INC. (11/44) INDUSTRIAL AND FARM EQPT. (36/308) 11.7% NATIONWIDE MUTUAL INSURANCE CO. (4/13) CIGNA CORPORATION (3/12) AGCO CORPORATION (0/11) THE PROGRESSIVE CORPORATION (0/6) COVENTRY HEALTH CARE INC. (1/10) AMERICAN STANDARD COMPANIES, INC. (1/10) SAFECO CORPORATION (3/14) HEALTH NET, INC. (1/11) BLACK & DECKER CORPORATION (2/15) THE ST. PAUL TRAVELERS COMPANIES, INC. (2/20) HUMANA INC. (2/12) CATERPILLAR, INC. (3/41) UNITED SERVICES AUTOMOBILE ASSOCIATION (5/14) PACIFICARE HEALTH SYSTEMS INC. (3/10) CUMMINS (7/39) W.R. BERKLEY CORPORATION (4/30) UNITEDHEALTH GROUP, INCORPORATED (2/14) DEERE & COMPANY (3/41) WELLCHOICE, INC. (19/52) DOVER CORPORATION (0/12) MAIL, PACKAGE, FREIGHT DELIVERY (1/33) 3.0% WELLPOINT, INC. (4/15) EATON CORPORATION (3/17) BRINK'S COMPANY (0/5) ILLINOIS TOOL WORKS, INC. (0/15) FEDEX CORPORATION (0/17) HEALTHCARE MEDICAL FACILITIES (18/92) ITT INDUSTRIES, INC. (3/16) UNITED PARCEL SERVICE, INC. (1/11) 19.6% PARKER-HANNIFIN CORPORATION (3/19) 66 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 5: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY FORTUNE 500 INDUSTRY WITH COMPANY
MEDICAL PRODUCTS AND EQPT. (14/104) 13.5% OIL AND GAS EQPT., SERVICES (5/40) 12.5% SCIENTIFIC, PHOTO, CONTROL EQPT. (11/100) BAXTER INTERNATIONAL (3/12) BAKER HUGHES INCORPORATED (1/19) 11.0% BECTON, DICKINSON AND COMPANY (3/20) HALLIBURTON COMPANY (2/11) AGILENT TECHNOLOGIES INC. (3/15) BOSTON SCIENTIFIC CORPORATION (2/22) SMITH INTERNATIONAL, INC. (2/10) DANAHER (0/36) GUIDANT CORPORATION (4/16) EASTMAN KODAK COMPANY (8/49) MEDTRONIC, INC. (2/16) PACKAGING, CONTAINERS (7/99) 7.1% STRYKER CORPORATION (0/18) BALL CORPORATION (0/16) SECURITIES (24/148) 16.2% CROWN HOLDINGS, INC. (1/15) THE BEAR STEARNS COMPANIES, INC. (0/10) METALS (17/149) 11.4% OWENS-ILLINOIS (0/16) THE CHARLES SCHWAB CORPORATION (4/14) AK STEEL HOLDING CORPORATION (1/12) SEALED AIR CORPORATION (4/17) THE GOLDMAN SACHS GROUP, INC. (9/49) ALCOA, INC. (12/40) SMURFIT-STONE CONTAINER CORPORATION (0/17) LEHMAN BROTHERS HOLDINGS, INC. (1/28) COMMERCIAL METALS COMPANY (1/7) TEMPLE-INLAND INC. (2/18) MERRILL LYNCH & CO., INC. (7/26) INTERNATIONAL STEEL GROUP, INC. (1/18) † MORGAN STANLEY (3/21) NUCOR CORPORATION (1/47) PETROLEUM REFINING (17/193) 8.8% PHELPS DODGE CORPORATION (0/9) AMERADA HESS CORPORATION (0/27) SEMICONDUCTORS AND OTHER ELECTRONIC UNITED STATES STEEL CORPORATION (1/16) CHEVRONTEXACO CORPORATION (4/20) † COMPONENTS (14/148) 9.5% CONOCOPHILLIPS (4/40) ADVANCED MICRO DEVICES, INC. (0/8) MINING, CRUDE-OIL PRODUCTION (14/173) EXXON MOBIL CORPORATION (2/27) APPLIED MATERIALS, INC. (3/28) 8.1% MARATHON OIL CORPORATION (2/15) INTEL CORPORATION (5/34) ANADARKO PETROLEUM CORP. (2/14) MURPHY OIL CORPORATION (0/11) JABIL CIRCUIT, INC. (1/29) APACHE CORPORATION (3/22) PREMCOR INC. (0/7) MICRON TECHNOLOGY, INC. (2/16) BURLINGTON RESOURCES INC. (1/20) SUNOCO, INC. (1/14) SANMINA-SCI CORPORATION (1/10) DEVON ENERGY CORPORATION (3/23) TESORO CORPORATION (1/14) SOLECTRON CORPORATION (0/9) KERR-MCGEE CORPORATION (2/14) VALERO ENERGY CORPORATION (3/18) TEXAS INSTRUMENTS INCORPORATED (2/14) NEWMONT MINING CORPORATION (2/43) OCCIDENTAL PETROLEUM CORPORATION (0/17) PHARMACEUTICALS (29/158) 18.4% SPECIALTY RETAILERS (141/709) 19.9% PEABODY ENERGY CORPORATION (1/13) ABBOTT LABORATORIES (1/13) ADVANCE AUTO PARTS, INC. (1/18) UNOCAL CORPORATION (0/7) AMGEN, INC. (0/14) AMAZON.COM INC. (1/11) BRISTOL-MYERS SQUIBB COMPANY (2/13) AUTOZONE, INC. (6/41) MISCELLANEOUS (8/71) 11.3% ELI LILLY AND COMPANY (4/26) BARNES & NOBLE INC. (3/13) 3M (4/26) JOHNSON & JOHNSON (6/21) BED BATH & BEYOND, INC. (10/43) CENDANT CORPORATION (3/35) MERCK & CO., INC. (6/15) BEST BUY CO. INC. (2/15) H&R BLOCK, INC. (1/10) PFIZER INC (4/19) BIG LOTS, INC. (10/48) SCHERING-PLOUGH CORPORATION (3/16) BJ'S WHOLESALE CLUB, INC. (15/64) MOTOR VEHICLES AND PARTS (37/321) 11.5% WYETH (3/21) BORDERS GROUP, INC. (0/7) ARVINMERITOR, INC. (2/12) CIRCUIT CITY STORES, INC. (1/15) AUTOLIV, INC. (0/10) PIPELINES (10/97) 10.3% COSTCO WHOLESALE CORPORATION (16/113) COLLINS & AIKMAN CORPORATION (1/20) EL PASO CORPORATION (1/5) FOOT LOCKER, INC. (3/21) COOPER TIRE & RUBBER COMPANY (3/15) ENBRIDGE ENERGY PARTNERS, L.P. (1/13) THE GAP, INC. (24/52) DANA CORPORATION (0/9) ENTERPRISE PRODUCTS PARTNERS, L.P. (4/37) THE HOME DEPOT, INC. (3/14) DELPHI CORPORATION (4/25) KINDER MORGAN ENERGY PARTNERS, L.P. (3/13) IAC/INTERACTIVECORP (2/24) FEDERAL-MOGUL CORPORATION (1/18) PLAINS ALL AMERICAN PIPELINE, L.P. (1/17) LIMITED BRANDS, INC. (2/6) FORD MOTOR COMPANY (7/52) TRANSMONTAIGNE INC. (0/12) LOWE'S COMPANIES, INC. (2/23) GENERAL MOTORS CORPORATION (4/35) OFFICE DEPOT, INC. (5/17) THE GOODYEAR TIRE & RUBBER COMPANY (2/24) PUBLISHING, PRINTING (29/131) 22.1% OFFICEMAX INCORPORATED (3/26) JOHNSON CONTROLS, INC. (3/19) GANNETT CO., INC. (8/32) RADIOSHACK CORPORATION (1/13) LEAR CORPORATION (1/9) MCGRAW-HILL COMPANIES, INC. (1/10) ROSS STORES, INC. (7/19) NAVISTAR INTERNATIONAL CORPORATION (2/12) † R.R. DONNELLEY & SONS COMPANY (15/64) STAPLES, INC. (6/45) PACCAR INC. (3/19) TRIBUNE COMPANY (5/25) THE TJX COMPANIES, INC. (17/54) TENNECO AUTOMOTIVE INC. (1/20) TOYS 'R' US, INC. (1/7) TRW AUTOMOTIVE HOLDINGS CORP. (0/6) RAILROADS (14/85) 16.5% VISTEON CORPORATION (3/16) BURLINGTON NORTHERN SANTA FE CORP. (4/18) TELECOMMUNICATIONS (50/326) 15.3% CSX (2/15) ALLTEL CORPORATION (1/10) NETWORK AND OTHER COMMUNICATIONS NORFOLK SOUTHERN CORPORATION (5/36) AT&T CORP. (1/10) EQUIPMENT (37/217) 17.1% UNION PACIFIC CORPORATION (3/16) BELLSOUTH CORPORATION (7/40) AVAYA INC. (2/10) CABLEVISION SYSTEMS CORPORATION (1/14) CISCO SYSTEMS, INC. (1/10) REAL ESTATE (2/11) 18.2% CHARTER COMMUNICATIONS, INC. (0/8) CORNING INC. (4/36) HOST MARRIOTT CORPORATION (2/11) COMCAST CORPORATION (5/35) LUCENT TECHNOLOGIES INC. (5/21) COX COMMUNICATIONS, INC. (13/44) MOTOROLA, INC. (23/125) SAVINGS INSTITUTIONS (3/20) 15.0% DIRECTV GROUP, INC. (0/7) QUALCOMM, INC. (2/15) GOLDEN WEST FINANCIAL CORPORATION (1/7) ECHOSTAR COMMUNICATIONS CORPORATION WASHINGTON MUTUAL, INC. (2/13) (0/11) † See addendum notes on page 89. 67 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 5: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY FORTUNE 500 INDUSTRY WITH COMPANY
LEVEL 3 COMMUNICATIONS, INC. (1/19) KEYSPAN CORPORATION (4/21) MCI, INC. (6/15) NISOURCE INC. (2/13) NEXTEL COMMUNICATIONS, INC. (2/21) NORTHEAST UTILITIES (3/11) NTL (1/17) OGE ENERGY CORP (2/13) QWEST COMMUNICATIONS INTERNATIONAL INC. PEPCO HOLDINGS, INC. (7/22) (1/7) PG&E CORPORATION (3/15) SBC COMMUNICATIONS INC. (1/11) PPL CORPORATION (1/26) SPRINT CORPORATION (4/27) PROGRESS ENERGY, INC. (0/12) TELEPHONE AND DATA SYSTEMS, INC. (2/17) PUBLIC SERVICE ENTERPRISE GROUP, INC. (1/8) VERIZON COMMUNICATIONS INC. (4/13) SCANA CORPORATION (2/11) SEMPRA ENERGY (2/21) TEMPORARY HELP (44/108) 40.7% SOUTHERN COMPANY (4/16) KELLY SERVICES, INC. (42/98) WISCONSIN ENERGY CORPORATION (3/16) MANPOWER INC. (2/10) XCEL ENERGY INC. (4/12)
TEXTILES (0/8) 0% WASTE MANAGEMENT (4/48) 8.3% MOHAWK INDUSTRIES, INC. (0/8) ALLIED WASTE INDUSTRIES (1/26) WASTE MANAGEMENT, INC. (3/22) TOBACCO (9/38) 23.7% ALTRIA GROUP, INC. (2/15) WHOLESALERS: DIVERSIFIED (3/53) 5.7% REYNOLDS AMERICAN INC. (7/23) FISHER SCIENTIFIC INTERNATIONAL INC. (0/5) GENUINE PARTS COMPANY (1/11) TOYS, SPORTING GOODS (54/190) 28.4% HUGHES SUPPLY, INC. (0/11) MATTEL, INC. (54/190) W.W. GRAINGER, INC. (2/12) WESCO INTERNATIONAL, INC. (0/8) TRANSPORTATION AND LOGISTICS (6/36) 16.7% WORLD FUEL SERVICES CORPORATION (0/6) C. H. ROBINSON WORLDWIDE, INC. (3/17) CNF INC. (2/14) WHOLESALERS: ELECTRONICS AND OFFICE LAIDLAW INTERNATIONAL, INC. (1/5) EQUIPMENT (19/133) 14.3% ARROW ELECTRONICS, INC (3/13) TRANSPORTATION EQUIPMENT (15/56) 26.8% AVNET, INC. (0/22) BRUNSWICK CORPORATION (6/20) CDW CORPORATION (7/18) HARLEY-DAVIDSON, INC. (9/36) GRAYBAR ELECTRIC COMPANY, INC. (1/21) IKON OFFICE SOLUTIONS, INC. (4/12) TRUCKING, TRUCK LEASING (4/29) 13.8% INGRAM MICRO, INC. (1/13) RYDER SYSTEM, INC. (4/14) TECH DATA CORPORATION (1/19) YELLOW ROADWAY CORPORATION (0/15) UNITED STATIONERS INC. (2/15)
UTILITIES: GAS AND ELECTRIC (89/507) 17.6% WHOLESALERS: FOOD AND GROCERY (23/125) AES CORPORATION (6/44) 18.4% AMEREN CORPORATION (2/33) CHS INC. (0/7) CENTERPOINT ENERGY, INC. (1/15) NASH FINCH COMPANY (6/23) CINERGY CORP. (3/23) PERFORMANCE FOOD GROUP COMPANY (1/8) CMS ENERGY CORPORATION (5/26) ROUNDY'S, INC. (4/14) CONSOLIDATED EDISON, INC. (8/42) SUPERVALU INC. (5/23) DOMINION RESOURCES, INC. (5/19) SYSCO CORPORATION (7/50) DTE ENERGY COMPANY (1/9) EDISON INTERNATIONAL (6/14) WHOLESALERS: HEALTHCARE (9/57) 15.8% ENERGY EAST CORPORATION (4/16) AMERISOURCEBERGEN CORP. (2/14) ENTERGY CORPORATION (2/16) CARDINAL HEALTH, INC. (2/14) EXELON CORPORATION (2/9) HENRY SCHEIN INC. (0/9) FIRSTENERGY CORP. (3/12) MCKESSON CORPORATION (2/9) FPL GROUP, INC. (3/12) OWENS & MINOR, INC. (3/11)
68 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 6: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY SIC INDUSTRY WITH FORTUNE 500 INDUSTRY
SIC Industry Fortune 500 Rank Company Number Number Percentage Industry Women Total Women Corporate Corporate Corporate Officers Officers Officers CONSTRUCTION Homebuilders 457 Hovnanian Enterprises, Inc. 5 17 29.4 Homebuilders 466 M.D.C. Holdings, Inc. 5 18 27.8 Homebuilders 469 Ryland Group, Inc. 5 19 26.3 Homebuilders 300 KB Home 7 30 23.3 Homebuilders 181 Pulte Homes, Inc. 1 5 20.0 Engineering, Construction 406 Emcor Group, Inc. 2 16 12.5 Homebuilders 203 D.R. Horton, Inc. 1 8 12.5 Homebuilders 214 Lennar Corporation 1 10 10.0 Engineering, Construction 241 Fluor 1 17 5.9 Homebuilders 204 Centex Corporation 1 23 4.4 Engineering, Construction 423 Jacobs Engineering Group Inc. 1 25 4.0 Homebuilders 444 NVR, Inc. 0 4 0.0 Homebuilders 477 Toll Brothers, Inc. 0 20 0.0 Homebuilders 473 Beazer Homes USA, Inc. 0 8 0.0 Total 30 220 13.6
FINANCE, INSURANCE, Healthcare Insurance 342 WellChoice, Inc. 19 52 36.5 AND REAL ESTATE Insurance: P&C (stock) 191 United Services Automobile 5 14 35.7 Association Insurance: Life, Health (mutual) 319 Thrivent Financial for Lutherans 5 15 33.3 Insurance: Life, Health (mutual) 81 Teachers Insurance and Annuity 4 12 33.3 Association College Insurance: P&C (stock) 472 American Financial Group, Inc. 5 16 31.3 Insurance: P&C (stock) 99 Nationwide Mutual Insurance Co. 4 13 30.8 Insurance: Life, Health (stock) 253 Principal Financial Group, Inc. 7 23 30.4 Healthcare Insurance 172 PacifiCare Health Systems Inc. 3 10 30.0 Securities 411 The Charles Schwab Corporation 4 14 28.6 Securities 53 Merrill Lynch & Co., Inc. 7 26 26.9 Healthcare Insurance 97 WellPoint, Inc. 4 15 26.7 Insurance: Life, Health (mutual) 124 The Northwestern Mutual Life 9 35 25.7 Insurance Company Insurance: Life, Health (mutual) 68 New York Life Insurance Company 53 210 25.2 Insurance: P&C (stock) 12 Berkshire Hathaway Inc. 2 8 25.0 Commercial Banks 323 PNC Financial Services Group Inc. 3 12 25.0 Healthcare Insurance 108 Aetna Inc. 11 44 25.0 Healthcare Insurance 122 CIGNA Corporation 3 12 25.0 Diversified Financials 378 SLM Corporation 6 26 23.1 Insurance: Life, Health (stock) 443 Conseco, Inc. 3 13 23.1 Insurance: Life, Health (stock) 158 AFLAC Incorporated 7 31 22.6 Commercial Banks 18 Bank of America Corporation 2 9 22.2 Insurance: Life, Health (stock) 37 MetLife, Inc. 2 9 22.2 Insurance: Life, Health (stock) 64 Prudential Financial, Inc. 2 9 22.2 Insurance: Life, Health (mutual) 463 Mutual of Omaha Insurance Co. 2 9 22.2 Insurance: Life, Health (stock) 363 Lincoln National Corporation 4 18 22.2 Insurance: P&C (stock) 285 Safeco Corporation 3 14 21.4 Insurance: Life, Health (mutual) 83 Massachusetts Mutual Life 11 54 20.4 Insurance Company
† See addendum notes on page 89. 69 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 6: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY SIC INDUSTRY WITH FORTUNE 500 INDUSTRY
SIC Industry Fortune 500 Rank Company Number Number Percentage Industry Women Total Women Corporate Corporate Corporate Officers Officers Officers FINANCE, INSURANCE, Commercial Banks 8 Citigroup, Inc. 19 94 20.2 AND REAL ESTATE Insurance: P&C (stock) 309 The First American Corporation 5 26 19.2 Commercial Banks 171 MBNA Corporation 4 21 19.1 Insurance: Life, Health (stock) 208 UnumProvident Corporation 3 16 18.8 Insurance: Life, Health (mutual) 494 The Western & Southern Mutual 6 32 18.8 Holding Company † Securities 59 The Goldman Sachs Group, Inc. 9 49 18.4 Real Estate 486 Host Marriott Corporation 2 11 18.2 Insurance: Life, Health (stock) 282 Assurant, Inc. 3 17 17.7 Insurance: P&C (stock) 88 Hartford Financial Services Group 3 17 17.7 Inc. Insurance: P&C (mutual) 19 State Farm Insurance Cos. 3 18 16.7 Healthcare Insurance 162 Humana Inc. 2 12 16.7 Diversified Financials 62 American Express Company 2 12 16.7 Commercial Banks 52 Wells Fargo & Company 3 18 16.7 Insurance: P&C (stock) 51 The Allstate Corporation 2 12 16.7 Insurance: P&C (stock) 144 Loews Corporation 3 18 16.7 Commercial Banks 65 Wachovia Corporation 3 19 15.8 Commercial Banks 341 State Street Corporation 5 32 15.6 Savings Institutions 131 Washington Mutual, Inc. 2 13 15.4 Diversified Financials 5 General Electric Company 6 39 15.4 Commercial Banks 143 U.S. Bancorp 2 13 15.4 Commercial Banks 355 KeyCorp 5 33 15.2 Savings Institutions 435 Golden West Financial Corporation 1 7 14.3 Healthcare Insurance 40 UnitedHealth Group, Incorporated 2 14 14.3 Securities 36 Morgan Stanley 3 21 14.3 Diversified Financials 150 Countrywide Financial Corporation 2 15 13.3 Insurance: P&C (stock) 431 W.R. Berkley Corporation 4 30 13.3 Diversified Financials 176 Marsh & McLennan Co., Inc. 2 15 13.3 Insurance: P&C (stock) 161 Chubb Corporation 3 24 12.5 Commercial Banks 211 National City Corporation 6 48 12.5 Commercial Banks 206 Capital One Financial Corporation 1 9 11.1 Commercial Banks 391 Mellon Financial Corp. 5 46 10.9 Insurance: P&C (stock) 85 The St. Paul Travelers Co., Inc. 2 20 10.0 Commercial Banks 312 BB&T Corporation 1 10 10.0 Insurance: P&C (stock) 313 American Family Ins. Group 3 30 10.0 Healthcare Insurance 371 Coventry Health Care Inc. 1 10 10.0 Insurance: P&C (stock) 425 Erie Insurance Group 2 21 9.5 Healthcare Insurance 185 Health Net, Inc. 1 11 9.1 Commercial Banks 293 The Bank of New York Co., Inc. 4 44 9.1 Commercial Banks 20 J.P. Morgan Chase & Co. 4 45 8.9 Insurance: P&C (stock) 9 American International Group, Inc. 2 25 8.0 Insurance: Life, Health (stock) 395 Pacific LifeCorp † 2 28 7.1 Insurance: P&C (stock) 111 Liberty Mutual Insurance Group 1 15 6.7 Insurance: Life, Health (mutual) 251 Guardian Life Ins. Co. of America 1 15 6.7 Insurance: Life, Health (stock) 461 Jefferson-Pilot Corporation 1 17 5.9
70 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 6: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY SIC INDUSTRY WITH FORTUNE 500 INDUSTRY
SIC Industry Fortune 500 Rank Company Number Number Percentage Industry Women Total Women Corporate Corporate Corporate Officers Officers Officers FINANCE, INSURANCE, Commercial Banks 317 Fifth Third Bancorp 2 37 5.4 AND REAL ESTATE Diversified Financials 218 Aon Corporation 1 19 5.3 Commercial Banks 273 SunTrust Banks, Inc. 1 21 4.8 Securities 94 Lehman Brothers Holdings, Inc. 1 28 3.6 Commercial Banks 420 Regions Financial Corporation 0 23 0.0 Insurance: P&C (stock) 155 The Progressive Corporation 0 6 0.0 Insurance: P&C (mutual) 407 Auto-Owners Insurance Group 0 4 0.0 Diversified Financials 413 CIT Group, Inc. 0 7 0.0 Insurance: P&C (stock) 500 Cincinnati Financial Corporation 0 5 0.0 Insurance: P&C (stock) 261 Fidelity National Financial, Inc. 0 10 0.0 Securities 258 The Bear Stearns Companies, Inc. 0 10 0.0 Total 341 1,935 17.6
MANUFACTURING Food Consumer Products 369 Dole Food Company, Inc. 4 10 40.0 Transportation Equipment 377 Brunswick Corporation 6 20 30.0 Chemicals 252 Ashland Inc. 5 18 27.8 Food Consumer Products 61 PepsiCo, Inc. 4 15 26.7 Publishing, Printing 283 Gannett Co., Inc. 8 32 25.0 Transportation Equipment 368 Harley-Davidson, Inc. 9 36 25.0 Network and Other Comm. 247 Lucent Technologies Inc. 5 21 23.8 Eqpt. Food Consumer Products 114 Sara Lee Corporation 9 38 23.7 Food Consumer Products 297 Campbell Soup Co. 4 17 23.5 Packaging, Containers 481 Sealed Air Corporation 4 17 23.5 Publishing, Printing 275 R.R. Donnelley & Sons Company 15 64 23.4 Food Consumer Products 197 General Mills, Inc. 5 23 21.7 Publishing, Printing 348 Tribune Company 5 25 20.0 Food Consumer Products 234 Kellogg Company † 5 25 20.0 Scientific, Photo, Control 290 Agilent Technologies Inc. 3 15 20.0 Eqpt. Motor Vehicles and Parts 470 Cooper Tire & Rubber Company 3 15 20.0 Oil and Gas Eqpt., Services 438 Smith International, Inc. 2 10 20.0 Network and Other Comm. 451 Avaya Inc. 2 10 20.0 Eqpt. Petroleum Refining 6 ChevronTexaco Corporation † 4 20 20.0 Industrial and Farm Equipment 432 York International Corporation 3 15 20.0 Industrial and Farm Equipment 308 ITT Industries, Inc. 3 16 18.8 Motor Vehicles and Parts 118 Visteon Corporation 3 16 18.8 Network and Other Comm. 49 Motorola, Inc. 23 125 18.4 Eqpt. Food Consumer Products 205 Dean Foods Company 2 11 18.2 Oil and Gas Eqpt., Services 101 Halliburton Company 2 11 18.2 Industrial and Farm Equipment 257 Cummins 7 39 18.0 Chemicals 66 E.I. du Pont de Nemours 12 67 17.9 Industrial and Farm Equipment 227 Eaton Corporation 3 17 17.7 Chemicals 236 PPG Industries, Inc. 5 29 17.2 Motor Vehicles and Parts 244 ArvinMeritor, Inc. 2 12 16.7
† See addendum notes on page 89. 71 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 6: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY SIC INDUSTRY WITH FORTUNE 500 INDUSTRY
SIC Industry Fortune 500 Rank Company Number Number Percentage Industry Women Total Women Corporate Corporate Corporate Officers Officers Officers MANUFACTURING Computer Software 220 Oracle Corporation 3 18 16.7 Motor Vehicles and Parts 233 Navistar International Corp. † 2 12 16.7 Petroleum Refining 22 Valero Energy Corporation 3 18 16.7 Scientific, Photo, Control 153 Eastman Kodak Company 8 49 16.3 Eqpt. Motor Vehicles and Parts 63 Delphi Corporation 4 25 16.0 Motor Vehicles and Parts 188 Paccar Inc. 3 19 15.8 Industrial and Farm Equipment 298 Parker-Hannifin Corporation 3 19 15.8 Industrial and Farm Equipment 417 Terex Corporation 3 19 15.8 Motor Vehicles and Parts 71 Johnson Controls, Inc. 3 19 15.8 Chemicals 357 Monsanto Company 2 13 15.4 Forest and Paper Products 89 Weyerhaeuser Company 3 20 15.0 Food Consumer Products 259 H.J. Heinz Company 4 27 14.8 Semiconductors and Other 50 Intel Corporation 5 34 14.7 Electronic Components Forest and Paper Products 70 International Paper Company 9 62 14.5 Semiconductors and Other 166 Texas Instruments Incorporated 2 14 14.3 Electronic Components Chemicals 287 Rohm and Haas Company 1 7 14.3 Chemicals 281 Air Products & Chemicals, Inc 1 7 14.3 Computer Peripherals 482 Maxtor Corporation 1 7 14.3 Building Materials, Glass 433 USG Corporation 2 14 14.3 Motor Vehicles and Parts 4 Ford Motor Company 7 52 13.5 Petroleum Refining 31 Marathon Oil Corporation 2 15 13.3 Food Production 364 Pilgrim's Pride Corporation 2 15 13.3 Network and Other Comm. 398 Qualcomm, Inc. 2 15 13.3 Eqpt. Industrial and Farm Equipment 359 The Black & Decker Corporation 2 15 13.3 Industrial and Farm Equipment 430 Timken Company 5 38 13.2 Forest and Paper Products 267 MeadWestvaco Corporation 3 23 13.0 Chemicals 316 Eastman Chemical 1 8 12.5 Semiconductors and Other 439 Micron Technology, Inc. 2 16 12.5 Electronic Components Chemicals 338 Lyondell Chemical Company 2 17 11.8 Chemicals 455 Ecolab Inc. 2 17 11.8 Motor Vehicles and Parts 3 General Motors Corporation 4 35 11.4 Motor Vehicles and Parts 127 Lear Corporation 1 9 11.1 Food Consumer Products 279 Land O'Lakes, Inc. 1 9 11.1 Packaging, Containers 405 Temple-Inland Inc. 2 18 11.1 Network and Other Comm. 480 Corning Inc. 4 36 11.1 Eqpt. Forest and Paper Products 109 Georgia-Pacific Corporation 4 36 11.1 Semiconductors and Other 270 Applied Materials, Inc. 3 28 10.7 Electronic Components Food Consumer Products 121 ConAgra Foods, Incorporated 5 48 10.4 Industrial and Farm Equipment 238 American Standard Co., Inc. 1 10 10.0 Semiconductors and Other 175 Sanmina-SCI Corporation 1 10 10.0 Electronic Components
72 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 6: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY SIC INDUSTRY WITH FORTUNE 500 INDUSTRY
SIC Industry Fortune 500 Rank Company Number Number Percentage Industry Women Total Women Corporate Corporate Corporate Officers Officers Officers MANUFACTURING Network and Other Comm. 91 Cisco Systems, Inc. 1 10 10.0 Equipment Petroleum Refining 7 ConocoPhillips 4 40 10.0 Publishing, Printing 375 The McGraw-Hill Companies, Inc. 1 10 10.0 Computer Peripherals 370 Lexmark International, Inc. 1 10 10.0 Chemicals 366 Avery Dennison Corporation 5 52 9.6 Computer Peripherals 266 EMC Corporation 2 21 9.5 Building Materials, Glass 349 Owens Corning 1 11 9.1 Chemicals 315 Praxair, Inc. 2 23 8.7 Food Production 72 Tyson Foods, Inc. 2 23 8.7 Food Consumer Products 436 Hershey Foods Corporation † 1 12 8.3 Motor Vehicles and Parts 120 The Goodyear Tire & Rubber Co. 2 24 8.3 Petroleum Refining 2 Exxon Mobil Corporation 2 27 7.4 Industrial and Farm Equipment 57 Caterpillar, Inc. 3 41 7.3 Industrial and Farm Equipment 106 Deere & Company 3 41 7.3 Petroleum Refining 177 Tesoro Corporation 1 14 7.1 Petroleum Refining 82 Sunoco, Inc. 1 14 7.1 Packaging, Containers 289 Crown Holdings, Inc. 1 15 6.7 Food Consumer Products 402 Hormel Foods Corporation 2 31 6.5 Computer Software 41 Microsoft Corporation 1 16 6.3 Food Production 44 Archer-Daniels-Midland Company 2 33 6.1 Motor Vehicles and Parts 326 Federal-Mogul Corporation 1 18 5.6 Oil and Gas Eqpt., Services 330 Baker Hughes Incorporated 1 19 5.3 Motor Vehicles and Parts 474 Collins & Aikman Corporation 1 20 5.0 Motor Vehicles and Parts 453 Tenneco Automotive Inc. 1 20 5.0 Food Consumer Products 222 Smithfield Foods, Inc. 1 21 4.8 Chemicals 331 The Sherwin-Williams Company 1 22 4.6 Semiconductors and Other 324 Jabil Circuit, Inc. 1 29 3.5 Electronic Components Motor Vehicles and Parts 329 Autoliv, Inc. 0 10 0.0 Petroleum Refining 136 Premcor Inc. 0 7 0.0 Textiles 340 Mohawk Industries, Inc. 0 8 0.0 Motor Vehicles and Parts 201 Dana Corporation 0 9 0.0 Packaging, Containers 262 Smurfit-Stone Container Corp. 0 17 0.0 Motor Vehicles and Parts 178 TRW Automotive Holdings Corp. 0 6 0.0 Petroleum Refining 255 Murphy Oil Corporation 0 11 0.0 Scientific, Photo, Control 306 Danaher 0 36 0.0 Eqpt. Semiconductors and Other 164 Solectron Corporation 0 9 0.0 Electronic Components Packaging, Containers 292 Owens-Illinois 0 16 0.0 Industrial and Farm Equipment 183 Illinois Tool Works, Inc. 0 15 0.0 Petroleum Refining 126 Amerada Hess Corporation 0 27 0.0 Chemicals 34 The Dow Chemical Company 0 20 0.0 Chemicals 456 Engelhard Corporation 0 16 0.0 Semiconductors and Other 387 Advanced Micro Devices, Inc. 0 8 0.0 Electronic Components
† See addendum notes on page 89. 73 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 6: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY SIC INDUSTRY WITH FORTUNE 500 INDUSTRY
SIC Industry Fortune 500 Rank Company Number Number Percentage Industry Women Total Women Corporate Corporate Corporate Officers Officers Officers MANUFACTURING Food Consumer Products 496 Wm. Wrigley Jr. Company 0 20 0.0 Packaging, Containers 360 Ball Corporation 0 16 0.0 Industrial and Farm Equipment 354 Dover Corporation 0 12 0.0 Industrial and Farm Equipment 374 AGCO Corporation 0 11 0.0 Total 330 2,553 12.9
MINING Metals 79 Alcoa, Inc. 12 40 30.0 Mining, Crude-Oil Production 379 Kerr-McGee Corporation 2 14 14.3 Metals 404 Commercial Metals Company 1 7 14.3 Mining, Crude-Oil Production 333 Anadarko Petroleum Corp. 2 14 14.3 Mining, Crude-Oil Production 367 Apache Corporation 3 22 13.6 Mining, Crude-Oil Production 243 Devon Energy Corporation 3 23 13.0 Metals 376 AK Steel Holding Corporation 1 12 8.3 Mining, Crude-Oil Production 497 Peabody Energy Corporation 1 13 7.7 Metals 149 United States Steel Corporation 1 16 6.3 Metals 248 International Steel Group, Inc. † 1 18 5.6 Mining, Crude-Oil Production 353 Burlington Resources Inc. 1 20 5.0 Mining, Crude-Oil Production 428 Newmont Mining Corporation 2 43 4.7 Metals 189 Nucor Corporation 1 47 2.1 Mining, Crude-Oil Production 186 Occidental Petroleum Corporation 0 17 0.0 Mining, Crude-Oil Production 268 Unocal Corporation 0 7 0.0 Metals 299 Phelps Dodge Corporation 0 9 0.0 Total 31 322 9.6
RETAIL TRADE Apparel 418 Liz Claiborne, Inc. 27 51 52.9 Specialty Retailers 130 The Gap, Inc. 24 52 46.2 Pharmaceuticals 84 Merck & Co., Inc. 6 15 40.0 Specialty Retailers 452 Ross Stores, Inc. 7 19 36.8 General Merchandisers 45 Sears, Roebuck and Company † 13 36 36.1 Household and Personal Prod. 278 Avon Products, Inc. 5 14 35.7 General Merchandisers 133 Federated Department Stores, Inc. 6 18 33.3 Specialty Retailers 240 Limited Brands, Inc. 2 6 33.3 Specialty Retailers 141 The TJX Companies, Inc. 17 54 31.5 Specialty Retailers 156 Office Depot, Inc. 5 17 29.4 General Merchandisers 74 J.C. Penney Company, Inc. 40 138 29.0 Food Services 372 Starbucks Corporation 11 38 29.0 Pharmaceuticals 30 Johnson & Johnson 6 21 28.6 General Merchandisers 27 Target Corporation 8 28 28.6 General Merchandisers 294 Nordstrom, Inc. 8 28 28.6 Apparel 416 Jones Apparel Group, Inc. 2 7 28.6 Toys, Sporting Goods 383 Mattel, Inc. 54 190 28.4 Food Services 492 Brinker International, Inc. 20 73 27.4 Food and Drug Stores 479 Whole Foods Market, Inc. 7 26 26.9 Food Services 386 Darden Restaurants, Inc. 4 15 26.7 Household and Personal Prod. 135 Kimberly-Clark Corporation 3 12 25.0 Medical Products and Eqpt. 485 Guidant Corporation 4 16 25.0
74 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 6: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY SIC INDUSTRY WITH FORTUNE 500 INDUSTRY
SIC Industry Fortune 500 Rank Company Number Number Percentage Industry Women Total Women Corporate Corporate Corporate Officers Officers Officers RETAIL TRADE Medical Products and Eqpt. 237 Baxter International 3 12 25.0 Specialty Retailers 284 BJ's Wholesale Club, Inc. 15 64 23.4 Specialty Retailers 434 Bed Bath & Beyond, Inc. 10 43 23.3 Specialty Retailers 335 Barnes & Noble Inc. 3 13 23.1 Household and Personal Prod. 445 The Clorox Company 13 58 22.4 Specialty Retailers 13 The Home Depot, Inc. 3 14 21.4 Household and Personal Prod. 346 The Estee Lauder Companies Inc. 3 14 21.4 Pharmaceuticals 24 Pfizer Inc 4 19 21.1 Specialty Retailers 441 Big Lots, Inc. 10 48 20.8 General Merchandisers 113 Kmart Holding Corporation † 3 15 20.0 Food and Drug Stores 21 The Kroger Company 4 20 20.0 Pharmaceuticals 264 Schering-Plough Corporation 3 16 18.8 Food and Drug Stores 182 Winn-Dixie Stores, Inc. 2 11 18.2 Food and Drug Stores 35 Albertson's 2 11 18.2 General Merchandisers 280 Dollar General Corporation 2 11 18.2 Food and Drug Stores 128 Rite Aid Corporation 4 23 17.4 Automotive Retailing, Services 422 CarMax, Inc. 9 52 17.3 Food Services 498 Wendy's International, Inc. 8 47 17.0 Apparel 334 V.F. Corporation 3 18 16.7 Food Services 116 McDonald's Corporation 3 19 15.8 Pharmaceuticals 152 Eli Lilly and Company 4 26 15.4 Pharmaceuticals 93 Bristol-Myers Squibb Company 2 13 15.4 General Merchandisers 184 Kohl's Corporation 2 13 15.4 Medical Products and Eqpt. 388 Becton, Dickinson and Company 3 20 15.0 Specialty Retailers 350 AutoZone, Inc. 6 41 14.6 Pharmaceuticals 125 Wyeth 3 21 14.3 Specialty Retailers 192 Toys 'R' Us, Inc. 1 7 14.3 Specialty Retailers 365 Foot Locker, Inc. 3 21 14.3 Food and Drug Stores 493 Stater Bros. Holdings Inc. 2 14 14.3 Apparel 464 Levi Strauss & Co. 2 14 14.3 Food and Drug Stores 421 Longs Drug Stores Corporation 6 42 14.3 General Merchandisers 274 Dillard's Inc. 4 28 14.3 Specialty Retailers 29 Costco Wholesale Corporation 16 113 14.2 Food and Drug Stores 117 Publix Super Markets, Inc. 4 29 13.8 Specialty Retailers 77 Best Buy Co. Inc. 2 15 13.3 Specialty Retailers 146 Staples, Inc. 6 45 13.3 General Merchandisers 373 Family Dollar Stores, Inc. 5 38 13.2 General Merchandisers 1 Wal-Mart Stores, Inc. 3 23 13.0 Medical Products and Eqpt. 246 Medtronic, Inc. 2 16 12.5 Household and Personal Prod. 215 Gillette Company 2 17 11.8 Specialty Retailers 159 OfficeMax Incorporated 3 26 11.5 Apparel 483 Reebok International Ltd. 1 9 11.1 Household and Personal Prod. 210 Colgate-Palmolive Company 2 20 10.0 Automotive Retailing, Services 225 United Auto Group, Inc. 1 10 10.0 Apparel 173 Nike, Inc. 2 20 10.0 Food and Drug Stores 38 Walgreen Co. 2 20 10.0 Food and Drug Stores 55 CVS Corporation 1 11 9.1
† See addendum notes on page 89. 75 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 6: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY SIC INDUSTRY WITH FORTUNE 500 INDUSTRY
SIC Industry Fortune 500 Rank Company Number Number Percentage Industry Women Total Women Corporate Corporate Corporate Officers Officers Officers RETAIL TRADE Home Equipment, Furnishings 170 Masco Corporation 3 33 9.1 Medical Prod. and Eqpt. 352 Boston Scientific Corporation 2 22 9.1 Specialty Retailers 303 Amazon.Com Inc. 1 11 9.1 Food and Drug Stores 467 Pathmark Stores, Inc. 3 34 8.8 Specialty Retailers 43 Lowe's Companies, Inc. 2 23 8.7 Household and Personal Prod. 26 The Procter & Gamble Company 4 46 8.7 Specialty Retailers 325 IAC/INTERACTIVECORP 2 24 8.3 Food and Drug Stores 46 Safeway Inc. 2 25 8.0 Pharmaceuticals 100 Abbott Laboratories 1 13 7.7 Specialty Retailers 399 RadioShack Corporation 1 13 7.7 Home Equipment, Furnishings 301 Fortune Brands, Inc. 1 13 7.7 Automotive Retailing, Services 358 Asbury Automotive Group, Inc. 1 14 7.1 Specialty Retailers 231 Circuit City Stores, Inc. 1 15 6.7 Specialty Retailers 487 Advance Auto Parts, Inc. 1 18 5.6 Food Services 249 Yum! Brands, Inc. 1 18 5.6 Furniture 384 Leggett & Platt, Incorporated 1 32 3.1 Pharmaceuticals 212 Amgen, Inc 0 14 0.0 Automotive Retailing, Services 112 Autonation, Inc. 0 10 0.0 General Merchandisers 147 The May Department Stores Co. 0 13 0.0 Automotive Retailing, Services 361 Group 1 Automotive, Inc. 0 11 0.0 General Merchandisers 320 Saks, Incorporated 0 8 0.0 Home Equipment, Furnishings 304 Newell Rubbermaid Inc. 0 11 0.0 Specialty Retailers 475 Borders Group, Inc. 0 7 0.0 Medical Products and Eqpt. 450 Stryker Corporation 0 18 0.0 Automotive Retailing, Services 272 Sonic Automotive, Inc. 0 5 0.0 Total 503 2,525 19.9
SERVICES Temporary Help 389 Kelly Services, Inc. 42 98 42.9 Computer And Data Services 343 Unisys Corporation 5 16 31.3 Computer And Data Services 223 First Data Corporation 3 10 30.0 Healthcare Pharmacy and 382 Quest Diagnostics Incorporated 4 14 28.6 Other Services Healthcare Medical Facilities 458 Universal Health Services, Inc. 4 15 26.7 Computer And Data Services 460 Affiliated Computer Services, Inc. 4 15 26.7 Healthcare Medical Facilities 426 Triad Hospitals, Inc. 9 40 22.5 Hotels, Casinos, Resorts 224 Marriott International, Inc. 10 48 20.8 Temporary Help 140 Manpower Inc. 2 10 20.0 Hotels, Casinos, Resorts 449 MGM Mirage 3 16 18.8 Diversified Outsourcing Svcs. 488 ServiceMaster 4 23 17.4 Healthcare Medical Facilities 80 HCA Inc. 4 23 17.4 Miscellaneous 105 3M 4 26 15.4 Healthcare Pharmacy and 73 Caremark Rx, Inc. 2 13 15.4 Other Services Healthcare Pharmacy and 48 Medco Health Solutions, Inc. 2 14 14.3 Other Services Diversified Outsourcing Svcs. 219 Aramark Corporation 2 14 14.3
76 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 6: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY SIC INDUSTRY WITH FORTUNE 500 INDUSTRY
SIC Industry Fortune 500 Rank Company Number Number Percentage Industry Women Total Women Corporate Corporate Corporate Officers Officers Officers SERVICES Hotels, Casinos, Resorts 396 Harrah's Entertainment, Inc. 2 17 11.8 Computer And Data Services 95 Electronic Data Systems 1 9 11.1 Computer And Data Services 277 Automatic Data Processing, Inc. 3 29 10.3 Healthcare Medical Facilities 499 Kindred Healthcare, Inc. 1 10 10.0 Miscellaneous 454 H&R Block, Inc. 1 10 10.0 Advertising, Marketing 230 Omnicom Group Inc. 1 10 10.0 Miscellaneous 107 Cendant Corporation 3 35 8.6 Healthcare Pharmacy and 137 Express Scripts, Inc. 1 13 7.7 Other Services Advertising, marketing 332 Interpublic Group of Co., Inc. 1 15 6.7 Healthcare Pharmacy and 459 Omnicare, Inc. 1 20 5.0 Other Services Hotels, Casinos, Resorts 440 Starwood Hotels & Resorts 1 21 4.8 Worldwide, Inc. Computer And Data Services 142 Computer Sciences Corporation 0 8 0.0 Computer And Data Services 276 Science Applications Intl. Corp. 0 14 0.0 Hotels, Casinos, Resorts 401 Caesars Entertainment 0 11 0.0 Healthcare Medical Facilities 169 Tenet Healthcare Corporation 0 4 0.0 Total 120 621 19.3
TRANSPORTATION AND Utilities: Gas and Electric 187 Edison International 6 14 42.9 UTILITIES Telecommunications 90 MCI, Inc. 6 15 40.0 Airlines 295 US Airways Group, Inc. † 8 23 34.8 Airlines 318 Southwest Airlines Co. 10 29 34.5 Utilities: Gas and Electric 256 Xcel Energy Inc. 4 12 33.3 Utilities: Gas and Electric 288 Pepco Holdings, Inc. 7 22 31.8 Entertainment 239 Clear Channel Comm., Inc. 8 26 30.8 Telecommunications 14 Verizon Communications Inc. 4 13 30.8 Telecommunications 322 Cox Communications, Inc. 13 44 29.6 Trucking, Truck Leasing 381 Ryder System, Inc. 4 14 28.6 Utilities: Gas and Electric 310 Northeast Utilities 3 11 27.3 Utilities: Gas and Electric 151 Dominion Resources, Inc. 5 19 26.3 Utilities: Gas and Electric 213 FPL Group, Inc. 3 12 25.0 Utilities: Gas and Electric 400 Energy East Corporation 4 16 25.0 Utilities: Gas and Electric 163 FirstEnergy Corp. 3 12 25.0 Utilities: Gas and Electric 180 Southern Company 4 16 25.0 Airlines 129 UAL Corporation 2 8 25.0 Aerospace and Defense 408 Goodrich Corporation 3 13 23.1 Pipelines 271 Kinder Morgan Energy Partners, 3 13 23.1 L.P. Energy 250 Reliant Energy, Inc. 3 13 23.1 Railroads 200 Burlington Northern Santa Fe 4 18 22.2 Corp. Utilities: Gas and Electric 145 Exelon Corporation 2 9 22.2 Transportation and Logistics 419 Laidlaw International, Inc. 1 5 20.0 Pipelines 314 El Paso Corporation 1 5 20.0 Energy 167 Constellation Energy Group, Inc. 2 10 20.0
† See addendum notes on page 89. 77 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 6: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY SIC INDUSTRY WITH FORTUNE 500 INDUSTRY
SIC Industry Fortune 500 Rank Company Number Number Percentage Industry Women Total Women Corporate Corporate Corporate Officers Officers Officers TRANSPORTATION AND Utilities: Gas and Electric 196 PG&E Corporation 3 15 20.0 UTILTIIES Aerospace and Defense 47 Lockheed Martin Corporation 7 36 19.4 Utilities: Gas and Electric 356 CMS Energy Corporation 5 26 19.2 Airlines 119 AMR Corporation 9 47 19.2 Aerospace and Defense 216 Textron Inc. 4 21 19.1 Utilities: Gas and Electric 302 Keyspan Corporation 4 21 19.1 Utilities: Gas and Electric 228 Consolidated Edison, Inc. 8 42 19.1 Energy 148 American Electric Power Company 4 21 19.1 Entertainment 69 Viacom Inc. 3 16 18.8 Utilities: Gas and Electric 471 Wisconsin Energy Corporation 3 16 18.8 Railroads 174 Union Pacific Corporation 3 16 18.8 Airlines 138 Delta Air Lines, Inc. 8 43 18.6 Utilities: Gas and Electric 478 SCANA Corporation 2 11 18.2 Aerospace and Defense 58 Northrop Grumman Corporation 3 17 17.7 Transportation and Logistics 442 C. H. Robinson Worldwide, Inc. 3 17 17.7 Airlines 232 Continental Airlines, Inc. 3 17 17.7 Telecommunications 87 BellSouth Corporation 7 40 17.5 Energy 242 Calpine Corporation 4 25 16.0 Aerospace and Defense 75 Honeywell International Inc. 3 19 15.8 Utilities: Gas and Electric 397 OGE Energy Corp 2 13 15.4 Utilities: Gas and Electric 311 NiSource Inc. 2 13 15.4 Energy 393 WPS Resources Corp. 3 20 15.0 Telecommunications 67 Sprint Corporation 4 27 14.8 Telecommunications 102 Comcast Corporation 5 35 14.3 Aerospace and Defense 25 The Boeing Company 2 14 14.3 Telecommunications 154 Qwest Comm. International Inc. 1 7 14.3 Energy 327 Dynegy Inc. 1 7 14.3 Transportation and Logistics 339 CNF Inc. 2 14 14.3 Railroads 286 Norfolk Southern Corporation 5 36 13.9 Waste Management 168 Waste Management, Inc. 3 22 13.6 Utilities: Gas and Electric 226 AES Corporation 6 44 13.6 Energy 424 Mirant Corporation 2 15 13.3 Railroads 269 CSX 2 15 13.3 Utilities: Gas and Electric 412 Cinergy Corp. 3 23 13.0 Utilities: Gas and Electric 221 Entergy Corporation 2 16 12.5 Energy 195 TXU Corp. 6 48 12.5 Utilities: Gas and Electric 199 Public Service Enterprise Group, 1 8 12.5 Inc. Entertainment 32 Time Warner Inc. 2 17 11.8 Aerospace and Defense 305 L-3 Communications Holdings, Inc. 4 34 11.8 Telecommunications 490 Telephone and Data Systems, Inc. 2 17 11.8 Utilities: Gas and Electric 296 DTE Energy Company 1 9 11.1 Pipelines 260 Enterprise Products Partners, L.P. 4 37 10.8 Energy 336 Oneok, Inc. 3 28 10.7 Aerospace and Defense 103 Raytheon Company 2 20 10.0 Telecommunications 56 AT&T Corp. 1 10 10.0 Telecommunications 265 ALLTEL Corporation 1 10 10.0
78 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 6: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY SIC INDUSTRY WITH FORTUNE 500 INDUSTRY
SIC Industry Fortune 500 Rank Company Number Number Percentage Industry Women Total Women Corporate Corporate Corporate Officers Officers Officers TRANSPORTATION AND Utilities: Gas and Electric 235 Sempra Energy 2 21 9.5 UTILITIES Telecommunications 157 Nextel Communications, Inc. 2 21 9.5 Entertainment 54 The Walt Disney Company 2 21 9.5 Energy 484 UGI Corporation 1 11 9.1 Telecommunications 33 SBC Communications Inc. 1 11 9.1 Mail, Package, Freight Delivery 42 United Parcel Service, Inc. 1 11 9.1 Energy 86 Duke Energy 1 12 8.3 Entertainment 98 News Corporation 1 12 8.3 Pipelines 448 Enbridge Energy Partners, L.P. 1 13 7.7 Telecommunications 394 Cablevision Systems Corporation 1 14 7.1 Aerospace and Defense 115 General Dynamics Corporation 2 30 6.7 Utilities: Gas and Electric 209 CenterPoint Energy, Inc. 1 15 6.7 Aerospace and Defense 39 United Technologies Corporation 1 16 6.3 Utilities: Gas and Electric 380 Ameren Corporation 2 33 6.1 Pipelines 96 Plains All American Pipeline, L.P. 1 17 5.9 Telecommunications 446 NTL 1 17 5.9 Telecommunications 491 Level 3 Communications, Inc. 1 19 5.3 Waste Management 362 Allied Waste Industries 1 26 3.9 Utilities: Gas and Electric 344 PPL Corporation 1 26 3.9 Telecommunications 390 Charter Communications, Inc. 0 8 0.0 Mail, Package, Freight Delivery 78 FedEx Corporation 0 17 0.0 Mail, Package, Freight Delivery 409 Brink's Company 0 5 0.0 Trucking, Truck Leasing 307 Yellow Roadway Corporation 0 15 0.0 Pipelines 193 TransMontaigne Inc. 0 12 0.0 Entertainment 254 Liberty Media Corporation 0 10 0.0 Telecommunications 179 DirecTV Group, Inc. 0 7 0.0 Energy 165 Williams Companies, Inc. 0 8 0.0 Airlines 190 Northwest Airlines Corporation 0 7 0.0 Telecommunications 291 Echostar Comm. Corp. 0 11 0.0 Utilities: Gas and Electric 229 Progress Energy, Inc. 0 12 0.0 Total 295 1,875 15.7
WHOLESALE TRADE Wholesalers: Electronics and 347 CDW Corporation 7 18 38.9 Office Eqpt. Beverages 92 Coca-Cola Company 15 44 34.1 Computers, Office Equipment 11 Hewlett-Packard Company 4 12 33.3 Wholesalers: Electronics and 415 Ikon Office Solutions, Inc. 4 12 33.3 Office Eqpt. Tobacco 321 Reynolds American Inc. 7 23 30.4 Wholesalers: Food and Grocery 403 Roundy's, Inc. 4 14 28.6 Wholesalers: Healthcare 427 Owens & Minor, Inc. 3 11 27.3 Computers, Office Equipment 392 Pitney Bowes Inc. 4 15 26.7 Wholesalers: Food and Grocery 476 Nash Finch Company 6 23 26.1 Computers, Office Equipment 132 Xerox Corporation 8 32 25.0 Beverages 202 The Pepsi Bottling Group, Inc. 3 12 25.0 Wholesalers: Electronics and 207 Arrow Electronics, Inc. 3 13 23.1 Office Eqpt.
† See addendum notes on page 89. 79 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 6: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY SIC INDUSTRY WITH FORTUNE 500 INDUSTRY
SIC Industry Fortune 500 Rank Company Number Number Percentage Industry Women Total Women Corporate Corporate Corporate Officers Officers Officers WHOLESALE TRADE Wholesalers: Healthcare 15 McKesson Corporation 2 9 22.2 Wholesalers: Food and Grocery 104 Supervalu Inc. 5 23 21.7 Beverages 123 Coca-Cola Enterprises, Inc. 6 29 20.7 Computers, Office Equipment 10 Intl. Business Machines Corp. 9 47 19.2 Beverages 139 Anheuser-Busch Companies, Inc. 6 35 17.1 Wholesalers: Diversified 385 W.W. Grainger, Inc. 2 12 16.7 Electronics, Electrical Eqpt. 410 Maytag Corporation 3 19 15.8 Beverages 447 Molson Coors Brewing Company 2 13 15.4 Wholesalers: Healthcare 23 AmerisourceBergen Corp. 2 14 14.3 Wholesalers: Healthcare 16 Cardinal Health, Inc. 2 14 14.3 Wholesalers: Food and Grocery 60 Sysco Corporation 7 50 14.0 Wholesalers: Electronics and 468 United Stationers Inc. 2 15 13.3 Office Eqpt. Tobacco 17 Altria Group, Inc. 2 15 13.3 Wholesalers: Food and Grocery 328 Performance Food Group Company 1 8 12.5 Electronics, Electrical Eqpt. 429 Rockwell Automation Inc. 2 17 11.8 Computers, Office Equipment 194 Sun Microsystems, Inc. 2 19 10.5 Computers, Office Equipment 263 Apple Computer, Inc. 1 10 10.0 Computers, Office Equipment 337 NCR Corporation 1 10 10.0 Wholesalers: Diversified 245 Genuine Parts Company 1 11 9.1 Wholesalers: Electronics and 76 Ingram Micro, Inc. 1 13 7.7 Office Eqpt. Electronics, Electrical Eqpt. 134 Emerson Electric Co. 4 59 6.8 Wholesalers: Electronics and 110 Tech Data Corporation 1 19 5.3 Office Eqpt. Wholesalers: Electronics and 462 Graybar Electric Company, Inc. 1 21 4.8 Office Eqpt. Wholesalers: Diversified 489 Wesco International, Inc. 0 8 0.0 Computers, Office Equipment 495 Gateway 0 12 0.0 Wholesalers: Healthcare 465 Henry Schein Inc. 0 9 0.0 Wholesalers: Diversified 351 World Fuel Services Corporation 0 6 0.0 Electronics, Electrical Eqpt. 345 SPX Corporation 0 6 0.0 Electronics, Electrical Eqpt. 160 Whirlpool Corporation 0 10 0.0 Wholesalers: Food and Grocery 198 CHS Inc. 0 7 0.0 Wholesalers: Diversified 437 Hughes Supply, Inc. 0 11 0.0 Wholesalers: Electronics and 217 Avnet, Inc. 0 22 0.0 Office Eqpt. Computers, Office Equipment 28 Dell Inc. 0 15 0.0 Wholesalers: Diversified 414 Fisher Scientific International Inc. 0 5 0.0 Total 133 822 16.2
80 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 7: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY STATE WITH COMPANY
ALABAMA (0/31) 0% Northrop Grumman Corporation (3/17) DELAWARE (16/88) 18.2% Regions Financial Corporation (0/23) Occidental Petroleum Corporation (0/17) E.I. du Pont de Nemours (12/67) Saks, Incorporated (0/8) Oracle Corporation (3/18) MBNA Corporation (4/21) Pacific LifeCorp (2/28) † ARIZONA (1/57) 1.8% PacifiCare Health Systems Inc. (3/10) DISTRICT OF COLUMBIA (7/58) 12.1% Allied Waste Industries (1/26) PG&E Corporation (3/15) Danaher (0/36) Avnet, Inc. (0/22) Qualcomm, Inc. (2/15) Pepco Holdings, Inc. (7/22) Phelps Dodge Corporation (0/9) Ross Stores, Inc. (7/19) Ryland Group, Inc. (5/19) FLORIDA (27/208) 13.0% ARKANSAS (10/95) 10.5% Safeway Inc. (2/25) Autonation, Inc. (0/10) ALLTEL Corporation (1/10) Sanmina-SCI Corporation (1/10) CSX (2/15) Dillard's Inc. (4/28) Science Applications International Darden Restaurants, Inc. (4/15) Murphy Oil Corporation (0/11) Corporation (0/14) Fidelity National Financial, Inc. (0/10) Tyson Foods, Inc. (2/23) Sempra Energy (2/21) FPL Group, Inc. (3/12) Wal-Mart Stores, Inc. (3/23) Solectron Corporation (0/9) Hughes Supply, Inc. (0/11) Stater Bros. Holdings Inc. (2/14) Jabil Circuit, Inc. (1/29) CALIFORNIA (209/1139) 18.3% Sun Microsystems, Inc. (2/19) Lennar Corporation (1/10) Advanced Micro Devices, Inc. (0/8) Unocal Corporation (0/7) Office Depot, Inc. (5/17) Agilent Technologies Inc. (3/15) The Walt Disney Company (2/21) Publix Super Markets, Inc. (4/29) Amgen, Inc (0/14) Wells Fargo & Company (3/18) Ryder System, Inc. (4/14) Apple Computer, Inc. (1/10) Tech Data Corporation (1/19) Applied Materials, Inc. (3/28) COLORADO (14/159) 8.8% Winn-Dixie Stores, Inc. (2/11) Avery Dennison Corporation (5/52) Ball Corporation (0/16) World Fuel Services Corporation (0/6) Calpine Corporation (4/25) Echostar Communications Corporation The Charles Schwab Corporation (4/14) (0/11) GEORGIA (72/393) 18.3% ChevronTexaco Corporation (4/20) † First Data Corporation (3/10) AFLAC Incorporated (7/31) Cisco Systems, Inc. (1/10) Level 3 Communications, Inc. (1/19) AGCO Corporation (0/11) The Clorox Company (13/58) Liberty Media Corporation (0/10) Beazer Homes USA, Inc. (0/8) CNF Inc. (2/14) M.D.C. Holdings, Inc. (5/18) BellSouth Corporation (7/40) Computer Sciences Corporation (0/8) Molson Coors Brewing Company (2/13) The Coca-Cola Company (15/44) Countrywide Financial Corporation (2/15) Newmont Mining Corporation (2/43) Coca-Cola Enterprises, Inc. (6/29) DirecTV Group, Inc. (0/7) Qwest Communications International Inc. Cox Communications, Inc. (13/44) Dole Food Company, Inc. (4/10) (1/7) Delta Air Lines, Inc. (8/43) Edison International (6/14) TransMontaigne Inc. (0/12) Genuine Parts Company (1/11) The First American Corporation (5/26) Georgia-Pacific Corporation (4/36) Fluor (1/17) CONNECTICUT (59/354) 16.7% The Home Depot, Inc. (3/14) The Gap, Inc. (24/52) Aetna Inc. (11/44) Mirant Corporation (2/15) Gateway (0/12) Emcor Group, Inc. (2/16) Mohawk Industries, Inc. (0/8) Golden West Financial Corporation (1/7) General Electric Company (6/39) Newell Rubbermaid Inc. (0/11) Health Net, Inc. (1/11) Hartford Financial Services Group Inc. (3/17) Southern Company (4/16) Hewlett-Packard Company (4/12) International Paper Company (9/62) SunTrust Banks, Inc. (1/21) Ingram Micro, Inc. (1/13) MeadWestvaco Corporation (3/23) United Parcel Service, Inc. (1/11) Intel Corporation (5/34) Northeast Utilities (3/11) Jacobs Engineering Group Inc. (1/25) Pitney Bowes Inc. (4/15) IDAHO (4/27) 14.8% KB Home (7/30) Praxair, Inc. (2/23) Albertson's (2/11) Levi Strauss & Co. (2/14) Premcor Inc. (0/7) Micron Technology, Inc. (2/16) Longs Drug Stores Corporation (6/42) Terex Corporation (3/19) Mattel, Inc. (54/190) United Technologies Corporation (1/16) ILLINOIS (127/794) 16.0% Maxtor Corporation (1/7) W.R. Berkley Corporation (4/30) Abbott Laboratories (1/13) McKesson Corporation (2/9) Xerox Corporation (8/32) The Allstate Corporation (2/12)
† See addendum notes on page 89. 81 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 7: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY STATE WITH COMPANY
Aon Corporation (1/19) Kindred Healthcare, Inc. (1/10) Whirlpool Corporation (0/10) Archer-Daniels-Midland Company (2/33) Lexmark International, Inc. (1/10) Baxter International (3/12) Omnicare, Inc. (1/20) MINNESOTA (55/316) 17.4% The Boeing Company (2/14) Yum! Brands, Inc. (1/18) 3M (4/26) Brunswick Corporation (6/20) Best Buy Co. Inc. (2/15) Caterpillar, Inc. (3/41) LOUISIANA (2/16) 12.5% C. H. Robinson Worldwide, Inc. (3/17) CDW Corporation (7/18) Entergy Corporation (2/16) CHS Inc. (0/7) Deere & Company (3/41) Ecolab Inc. (2/17) Exelon Corporation (2/9) MARYLAND (24/130) 18.5% General Mills, Inc. (5/23) Fortune Brands, Inc. (1/13) The Black & Decker Corporation (2/15) Hormel Foods Corporation (2/31) Illinois Tool Works, Inc. (0/15) Constellation Energy Group, Inc. (2/10) Land O'Lakes, Inc. (1/9) Laidlaw International, Inc. (1/5) Coventry Health Care Inc. (1/10) Medtronic, Inc. (2/16) McDonald's Corporation (3/19) Host Marriott Corporation (2/11) Nash Finch Company (6/23) Motorola, Inc. (23/125) Lockheed Martin Corporation (7/36) Northwest Airlines Corporation (0/7) Navistar International Corporation (2/12) † Marriott International, Inc. (10/48) The St. Paul Travelers Companies, Inc. (2/20) OfficeMax Incorporated (3/26) Supervalu Inc. (5/23) R.R. Donnelley & Sons Company (15/64) MASSACHUSETTS (64/353) 18.1% Target Corporation (8/28) Sara Lee Corporation (9/38) BJ's Wholesale Club, Inc. (15/64) Thrivent Financial for Lutherans (5/15) Sears, Roebuck and Company (13/36) † Boston Scientific Corporation (2/22) U.S. Bancorp (2/13) ServiceMaster (4/23) EMC Corporation (2/21) UnitedHealth Group, Incorporated (2/14) Smurfit-Stone Container Corporation (0/17) Gillette Company (2/17) Xcel Energy Inc. (4/12) State Farm Insurance Cos. (3/18) Liberty Mutual Insurance Group (1/15) Telephone and Data Systems, Inc. (2/17) Massachusetts Mutual Life Ins. Co. (11/54) MISSOURI (19/250) 7.6% Tenneco Automotive Inc. (1/20) Raytheon Company (2/20) Ameren Corporation (2/33) Tribune Company (5/25) Reebok International Ltd. (1/9) Anheuser-Busch Companies, Inc. (6/35) UAL Corporation (2/8) Staples, Inc. (6/45) Charter Communications, Inc. (0/8) United Stationers Inc. (2/15) State Street Corporation (5/32) Emerson Electric Co. (4/59) USG Corporation (2/14) The TJX Companies, Inc. (17/54) Express Scripts, Inc. (1/13) W.W. Grainger, Inc. (2/12) Graybar Electric Company, Inc. (1/21) Walgreen Co. (2/20) MICHIGAN (84/473) 17.8% H&R Block, Inc. (1/10) Wm. Wrigley Jr. Company (0/20) ArvinMeritor, Inc. (2/12) Leggett & Platt, Incorporated (1/32) Auto-Owners Insurance Group (0/4) The May Department Stores Company INDIANA (24/122) 19.7% Borders Group, Inc. (0/7) (0/13) Conseco, Inc. (3/13) CMS Energy Corporation (5/26) Monsanto Company (2/13) Cummins (7/39) Collins & Aikman Corporation (1/20) Peabody Energy Corporation (1/13) Eli Lilly and Company (4/26) Delphi Corporation (4/25) Guidant Corporation (4/16) The Dow Chemical Company (0/20) NEBRASKA (12/81) 14.8% NiSource Inc. (2/13) DTE Energy Company (1/9) Berkshire Hathaway Inc. (2/8) WellPoint, Inc. (4/15) Federal-Mogul Corporation (1/18) ConAgra Foods, Incorporated (5/48) Ford Motor Company (7/52) Mutual of Omaha Insurance Companies IOWA (10/42) 23.8% General Motors Corporation (4/35) (2/9) Maytag Corporation (3/19) Kellogg Company (5/25) † Union Pacific Corporation (3/16) Principal Financial Group, Inc. (7/23) Kelly Services, Inc. (42/98) Kmart Holding Corporation (3/15) † NEVADA (5/44) 11.4% KANSAS (4/42) 9.5% Lear Corporation (1/9) Caesars Entertainment (0/11) Sprint Corporation (4/27) Masco Corporation (3/33) Harrah's Entertainment, Inc. (2/17) Yellow Roadway Corporation (0/15) Pulte Homes, Inc. (1/5) MGM Mirage (3/16) Stryker Corporation (0/18) KENTUCKY (11/88) 12.5% TRW Automotive Holdings Corp. (0/6) NEW HAMPSHIRE (0/5) 0% Ashland Inc. (5/18) United Auto Group, Inc. (1/10) Fisher Scientific International Inc. (0/5) Humana Inc. (2/12) Visteon Corporation (3/16)
82 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 7: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY STATE WITH COMPANY
NEW JERSEY (75/419) 17.9% Guardian Life Ins. Co. of America (1/15) OHIO (95/656) 14.5% American Standard Companies, Inc. (1/10) Henry Schein Inc. (0/9) AK Steel Holding Corporation (1/12) AT&T Corp. (1/10) IAC/INTERACTIVECORP (2/24) American Electric Power Company (4/21) Automatic Data Processing, Inc. (3/29) International Business Machines Corp. American Financial Group, Inc. (5/16) Avaya Inc. (2/10) (9/47) Big Lots, Inc. (10/48) Becton, Dickinson and Company (3/20) Interpublic Group of Companies, Inc. (1/15) Cardinal Health, Inc. (2/14) Bed Bath & Beyond, Inc. (10/43) ITT Industries, Inc. (3/16) Cincinnati Financial Corporation (0/5) Campbell Soup Co. (4/17) J.P. Morgan Chase & Co. (4/45) Cinergy Corp. (3/23) Chubb Corporation (3/24) Keyspan Corporation (4/21) Cooper Tire & Rubber Company (3/15) CIT Group, Inc. (0/7) L-3 Communications Holdings, Inc. (4/34) Dana Corporation (0/9) Engelhard Corporation (0/16) Lehman Brothers Holdings, Inc. (1/28) Eaton Corporation (3/17) Honeywell International Inc. (3/19) Liz Claiborne, Inc. (27/51) Federated Department Stores, Inc. (6/18) Hovnanian Enterprises, Inc. (5/17) Loews Corporation (3/18) Fifth Third Bancorp (2/37) Johnson & Johnson (6/21) Marsh & McLennan Companies, Inc. (2/15) FirstEnergy Corp. (3/12) Lucent Technologies Inc. (5/21) The McGraw-Hill Companies, Inc. (1/10) The Goodyear Tire & Rubber Company Medco Health Solutions, Inc. (2/14) Merrill Lynch & Co., Inc. (7/26) (2/24) Merck & Co., Inc. (6/15) MetLife, Inc. (2/9) International Steel Group, Inc. (1/18) † Pathmark Stores, Inc. (3/34) Morgan Stanley (3/21) KeyCorp (5/33) Prudential Financial, Inc. (2/9) New York Life Insurance Company (53/210) The Kroger Company (4/20) Public Service Enterprise Group, Inc. (1/8) News Corporation (1/12) Limited Brands, Inc. (2/6) Quest Diagnostics Incorporated (4/14) NTL (1/17) National City Corporation (6/48) Schering-Plough Corporation (3/16) Omnicom Group Inc. (1/10) Nationwide Mutual Insurance Co. (4/13) Sealed Air Corporation (4/17) The Pepsi Bottling Group, Inc. (3/12) NCR Corporation (1/10) Toys 'R' Us, Inc. (1/7) PepsiCo, Inc. (4/15) Owens Corning (1/11) Wyeth (3/21) Pfizer Inc (4/19) Owens-Illinois (0/16) Starwood Hotels & Resorts Worldwide, Inc. Parker-Hannifin Corporation (3/19) NEW YORK (265/1449) 18.3% (1/21) The Procter & Gamble Company (4/46) Altria Group, Inc. (2/15) Teachers Insurance and Annuity Association The Progressive Corporation (0/6) Amerada Hess Corporation (0/27) College (4/12) The Sherwin-Williams Company (1/22) American Express Company (2/12) Time Warner Inc. (2/17) Timken Company (5/38) American International Group, Inc. (2/25) Verizon Communications Inc. (4/13) Wendy's International, Inc. (8/47) Arrow Electronics, Inc (3/13) Viacom Inc. (3/16) The Western & Southern Mutual Holding Asbury Automotive Group, Inc. (1/14) WellChoice, Inc. (19/52) Co. (6/32) † Assurant, Inc. (3/17) Avon Products, Inc. (5/14) NORTH CAROLINA (29/252) 11.5% OKLAHOMA (10/86) 11.6% The Bank of New York Company, Inc. (4/44) Bank of America Corporation (2/9) Devon Energy Corporation (3/23) Barnes & Noble Inc. (3/13) BB&T Corporation (1/10) Kerr-McGee Corporation (2/14) The Bear Stearns Companies, Inc. (0/10) Duke Energy (1/12) OGE Energy Corp (2/13) Bristol-Myers Squibb Company (2/13) Family Dollar Stores, Inc. (5/38) Oneok, Inc. (3/28) Cablevision Systems Corporation (1/14) Goodrich Corporation (3/13) Williams Companies, Inc. (0/8) Cendant Corporation (3/35) Jefferson-Pilot Corporation (1/17) Citigroup, Inc. (19/94) Lowe's Companies, Inc. (2/23) OREGON (2/20) 10.0% Colgate-Palmolive Company (2/20) Nucor Corporation (1/47) Nike, Inc. (2/20) Consolidated Edison, Inc. (8/42) Progress Energy, Inc. (0/12) Corning Inc. (4/36) Reynolds American Inc. (7/23) PENNSYLVANIA (77/492) 15.7% Dover Corporation (0/12) Sonic Automotive, Inc. (0/5) Air Products & Chemicals, Inc. (1/7) Eastman Kodak Company (8/49) SPX Corporation (0/6) Alcoa, Inc. (12/40) Energy East Corporation (4/16) V.F. Corporation (3/18) AmerisourceBergen Corp. (2/14) The Estee Lauder Companies Inc. (3/14) Wachovia Corporation (3/19) Aramark Corporation (2/14) Foot Locker, Inc. (3/21) CIGNA Corporation (3/12) The Goldman Sachs Group, Inc. (9/49) Comcast Corporation (5/35)
† See addendum notes on page 89. 83 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 7: NUMBER AND PERCENTAGE OF WOMEN CORPORATE OFFICERS, BY STATE WITH COMPANY
Crown Holdings, Inc. (1/15) Commercial Metals Company (1/7) Gannett Co., Inc. (8/32) Erie Insurance Group (2/21) ConocoPhillips (4/40) General Dynamics Corporation (2/30) H.J. Heinz Company (4/27) Continental Airlines, Inc. (3/17) MCI, Inc. (6/15) Hershey Foods Corporation (1/12) † D.R. Horton, Inc. (1/8) Nextel Communications, Inc. (2/21) Ikon Office Solutions, Inc. (4/12) Dean Foods Company (2/11) Norfolk Southern Corporation (5/36) Jones Apparel Group, Inc. (2/7) Dell Inc. (0/15) NVR, Inc. (0/4) Lincoln National Corporation (4/18) Dynegy Inc. (1/7) Owens & Minor, Inc. (3/11) Mellon Financial Corp. (5/46) El Paso Corporation (1/5) Performance Food Group Company (1/8) PNC Financial Services Group Inc. (3/12) Electronic Data Systems (1/9) SLM Corporation (6/26) PPG Industries, Inc. (5/29) Enbridge Energy Partners, L.P. (1/13) Smithfield Foods, Inc. (1/21) PPL Corporation (1/26) Enterprise Products Partners, L.P. (4/37) US Airways Group, Inc. (8/23) † Rite Aid Corporation (4/23) Exxon Mobil Corporation (2/27) Rohm and Haas Company (1/7) Group 1 Automotive, Inc. (0/11) WASHINGTON (48/272) 17.6% Sunoco, Inc. (1/14) Halliburton Company (2/11) Amazon.Com Inc. (1/11) Toll Brothers, Inc. (0/20) J.C. Penney Company, Inc. (40/138) Costco Wholesale Corporation (16/113) UGI Corporation (1/11) Kimberly-Clark Corporation (3/12) Microsoft Corporation (1/16) Unisys Corporation (5/16) Kinder Morgan Energy Partners, L.P. (3/13) Nordstrom, Inc. (8/28) United States Steel Corporation (1/16) Lyondell Chemical Company (2/17) Paccar Inc. (3/19) Universal Health Services, Inc. (4/15) Marathon Oil Corporation (2/15) Safeco Corporation (3/14) Wesco International, Inc. (0/8) Pilgrim's Pride Corporation (2/15) Starbucks Corporation (11/38) York International Corporation (3/15) Plains All American Pipeline, L.P. (1/17) Washington Mutual, Inc. (2/13) RadioShack Corporation (1/13) Weyerhaeuser Company (3/20) RHODE ISLAND (5/32) 15.6% Reliant Energy, Inc. (3/13) CVS Corporation (1/11) SBC Communications Inc. (1/11) WISCONSIN (40/210) 19.0% Textron Inc. (4/21) Smith International, Inc. (2/10) American Family Ins. Group (3/30) Southwest Airlines Co. (10/29) Harley-Davidson, Inc. (9/36) SOUTH CAROLINA (2/11) 18.2% Sysco Corporation (7/50) Johnson Controls, Inc. (3/19) SCANA Corporation (2/11) Temple-Inland Inc. (2/18) Kohl's Corporation (2/13) Tenet Healthcare Corporation (0/4) Manpower Inc. (2/10) TENNESSEE (18/129) 14.0% Tesoro Corporation (1/14) The Northwestern Mutual Life Insurance Co. AutoZone, Inc. (6/41) Texas Instruments Incorporated (2/14) (9/35) Caremark Rx, Inc. (2/13) Triad Hospitals, Inc. (9/40) Rockwell Automation Inc. (2/17) Dollar General Corporation (2/11) TXU Corp. (6/48) Roundy's, Inc. (4/14) Eastman Chemical (1/8) United Services Automobile Association Wisconsin Energy Corporation (3/16) FedEx Corporation (0/17) (5/14) WPS Resources Corp. (3/20) HCA Inc. (4/23) Valero Energy Corporation (3/18) UnumProvident Corporation (3/16) Waste Management, Inc. (3/22) Whole Foods Market, Inc. (7/26) TEXAS (192/1081) 17.8% Affiliated Computer Services, Inc. (4/15) UTAH (0/10) 0% AMR Corporation (9/47) Autoliv, Inc. (0/10) Anadarko Petroleum Corp. (2/14) Apache Corporation (3/22) VIRGINIA (65/389) 16.7% Baker Hughes Incorporated (1/19) Advance Auto Parts, Inc. (1/18) Brinker International, Inc. (20/73) AES Corporation (6/44) Burlington Northern Santa Fe Corp. (4/18) Brink's Company (0/5) Burlington Resources Inc. (1/20) Capital One Financial Corporation (1/9) CenterPoint Energy, Inc. (1/15) CarMax, Inc. (9/52) Centex Corporation (1/23) Circuit City Stores, Inc. (1/15) Clear Channel Communications, Inc. (8/26) Dominion Resources, Inc. (5/19)
84 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 8: STATES, RANKED BY PERCENTAGE OF WOMEN CORPORATE OFFICERS
State Number F500 Total Number Total Number Percentage Companies Women Corporate Corporate Officers Women Corporate Officers Officers IA 2 10 42 23.8 IN 6 24 122 19.7 WI 10 40 210 19.0 MD 6 24 130 18.5 CA 52 209 1,139 18.3 GA 17 72 393 18.3 NY 54 265 1,449 18.3 DE 2 16 88 18.2 SC 1 2 11 18.2 MA 11 64 353 18.1 NJ 24 75 419 17.9 MI 22 84 473 17.8 TX 48 192 1,081 17.8 WA 9 48 272 17.6 MN 18 55 316 17.4 CT 14 59 354 16.7 VA 18 65 389 16.7 IL 33 127 794 16.0 PA 27 77 492 15.7 RI 2 5 32 15.6 ID 2 4 27 14.8 NE 4 12 81 14.8 OH 30 95 656 14.5 TN 7 18 129 14.0 FL 14 27 208 13.0 KY 6 11 88 12.5 LA 1 2 16 12.5 DC 2 7 58 12.1 OK 5 10 86 11.6 NC 14 29 252 11.5 NV 3 5 44 11.4 AR 5 10 95 10.5 OR 1 2 20 10.0 KS 2 4 42 9.5 CO 10 14 159 8.8 MO 11 19 250 7.6 AZ 3 1 57 1.8 AL 2 0 31 0.0 NH 1 0 5 0.0 UT 1 0 10 0.0
† See addendum notes on page 89. 85 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 9: FORTUNE 500 COMPANIES WITH AT LEAST ONE TOP-EARNING WOMAN CORPORATE OFFICER: 122
Company Number of Women Top Earners
ALBERTSON'S 1 AMERICAN ELECTRIC POWER COMPANY 2 APPLIED MATERIALS, INC. 1 ARAMARK CORPORATION 1 ARROW ELECTRONICS, INC 1 ASBURY AUTOMOTIVE GROUP, INC. 1 ASSURANT, INC. 1 AVON PRODUCTS, INC. 2 BANK OF AMERICA CORPORATION 2 BARNES & NOBLE INC. 1 BJ'S WHOLESALE CLUB, INC. 1 THE BOEING COMPANY 1 BRUNSWICK CORPORATION 2 CALPINE CORPORATION 1 CAMPBELL SOUP CO. 1 CAPITAL ONE FINANCIAL CORPORATION 1 CDW CORPORATION 1 THE CHARLES SCHWAB CORPORATION 1 CHEVRONTEXACO CORPORATION † 1 CIGNA CORPORATION 1 CIRCUIT CITY STORES, INC. 1 THE CLOROX COMPANY 1 THE COCA-COLA COMPANY 1 COCA-COLA ENTERPRISES, INC. 1 COLGATE-PALMOLIVE COMPANY 1 CONSTELLATION ENERGY GROUP, INC. 1 CUMMINS 1 D.R. HORTON, INC. 1 DARDEN RESTAURANTS, INC. 1 DEAN FOODS COMPANY 1 DEVON ENERGY CORPORATION 1 DILLARD'S INC. 1 DOLLAR GENERAL CORPORATION 2 DUKE ENERGY 1 EASTMAN CHEMICAL 1 EDISON INTERNATIONAL 1 EL PASO CORPORATION 1 EXELON CORPORATION 1 FEDERATED DEPARTMENT STORES, INC. 2 FIRST DATA CORPORATION 2 FIRSTENERGY CORP. 1 THE GAP, INC. 2 GOLDEN WEST FINANCIAL CORPORATION 1 THE GOLDMAN SACHS GROUP, INC. 1 HARLEY-DAVIDSON, INC. 2 HEWLETT-PACKARD COMPANY 1 THE HOME DEPOT, INC. 1 HOVNANIAN ENTERPRISES, INC. 1
86 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 9: FORTUNE 500 COMPANIES WITH AT LEAST ONE TOP-EARNING WOMAN CORPORATE OFFICER: 122
Company Number of Women Top Earners
IKON OFFICE SOLUTIONS, INC. 1 INTERNATIONAL PAPER COMPANY 1 JEFFERSON-PILOT CORPORATION 1 JOHNSON & JOHNSON 1 JONES APPAREL GROUP, INC. 1 KINDER MORGAN ENERGY PARTNERS, L.P. 1 KMART HOLDING CORPORATION † 1 KOHL'S CORPORATION 1 LAIDLAW INTERNATIONAL, INC. 1 LAND O'LAKES, INC. 1 LIMITED BRANDS, INC. 1 LIZ CLAIBORNE, INC. 2 LUCENT TECHNOLOGIES INC. 2 LYONDELL CHEMICAL COMPANY 1 MANPOWER INC. 1 MARATHON OIL CORPORATION 1 MCI, INC. 1 MCKESSON CORPORATION 1 MEDCO HEALTH SOLUTIONS, INC. 1 MERCK & CO., INC. 1 METLIFE, INC. 2 MIRANT CORPORATION 2 MORGAN STANLEY 1 NASH FINCH COMPANY 1 NAVISTAR INTERNATIONAL CORPORATION † 1 NIKE, INC. 1 NISOURCE INC. 1 NORTHEAST UTILITIES 1 OMNICARE, INC. 1 ORACLE CORPORATION 1 OWENS & MINOR, INC. 1 PACIFICARE HEALTH SYSTEMS INC. 1 PATHMARK STORES, INC. 1 PEPSICO, INC. 1 PFIZER INC 1 PITNEY BOWES INC. 1 PRUDENTIAL FINANCIAL, INC. 1 PUBLIC SERVICE ENTERPRISE GROUP, INC. 1 QWEST COMMUNICATIONS INTERNATIONAL INC. 1 RAYTHEON COMPANY 1 REYNOLDS AMERICAN INC. 3 RITE AID CORPORATION 1 ROSS STORES, INC. 2 ROUNDY'S, INC. 1 RYDER SYSTEM, INC. 2 SAFECO CORPORATION 1 SAFEWAY INC. 1 SARA LEE CORPORATION 1
† See addendum notes on page 89. 87 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 APPENDIX 9: FORTUNE 500 COMPANIES WITH AT LEAST ONE TOP-EARNING WOMAN CORPORATE OFFICER: 122
Company Number of Women Top Earners
SCHERING-PLOUGH CORPORATION 1 SEALED AIR CORPORATION 1 SLM CORPORATION 2 SMITH INTERNATIONAL, INC. 1 SOUTHWEST AIRLINES CO. 1 SUPERVALU INC. 1 TEACHERS INSURANCE AND ANNUITY ASSOCIATION COLLEGE 2 TELEPHONE AND DATA SYSTEMS, INC. 1 TEXTRON INC. 1 THRIVENT FINANCIAL FOR LUTHERANS 1 TIMKEN COMPANY 1 UNISYS CORPORATION 2 UNITED PARCEL SERVICE, INC. 1 UNITED SERVICES AUTOMOBILE ASSOCIATION 1 UNITED STATES STEEL CORPORATION 1 UNITED STATIONERS INC. 1 UNIVERSAL HEALTH SERVICES, INC. 1 US AIRWAYS GROUP, INC. † 1 VERIZON COMMUNICATIONS INC. 1 WELLCHOICE, INC. 2 WENDY'S INTERNATIONAL, INC. 2 WHOLE FOODS MARKET, INC. 1 WINN-DIXIE STORES, INC. 1 WISCONSIN ENERGY CORPORATION 1 XCEL ENERGY INC. 1 XEROX CORPORATION 2
88 † See addendum notes on page 89. Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 ADDENDUM NOTES
1) ChevronTexaco Corporation changed its name to Chevron Corporation. 2) Hershey Foods Corporation changed its name to The Hershey Company. 3) International Steel Company acquired Mittal Steel Company and is now called International Steel Group. 4) Jim Jenness replaced Carlos Gutierrez as Chairman of Kellogg Company when Gutierrez was sworn in as U.S. Secretary of Commerce. 5) Kmart Holding Corporation changed its name to Sears Holdings after acquiring Sears Roebuck. 6) Navistar International Corporation changed its name to International Truck and Engine Corporation. 7) Pacific LifeCorp changed its name to Pacific Life. 8) US Airways merged with America West Holdings Corporation. 9) Western & Southern Mutual Holding Co. merged with Lafayette Life Insurance Co.
Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500 from April 1, 2004 to March 31, 2005 89 ALSO BY CATALYST
The following Catalyst publications track other numbers of women in corporate leadership. To download free copies of the reports, visit www.catalyst.org.
2005 Catalyst Census of Women Board Directors of the Fortune 500 In 2005, women held 14.7 percent of board seats at Fortune 500 companies, an average increase of 0.5 percentage points per year over the last ten years. Almost 90 percent of companies had at least one woman board director, up 0.2 percentage points from 2003. Sixty-four companies had 25 percent or more women directors, compared with 54 companies in 2003. Despite these improvements, the pace of change remains slow.
2005 Catalyst Census of Women Board Directors of the FP500 In 2005, women held 12.0 percent of all board seats among the FP500 companies, up from 11.2 percent in 2003. Public companies, as a whole, made no progress in adding women to their boards—the percentage of women board directors at these companies increased only 0.2 points, from 9.0 percent in 2003 to 9.2 percent in 2005.
2004 Catalyst Census of Women Corporate Officers and Top Earners of Canada In 2004, women held 14.4 percent of corporate officer positions in the FP500, up from 14.0 percent in 2002. The number of companies with at least one woman corporate officer has actually decreased to 61.4 percent from 62.4 percent in 2002. Of the women who are corporate officers, neither the number of women who hold line positions nor the number of women who hold clout titles has increased meaningfully.
The Bottom Line: Connecting Corporate Performance and Gender Diversity Companies with the highest representation of women on their top management teams experienced better financial performance than companies with the lowest women’s representation. This finding holds for both financial measures analyzed: Return on Equity (ROE), which is 35 percent higher, and Total Return to Shareholders (TRS), which is 34 percent higher. In each of the five industries analyzed, the companies with the highest women’s representation on their top management teams experienced a higher ROE than the companies with the lowest women’s representation.
Women “Take Care,” Men “Take Charge:” Stereotyping of U.S. Business Leaders Exposed Analytical reviews of more than 40 studies on gender differences in leadership demonstrate that men and women often lead in very similar ways. Yet this report reveals that both women and men senior executives perceived that more women than men are effective at “take care” skills, such as rewarding and supporting, and that more men than women are better at “take charge” skills, such as delegating and influencing upward. 90 CATALYST BOARD OF DIRECTORS
Chair Ann M. Fudge Marilyn Carlson Nelson Charles O. Holliday, Jr. Chairman & CEO Chairman & CEO Chairman & CEO Young & Rubicam Brands Carlson Companies, Inc. DuPont William B. Harrison, Jr. Joseph Neubauer Secretary Chairman Chairman & CEO Anne M. Mulcahy JP Morgan Chase & Co. ARAMARK Chairman & CEO Xerox Corporation Jeffrey R. Immelt Henry M. Paulson, Jr. Chairman & CEO Chairman & CEO Treasurer General Electric Company The Goldman Sachs Group, Inc. Barbara Paul Robinson, Esq. Partner Ann Dibble Jordan James H. Quigley Debevoise & Plimpton LLP Consultant CEO Deloitte & Touche USA LLP Susan Arnold Andrea Jung Vice Chairman, Global Beauty Care Chairman & CEO Kevin B. Rollins The Procter & Gamble Company Avon Products, Inc. President & CEO Dell Inc. John Browne Karen Katen CEO Vice Chairman, Pfizer Inc Stephen W. Sanger BP p.l.c. President, Pfizer Human Health Chairman & CEO General Mills, Inc. Tony Comper Ilene H. Lang President & CEO President Stephanie A. Streeter BMO Financial Group Catalyst Chairman, President, & CEO Banta Corporation A. D. “Pete” Correll Edward M. Liddy Chairman Chairman, President, & CEO James S. Turley Georgia-Pacific Corporation Allstate Insurance Company Chairman & CEO Ernst & Young LLP Mary B. Cranston, Esq. John Mack Firm Chair Chairman & CEO G. Richard Wagoner, Jr. Pillsbury Winthrop Shaw Pittman LLP Morgan Stanley Chairman & CEO General Motors Corporation Michael J. Critelli Reuben Mark Chairman & CEO Chairman & CEO Pitney Bowes Inc. Colgate-Palmolive Company
Thomas J. Engibous Renetta McCann Chairman CEO Texas Instruments Starcom MediaVest Group
Chairs Emeriti, Catalyst Board of Directors John H. Bryan Thomas J. Engibous John F. Smith, Jr. Retired Chairman & CEO Chairman Retired Chairman & CEO Sara Lee Corporation Texas Instruments General Motors Corporation
J. Michael Cook Reuben Mark Retired Chairman & CEO Chairman & CEO Deloitte & Touche LLP Colgate-Palmolive Company Expanding opportunities for women and business
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