The UC Davis study says for every eight men among the highest paid executives in California, there’s just one woman. She says that’s a one percentage point improvement over last year.
“We still have just 10.9 percent of these positions filled by women and we’ve been tracking this data for nine years now,” says study author Amanda Kimball. “It’s still a very slow pace of change,”
The study says companies with the greatest percentage of women executives earn about three times as much revenue and 50 percent more income.
Annie's Inc., an organic food company, and the women's apparel company Wet Seal had more female than male executives.
The report recommends that more companies start mentoring and networking programs for female employees.
The California legislature passed a resolution this year calling on companies to promote gender diversity in the boardroom.