Female CEOs Earn More Than Male CEOs

This ABC News report by Bianna Golodryga and Michael Murray has some good news for women.

A new report from Bloomberg News, the leading provider of business news worldwide, shows that women who head the nation's largest companies are earning substantially more than their male counterparts.

Good for them. Are there any feminist leaders upset by this inequality? Probably not. These women should be getting whatever they’ve negotiated - no more, no less. It is up to the companies.

What's more, in 2009 female CEOs got raises averaging nearly 30 percent, while male CEOs took pay cuts.

In addition to invoking the bogus general pay gap, though, the article continues...

Despite those huge salaries, there is a huge caveat: There are still very few women who have made it to the corner office when compared to the number of men in those positions of corporate power. Only 16 companies listed in the S&P 500 are run by women.

The percentage of women in those positions will increase over time- but it does take time. Most of the current CEOs for these companies launched their careers decades ago, when things were very different. I do not expect, though, that there will ever be a 50/50 split, due to the realities of human nature. Social engineering only goes so far. It is nice that women have real choices in life, but I expect that fewer women than men are going to make the choices that will take them to the top of the corporate ladder. Flip the issue though – women can make those choices and be socially supported. Men have much less of a real choice to be “stay at home” fathers.

"There's 16 women making money and that's great," says Marie Wilson of The White House Project, a women's advocacy group. "I'm concerned about the vast majority of women who are now the majority of the workforce & it's kind of like the 16 supercorporate women are doing well. And that's a good sign - but it's not good enough."

It will never ever be enough. If it was, she’d be out a of job.

The article then goes on to really push the bogus general pay gap nonsense. Can't focus on the good news, can they? Nope. Gotta try to convince women that they are getting screwed over in a way that men aren't.

In one ABC News behavior lab experiment, volunteers were told they would be paid between $5 and $12 for their time participating in a study. Everyone was offered the minimum, but the men and women differed wildly in their reactions to the payment. More than half the men asked for more money, but only a third of the women bargained for more.

Whose responsibility is it to ask for more?

See this previous entry and this previous entry on the bogus general pay gap notion.

"Salary" For Stay-At-Home Mothers?

You may have seen this recent news: “Stay-at-home mother's work worth $138,095 a year”.

If the typical stay-at-home mother in the United States were paid for her work as a housekeeper, cook and psychologist among other roles, she would earn $138,095 a year, according to research released on Wednesday.
[snip]
The 10 jobs listed as comprising a mother's work were housekeeper, cook, day care center teacher, laundry machine operator, van driver, facilities manager, janitor, computer operator, chief executive officer and psychologist, it said.

The typical mother puts in a 92-hour work week, it said, working 40 hours at base pay and 52 hours overtime.

As much as I encourage stay-at-home motherhood, this study is a crock.

Why don't we see similar studies for men? Let's say a married father has an office job that he commutes to by driving. In addition to his paid career, he should be compensated for the following jobs:

Driver - He drives himself to work.
Delivery Service - He picks things up and brings them home.
Chauffer - He drives the wife and/or the kids places.
Babysitter - Whenever he watches the kids.
Coach - Whenever he plays sports with the kids, or advises them on playing.
Doorman - He opens doors for the wife and kids.
Valet - Opening the car doors for the wife and kids, parking/getting the car.
Gas Station Attendant - He fuels up the car.
Bellhop - Carrying luggage.
Counselor - Listening to the problems and feelings of his wife and kids.
Personal Bodyguard - Protecting the wife and kids.
Private Investigator - Checking things out at the request of the wife, checking up on the kids.
Pet Handler/Vet - Walking the dog, etc.
Exterminator - Killing and/or removing vermin, spiders, and various insects.
Furniture Mover - You wanted to move the sofa again?
Sanitation Engineer - Takes out the trash.
Dishwashing Machine Operator - If he ever washes the dishes.
Childcare Provider - If he ever feeds, clothes, or changes the diapers of the kids.
Plumber - If he ever fixes or replaces any of the plumbing fixtures in the house.
Laborer - Doing things that do not fall under the other categories.
Gardener - Mowing the lawn, trimming plants, weeding.
Personal Assistant - For the rest of the stuff that doesn't fall under laborer.
Professional Shopper - When he has to go buy stuff for the wife and/or kids.
Escort - You think he really wants to go see that play with you?
Chef/Cook - If he ever cooks.
Bartender - If he ever pours you, your family, or your friends a drink.
Priest - If he ever takes confession from you, is asked to grant absolution or forgiveness, or pray.
Mechanic - Any work he does on the car.
Handyman - Those little repair jobs around the place.
Comedy Writer - When he has to cheer you up and make you laugh because you're depressed yet again.
Accountant - Straightening out the finances.
Financial Advisor - Making investments, and telling you "That's too expensive."
Personal Trainer - "Looks like you need to start working out again, honey."
Wardrobe Consultant - "Yes, that does make you look fat. Why do you ask?"
Computer Operator
Masseuse
Actor - "Yes, I'd love for your mother to stay with us for two weeks."
Lender - "You want how much?"
Dietician - "Honey, don't you think you've eaten enough of those?"
Dancer - Do you really think he wants to dance?

I mean, come on. Stay-at-home mothers have all of these services and things paid for by their husband:

Housing
Utilities/Garbage Disposal/Cable/Phone
Nails/Hair/Beauty Salons, Spa visits
Wardrobe
Gifts
Eating Out, Starbucks
Vehicle
Vehicle Maintenance
Gasoline
Insurance
Furniture
Health Care/Benefits
Appliances
Groceries

And since women have longer life expectancies and tend to marry an older man, she's likely going to be living off of his earnings after he is dead.

Another problem with the study is that although stay-at-home mothers do have a very full and busy lives, they are not doing all of those activities for all of those hours.

Still, in the real world of compensation, you are only worth what you demand. Most stay-at-home-mothers have gladly agreed to provide these services in exchange for being able to stay home and live the lifestyles they do.

Finally, in a community property state, she’s getting at least that much if she is married to a guy who is earning $276,190 per year. So, is this study implying that a man who earns more than that is getting overcharged by his stay-at-home wife? How well with this study do in court if a man who earned, say, $500,000 per year tried to convince a judge that the wife he is divorcing should only be compensated for no more than $138,095 per year?

We should not minimize the importance of stay-at-home-mothers, but nor should we ignore the contributions of sole-provider husbands.

Don't forget - Mothers Day is almost here!