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While 2012 was already a record breaking year, 2013 will be setting a new record as more females will be filling CEO positions at Fortune 500 companies. For the first time in the history of the list, there will be 21 women included on Fortuneai??i??s list of the 500 companies with the highest revenues.
The Fortune 500 list is annually compiled list of the American companies with the highest revenues for that year. The companies are listed in the magazineai??i??s annual Fortune 500 along with brief profiles of the company and their CEO. Since its inception, the Fortune 500 list has been used as something of a barometer to determine both an individual companyai??i??s success and the overall health and direction of the American economy. For example, the Fortune 500 list was originally created to rank the revenues of manufacturing and product-based companies, but today it features a large number of retailers and Internet-based businesses.
In 2012, the Fortune 500 list included more companies steered by female CEOs than ever before. While this isnai??i??t surprising, large businesses have traditionally been headed by men, and while women have made significant strides in the workforce in the last hundred years, there has been a noticeable lack of female executives. 2012ai??i??s Fortune 500 list included 19 women, and while that number relatively small compared to the 481 men on the list, it is a sign of some significant progress that has been made.
Itai??i??s important to stress that the Fortune 500 list is not a qualitative list, but rather a quantitative one based on data and revenues. So if women are under-represented on the list, it is not the fault of biased editors, but rather part of the larger problem of the underrepresentation of women in high-powered positions. The 19 women included in the Fortune 500 list is already an improvement from 2011, which only included 13.
Predictions for the 2013 Fortune 500 list show even further gains, though they may be slight. This year, two very high-profile companies brought on female CEOs. Marissa Mayer recently left Google to lead Yahoo as the companyai??i??s CEO, and Marilyn Hewson was recently appointed as the CEO of Lockheed Martin. The new duo of female CEOs will, barring any unexpected dismissals or appointments throughout the business world, push the number of female CEOs in the Fortune 500 up to 21.
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