24/7 Wall St.

More than half of the American workforce is comprised of women. It is well-known that they are paid less than their male counterparts. Several studies show that female workers make about 77%  of the compensation paid to their male peers. The numbers are worse for women of color. This inequality hurts women at every level of the job market.

Women, who  make up about 40% of the students at elite business schools,  have an especially difficult time moving into the ranks of senior management at America’s largest public companies. New data from the research from the nonprofit Catalyst shows that 60 of the Fortune 500 corporations have no female directors. Out of the same group, 136 companies have no women among their top five executives.  Moreover, there are 26 Fortune 500 firms which have neither a female board member nor a woman in executive management. The data came from proxy statements filed as of June 30, 2010.  24/7 Wall St. research found that four companies have added a female director since then: Philip Morris, Blockbuster, Virgin Media, and Synnex.

After we reviewed the Catalyst data, the companies were categorized by industry, and 24/7 Wall St. examined their corporate websites to see whether they had any women in top management at all. When we did find someone, they were usually in human resources, public relations, investor relations, or accounting.

The figures are outrageous and point to lingering misogyny in the board rooms and executive suites of a number of America’s largest companies. It is incomprehensible how public companies in the 21st Century can manage to exclude women from such critical roles.

1) Autoliv (ALV)
Autoliv makes and distributes automotive safety products, such as airbags and seat belts.
-Company lists no women on management team.

2) Cameron International (CAM)
Cameron International is a global provider of flow equipment products, systems, and services to oil, gas, and process industries.
-Rozlin Larkey – Vice President of Human Resources
-Grace B. Holmes – Corporate Secretary

3.) CC Media Holdings (CCMO.PK)
CC Media Holdings, the parent company of Clear Channel Communications, is a media company that works in radio and advertising.
-Company lists no women on management team.

4.) CHS (CHSCP)
CHS, which occupies the 91st position on the Fortune 500, is a diversified energy, grains, and food company.
-Company lists no women on management team.

5.) Emcor Group (EME)
Emcor group designs and constructs electrical and mechanical systems, including transformers, generators, and power cables.
-Mava K. Heffler – Vice President of Marketing and Communications

6.) Energy Transfer Equity (ETE)
Energy Transfer Equity, which owns the general partner of Energy Transfer Partners, transports natural gas throughout the United States.
-Company lists no women on management team.

7.) EOG Resources (EOG)
EOG Resources is one of the largest independent natural gas and oil companies in the United States.  As of the end of 2009, it employed approximately 2,100 people.
-Maire Baldwin – Vice President of Investor Relations
-Patricia Edwards – Vice President of Human Resources
-Ann Janssen – Vice President of Accounting

8.) Fidelity National Financial (FNF)
Fidelity National Finance provides title insurance, escrow, and other title related services, including claims management services.
-Company lists no women on management team.

9.) General Cable (BGC)
General Cable provides assorted wire and cable products throughout the world.  It also provides products for the application of cables.
-Company lists no women on management team.

10.) Global Partners (GLP)
Global Partners distributes and stores refined petroleum products and natural gas throughout the United States and the world.
-Company lists no women on management team.

11.) Icahn Enterprises (IEP)
Icahn Enterprises, 87% of which is owned by famous financier Carl Icahn, is a diversified holding company.
-Company lists no women on management team.

12.) International Assets Holding (IAAC)
International Assets Holding, which is #49 on the Fortune 500 list, is a commodity risk management company based in Kansas City.
-Nance McMurtry – Chief Compliance Officer

13.) L-3 Communications (LLL)
L-3 Communications provides a number of communications-related systems, aircraft maintenance, and products and services related to homeland defense.
-Company lists no women on management team.

14.) Las Vegas Sands (LVS)
Las Vegas Sands, although based in Las Vegas, develops resorts and casinos throughout the world.
-Company lists no women on management team.

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15.) National Oilwell Varco (NOV)
National Oilwell Varco manufacturers oil drilling rigs, including the major parts for such rigs.  They are a world leader in the production of drilling equipment.
-Company lists no women on management team.

16.) Pilgrim’s Pride (PPC)
Pilgrim’s Pride produces and distribute poultry products throughout the United States, Mexico, and Puerto Rico.
-Company lists no women on management team.

17.) Republic Services (RSG)
Republic Services, based in Phoenix, collects, transfers, and disposes of nonhazardous, solid waste in the United States.
-Company lists no women on management team.

18.) Shaw Group (SHAW)
The Shaw Group is “a diverse engineering, construction, technology, fabrication, environmental and industrial services organization,” that currently employs approximately 27,000 employees around the world, according to the company.
-Company lists no women on management team.

19.) Sonic Automotive (SAH)
Sonic Automotive is an automobile retailer which operates numerous auto dealerships throughout the United States.
-Company lists no women on management team.

20.) Tesoro (TSO)
Tesoro is an oil company that markets and refines petroleum products, dividing the company into two segments: Refining and Retail.
-Susan A. Lerette – Senior VP of Human Resources

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21.) World Fuel Services (INT)
World Fuel Services sell marine, aviation, and land fuel products, along with related services, throughout the world.
-Company lists no women on management team

Methodology from Catalyst: The survey includes 497 of the fortune 500 companies. Among the companies, 14.4% of the executive officers were women based on the SEC proxy designation of “executive management”. Among the companies, 15.7% of the board members were women.

Douglas A. McIntyre, Charles Stockdale