Women and the Economy

March 30, 2012

A Spotlight on Women and the Economy

This year marks the 70th anniversary of Rosie the Riveter, who was first coined in a song in 19421. In the meantime, women have taken a leading role in building up an even greater America. In this fact sheet, we take a moment to honor the contributions of women to the economy and government.

Just how far have we come?
According to a report by the Department of State, “Companies with the highest share of women on their executive committees have better financial performance than companies with no women. 2

  • According to Working Mother , the ten best companies for executive women include Cisco, General Mills, IBM, Johnson & Johnson, KPMG, The New York Times, Procter and Gamble, Prudential Financial, State Farm Insurance3.
  • 18 women led last year’s Fortune 500 companies.4
  • The top paying careers for women include:5
    1. Physicians and Surgeons
    2. Pharmacist
    3. Chief Executives
  • Despite progress, as of February, women only held 17 out of 100 seats in the Senate and 73 of the 435 seats in the House of Representatives.6

Leading Ladies
Ellen Kullman, CEO of DuPont

  • Kullman’s strong leadership shifted DuPont from chemicals to food and nutrition. According to CNN, “analysts credit her with DuPont’s turnaround in the stock market: Shares have returned 99%, vs. 37% for the S&P, since she took over in 2009.”7
Sheryl Sandberg, COO of Facebook8

  • Mark Zuckerberg hired Sandberg in 2008 to take Facebook from a social network to a profit-making company. She has done just that and led to the company’s public offering.

Alice Rivlin, Senior Fellow at the Brookings Institute

  • Rivlin is one of the most respected fiscal experts in the nation. She served on the President’s Deficit Reduction Commission9 and testified before the deficit super committee.10 As former director of the Congressional Budget Office, Office of Management and Budget (OMB) director and a senior fellow at the Brookings Institute11, Rivlin has pushed for $4 trillion in deficit reduction12.

Ariana Huffington, President and Editor-in-Chief of the Huffington Post Media Group

  • Huffington launched The Huffington Post in May of 2005 and frequents Time Magazines most influential people. She is a writer and well published.13

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  1. National Park Service. Rosie the Riveter: Women Working During World War II. Accessed March 29, 2012. http://www.nps.gov/pwro/collection/website/rosie.htm
  2. U.S. Department of State. Women at the Top: How Women at the Top Elevate the Bottom Line. March 1, 2012. http://www.state.gov/e/eb/rls/othr/2012/184988.htm
  3. Working Mother. 2012 NAFE Top 50 Companies for Executive Women. Accessed March 29, 2012. http://www.workingmother.com/best-company-list/122869
  4. CNN Money. Meet the 18 Fortune 500 female CEOs. http://money.cnn.com/galleries/2011/news/companies/1110/gallery.18_female_fortune_500_ceos.fortune/11.html
  5. Forbes. Best-Paying Jobs for Women. April 2011. http://www.forbes.com/sites/jennagoudreau/2011/04/20/best-paying-jobs-for- women-2011/
  6. Center for American Women and Politics. Women in the U.S. Congress 2012 Fact Sheet. Accessed March 1, 2012. http://www.cawp.rutgers.edu/fast_facts/levels_of_office/documents/cong.pdf
  7. CNN. http://money.cnn.com/galleries/2011/news/companies/1110/gallery.18_female_fortune_500_ceos.fortune/11.html
  8. Investorpedia. http://www.investopedia.com/financial-edge/0312/Top-Female-Executives-And- CEOs.aspx?partner=YahooEA#axzz1pDuiVSZy
  9. Fiscal Commission. Members. Accessed March 1, 2012. http://www.fiscalcommission.gov/members
  10. Brookings Institute. Biography. http://www.brookings.edu/experts/rivlina.aspx
  11. Fiscal Commission. Members. Accessed March 1, 2012. http://www.fiscalcommission.gov/members
  12. Brookings Institute. An Overview of the Domenici-Rivlin Budget Plan. November 1, 2011. http://www.brookings.edu/testimony/2011/1101_deficit_committee_domenici_rivlin.aspx
  13. Huffington Post. Biography http://www.huffingtonpost.com/arianna-huffington

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