CEO Pay: Finally A Little Somethin’ For The Ladies

May 13th, 2010 by alyx · No Comments · win

So tonight, I will tip my scotch like a boss in the direction of Silicon Valley, in honor of the news that Yahoo’s Carol Bartz raked it in like whoa last year:

Chief executive officers’ pay is shattering the glass ceiling. Boosted by a $47.2 million package for Carol Bartz of Yahoo! Inc. and $26.3 million for Irene Rosenfeld of Kraft Foods Inc., compensation for woman CEOs at the biggest U.S. companies is booming.

Sixteen women heading companies in the Standard & Poor’s 500 Index averaged earnings of $14.2 million in their latest fiscal years, 43 percent more than the male average, according to data compiled by Bloomberg News from proxy filings. The women who were also CEOs in 2008 got a 19 percent raise in 2009 — while the men took a 5 percent cut.

Sure, the exact count of female CEOs is still few and far between, and she has critics who refer to her as a “python” who “swallowed an entire pig” for wanting so much money, but hey, if the big boys can get overpaid for marginal performance, it’s only fair that the big girls have a turn. Besides, she curses like a sailor just like me so I have to show respect where respect is due:

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