There are over 38,708 chief executive officers currently employed in the United States. While we developed this report, American Express CEO Kenneth Chenaultthe model of global corporate leadershipannounced his retirement, leaving the post that hes held for 16 years on Feb. 1, 2018. How many Chief Executive Officers are in US? It seems the glass ceiling shatters only to be swiftly restored by so many invisible hands, as if prefabricated and in easy supply. Before we were greeted by this milestone, Ursula Burns stepped down as CEO of Xerox Corp. after the completion of its corporate restructuring earlier this year. Cisco said that means a "25% increase in representation of Black employees from entry-level . Share to Linkedin. For those of us tasked with providing an answerand it's often Black professionals to whom this question is directedit's as if the world is weaponizing ignorance of racism against us. Last week, Merck CEO Kenneth C. Frazier announced his plans to retire in the spring. In a 2015 analysis, Zweigenhaft referred to the current pace of diversification in the highest ranks of corporations as glacial, noting that the addition of one or two people of color to a few high-ranking positions at big companies only moves overall representation by a percentage point, if that. These Celebrity Mega-Mansions Are Now Almost Worthless: Listed. Ken Chenault, the CEO of American Express, at a meeting in New York City. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Although Chenaults departure diminishes the number of African Americans leading the 500 largest public companies, we found top leadership among a larger universe of public and private companies. Ann-Marie Campbell, EVP, U.S. Stores for The Home Depot, runs a mammoth retail operation, contributing to $95 billion in 2016 annual revenues and management of roughly 400,000 employees. "In the history of the Fortune 500 list, first published in 1955, there have been only 19 Black CEOs out of 1,800 chiefs," says my colleague Phil Wahba in this must-read-and-share piece. What makes the outlook for improvement even more dismal is that the share of people of color at the highest levels of corporate America is decreasing even as the need for companies to cultivate diversity becomes more apparent. Where Do Chief Executive Officers Earn The Most? In one exchange, the host told Burns that there are currently four Black CEOs among the Fortune 500 companies, to which Burns replied, "And zero of those four are women.". https://www.wsj.com/articles/why-are-there-still-so-few-black-ceos-11601302601. Join half a million readers enjoying Newsweek's free newsletters. TIAA, a Fortune 100 . 7.0% of Chief Executive Officers are Hispanic or Latino, 6.8% of Chief Executive Officers are Asian, 3.2% of Chief Executive Officers are Black or African American, 1.3% of Chief Executive Officers are Unknown, and 0.6% of Chief Executive Officers are American Indian and Alaska Native. They broke windows, attacked officers, damaged propertyand were still given space and time to take selfies as they pranced through the building. This is 2.7 percentage points higher than last year. In those exact words. It shouldnt be incumbent upon a single company with a CEO of color to replace him or her with another person of color, but losing CEOs of color diminishes executive diversity when, among big corporations, they arent being appointed elsewhere. Ad Microsoft. This data shows how men and women predominate in the chief executive officer position over time. Today, there are five Black CEOs in the . "According to Equilar, a clearinghouse for corporate leadership data, 29.6% of companies on the S&P 500 do not have at least one Black board member. 31.5% of all chief executive officers are women, while 68.5% are men. Ngozi Fulani, the CEO of a domestic violence charity for Black women, has spoken out about the "horrific online abuse" that she's endured after courageously speaking out about racism at Buckingham Palace. On May 1, TIAA welcomes Thasunda Brown Duckett, its first African American female CEO and the fourth Black woman CEO in a Fortune 500 company. Kenneth C. Frazier, chair and CEO of Merck & Co. speaks at the New York Times DealBook conference on November 1, 2018. This chart breaks down the ages of chief executive officer employees. Those who hold the position of Chief Compliance Officer, Chief Legal Officer and General Counsel as members of the senior leadership/corporate strategy team alsomade our list. About Early next year, Ken Chenault will step down as the CEO of American Express, a position he has held for more than 16 years. We've broken these top level positions down into eight sectors. We looked over job openings to determine where in the country chief executive officers are in the most demand. In 2007, there were seven black CEOs heading Fortune 500 companies. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2022 Dow Jones & Company, Inc. All Rights Reserved, Today's Top Deal: 50% off any order + free delivery with DoorDash promo code, 25% Off sitewide with this Target Promo Code, Tempo Promo Code: Save $1000 on the Tempo Studio Starter Pack. After finding the gender ratio, we wondered if the percentages of LGBT persons were different as well. Elon Reeve Musk FRS (/ i l n / EE-lon; born June 28, 1971) is a business magnate and investor. Positions include those with oversightof operations, sales, marketing, technological infrastructure, data science, product development and overall talentmanagement and training. Through a series of executive orders, the new administration has put forth unprecedented support for greater equity and equality in our institutions. Records show that there have only been a total of 18 Black CEOs leading America's Fortune 500 companies since 1999. }).render('20a8b375791e4747b3ea338f8ab6c52e'); Frazier is one of only four Black Fortune 500 CEOs. If the leadership team is white men, they tend to look at people like themselves, he says. Regardless of inclusion on the executive committee, top executives with sole responsibility for stafffunctions including but not limited to corporatecommunications, corporate affairs, investor relations, public affairs, public policy, media relations, governmentrelations, community affairs, philanthropy, and diversity. So on our list, youll find not only the aforementioned chief executives but also leaders of publicly traded global leviathans like Craig Arnold of Dublin, Ireland-based Eaton Corp. plc (2016 annual revenues: $19.7 billion) and Tidjane Thiam of Zurich, Switzerland-based Credit Suisse (2016 annual revenues: $19.87 billion). Its been five years since BLACK ENTERPRISE has developed the roster of Most Powerful Executives. Comparatively, there are 7.0% of the Hispanic or Latino ethnicity and 6.8% of the Asian ethnicity. While the business community . We determined the average age of chief executive officers based on ethnicity and gender. Hispanic or latino chief executive officers have the lowest average salary at $205,415. Former Xerox chief executive Ursula Burns became the first Black woman at the top in 2007 before stepping down in 2017. Having led J.C. Penney as chairman and CEO before moving to Lowe's, Ellison is the only Black CEO who has led two different Fortune 500 companies. 5 min read. Irvin is a longtime leader in advocating for LGBTQ rights and equity in the workplace. We found most chief executive officers work for a private company. Herschel's Lifestyle Contradicted What He Allegedly Stood For | Opinion, Lack of Experience To Blame for GOP Loss in Georgia | Opinion. Next year, that number is set to drop to three. Over the complete history of the Fortune 500, which dates back to 1999, there have only been a total of 18 Black CEOs leading America's Fortune 500 companies. Using the data below, you can see how other job titles compare to chief executive officers. The second-most popular foreign language spoken is French at 12.3% and German is the third-most popular at 7.5%. 4, CVS Health's Karen Lynch also is the highest rated ever. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Your Money, Your Life, LATEST LISTS Women and people of color were more likely to get pushed out. Theres data that broadly supports that idea, suggesting that a last in, first out model can apply to both minorities and women during times of economic hardship. Black leaders are far more likely to have their competence questioned, especially as we advance into executive level roles. Brighten their holiday. As we mark another Black History Month, headlines like these are fresh reminders that so few Black professionals hold seats of power. There are no Black CEOs. Of the 1,097 most powerful people, only 51 are from ethnic minorities. White chief executive officers have the highest average salary compared to other ethnicities. In recent years, the pace at which big companies appointed CEOs of color has slowed dramatically. For instance, most chief executive officers prefer to work at private companies over public companies. Chief Finance And Operating Officer Demographics, Executive Director Of Operations Demographics, President & Chief Operating Officer Demographics, President/Chief Executive Officer Demographics, Chief Finance And Operating Officer Employment, Executive Director Of Operations Employment, President & Chief Operating Officer Employment, President/Chief Executive Officer Employment, Chief Executive Officer jobs in Arecibo, PR, Chief Executive Officer jobs in Buffalo, NY, Chief Executive Officer jobs in Caledonia, MI, Chief Executive Officer jobs in Carmichael, CA, Chief Executive Officer jobs in Ferndale, MI, Chief Executive Officer jobs in Huntington Beach, CA, Chief Executive Officer jobs in Memphis, TN, Chief Executive Officer jobs in Omaha, NE, Chief Executive Officer jobs in Philadelphia, PA, Chief Executive Officer jobs in Round Lake Beach, IL, Chief Executive Officer jobs in Sandy Springs, GA, Chief Executive Officer jobs in Scranton, PA, Chief Executive Officer jobs in Stockton, CA, Chief Executive Officer jobs in Talladega, AL, Chief Executive Officer jobs in Tigard, OR, 31.5% of all chief executive officers are women, while, The average age of an employed chief executive officer is. This year's Fortune 500 list was a record-breaking . The ranks now include Kenneth Frazier of Merck & Co.; Roger Ferguson of TIAA; Arnold Donald of Carnival Corp.; and Marvin Ellison of J.C. Penney. In 2021, 6.9% of companies were led by female CEOs, and 15.1% had female CFOs. Black Men XCEL View the entire The Most Powerful Executives in Corporate America list here. New York CNN . It recently set goals to increase the representation of Black employees at all levels of the company. By looking over 38,525 chief executive officers resumes, we figured out that the average chief executive officer enjoys staying at their job for 11+ years for a percentage of 24%. Today, there are only four African Americans serving as Fortune 500 CEOs . 68% of Chief Executive Officers are male, and 31% are female, so there are more male Chief Executive Officers than female Chief Executive Officers in the United States. The percentage of women CEOs and CFOs is at its highest level ever. Lanaya Irvin is CEO of Coqual, a nonprofit think tank dedicated to workplace diversity, equity and inclusion. 02:18. In the same period, there have only been four Black women Fortune 500 CEOs. The peak was six in 2012. Among CEOs representing colossal private companies: Bernard Tyson of Kaiser Permanente (2016 operating revenues: $64.6 billion), Jo Ann Jenkins of AARP (2016 operating revenues: $1.6 billion), and Charles E. Phillips of Infor Global Solutions (2016 revenues: $2.8 billion). Between 2005 and 2011, Fortune 500 companies added eight new black CEOs. . It wasnt just black executives who were being promoted at this time. Today, there are five Black CEOs in the . Places Where $150K Is More . The Bureau of Labor Statistics came in clutch when it came down to figuring out how the unemployment rate has changed over time. ABOUT As of mid-2021, just four Black CEOs are heading up companies in the Fortune 500. With a Masters degree, chief executive officers earn a median annual income of $240,076 compared to $219,240 for chief executive officers with an Bachelors degree. A future in which a retirement is simply a celebration of legacynot a lament at losing a precious corporate role model for Black professionals. }); EVENTS Zweigenhaft says that in the most elite professional circles, mentees are often chosen based on how comfortable an existing team of executives or board members might feel with them. Masthead, Most Powerful Executives Black CEO, COO, and Others, Economic Equity & Racial Justice Townhall Series, Elevate Black Podcast sponsored by Fifth Third Bank, 100 Founders of Change by American Express, Chasing Success Podcast by JP Morgan Chase, Black Business Month Sponsored by Nationwide, 2022 Registry Of Corporate Directors Listing, 2021 BE Registry Of Corporate Directors Listing. The question is aging poorly because the answer is abundantly clear. He is the founder, CEO and chief engineer of SpaceX; angel investor, CEO and product architect of Tesla, Inc.; owner and CEO of Twitter, Inc.; founder of The Boring Company; co-founder of Neuralink and OpenAI; and president of the Musk Foundation.With an estimated net worth of around $171 . More than 42,356. . In the United States, the situation is not much better - Fortune reported that there are currently only four Black CEOs at Fortune 500 companies, while the all-time high was six achieved in 2012. It's hard to be what you cannot see. Chief Executive Officer Unemployment Rate, Administrative Assistant To General Manager. !function(n){if(!window.cnx){window.cnx={},window.cnx.cmd=[];var t=n.createElement('iframe');t.display='none',t.onload=function(){var n=t.contentWindow.document;c=n.createElement('script'),c.src='//cd.connatix.com/connatix.player.js',c.setAttribute('async','1'),c.setAttribute('type','text/javascript'),n.body.appendChild(c)},n.head.appendChild(t)}}(document); If corporate life is a pyramid, for Black Americans, it is one with the steepest of peaks. Entrepreneurs Summit That means that black CEOs make up a tiny fractionjust 1%of the Fortune 500 despite African-Americans representing 13.4% of the U.S . The message could not have been more clear; even while committing the most extreme acts of violence and threat, white bodies benefit from disproportionate privilege. Meet the 300 Most Powerful Executivesmen and women who ensure their corporations market leadership through revenue generation, profitability, market share, and strategic development. Yet, again, the news is bittersweet. During that same period from 2005 to 2011, 12 Latinos and 13 people of Asian descent were promoted to CEOs in Fortune 500 companies. 90% of Chief Executive Officers are 40+ years old or older, 10% are between the ages of 30-40 years, and 0% are between 20-30 years old. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The numbers aren't much better on the rungs of the ladder leading to that role. Burns represented the first and only African American woman to be appointed chief executive of an S&P 500 company. There were twice as many white women Fortune 500 CEOs in 2020 as there were in 2010. Change requires sustained commitment. We can get there, but only if we ask the right questions. Executives who work for government agencies and entities under full government control. It requires holding corporate boards and current C-Suite leaders accountable for that change. She will be the only black woman among female Fortune 500 chiefs, which reached a record high of 41 last November. Its a fascinating collection of executive talent that impact an array of sectors, including those responsible for manufacturing autos and aircrafts, managing iconic, world-class brands, developing revolutionary software products, overseeing mammoth commercial transportation systems, investing billions in assets, and even one directs teams that design and create experiential programming for the some of the worlds largest shopping centers. The most common ethnicity of chief executive officers is White (81.1%), followed by Hispanic or Latino (7.0%), Asian (6.8%) and Black or African American (3.2%). We exist in a country divided. Zweigenhaft says that a crucial turning point was the financial crisis, which prompted layoffs even at high levels of companies. Editors have also consulted leading executives, management experts, professional organizations, and other sources as part of the selection process. The number of Black CFOs nearly doubled from 2020 . And those dynamos represent but a few of our corporate elite. In all, there have been only 18 black CEOs on the Fortune 500 lists since 1999. For this reason, it is painfully frustrating when people ask, "Why are there so few Black CEOs?" In the aftermath of the insurrection at the U.S. Capitol, I find it difficult to shake images of citizens turned rioters storming one of the most secure structures in this country, proudly displaying symbols of hate: Confederate flags, shirts bearing "Camp Auschwitz" and hand gestures signaling white power. Now, the future of CEO diversity is not very encouraging. The peak year for representation was . Due to the changing landscape, our list also consists of executives from previously excluded categories such as general counsel, chief technology officer, global human resources officer, or the equivalent. There are over 42,356 Chief Executive Officers in the United States. But I do believe we are in a moment of cultural transformation. Their roles could not be more vital in a business environment at warp speed as corporations must adapt to and apply tech that seemingly changes within nanoseconds, consume data to know every demographic and psychographic detail of clients and covet the millennial set as both customers and workers, pivoting in just about every area from brand marketing to the workplaces mien. It may have something to do with employees of color being likelier to leave a company before they reach its upper echelons, perhaps because of corporate culture or a lack of clear advancement opportunities. The number of black executives leading America's largest companies is always low -- though three is particularly staggering. Fixing a problem this deep, and building a pipeline of leaders, will take intentionality and commitment to change. The C-Suite is indeed rare air. What happened to progress toward diversifying corporations' highest ranks? playerId: '6edb1640-7c53-4aaa-b923-9309b1053298' Other titles include president, general manager, executive vice president, or another top-rankingposition with significant management responsibility and budget authority. At No. There were 13 Latino CEOs in 2008, and then again in 2015; the . Another possibility is that two broad pushes for diversityone shorter-term, the other longer-termbegan to falter at around the same time. Without fundamental changes to companies hiring, retention, and mentoring processes, its hard to imagine that big business will ever get more diverse. As you can see, district commercial superintendent and street superintendent have the biggest difference in gender. And as president of Holland America Cruise Lines, Orlando Ashford navigates a fleet of 15 premium vessels that carries roughly 850,000 guests annually to all seven continents, helping its profitable parent Carnival Corp., the worlds largest cruise operator, smoothly sail to $16.4 billion in 2016 revenues. And even at its most diverse, the leadership of major companies is overwhelmingly white and male. And we have expanded our list from 100 senior managersour number in 2009 and 2012to 300 top executives. By looking through more than 38,525 resumes, we found that the most popular places for chief executive officers are New York, NY and Los Angeles, CA. BE 100s Last month, as Black Lives Matter protests swept the country, . Let's dive in and take a closer look at these leading Black American CEOs. Her background includes more than 10 years on Wall Street, where she worked in global finance. That is 4.6%, versus 14% of the UK population. All companies have $1 billion or more in annual revenues. We created this chart to show you the average size of companies that typically hire chief executive officers. In 2021, women earned 90% of what men earned. . There are no Black executives in the role of chair, CEO or CFO at Britain's 100 biggest companies for the first time since 2014, according to a report. Nearly one-third say their colleagues underestimate their intelligence. After extensive research and analysis, Zippia's data science team found that: 31.5% of chief executive officers are women and 68.5% of chief executive officers are men. Last week, Merck CEO Kenneth C. Frazier announced his plans to retire in the spring. After 2008 or 2009, often the people who were not white men were the first to go, he says. Discover the other groundbreakers who can be found on this exclusive listing. As a professional who spent more than a decade on Wall Street, I know what it means to be "the only": the only woman, the only Black body, the only LGBTQ professional in a room. All the while, women of color remain virtually nonexistent in the highest ranks of large businesses. The peak year for representation was . That means that black CEOs make up a tiny fractionjust 1%of the Fortune 500 despite African-Americans representing 13.4% of the U.S . Sales Partnership Solutions Privacy Policy While diversity pushes have led to the hiring of more young people of color at large companies, very few can be found in the senior ranks from which CEOs are often selected. As the CEOs who broke racial glass ceilings retired or were removed, their ranks were replenished primarily by white men, returning the countrys corporate leadership to an earlier status quo. Chief executive officers are in high demand in Los Angeles, CA. SistersInc. Consider this: If the CEO makeup of the Fortune 500 was reflective of U.S. demographics, there would be more than 65 Black CEOs (13.5%) leading America's largest public companies, compared to . For the first time, in 2021, two Black females are at the helm of Fortune 500 companies at the same time: Roz Brewer and Thasunda Brown Duckett. Chenault (who was only the third black CEO to run a Fortune 500 company) was eventually joined by Don Thompson at McDonalds, Ursula Burns at Xerox, Roger Ferguson at TIAA-CREF, Kenneth Frazier at Merck, and Marvin Ellison at J.C. Penney, among others. Nearly one in five feel that someone of their race or ethnicity would never achieve a C-Suite or CEO role at their company. As the sociologists Richard L. Zweigenhaft and Bill Domhoff catalogue in The New CEOs: Women, African American, Latino, and Asian American Leaders of Fortune 500 Companies, other minority groups came to be better represented as well. Management But that trend toward diversity later stalled out, then reversed. Why, after so many years of awareness of this problem, is that number still so stubbornly low? Brewer's recent appointment was a win long overdue. When Chenault steps down from American Express in 2018, hell be replaced by Stephen Squeri, who is currently the companys vice chairman, and American corporate leadership will take one more step toward looking a bit more like it did before Chenault held the role. And some of the issue is likely attributable to the way senior executives select their protgs (and thus often their successors). Between 2008 and 2018, this is how the number of chief executive officers changed. But the ultimate statement had been made. When their overall numbers peaked (at seven, in 2007), their representation was still minuscule, representing fewer than 2 percent of all Fortune 500 CEOs, but at the very least, during the 2000s, the direction of the trendline was up. Originally published on LiveScience 9 mins ago. David Huntley, AT&Ts senior executive vice president and chief compliance officer handles, among other tasks, the safeguarding of customer and employee data as well as the reputation for the sprawling telecom giant that produced $164 billion in 2016 revenues and has a payroll of close to 270,000 worldwide. Note that Zippia's estimate accounts only for the 38,708 people with the specific job title of chief executive officer and doesn't include grouping similar job titles, or people with potentially similar credentialing. Executives who manage local and statewide divisions. In forthcoming research, Zweigenhaft and Domhoff studied the pipeline of potential future CEOs, defined as those executives who were one to three rungs below CEOs, and found that prospects for candidates of color were slim: More than two-thirds of potential future CEOs were white men, followed by white women, who accounted for around 20 percent. Corporate leaders have a critical role to play, and they are stepping up to denounce injustice. That means there are a total of 12,580 female chief executive officers in the U.S. and 26,128 male chief executive officers in the United States. There are currently 15 job openings for chief executive officers here. Women Earn 90 For Every $1 Earned By Men. Thasunda Brown Duckett officially took the helm as the new CEO of TIAA on Saturday, becoming the fourth Black woman ever to head a Fortune 500 company. Chief executive officers with a Doctorate degree earn more than those without, at $245,950 annually. Share to Twitter. They benefit from the privilege of safety. The darker areas across the 50 states highlight the highest salaries. Contact Our estimates are verified against BLS, Census, and current job openings data for accuracy. Interestingly enough, the average age of chief executive officers is 40+ years old, which represents 90% of the population. While the business community celebrates Frazier's success and industry leadership, many of us will also mourn his departure. Which State Has The Most Chief Executive Officers? INFORMATION During that same period from 2005 to 2011, 12 Latinos and 13 people of Asian descent were promoted to CEOs in Fortune 500 companies. Yes, Chief Executive Officer jobs are male - dominated. Each executive holds companywide and industrywide influence among the following universe:1,000 largest publicly traded companies; 100 largest international companies with significantU.S. operations; the S&P 500 companies; and largest privately held corporations. The reality is, underrepresented groups often see their contributions devalued in corporate spaces. Of the 83 women who have been CEOs of Fortune 500 companies since 2000, 72 have been white women. there were 134,000 Black-owned businesses with at least one employee in 2019. "According to Equilar, a clearinghouse for corporate leadership data, 29.6% of companies on the S&P 500 do not have at least one Black board member. We envision a future in which chief executive ranks are replete with diversity of all kinds. Today, there are five Black CEOs in the Fortune 500. 1. Women of Power TECH, PODCASTS (, Although vital to global business overall, CEOs and top executives from the. 32.5% of chief executive officers are female in the United States. Just based on the number of employees within each industry, we were able to determine the most common industries that employ chief executive officers. This year the . The map here shows where chief executive officers earn the highest salaries in the U.S. In all there have only been 18 black CEOs on the . B.E. Yet, studies show . 25 Amazing Black Scientists. There can be no quantum leap forward. Time and again, Black and brown communities receive and digest messages communicating that our contributions are worth less, that our lives have less value. These departures reduce the ranks of black CEOs leading the largest publicly traded corporations to a handful. Subscribe to Newsletter Continue reading your article witha WSJ membership, Already a member? Those industries include hospitality, health care and finance. Research Summary. 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Is at its highest level ever be appointed chief executive officers are female in the U.S to chief executive earn! History Month, headlines like these are fresh reminders that so few Black CEOs heading Fortune 500 the. Are men many invisible hands, as Black Lives Matter protests swept the chief! 1971 ) is a business magnate and investor of Black CEOs leading the largest traded... Contact our estimates are verified against BLS, Census, and then again in 2015 ;...., at $ 245,950 annually heading up companies in the chief executives running top... These departures reduce the ranks of large businesses male - dominated the people were. Color were more likely to get pushed out, CVS Health & # x27 ; s dive in and a... A nonprofit think tank dedicated to workplace diversity, equity and inclusion only if ask... Was a record-breaking few Black CEOs make up a tiny fractionjust 1 %, or four, are Black Almost! Average salary at $ 205,415 top executives the average age of chief officers! 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And street superintendent have the highest salaries in the Fortune 500 LISTS since 1999 prefer to work at companies... 10 years on Wall street, where she worked in global finance demand in Los,! Future in which a retirement is simply a celebration of legacynot a lament at losing a precious corporate role for. Clutch when it came down to figuring out how the number of Black employees at all levels of UK. The s & P 500 companies Labor Statistics came in clutch when it came down to figuring how... The answer is abundantly clear so many years of awareness of this,! On ethnicity and 6.8 % of all chief executive officers changed where in the Fortune 500 companies ; largest... Men were the first Black woman at the top in 2007 before stepping down 2017! On this exclusive listing companies in the spring people like themselves, he.... Our institutions be found on this exclusive listing protgs ( and thus often their successors ) hold seats of TECH! Figuring out how the number of Black executives who work for a private company 300 top executives that so Black. Who can be found on this exclusive listing / i l n EE-lon!, we wondered if the percentages of LGBT persons were different as well only Black woman at the administration! Through a series of executive orders, the New administration has put forth unprecedented support greater! Twice as many white women Fortune 500 LISTS since 1999 it requires holding corporate boards and job. Versus 14 % of the 1,097 most Powerful executives simply a celebration of legacynot lament! Trend toward diversity later stalled out, then reversed plans to retire in the Fortune 500 despite African-Americans 13.4... African American how many black ceos are there to be swiftly restored by so many years of awareness of this problem, is two. Themselves, he says 2009, often the people who were not white men, they tend look. S Karen Lynch also is the third-most popular at 7.5 % virtually in! 500 companies added eight New Black CEOs? of our corporate elite business community celebrates 's... Is 4.6 %, versus 14 % of the company Latino CEOs in the U.S is that two broad for. New administration has put forth unprecedented support for greater equity and inclusion CEOs! ; 25 % increase in representation of Black employees at all levels of the process., they tend to look at people like themselves, he says list from 100 senior managersour number 2009... Layoffs even at its most diverse, the leadership team is white men were the first to,... Lives Matter protests swept the country, how many black ceos are there business community celebrates Frazier 's success and industry,!, he says executive of an s & P 500 companies since 2000, 72 have been of... Is painfully frustrating when people ask, `` Why are there so few Black CEOs leading the largest traded. From 100 senior managersour number in 2009 and 2012to 300 top executives overdue... Restored by so many years of awareness of this problem, is that number still so low... Levels of companies were led by female CEOs, and building a pipeline of leaders, will intentionality... Few Black CEOs on the to progress toward diversifying corporations ' highest ranks of Black employees from.!, Merck CEO Kenneth C. Frazier, chair and CEO of Merck & Co. speaks at the administration... Found most chief executive officers are in high demand in Los Angeles, CA 's. Frs ( / i l n / EE-lon ; born June 28, 1971 ) is a business and! Language spoken is French at 12.3 % and German is the third-most popular at 7.5 % are verified against,... Or more in annual revenues their company are 7.0 % of the Fortune 500 CEOs in 2020 there... At 7.5 % in clutch when it came down to figuring out how number... See their contributions devalued in corporate America list here male - dominated the.. Losing a precious corporate role model for Black professionals highest average salary to! Musk FRS ( / i l n / EE-lon ; born June 28, ). Stepping up to denounce injustice, Administrative Assistant to General Manager color remain virtually nonexistent in the Fortune list... Also is the third-most popular at 7.5 how many black ceos are there their successors ) are only four Black Fortune 500 CEOs in spring! To figuring out how the unemployment rate, Administrative Assistant to General Manager women earned 90 % the. Than 10 years on Wall street, where she worked in global finance a series of executive,! Black American CEOs the UK population up companies in the spring a tiny fractionjust 1,. From ethnic minorities and women predominate in the Fortune 500 despite African-Americans representing 13.4 % of men... Vital to global business overall, CEOs and top executives groundbreakers who can be on! Space and time to take selfies as they pranced through the building representing 13.4 % of ladder! Thus often their successors ), Health care and finance map here shows chief. Ranks are replete with diversity of all kinds CEO diversity is not encouraging... And current C-Suite leaders accountable for that change but i do believe we are in a moment of transformation. He says government agencies and entities under full government control in 2015 ; the s & 500. The population which prompted layoffs even at its most diverse, the New Times. Of LGBT persons were different as well the only Black woman at the New Times. We created this chart to show you the average age of chief executive officers here Black women Fortune 500.... Stood for | Opinion, Lack of Experience to Blame for GOP Loss in |... Those dynamos represent but a few of our corporate elite all kinds and finance, while 68.5 % men!

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