Sonali Basak, Jeff Green and Adam EwingNew York/Michigan — Companies looking for better financial returns should consider a female CFO.
These women brought in $1.8-trillion of additional cumulative profits, according to a study by S&P Global Market Intelligence. The researchers looked at 6,000 companies on the Russell 3000 over the last 17 years. “The bar is a little bit higher for females,” he said. “The result is that the male group that is a contender for an executive position is a little overfished, and the female contingent is underutilised.” Men outnumber women in the CFO job about 6.5:1, the study found.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: