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.