Female CEOs Earned More Last Year, But Few Were in Top Job

By Joseph Pisani | The Globe and Mail | May 26, 2017

Women CEOs earned big bucks last year, but there's still very few of them running the world's largest companies.

The median pay for a female CEO was $13.1-million last year, up 9 per cent from 2015, according to an analysis by executive data firm Equilar and The Associated Press. By comparison, male CEOs earned $11.4-million, also up 9 per cent.

But the number of women in CEO roles has barely budged. Just 6 per cent of the top paid CEOs in the U.S. last year were women, according to the Equilar and AP analysis, a slight increase from about 5 per cent in 2015 and 2014.

The highest paid woman was Virginia Rometty of International Business Machines Corp., bumping out Yahoo's Marissa Mayer from the top spot.

Rometty earned $32.3-million last year from the technology company, a 63 per cent jump from the year before, mainly due to $12.1-million in stock option awards she didn't receive in 2015.

Mayer earned $27.4-million last year, making her the second-highest paid woman. But she may be out of a job after Yahoo Inc. completes the sale of its websites and email services to Verizon Wireless in June. She's not expected to join Verizon, and Yahoo has said Mayer will receive a $23-million severance package if she departs.

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