If the proportion of women in Congress is pitifully low, then the absence of women CEOs is pathetic. According to Catalyst, women hold only a little over 5% of CEO positions. The list is arranged by the size of the company with a link to company-supplied biographies. These readings can inform the conversation: Women CEOs: Why So Few (HBR); Lack of female CEOs: Not just problem for women (CNN);Why Most Women Will Never Become CEO (Forbes); Advancing Women in Business Leadership (George Washington University); Women on Boards (Lord Davies Commission, UK); and The Glass Precipice (The Economist).
Archive for Business
An Exploration of the Determinants of the Subjective Well-being of Americans During the Great Recession (OECD); Job Search Before and After the Great Recession (Federal Reserve, Cleveland); The Responsiveness of the Temporary Assistance for Needy Families Program During the Great Recession (Brookings); Follow the Money: Compensation, Risk, and the Financial Crisis (Stanford University); and Beige Book – September 2014 (Federal Reserve).
There is no Federal law for sick leave. (To remedy that situation, the Healthy Families Act was introduced into both houses of Congress. The odds of it passing are slim to none.) In fact, ” The United States is the only advanced economy in the world that does not guarantee its workers paid vacation.”(No-Vacation Nation Revisited, 1.)
And as far as requiring paid sick leave, that is left up to state or local entities. Jersey City is one of the few cities to have a paid sick leave mandate – Earned Sick Time Ordinance; Newark also recently passed its own legislation, the eighth ordinance in the country. (Since that time, two more cities – Eugene and San Diego have passed paid sick leave laws.) Only Connecticut has passed a state-wide paid sick leave law. Campaigns are underway across the country at both local and state levels to push through this protection; here is the proposed legislation for New Jersey. and please peruse this very informative piece from NJ Spotlight: Does Paid Sick Leave Have Healthy Chance of Approval in New Jersey? For some statistics, please look at: Paid leave in private industry over the past 20 years from the Bureau of Labor Statistics.
For those interested in such things, the Towers Watson The world’s 300 largest pension funds – year end 2013 report has New Jersey in the upper ranks as far as assets are concerned.
The Great Recession: Moving Ahead (Federal Reserve); Managerial Performance Incentives and Firm Risk During Economic Expansions and Recessions (Brandeis University); The Regulatory Price-Tag: Cost Implications of Post-Crisis Regulatory Reform (Federal Financial Analytics); Europe’s Greater Depression is worse than the 1930s; and The Information Content of Insider Trades around Government Intervention during the Financial Crisis (Stanford).