Within the S&P 500, feminine CEOs’ median pay is increased than their male counterparts.
However there may be rather more to the story.
The CEO Pay Hole
Seeing median CEO pay ascend, and median feminine pay stay increased, we would conclude that feminine CEOs are inclined to earn greater than males:
The issue is the mathematics.
As a result of the ladies’s median was primarily based on far fewer folks than the boys’s, the numbers have been deceptive: 
Additional displaying the S&P 500’s dismal gender numbers, researchers did a James and John CEO depend to indicate that it exceeded the variety of feminine CEOs within the index till final 12 months:
On the identical time, we do discover extra ladies main human sources and authorized departments. However the head of human sources is the bottom paid amongst most corporations’ excessive executives whereas the second lowest paid is the chief authorized individual.
Our Backside Line: Grasping Jobs
In an interview with economist Steve Levitt, Nobel economics laureate Claudia Goldin informed us extra concerning the gender pay hole. She mentioned one cause was “greedy work” that includes lengthy hours, being “on call,” going out with purchasers, possibly 60-to 80-hour weeks. Typical at high regulation corporations, for consulting, and in finance, grasping jobs paid probably the most. Nonetheless, many ladies have household obligations that forestall them from taking grasping jobs.
Returning to the place we started, male CEOs can do “greedy work.” Or as a NY Instances journalist tells us, “Women don’t step back from work because they have rich husbands. They have rich husbands because they step back from work.”
My sources and extra: Because of Axios’s Emily Peck for alerting me to CEO pay hole anomalies. From there, Axios and Morningstar had extra element. However for the whole rationalization of the pay hole, I hope you’ll return to this econlife with our abstract of Claudia Goldin’s analysis and to this NY Instances article.
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