It is depressing some companies prevent women from receiving promotion. Especially to the executive rankings, within their corporation. But the tragic fact is that women who are becoming more involved and pertinent in industries have rarely been in the executive ranks. Women in most corporations encompass under 5% of board of directors and corporate officer positions.
I thought that having more women in senior management was supposed to mean the end our macho work culture? The one that puts profit ahead of every other consideration? It hasn’t operated that way at Grant Thornton. There, the partners have defenestrated their chief executive, Sacha Romanovitch.
For taking her eye off the ball as she pursued what they deemed to be her “socialist agenda”. Appointed in 2015 she brought the company into the 21st century. For example, Romanovitch had capped her own salary and pioneered a scheme to give all staff and not only the partners a share of the profits. Aggrieved partners then leaked stories about her to the press.
I detect a double standard.
The treatment of women
The Grant Thornton old guard would never have treated a man so badly. There are parallels here with the way that Barbara Judge was thrown out as chair of the Institute of Directors. This happened in a storm of rumour, innuendo and press tittle-tattle. It’s all very well talking about gender balance. But the seemingly routine mistreatment of top female executives shows we are not there yet. Indeed:
Change can only be made if organisations start to listen, recognize and devise solutions that will address the barriers that women and other minority groups face. Such steps will go a long way to developing a robust pipeline of diverse talent.
Never has the following quote resonated so much:
“You will be defined not just by what you achieve, but by how you survive.”―Sheryl Sandberg
What do you think? Why not leave a comment below?