Powerful men are still not sold on the whole "workplace diversity" thing, apparently. Despite data showing that companies with a high percentage of female board directors routinely outperform male-dominated boards, a recent PwC survey found that just 24 percent of male directors believe board diversity improves a company's performance, compared to 89 percent of female directors. Similarly, only 38 percent of men think diversity improves board effectiveness, compared to 92 percent of women, the Washington Post reports.
Female directors currently hold just 20 percent of all board positions at S&P 500 companies.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
August 9 editorial cartoonsCartoons Saturday's political cartoons include snake oil salesmen, Ghislaine Maxwell's new residence, and more
-
5 hastily redrawn cartoons about redistrictingCartoons Artists take on Donald Trump's draughtsmanship, the White House ballroom, and more
-
Bonnie Blue: taking clickbait to extremesTalking Point Channel 4 claims documentary on the adult performer's attention-grabbing sex stunts is opening up a debate
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
