The Daily Stat from Harvard Business Review

August 13, 2015     Female Execs Are Better Off Working for Female CEOs Male corporate officers working for middle-aged male CEOs earn, on average, $85,880 more per year than their female peers, and female officers working for female CEOs earn more than their male peers (though the gender pay gap in that context is much smaller), say David Newton of Concordia University and Mikhail Simutin of the University of Toronto. Their analysis of thousands of large, publicly traded U.S. companies provides strong evidence that CEOs pay officers of the opposite sex less than officers of their own sex. Moreover, when CEO successions result in changes in gender in chief executive offices, wages of officers are affected in a way consistent with the CEOs’ affording higher wages to officers of the same sex, the researchers say. SOURCE: Of Age, Sex, and Money: Insights from Corporate Officer Compensation on the Wage Inequality Between Genders

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