In all this Wall Street end-of-days mess, there is some
good news about women and finance: Fortune Magazine's 11th annual list of the 50 Most Powerful Women in Business
is the most competitive to date. Indra Nooyi
, the CEO of PepsiCo, held the number one spot for the third year in a row. Eight new women were added to the list this year, which is ranked based on the size, importance and health of the business as well as the contender's career momentum and social influence. New faces include Lynn Elsenhans
of Sunoco, who is the first woman to head a major U.S. oil company, and Google's Marissa Mayer
, who at 33 years old, is the youngest woman to ever make the list.
But powerful women still lag behind their male counterparts. Sharilyn Gasaway
, CFO of Alltell, was the list's top earner; she brought home $38.6 million last year. In 2007, Steve Schwarzman, CEO of Blackstone, topped Forbes' list of most powerful men in business, with earnings of $350.7 million. And even the 25th-ranked guy on the list earned millions more than the top female earner.
So even though these women are definitely making way more than we'll ever see in our lifetimes, they still aren't measuring up to their male counterparts. Tell us:
Do you think women will ever catch up? What's keeping women so far behind?