Fortune Magazine's annual Most Powerful Women list arrived on newsstands last week. With it comes inevitable chatter from the business press about who is in and who is out, who moved up a few notches and who has been knocked down a few pegs. And yet, perhaps what is most striking about the list is not the jockeying among the boldface names. Rather, it is the fact that even amid a lingering financial crisis that has highlighted poor governance and the scarcity of senior women at big corporations, the total number of women CEOs in the Fortune 500 is only 15, up from just two when the list debuted in 1998.
Indeed, at a time when women have gained more standing in politics and society, they have not made equal progress at the top of corporate America. Women comprise half of the workforce but hold only 16% of the board seats in Fortune 500 companies. More than 10% of those companies have no women serving on their boards.
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