Just 9% of Chief Executive and Chairperson positions in financial services sector held by women

More of the usual whingeing. Our thanks to Jeff for this. What can we say in response? Perhaps:

Oh dear. How sad. Never mind.

An extract from the press release:

“Given recently reported research by EY that women account for 45% of people
sitting on the boards of the UK’s top listed banks, asset managers, fintech companies
and insurance firms, the data suggests that women who do rise to senior levels within
financial services firms are more likely to hold non-executive positions (which
typically do not have internal management responsibilities) than be the key
decision-makers.”

Well, that’s a relief, at least. We wouldn’t want women to be “key decision-makers”, would we, given their dire track record on company boards? They’re better suited to well-paid cushy unnecessary positions without “internal management responsibilies”. That said, even as NEDs they have (predictably) a negative impast on corporate financial performance, as Campaign for Merit in Business has been highlighting since 2012. The evidence of a causal link between increasing gender diversity on boards and corporate financial decline is here.

We wouldn’t expect a (male) soccer team to be improved by the inclusion of female players, would we? To expect otherwise is as ridiculous and laughable (let’s just admit it, as silly) as expecting companies to perform better with the inclusion of more women on their boards. Which is why we have a related website, Laughing at Feminists.

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2 thoughts on “Just 9% of Chief Executive and Chairperson positions in financial services sector held by women

  1. I know this sounds like a digression but bear with me…

    In sewage treatment and water processing — a sector vital to every household — there are about 35,000 workers. Fewer than 5% are women, around 1,750 in total. If women made up even 30% of the workforce, that would mean an extra 8,750 jobs for women.

    I chose 30% because that’s already the share of female managers and directors in the same industry — though very few of them have ever done the work on the ground.

    Now compare that with finance. There are only about 1,115 Chief Executives and Senior Officials in the entire sector. Even if women held 75% of those posts, it would create only an extra 736 jobs for women.

    So: thousands of jobs could be opened up by encouraging women into sewage treatment but only a few hundred by chasing boardroom seats in finance. Yet feminists obsess over the latter. Why? Because it’s not about ordinary women at all. It’s about rich girls scrambling for a few prestigious chairs without working their way up, while ignoring the jobs that actually keep society running.

    The ordinary woman who simply wants to work, or have a family, is nowhere in the feminist agenda.

    (Source: UK Office for National Statistics, Annual Population Survey, NOMIS.)

    Liked by 1 person

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