UK: Women are better at ousting the boss than making money, academics say

Submitted by anthony on Thu, 2009-08-27 15:41

Article here. Excerpt:

'Women on the board can be bad for a company’s coffers but they waste no time in ousting male chief executives who are not up to the job.

The claims by two academics appear to support suggestions this week by Harriet Harman that “men cannot be trusted to run things on their own”. Labour’s deputy leader and Equality Minister has also hinted that the credit crisis could have been prevented if more women had been present on bank boards — the so-called Lehman Sisters effect.

Research in the Journal of Financial Economics found that while female board members behaved more like independent directors, this did not necessarily translate into bigger profits. It said that too much interference from directors could result in a loss of trust and lack of information-sharing, further reducing profitability.'

Like0 Dislike0

Comments

I mean, as compared to actually doing something. I am much better standing in judgment over others than actually going to do something myself.

But I must admit, women do this better than men, as they do all things better than us. Still, I aspire to be as good at it as these women on these boards of directors are. A boy can dream, can't he?

Like0 Dislike0
Submitted by mcc99 on Thu, 2009-08-27 20:11