📄 Rendered from the archive database (the original static capture of this page wasn't kept). Content is complete; styling is simplified.
(09-30-2014 12:53 PM)Dr. Howard Wrote: Marilyn Hewson - Lockheed Martin - makers of the F-35 which pilots describe as the biggest shit pile of a fighter and has been delayed forever http://gerarddirect.com/2013/03/10/uss-f...peasement/ mind you their stock price has about tripled since 2005.
No doubt the F-35 is trying to (poorly) be all things to all warfighters, but as you point out, we should not use Lockheed Martin in this example - their stock has doubled since she took over just over a year and a half ago, after looking pretty flat the 3 years previous; there is an obvious, sustained period of growth at
exactly the time she took over.
Which brings up an interesting idea - sure there are lots of examples where women screw things up but you know the feminists will just say "Well so do some men". The question is, are they MORE LIKELY to screw up than a man is. That will be statistically harder to prove causality and not just show coincidence from handfuls of examples.
Edit - Sonsowey you beat me to it. What you said!
Honestly when it comes to CEOs and companies, it can be dumb luck for certain executives. Look at Lockheed Martin, biig defense contractor which lives on governmental dole.
Yahoo is dead no matter what. Seriously it barely made it out of the dot com bubble and it failed to define itself unlike Google.
Give me a list of companies that female entrepreneurs started and became successful. There aren't any.
(09-30-2014 01:14 PM)Sombro Wrote: I've seen it firsthand where a woman was "parachuted" in to run a corporate department (as opposed to working upward through the ranks).
Inept management style led to massive brain drain.
In 6 months a handful of talent had quit.
I added up their combined experience -- at least 50-60 combined years of experience and knowledge… just walked out the fk'ing door.
(can't blame 'em for leaving though)
/shakes head
This particular corporate property never really recovered and she was gone after doing the damage.
Yes, I've seen. I once worked at one of America's biggest companies. They had an international finance team. One guy had worked his way from manager to director to executive director; he carried the team on his back. New more than anyone in the whole company about international finance. A VP position opened up (which, at this company, was a very senior role...the company was light on titles). At that time, the company was being nagged by Working Mother Magazine about not having enough female execs. So rather than give the promotion to this incredibly qualified guy, they gave it to a much less qualified woman who worked in another finance dept. But not international finance. Now, those of you who've ever tried doing a bond roadshow in another country, or hedging FX, or any of the other things that make international finance unique, you know that you just can't step into it if you aren't inclined that way. This stupid woman- and that's what she was - got scared by foreign accents and was the LEAST internationally inclined person at the company! In addition, she ran out the door at 5 every night to pick up her kids! One thing about working in the international group is that time zones differ, and if you're gonna be on a call w/ Singapore from New York, you might have to it at 8pm (cause its 8am there). I mean, it was the worst promotion ever.
So this really talented guy, who was sick to his stomach at being cheated out of this promotion, quit six months later.
The woman? Demoted not one but TWO levels a couple of years later!
I only really follow the energy industry, one company that has been struggling ever since a female CEO was brought on is Petrobras.
http://m.bbc.com/news/business-26938615
stuff like corruption, bribery etc are very common with these government run organizations in developing nations. Maria das Gracas Silva Foster could have been placed in an unwinnable situation... Then again, the Brazilians could very well elect socialist Marina Silva this week, which would absolutely torpedo Petrobras as we know it. Not like Rousseff was doing great anyways...
Frenchie, Spanx and Theranos are responsible for two self made female multibillionaires.
Also worth noting is that if women are largely promoted on perceived ability to the executive office, trying to artificially raise their numbers through affirmative action will almost assuredly mean the average female CEO performance will decline.
zaqan · 2014-09-30 20:49:00 · #31
All of them?
In my 2+ years in a retail store, we have had one female store manager who had no personality, was mean and condescending to everyone, and had no idea what she was doing (ironic considering her elitism). We also have a female ASM who acts like a complete child, to the point where I show her shiny stuff and toys and she gets all excited. When she gets upset, her mood repolarizes and she throws a tantrum. Then there are the department supervisors, almost all women. Almost all incompetent. One of them my age couldnt handle some stress from a manager and broke down in tears. Actually, I think I may be one of only two male department supervisor in the store. Two of the three managers are men, however. No wonder we are going under. hahaha
tomtud · 2014-09-30 21:26:00 · #32
Female bosses,,,,,the majority of us don't want to work for one..... Even women despise working for one.....someone made a point that Lockheeds stock tripled since a female CEO took over....well, it basically is a quasi government company living off if the contracts the US taxpayer gives.
Look at the mess Argentina is in with a female president, Brazil is on the downswing....Merkel in Germany isn't leading Germans NOR Germany towards prosperity. The British empire was on a downswing ever since a female monarch came into place. Maybe these downswings would've occurred even if a female was at the realm. But there is a correlation to this.
Wayout · 2014-09-30 23:15:00 · #33
Playboy was ruined by a woman CEO. Here's the reference from wikipidea:
Playboy Enterprises was created in 1953 as the HMH Publishing Co., Inc. for the purpose of publishing Playboy. The business quickly expanded and began to develop and distribute a wider range of adult entertainment. It went public in 1971. Christie Hefner, daughter of Hugh Hefner, was the President from 1982, and Chairman of the Board and Chief Executive Officer from 1988, until she left the company in 2009.
The Age reported in October 2008 that, for the first-time ever, Hugh Hefner was selling tickets to his celebrity-filled parties to offset his cash-flow problems due to setbacks Playboy Enterprises has suffered, including decreasing Playboy circulation, decreasing stock value, and ventures that have yet to turn a profit.[8] Christie Hefner released a memo to employees about her efforts to streamline the company's operations, including eliminating its DVD division and laying off staff.[9]
- Sallie Krawcheck: 1) no business being handed CFO reigns of then largest bank in history of the world, 2) no business being handed CEO of the then largest brokerage unit in the world. Both were publicity stunts.
- Erin Callan: no business being named CFO of Lehmann Brothers. Sorry, not qualified.
Yes, maybe both examples are not truly the number one spot, but both positions at the time clearly wielded more power and responsibility than most CEO posts. Both ended miserably. Both were publicity / "feel good morale booster" calls.