Less than 40 women were given big corporate jobs in January, 2012, a dissappointing start to the year and a continuation of the downward trend we have seen since last November. Companies who did appoint women to big jobs included IBM who appointed Bridget Van Kralingen (pictured) Senior Vice President of IBM Global Business Services, their consulting group. Also appointing women to big jobs were Walgreens, KPMG, Vanguard, Netflix, JCPenney, ALlianz Life Insurance, Wells Fargo, Dell, QVC, Rite Aid, PWC, Virgin America, and Xerox.
Women entrepreneurs fared better, with 9 companies raising $46.8 million in new funding during January. I was also impressed with the variety of companies where innovative thinking led to these new business opportunities. With Fashion Week in New York, we are reminded of the tradition of women being innovative. Innovation is the new black!
We need to apply some of that innovative thinking to the corporate world. Innovation leads to new jobs, new kinds of companies, and more productivity. It also leads to new approaches in education, and healthcare. Innovation is the solution to all our economic woes and to the issues facing women today. Year after year we see the same old studies that give us disappointing stats on executive advancement, we read the same old power lists, and the same old best company to work for lists. These tools were important in the past, but are they having an impact now? Do we have proof that anyone read them and took action? We need action! We need to innovate in our approach to these issues to get more progress. The British Prime Minister, David Cameron, in a recent speech pointed out that fewer women in top jobs is undermining Britain’s economic recovery and he thinks Britain can learn from Europe's use of quotas. I believe innovation is a better answer than quotas, although I am not opposed to quotas if they get the job done. After the financial crisis, noone can argue that men do the jobs better!


