On Kirton McConkie’s (Lack of) Women Shareholders

The other night, I was listening to the most recent Slate Money podcast. In its second segment, the hosts talked about the recent gender pay report in the United Kingdom. They specifically mentioned about Goldman Sachs and Condé Nast, both of which, it turns out, have a pretty sizeable gender pay difference.[fn1]

There are undoubtedly many reasons why men’s income was significantly higher than women’s, but the podcast highlighted one in particular: high earners. At Goldman, women make up only 17% of the top quartile by income. At Condé Nast, there are more women at every income quartile, but it appears that incomes are skewed by the top 5%; in fact, the five-person executive committee is entirely men. [Read more…]