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Feminist News


Women Executives Earning More, But Not As Much As Male Counterparts

Though women continue to earn only 71 one cents to the male dollar, women executives are making some headway. A new Working Women Magazine report has found that the twenty highest paid female executives all earn over $1 million. Last year, only seven of the twenty highest paid women executives earned $1 million or more. The highest paid woman, Linda Wachner, earns $11.16 million for heading Warnaco-Authentic Fitness. Carol St. Mark, President of Pitney Bowes Business Services, rounds out the top twenty with $1.33 million. Even in executive positions however, women still earn less than men. According to Businnessweek Magazine's list of top twenty executives, Lawrence Coss earned $65.5 million in salary and bonuses for heading Green Tree Financial. And Wayne Calloway rounded up the top twenty by earning $11.20 million for heading up Pepsi Co.

Media Resources: Los Angeles Times - December 17, 1996