The Blubber

Per Bloomberg

Eight years ago, the S&P 500 had more people named John leading companies within the index. Now, there were reportedly more women leading S&P 500 companies compared to the CEOs named John within the index.

It was reported that 41 women are now running S&P 500 companies, surpassing for the first time companies with CEOs named John. This was analyzed by a Stanford University economics doctoral student, Lauren Harris, who inititated the story out of "morbid curiosity" and as a recent class project.

Bloomberg then heard about the research and decided to apply data to see the results. In 2018, female CEOs were able to outnumber any single male name in the S&P 500 but tied with James in 2019.

Cummins CEO Jennifer Rumsey said there was still a long way to go and said that she was CEO because she was the right person for the position. She also cited different questions usually being asked to her.

Rumsey: “This question, how does it feel to be a woman in this role, can cause you to question sometime: Do people think I got this role because I’m a woman? Am I confident in myself? What are other people thinking of me?... I’m CEO because I’m the right person for the role at this time for Cummins.”

It was also recently reported that single women owned and occupied more homes compared to single men in the US. In Florida, it was reported that over 850,000 homes were owned by single women compared to the over 590,000 homes owned and occupied by single men.

Aside from owned homes, it was also found that almost half of the opposite-sex marriages saw women earn equal or more compared to their husbands. However, in 55% of opposite-sex marriages, it was noted that men still outearned women.

See flow at unusualwhales.com/flow.

Other News:

• Single women own and occupy more homes than single men in the US
• Almost half of the opposite-sex marriages see women earning equal or more than their husbands

Resources:

Bloomberg