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Wednesday
Dec302009

Fortune 500 Female CEOs May Outperform Market

RedTracker| The stock performance of America’s 13 Fortune 500 companies led by women rebounded an average of 50% against an S&P average gain of 25% for the remaining 487 companies. The year also saw Ursula Burns become the first African America CEO of a Fortune 500 company at Xerox.

Looking deeper into the figures (as I always do), I find the performance somewhat misstated. The results appear heavily skewed by Rite Aid, a stock that ‘rebounded’ 387.1% to close the year at $1.51. In all honesty, just eyeballing the numbers, if we take out Rite Aid, the performance for the other 12 appears close to the market. Take a look for yourself. via USA Today