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4 Reasons for More Female Bosses
 

M Friedman's picture
(King Kong, 1,007
 
Points)
 on 9/24/12 at 6:30pm
4142077372.jpeg

Look, I know there is enough machismo on this site to pump-up the whole New England Patriots locker room. But to be completely honest, I really enjoy working under women. On similar note, I also enjoy working in offices that have a higher female to male ratio. For whatever reason, when there are more women around, I tend to stay away from the usual office clicks and messy politics.

More importantly, all my female bosses have always been empathetic my all-nighters and even more motivating during those late-night, shiny-eyed hours. More than their male counter parts, I always thought that these women were able to demand high quality work without being complete dicks about it. Does anyone else feel this way?

Recently, McKinesy & Company published a report for the Wall Street Journal titled Unlocking the Full Potential of Women in the US Economy. In this report, McKinesy seems to agree with me. It appears that having women in the workplace seems to benefit even the most chauvinistic of males. I know there are be many doubters, so here are four great reasons why we should all have more women bosses:

McKinesy & Company:

1) Catalyst, the U.S. non-profit focused on expanding opportunities for women in business, continues to deliver research on the relationship between the representation of women on boards of directors and corporate performance. In its 2011 research, Catalyst found a 26% difference in return on invested capital (ROIC) between the top-quartile companies (with 19-44% women board representation) and bottom quartile companies (with zero woman directors).

2) When the McKinsey Women Matter team asked business executives globally what they believe the most important leadership attributes are for success today, each of the top four—intellectual stimulation, inspiration, participatory decision-making and setting expectations/rewards—were more commonly found among women leaders.

3) Reviewing about 100 companies in McKinsey’s Organizational Health Index (OHI), we found that companies with three or more women in top positions (executive committee or boards) scored higher than their peers. OHI measures nine factors, ranging from external orientation to coordination and control, that are linked to well-functioning organizations. Companies with a high score across the nine metrics of organizational health (in the top quartile) have also shown superior financial performance.

4) In the 2010 McKinsey Centered Leadership research, we found that more than 90% of the women and men who mastered each of the five leadership dimensions felt equipped to lead through today’s challenges compared to only 21% of those who mastered none.

So what do you say monkeys, we need more women on running Wall Street, right?

See my WSO blogs here.
Tags:

Comments

Anacott_CEO's picture

I like "working" under women

CF
(King Kong, 1,259
 
Points)
 on 5/14/12 at 9:36pm

I like "working" under women too.

dogboo's picture

Anacott_CEO: I like "working"

 
Points)
 on 5/14/12 at 9:42pm
Anacott_CEO:

I like "working" under women too.

^ Beat me to it

AndyLouis's picture

chat from my female friend

 
Points)
 on 5/14/12 at 9:44pm

chat from my female friend after seeing this post:

ec: women should rule the world
that's a fact
there would be no wars
just silent treatment

me: silent treatment?

ec: after some shouting
yes, ignoring each other
until u get over it
margaret thatcher is the example that makes the rule

WSO's COO (Chief Operating Orangutan) | My story | Connect with me on Linkedin.

2013 WSO Conference

SonnyZH's picture

dogboo: Anacott_CEO: I like

HF
 
Points)
 on 5/14/12 at 9:47pm
dogboo:
Anacott_CEO:

I like "working" under women too.

^ Beat me to it

Same here! Oh man.

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.

West Coast rainmaker's picture

It's hard to say, I have had

ER
(Neanderthal, 2,071
 
Points)
 on 5/14/12 at 10:38pm

It's hard to say, I have had good and bad bosses of both genders. I don't think it really matters in an ibank...the industry attracts the same personalities across genders.

Annabeth's picture

Work environments with

O
(Chimp, 11
 
Points)
 on 5/14/12 at 10:38pm

Work environments with members of both genders have the best balance. I once worked in all-women environment, and the constant bitchiness, back-stabbing and grudge-holding (which I naively hadn't expected!) took the fun out of the job. Turnover was very high.

"The light at the end of the tunnel may be you."
--Steven Tyler

JulianRobertson's picture

I tend to stay away from the

IA
 
Points)
 on 5/14/12 at 10:43pm

I tend to stay away from the usual office clicks and messy politics

I have found just the opposite, that more women manager tend to create rather than reduce cliques and politics. I guess it depends on your firm's culture though.

melvvvar's picture

women managers as a rule

(King Kong, 1,693
 
Points)
 on 5/14/12 at 10:49pm

women managers as a rule fucking suck.

\thread

Human's picture

Had female supervisors as

PE
(King Kong, 1,891
 
Points)
 on 5/14/12 at 10:57pm

Had female supervisors as well. Don't think it makes a difference. People get promoted for their performance. And once any analyst (both men and women) reach MD level, they are all the same. Previously, I also interviewed with female MDs for jobs, they are as hardcore/ruthless as male MDs in grilling the shit out of you. Absolutely no difference.

"I am the hero of the story. I don't need to be saved."

newfirstyear's picture

We used to have a female MD

ER
 
Points)
 on 5/15/12 at 12:24am

We used to have a female MD who would bring all the Analysts breakfast twice a week and generally look after the analysts like a mother figure. She even had 3 analysts at her house for christmas dinner as they couldn't go home.

Generally, everyone was willing to work harder for her than anyone else.

Macro Arbitrage's picture

I must admit that to date I

HF
(King Kong, 1,369
 
Points)
 on 5/15/12 at 12:24am

I must admit that to date I have consistently failed to evade office politics when reporting to female managers. Fucking whores...

"I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine."

Virginia Tech 4ever's picture

AndyLouis: chat from my

EN
(Neanderthal, 2,319
 
Points)
 on 5/15/12 at 12:34am
AndyLouis:

chat from my female friend after seeing this post:

ec: women should rule the world
that's a fact
there would be no wars
just silent treatment

me: silent treatment?

ec: after some shouting
yes, ignoring each other
until u get over it
margaret thatcher is the example that makes the rule

The irony is that if women ruled the world we'd probably have much more war.

But to be completely serious, however, female rulers from Queen Elizabeth to Queen Victoria to Margaret Thatcher to Hillary Clinton (as Sec. of State) to Cristina Fernadez--you see no real dropoff in levels of war/violence. A woman becomes a global or natoinal leader because she exhibits the traits of powerful males--aggression, decisiveness, egomania, and in some ways ruthlessness. The Legally Blonde type chick is not the type of woman who rules over mankind.

go.with.the.flow's picture

wish i had some monkey shit

EN
(King Kong, 1,109
 
Points)
 on 5/15/12 at 1:17am

wish i had some monkey shit to throw at OP....ive had my share of female bosses. I have nothing against them personally, but most times they would overcompensate and act like complete bitches

|| But feeling good and enjoying life are prerequisites to success, not by products of it- Midas Mulligan Magoo ||

labanker's picture

I have only worked for one

PE
(Orangutan, 328
 
Points)
 on 5/15/12 at 1:43am

I have only worked for one female boss in my finance tenure, thus I only have the following anecdotal evidence:

So I'm a first year analyst sitting in a management presentation for this sellside deal we're working on. The VP on the deal is a female - and a pretty smoking one at that. Half-asian, half-white, got her hair pulled back all professional-like, wearing a nice little purple button-up shirt. I'm on the same side of the table as her, a couple seats over. The CEO is droning on about god knows what - some shitty new product line or something. The VP chimes in with a comment - raising her arm ever so slightly in the process. All of a sudden my tit radar goes wild. What is this? WHAT IS THIS? An ever-so-slight gap has formed between the buttons on her shirt right in the money zone? Unfortunately, I'm just out of range for a perfect view. I fidget in my chair, trying to get in the optimal viewing position. She gives me an annoyed look like "what the fuck are you doing?" I quickly flip a page in the management presentation, punch some random keys on my HP-12C and furrow my brow. Decoy successful - she looks back at the droning CEO. I slyly rotate in my Office Depot standard issue conference room chair - a little more, a little more...BAM - there it is. I lock in that glorious mammary flesh cupped ever so gently by a lacy black brassiere. She moves, erasing the gap in her shirt but it's too late - the image is locked in - saved in the memory bank for a more "appropriate" time. I push back in my chair with smug satisfaction, thinking to myself, you may be able to make me do comps, but I'm going to beat off to your side boob.

Or so it goes...

Futures Trader Man's picture

labanker: I have only worked

IB
(Orangutan, 299
 
Points)
 on 5/15/12 at 1:47am
labanker:

I have only worked for one female boss in my finance tenure, thus I only have the following anecdotal evidence:

So I'm a first year analyst sitting in a management presentation for this sellside deal we're working on. The VP on the deal is a female - and a pretty smoking one at that. Half-asian, half-white, got her hair pulled back all professional-like, wearing a nice little purple button-up shirt. I'm on the same side of the table as her, a couple seats over. The CEO is droning on about god knows what - some shitty new product line or something. The VP chimes in with a comment - raising her arm ever so slightly in the process. All of a sudden my tit radar goes wild. What is this? WHAT IS THIS? An ever-so-slight gap has formed between the buttons on her shirt right in the money zone? Unfortunately, I'm just out of range for a perfect view. I fidget in my chair, trying to get in the optimal viewing position. She gives me an annoyed look like "what the fuck are you doing?" I quickly flip a page in the management presentation, punch some random keys on my HP-12C and furrow my brow. Decoy successful - she looks back at the droning CEO. I slyly rotate in my Office Depot standard issue conference room chair - a little more, a little more...BAM - there it is. I lock in that glorious mammary flesh cupped ever so gently by a lacy black brassiere. She moves, erasing the gap in her shirt but it's too late - the image is locked in - saved in the memory bank for a more "appropriate" time. I push back in my chair with smug satisfaction, thinking to myself, you may be able to make me do comps, but I'm going to beat off to your side boob.

Or so it goes...

AHAHAHAHAHAHAHAHAHAHAHAHAHAHA

"Well, you know, I was a human being before I became a businessman." -- George Soros

filenotfound's picture

Or maybe it's just the women

(Chimp, 14
 
Points)
 on 5/15/12 at 1:57am
MoneyTalksMonkeysWalk's picture

labanker: I have only worked

(Monkey, 43
 
Points)
 on 5/15/12 at 1:57am
arant's picture

labanker: I have only worked

(Monkey, 61
 
Points)
 on 5/15/12 at 3:16am

Simplicity is the highest form of sophistication ~ Leonardo da Vinci

Maherj1's picture

Have to completely disagree

O
(Baboon, 165
 
Points)
 on 5/15/12 at 3:41am
melvvvar's picture

labanker: I have only worked

(King Kong, 1,693
 
Points)
 on 5/15/12 at 7:22am
BlackHat's picture

labanker: I have only worked

HF
 
Points)
 on 5/15/12 at 7:43am

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

mariak1's picture

My experience with them has

(Chimp, 7
 
Points)
 on 5/15/12 at 8:01am
In The Flesh's picture

I think what we need is more

HF
(Neanderthal, 2,792
 
Points)
 on 5/15/12 at 8:11am

Head of Metal Website: www.headofmetal.com

https://twitter.com/headofmetal2012

mariak1's picture

In The Flesh: I think what we

(Chimp, 7
 
Points)
 on 5/15/12 at 8:22am
M Friedman's picture

labanker: So I'm a first year

(King Kong, 1,007
 
Points)
 on 5/15/12 at 8:39am

See my WSO blogs here.

Anacott_CEO's picture

M Friedman: labanker: So

CF
(King Kong, 1,259
 
Points)
 on 5/15/12 at 9:16am
UFOinsider's picture

AndyLouis: women should rule

O
(Human, 10,300
 
Points)
 on 5/15/12 at 10:00am

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

smikal's picture

I prefer male bosses. I have

(Chimp, 10
 
Points)
 on 5/15/12 at 10:07am
UFOinsider's picture

smikal: Females [bosses] ...

O
(Human, 10,300
 
Points)
 on 5/15/12 at 10:27am

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

AndyLouis's picture

more from my female

 
Points)
 on 5/15/12 at 12:07pm

WSO's COO (Chief Operating Orangutan) | My story | Connect with me on Linkedin.

2013 WSO Conference

UFOinsider's picture

AndyLouis: more from my

O
(Human, 10,300
 
Points)
 on 5/15/12 at 2:37pm

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

Johnny Ringo's picture

Female bosses in a male

HF
 
Points)
 on 5/15/12 at 4:07pm

Eventus stultorum magister.

In The Flesh's picture

Really, I don't think it has

HF
(Neanderthal, 2,792
 
Points)
 on 5/15/12 at 7:57pm

Head of Metal Website: www.headofmetal.com

https://twitter.com/headofmetal2012

Virginia Tech 4ever's picture

n/a

EN
(Neanderthal, 2,319
 
Points)
 on 5/15/12 at 9:00pm
Scott Irish's picture

What's Colonel Jessup's line

O
(Orangutan, 368
 
Points)
 on 9/24/12 at 6:56pm
sayandarula's picture

labanker: I have only worked

O
(King Kong, 1,812
 
Points)
 on 9/24/12 at 7:06pm

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

Tommy Too-toned's picture

If there's anything to take

(Gorilla, 505
 
Points)
 on 9/24/12 at 7:10pm
E-dizzle's picture

labanker, you are so full of

 
Points)
 on 9/24/12 at 7:16pm
bankerella's picture

This is a McKinsey study. I

IB
(King Kong, 1,863
 
Points)
 on 9/24/12 at 7:24pm

See my other WSO blog posts

rufiolove's picture

sayandarula: labanker: I

IB
(Neanderthal, 3,218
 
Points)
 on 9/24/12 at 8:39pm

1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...

rufiolove's picture

bankerella: This is a

IB
(Neanderthal, 3,218
 
Points)
 on 9/24/12 at 8:41pm

1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...

GS's picture

rufiolove: sayandarula: l

ST
 
Points)
 on 9/24/12 at 9:21pm
rufiolove's picture

GS: rufiolove: sayandarul

IB
(Neanderthal, 3,218
 
Points)
 on 9/24/12 at 9:46pm

1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...

Scott Irish's picture

Bankerella, the GMAT quip is

O
(Orangutan, 368
 
Points)
 on 9/24/12 at 10:36pm
sayandarula's picture

rufiolove: sayandarula: l

O
(King Kong, 1,812
 
Points)
 on 9/25/12 at 2:16am

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

rufiolove's picture

sayandarula: rufiolove: s

IB
(Neanderthal, 3,218
 
Points)
 on 9/25/12 at 2:20am

1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...

huanleshalemei's picture

labanker: I have only worked

(Gorilla, 511
 
Points)
 on 9/27/12 at 1:24pm

The Auto Show

labanker's picture

huanleshalemei: Believe or

PE
(Orangutan, 328
 
Points)
 on 9/27/12 at 4:12pm
huanleshalemei's picture

labanker: Wait a minute.

(Gorilla, 511
 
Points)
 on 9/27/12 at 11:14pm

The Auto Show

labanker's picture

huanleshalemei: Take easy

PE
(Orangutan, 328
 
Points)
 on 9/28/12 at 1:06pm

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