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:
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?