#GAReads | Female CFOs Brought in $1.8 Trillion More Than Male Peer

photo credit: Amy Hirschi, via Unsplash

“Female CFOs Brought in $1.8 Trillion More Than Male Peer”:

Companies looking for better financial returns should consider a female chief financial officer.

Within the first 24 months of appointing female CFOs, companies saw, on average, a 6% increase in profits and an 8% better stock return, compared to performance under male predecessors. These women brought in $1.8 trillion of additional cumulative profits, according to a study by S&P Global Market Intelligence. The researchers looked at 6,000 companies on the Russell 3000 over the last 17-years.

Read Sonali Basak and Jeff Green’s full article at Bloomberg here…