Male CFOs Paid More than Females

GMI Ratings analysis of salaries of 1,900 U.S. finance chiefs finds men earn 16% more.

Male chief financial officers at U.S. companies are paid an average of 16 percent more than their female counterparts of similar age at companies with comparable market values, according to a study.

The report by New York-based GMI Ratings, a corporate governance consulting firm, is based on an analysis of salaries of more than 1,900 CFOs at Russell 3000 Index companies with a market value of $100 million to $25 billion in 2010. About 150 of the CFOs were women.

Other Factors

She said the problem may be exacerbated by a lack of women on company boards who could advocate for female executives.

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