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Even women who beat the odds and rise to the C-suite face a familiar foe in the corner office—the pay gap.

Although female CEOs at the largest U.S. companies now earn as much or more than their male counterparts, women just one rung down on the corporate ladder often earn less than their male colleagues, according to an analysis of 2018 proxy filings by ISS Analytics, a unit of Institutional Shareholder Services.

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