June 26, 2014
If a Firm Declines Under a Female or Minority CEO, a White Male “Savior” Will Soon Arrive
When Fortune 500 companies are performing weakly, white women and people of color are more likely than white men to be promoted to CEO, say Alison Cook and Christy Glass of Utah State University. But if these leaders’ tenure is marked by declining performance, they are likely to be replaced by white men, a phenomenon the researchers term the “savior effect.” In only 4 of 608 transitions over 14 years was a woman or minority appointee succeeded by another woman or minority CEO.
SOURCE: Above the Glass Ceiling: When Are Women and Racial/Ethnic Minorities Promoted to CEO?
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