Throughout our course lesson on Gender and Leadership, it was discouraging to read the findings and implications from previous studies, as compiled through meta-analyses, which confirmed gender stereotypes with regard to the workplace. Women of all workforce settings have the ability to be discriminated against, not just those who achieve a high rank in a corporate company. Women who work as blue-collar breadwinner are discriminated against for performing otherwise masculine labor tasks, as they are so perceived, and even more so when they become the breadwinner for their family. In the corporate setting, and as learned through our course lesson material and according to Sellars (2002), of all of the Fortune 500 companies, only 6 of the CEO are women (Hamel, 2021).
Working as an incoming business consultant for Oracle upon graduation from Penn State this Spring, I have had the opportunity to learn more about outstanding women in business. Through workshops and researching the company’s history and statistics, it was then that I found out about Safra Catz, the current CEO of the company and an outstanding female within the corporate community. Having been involved with the company’s board since 2001, Catz was named a joint-CEO with Mark Hurd when the former CEO and company founder stepped down from his position. Upon learning this fact, I wondered whether this decision to have a joint-CEO power was the result of Catz being a female, and her incumbent company CEO believing that a woman alone could not be the head of the entire tech giant.
While she was serving as CEO during 2020 and after acquiring a major revenue source of several billion dollars for Oracle, Catz became “the 15th most powerful woman in business,” according to Forbes magazine (“The World’s 100 Most Powerful Women 2020,” 2020). This relates to the meta-analysis of all findings from Eagly et al, (1992), Eagly, Karau, & Makhijani (1995), and Eagly & Karau (2002), because they have concluded that women “should be ambitious, but not receive equal treatment” (Hamel, 2021). Through the example of Safra Catz not only being named as a joint-CEO with Mark Hurd, giving her then equal treatment to the power of the company, but also exceeded this achievement to become the sole CEO of Oracle, she has clearly defied this implication.
As explained in the Northouse chapter on this topic, there are three explanations as to why women face a glass ceiling while typically white men ride a glass elevator to the top. One such explanation, regarding human capital differences, states that in contrary, “women are the pipeline, but the pipeline is leaking” (Northouse, 2019). Through Safra Catz’s acquiring of a rivaling tech giant, PeopleSoft, giving $10.3 billion to Oracle. Through this acquisition, Catz has shown that without her force and her capabilities, it is possible that Oracle would never have had this opportunity to acquire such revenue, and defies the current stereotype as presented about the Human Capital differences in the chapter.
Safra Catz has been a leading example for women in business everywhere, but especially for those who wish to earn top ranking spots on globally-renowned lists, such as those set forth by Forbes magazine, the notorious publication for all business and wealth-related stories. Through Catz’s achievements and her ability to single-handedly break the glass ceiling for a notoriously wealthy tech giant corporation, she is a great example of how her first transition to CEO may have been impeded by making her a joint-CEO, she has now proven the ability of a woman to run a company alone.
References
Hamel, R. (2021). Lesson 13: Leadership and Diversity
“The World’s 100 Most Powerful Women 2020.” Forbes, Forbes Magazine, 8 Dec. 2020, www.forbes.com/power-women/#14cf83cd5e25.
Northouse, P.G. (2019). Leadership: Theory and Practice. Los Angeles: Sage Publications.