• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics

3

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics

3

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

A female quota at Davos? Really?

By
Duff McDonald
Duff McDonald
Down Arrow Button Icon
By
Duff McDonald
Duff McDonald
Down Arrow Button Icon
January 14, 2011, 7:06 PM ET

The World Economic Forum is mandating its strategic partners to bring at least one woman with them to Davos. Why have we not gotten there on our own yet?



Pepsi CEO Indra Nooyi will have a bit more female company this year.

I’m not one to normally wade into the arena of gender politics. I’m worried I’ll be too insensitive. Or somehow inappropriate. And at least as far as workplace equality goes, I am inclined to think it’s a topic better left to female journalists. (Is that already inappropriate?)

But news that the 100 corporate “strategic partners” of this year’s World Economic Forum annual meeting in Davos, Switzerland – a group that includes companies like Goldman Sachs (GS), Deutsche Bank (DB), and News Corp. (NWS) — would be required to bring at least one woman among their five delegates to the conference got me thinking. I have a two year-old daughter, so now I have more of a stake in this whole game. Should I be happy for her as a result of this news? Or frustrated that the gender gap is still so wide that a quota is even necessary?

I do think it’s a pretty sorry state of affairs when world economic leaders are running their annual meeting invite-list like a grade school gym class kickball team-selection process (one girl per team on the field at all times!). On the other hand, maybe something had to be done: Women only made up between 9% and 15% of attendees in Davos in the years from 2001 to 2005, and just a shade higher, at 17%, last year. While one in five would seem to be not too much of a stretch with some gentle encouragement, apparently the WEF thought the time for that had passed. In 2011, they’re doing things by diktat.

Is one-in-five the right ratio to aspire to? Fifty-fifty, while perhaps Utopian, unfortunately seems impossible, at least anytime soon. The financial services industry – which makes up a large portion of WEF attendees alongside politicians, the media, and academia – has never been a place that women flock to. In the past ten years, while the number of women in the labor force rose by 4.1%, the female workforce in finance shrank by 2.6%. The likes of Goldman Sachs and their ilk are still male-dominated strongholds, and the gender discrimination lawsuits against them are still ongoing.

And while you occasionally read of some billionaire female Chinese tycoon, women still make up a paltry 3% of Fortune 500 CEOs. Sadly, maybe 20% is higher than the current order of things would even call for. I have no idea. Good thing no one asked me where to set the bar.

The women are smarter?

Here’s a hopeful (if far-fetched) thought: maybe there has been such a high historical percentage of men at Davos because some women choose not to go. (Danger: approaching inappropriateness again…) Seriously. Maybe some women have avoided the annual “big idea” confab because they don’t have as much interest in the preening and navel-gazing as so many men seem to have.

Do their bullshit radars keep them away? Davos, after all, is supposed to address the world’s biggest issues ever year in thoughtful and provocative discussion on issues such as economic growth and financial risk. A lot of good that’s done us of late. This year, its web site says the forum plans to address the issue of “How.” How indeed.

Which women can we hope to see in the Alps — and will they be concerned whether people think they’re only there because their bosses had to invite them? We’ll likely see the regulars: Sallie Krawcheck of Bank of America (BAC), JP Morgan’s (JPM) Heidi Miller and Goldman Sachs’ Abby Joseph Cohen. The quota will provide an opportunity to hear from lesser-known female voices, but that’s only if they overcome the stigma from getting a last-minute, mandated invite.

The bottom line is that if there are high level, meaningful discussions going on about how to fuel global economic growth, women should be at the table. And corporate leaders shouldn’t have to be forced into inviting them to it — by 2011, those leaders should be doing it on their own.

But back to my daughter. Am I excited on her behalf? Truth be told, I’d rather she become a billionaire recycling magnate than get the mandatory nod for an invite to an annual celebration of communal importance. Same way I’d rather she direct a wonderful movie than get invited to the Oscars. First, though, I’ve got to get her on that kickball team.

About the Author
By Duff McDonald
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

elon
SuccessIPOs
SpaceX IPO targets $28.5 trillion total addressable market, mission to ‘make life multiplanetary’ and understand ‘true nature of the universe’
By Nick LichtenbergMay 20, 2026
29 minutes ago
Jensen Huang, chief executive officer of Nvidia
AINvidia
Nvidia gets tepid reaction to forecast, boosts investor rewards
By Ian King and BloombergMay 20, 2026
51 minutes ago
SpaceX finally files IPO prospectus, reveals revenue is up–but losses are too
Big TechSpaceX
SpaceX finally files IPO prospectus, reveals revenue is up–but losses are too
By Allie GarfinkleMay 20, 2026
1 hour ago
Elon Musk sits with his fists together, looking up.
Commentaryspace
SpaceX will be worth trillions, but the space station that made it possible is worth even more — if we don’t squander it
By Tejpaul BhatiaMay 20, 2026
1 hour ago
Antler CEO Magnus Grimeland says Silicon Valley doesn’t have a monopoly on tech: ‘People can innovate from almost anywhere’
AsiaAsia Agenda
Antler CEO Magnus Grimeland says Silicon Valley doesn’t have a monopoly on tech: ‘People can innovate from almost anywhere’
By Angelica AngMay 20, 2026
1 hour ago
Clinical Psychologist Daniel Wendler
ConferencesWorkplace Innovation Summit
A ‘proudly autistic’ workplace expert says putting neurodivergent employees in a typical office is like dropping a polar bear in Austin, Texas
By Tristan BoveMay 20, 2026
2 hours ago

Most Popular

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
1 day ago
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Future of Work
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
By Mike Householder and The Associated PressMay 17, 2026
3 days ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
8 days ago
Current price of oil as of May 19, 2026
Personal Finance
Current price of oil as of May 19, 2026
By Joseph HostetlerMay 19, 2026
1 day ago
Spirit Airlines apologizes to all the Americans who can't afford any summer vacation flights as it shuts down
Travel & Leisure
Spirit Airlines apologizes to all the Americans who can't afford any summer vacation flights as it shuts down
By Rio Yamat and The Associated PressMay 18, 2026
2 days ago
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
7 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.