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

Trendingnow

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

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

Xbox CEO Asha Sharma
SuccessCareers
Xbox’s CEO spent her early career taking out trash and selling coupon books—she says the secret to her rise was never obsessing over a dream career
By Preston ForeJune 10, 2026
1 hour ago
Boris Cherny, Head of Claude Code
SuccessHiring
The architect behind Claude Code reveals the three things Anthropic looks for in a good hire—and why people with low ego are a must
By Emma BurleighJune 10, 2026
2 hours ago
Meryl Streep says she was ‘ready to retire’ when the call for ‘Devil Wears Prada 2’ came—so she demanded they double her salary or nothing
SuccessThe Promotion Playbook
Meryl Streep says she was ‘ready to retire’ when the call for ‘Devil Wears Prada 2’ came—so she demanded they double her salary or nothing
By Orianna Rosa RoyleJune 10, 2026
2 hours ago
Trump sits at the Resolute Desk with his hands folded
AIImmigration
OpenAI and Nvidia CEOs didn’t flinch at Trump’s $100,000 H-1B visa fee, and now they’re paying up as their application numbers soar
By Jacqueline MunisJune 10, 2026
2 hours ago
knicks
SuccessNew York
‘Knicks in 6. 2026 NBA Finals’: Why did this New Yorker make a prophecy in his 2020 high school yearbook?
By Philip Marcelo and The Associated PressJune 10, 2026
2 hours ago
platner
PoliticsElections
Graham Platner easily prevails over attempts to derail progressive Senate candidacy in Maine
By Patrick Whittle, Kimberlee Kruesi and The Associated PressJune 10, 2026
2 hours ago

Most Popular

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
2 days ago
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
Economy
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
By Nick LichtenbergJune 9, 2026
24 hours ago
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Success
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
By Preston ForeJune 8, 2026
2 days ago
Current price of oil as of June 9, 2026
Personal Finance
Current price of oil as of June 9, 2026
By Joseph HostetlerJune 9, 2026
1 day ago
Current price of silver as of Tuesday, June 9, 2026
Personal Finance
Current price of silver as of Tuesday, June 9, 2026
By Joseph HostetlerJune 9, 2026
1 day ago
Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint
Investing
Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint
By Eva RoytburgJune 9, 2026
19 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.