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

Trendingnow

1

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

2

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

3

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

1

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

2

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

3

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
NewslettersraceAhead

Black women take more career risks to reach the top. That’s not a good thing

By
Ruth Umoh
Ruth Umoh
Editor, Next to Lead
Down Arrow Button Icon
By
Ruth Umoh
Ruth Umoh
Editor, Next to Lead
Down Arrow Button Icon
June 19, 2024, 10:13 AM ET
black woman in business professional clothing speaking onstage
SAIC's Toni Townes-Whitley is just one of two Black female Fortune 500 CEOs.Mike Coppola—Getty Images
Add Fortune on Google for similar content.

In 2021, white women held 32.6% of managerial positions in the U.S., while Black women held only 4.3%. This year, women run 52 Fortune 500 companies. Black women run just two of them.

Recommended Video

Despite modest female representation progress in senior leadership roles, Black women still face unique barriers to reaching the upper ranks, and their much slower promotion pace has led them to, on average, take more frequent career risks than their white counterparts.

Researchers from Durham University Business School, Cambridge University Judge Business School, Cranfield School of Management, The University of Sydney Business School, and Charles Sturt University reviewed the speeches, backgrounds, and career paths of 757 women leaders of all races and over two centuries to understand their career challenges and how they overcame them. 

The subjects studied came from fields spanning politics, science, and technology and included Black female figures like Rosa Parks, Michelle Obama, and Oprah Winfrey.

While Black women were likelier than white women to take risks to reach the next level of their career across each stage, the study found it to be especially true in the early career stage. Black women in this stage were more likely to take risks to diversify their careers and experience, working in an average of 2.13 sectors, compared to white women who worked in an average of 1.59 sectors. Researchers cited Hazel O’Leary, who was the first woman and Black American to serve as the U.S. secretary of energy from 1993 to 1997 and who engaged in three professional fields: She was a lawyer, politician, and university administrator and excelled in each.

The study also found that as white women’s careers progress, they tend to reduce their risk-taking behaviors, while Black women increase theirs to compensate for career stagnation.

The findings underscore the need for organizations to recognize the distinct experiences and challenges faced by minority female leaders and devise policies and strategies tailored to their unique needs so they don’t feel pressure to take extreme risks to succeed, researchers said. They added that it’s not enough for organizations to take an ad-hoc approach to increasing the number of minority leaders by, for instance, creating promotion opportunities for one particular minority female leader. 

Instead, companies should take a holistic view and facilitate organizational changes that create positive leadership experiences for all employees and elicit more opportunities for minority leaders to emerge. 

“Becoming a successful leader has a very costly barrier for minority leaders…because they are required to take a lot of risk to succeed,” researchers wrote. “If they start to see that problems are resolved and if their experiences become more positive, minority representatives will enter the leadership scene more as the cost of entry will be reduced because they will not need to compensate [for] the lack of change with risk-taking.”

Ruth Umoh
@ruthumohnews
ruth.umoh@fortune.com

What’s Trending

New attack. Congressional Republicans have introduced a bill to ban DEI programs and funding for agencies, contractors, organizations, and schools that receive federal funding. WaPo

MEI. The CEO of Scale AI, the buzzy six-year-old data startup valued at $14 billion, said the company will hire only for meritocracy, writing on X: “There is a mistaken belief that meritocracy somehow conflicts with diversity.”

Witness stand. Alphabet’s CEO testified at the fraud trial of Carlos Watson, cofounder of the Black media startup Ozy Media, that the search giant never planned to buy the company despite Watson allegedly claiming it had offered to do so. Bloomberg

Slouching off. Gen Z workers are fighting against Asia’s rigid corporate structures, citing long hours and inflexible hierarchies as reasons for their dissatisfaction with work. Economist

Legal protections. The Biden administration announced a new policy that would allow DACA recipients who earned higher-ed degrees and are seeking jobs in those same fields to receive work visas. NYT

The Big Think

As persistent labor shortages spur businesses to broaden their applicant pool, a new study from Harvard Business School sheds light on how immigrants can best contribute to their new economies.

The research looked at the wave of migration after the Vietnam War in the late 1980s and early 1990s and found that those immigrants were able to financially outperform their older peers when allowed to work immediately upon arrival and receive placement in the U.S. school system.

Subscribe to the Fortune Next to Lead newsletter to get weekly strategies on how to make it to the corner office. Sign up for free.
About the Author
By Ruth UmohEditor, Next to Lead
LinkedIn icon

Ruth Umoh is the Next to Lead editor at Fortune, covering the next generation of C-Suite leaders. She also authors Fortune’s Next to Lead newsletter.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Newsletters

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 Newsletters

Forget ‘baby bonuses.’ Nobel Laureate Claudia Goldin says birth rates hinge on dependable fathers
NewslettersMPW Daily
Forget ‘baby bonuses.’ Nobel Laureate Claudia Goldin says birth rates hinge on dependable fathers
By Emma HinchliffeJuly 20, 2026
7 hours ago
Coinbase’s big Base mistake offers an important lesson for the crypto industry
NewslettersFortune Crypto
Coinbase’s big Base mistake offers an important lesson for the crypto industry
By Jeff John RobertsJuly 20, 2026
12 hours ago
Middle aged businesswoman talking during a meeting
NewslettersFortune Workplace Innovation
HR has a credibility problem—and it starts with not speaking the language of finance
By Kristin StollerJuly 20, 2026
12 hours ago
C-suite promotions now come with three or more jobs
C-SuiteNext to Lead
C-suite promotions now come with three or more jobs
By Ruth UmohJuly 20, 2026
13 hours ago
‘Harvest now, decrypt later’: Hackers are stealing data they can’t even read yet—banking on quantum computers to crack it later
NewslettersMarkets
‘Harvest now, decrypt later’: Hackers are stealing data they can’t even read yet—banking on quantum computers to crack it later
By Jim EdwardsJuly 20, 2026
14 hours ago
Tarek Mansour, co-founder of Kalshi, in Washington, D.C. on Sept. 29, 2025. (Photo: Kent Nishimura/Bloomberg/Getty Images)
NewslettersFortune Tech
Thanks to $5.7 billion in Kalshi and Polymarket bets, FIFA’s World Cup final may be ‘the largest gambling event in history’
By Andrew NuscaJuly 20, 2026
14 hours ago

Most Popular

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
11 hours ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
2 days ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
7 hours ago
Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard
AI
Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard
By Aaron Walayat and The ConversationJuly 19, 2026
2 days ago
Warren Buffett says his $147 billion investing career was an accident: ‘I may be one of the 10 luckiest in the world’
Future of Work
Warren Buffett says his $147 billion investing career was an accident: ‘I may be one of the 10 luckiest in the world’
By Sarah GlodekJuly 20, 2026
17 hours ago
Red Lobster’s 37-year-old CEO waited tables before joining the C-suite—he says it was a crash course in managing ‘difficult people and situations’
Success
Red Lobster’s 37-year-old CEO waited tables before joining the C-suite—he says it was a crash course in managing ‘difficult people and situations’
By Preston ForeJuly 19, 2026
2 days 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.