Is Berkshire Hathaway A Slow Process? Essay

"In 1950 about one in three women participated in the labor force. By 1998, nearly three of every five women of working age were in the labor force" (Heatherfield, n.d., para. 4). In 2008, the U.S. Department of labor estimates that women will make up 48% of the workforce (Heatherfield, n.d., para. 6). As the number of women in the workforce rises so do the numbers of women who hold higher titles such as Chairman, CEO, Vice Chairman, President, Chief Operating Officer, Senior Vice President, and Executive Vice President. This number has increased from 7.3% in 2000 to 9.9% in 2002 (Diversity statistics, 2006).

Over the past few decades, great strides have been made by women in the workplace. This increased number in women in the workplace does not mean equality however. Even with equal qualifications and achievements, women are still not given all the opportunities that men have. The chapter in the textbook, “Gender at Work”, shows us more of these inequalities in the workplace. Such inequalities cause gender segregation of jobs and can be linked with the pay inequality in the labor force. Even in jobs that are predominantly filled by women, men earn more than women. Women are often stereotyped as being family focused and not as able to travel, therefore they tend to get passed up for promotions (Garson p.353). This invisible barrier that keeps women from moving up the executive ladder is referred to as the “glass ceiling” (Baxter and Wright p. 346). Women also tend to do more domestic work, or unpaid labor and caregiving. This extra unpaid work is referred to as “the third shift” and is largely rested on the shoulders of women (Gersel p. 352). Consequently, this seems to be one of the biggest things holding women back from taking on jobs that are normally considered male

In the United States, study after study continues to show that women have fewer opportunities to advance in the workplace than men. These disadvantages are a result of society’s views of women in leadership positions and how women may view themselves in these roles. Women have been making progress in terms of equality in pay and job positions, but significant gaps remain. Women who strive to be promoted into higher levels of responsibility in their companies often meet resistance that prevents them from achieving the goal of a senior or executive level of management. This barrier is referred to as the “glass ceiling” and it is a controversial issue in our country today. The glass ceiling called this because women are able to see the higher level positions, but can reach them because of an intangible barrier. One can look at the Fortune 500 companies, which are the most successful companies in the U.S. in terms of revenue to see how few women are in leadership positions. Clearly, women are significantly underrepresented in these companies, as less than 5 percent of these companies have female chief executive officers (CEO) today (Dockterman 105). Providing the opportunity for women to move into management positions, like CEOs, would bring a unique talent and a new perspective on how the company can operate to perform better (Buckalew 147). The “glass ceiling” is a real obstacle that creates an intangible barrier that puts women at a disadvantage in advancing in a company.

Diversified investments, property and casualty insurance, Utilities, Restaurants, Food processing, Aerospace, Media, Toys, Automotive, Sporting goods, Consumer products, Internet, Real estate.

Meaning women have additional problematic issue then man. For example in education women face more obstacles as faculty rather when in manager and directors in corporate America. Even though there been great progress in the workplace, most jobs are segregated by sexes. There is wag gaps, the average women have to work roughly 4 months extra every year to make the same wage as man. For example, when the educational attainment increases the gender pay decreases for women no matter what levels of education than men. In other words, women earn 77cents for every dollar man earn and put in their pocket (Benokraitis, 2010, p.160-161). Discrimination where both woman and man share in the workplace is the glass ceiling and glass escalator. The glass ceiling being, “women efforts to scale organizational and professional hierarchies but cant because they are constrained by invisible barriers to promotion in their careers, caused mainly by sexist attitudes of men in the highest position” Similarly, men that choose to go into position like nurse and librarians encounter the glass escalator mostly vituperative criticism from the public when they are in the most female-identified specialties” “Therefore man are pressured to move out of the most female-identified areas, and up to those regarded as more legitimate and prestigious for men” (Williams, 1992, p.

The “Glass Ceiling” is known as an invisible barrier that stops someone from gaining more success. In this case it deals with women in the workplace, not being able to move up in a company. Even though no one knows who started the phrase, “A widely read Wall Street Journal story in 1986 popularized the term”(Napikoski). The “Glass Ceiling” has played a big role in women not being able to be

The "glass ceiling" has held women back from certain positions and opportunities in the workplace. Women are stereotyped as part-time, lower-grade workers with limited opportunities for training and advancement because of this "glass ceiling". How have women managed their careers when confronted by this glass ceiling? It has been difficult; American women have struggled for their role in society since 1848. Women’s roles have changed significantly throughout the past centuries because of their willingness and persistence. Women have contributed to the change pace of their role in the workplace by showing motivation and perseverance.

Gender plays a huge role in workplace 'success' and can be a big challenge especially if the employee is a woman in a male dominated workplace or career. No matter how 'hard-nosed,' 'ruthless,' 'workaholic' a woman may be, or how much personal success she achieves, there will always tend to be some type of obstacle to keep her from getting completely to the top of the corporate ladder. She must also still fight stereotypes that undermines her confidence or limits her potential. Since the early 20th century, women and minorities have sought equal opportunities in education and in the labor force with little success. These obstacles or barriers are all known as the glass ceiling.

The Glass Ceiling is the title given to an invisible barrier that is meant to limit women from succeeding in top level jobs. They only judge based on their gender and do not take into account women’s education, experience, or job related skills. Some argue that the only people who have put a limit to how far women can succeed in their career, are women themselves, but the Glass Ceiling and gender discrimination in the workforce does exist and is a major problem that needs to be addressed. Topics such as equal pay, discrimination, harassment, and misconceptions all play a part in the limiting barrier placed over women in the working world. It not only puts a limit on what women can achieve in their future profession, but also affects their

Inequality has been a dilemma for several years in countless different ways. A persistent problem with disproportion of income between women and men has been lingering within many companies in the United States. It has been said that women earn less money than men in the workplace for many different reasons. Some of these reasons are that women have not spent enough time in the office to be rewarded with raises and bonuses because they are busy with their home lives and taking care of their children, they, unlike men, have been taught to be timid and unaggressive which ultimately steers them away from requesting higher pay, or they do not meet the qualifications to receive promotions (Hymowitz, 2008). This essay is in response to On

When men claim the glass ceiling was shattered with Rosie the Riveter, I can’t help but laugh. The structure is transparent to them, by its very nature. They see women struggling beneath the barrier but attribute it to a lack of work ethic or skill set, instead of a societal ill. Qualified women are demeaned by men when they encounter roadblocks, ones they never had to face. Gender-based discrimination no longer prevents female suffrage, but norms and socialization encourage male superiority. It is the duty of women who succeed to cultivate future female success.

For my research question I will be asking: “How is America making progress on gender equity?” Fundamentally, I believe that women are still misrepresented, and are still facing many challenges in the workplace, especially in the business world. The gender stereotypes play a considerable role in the way the society sees women as leaders. However, it will be judicious to consider the small but noticeable changes that have been made over the past years concerning gender equality in the American workplace.

The term glass ceiling was coined more than twenty years ago by the Wall Street Journal to describe the barriers that women face at workplace. The word ‘ceiling’ suggest that women are blocked from advancing their career while the term ‘glass’ is used because the ceiling does not always visible. Women might work as hard as men do but they only earn about seventy-five per-cent of the men’s income though they might be of the same seniority, experience as well as education level. The earning differential is due to the traditional responsibility for family and childcare tasks assigned by the society towards women. This is because the society still assumes the high-paying professions as masculine and feminine women could not fit the requirements of holding the position and they better do a more nurturing job. This typical thinking causes men to be numerically dominant in almost all area like in key global and national decision-making position such as international organisations, governments, and as well as the board of CEOs and directors of private enterprises. As an example, rarely are women seen to sit in the parliament seat or hold the superior position in a government party. Take the case of our own Datuk Ng Yen Yen who did not succeed in her bid for the MCA’s vice presidency in October 2008. She challenged the tradition within the male-dominated party but then her failure indicates the hesitance of the

Berkshire Hathaway, Inc was a small textile company. Its chairman and CEO of the company is Warren Buffett, the world's third richest man. He invested his partnership in invests in Berkshire Hathaway at the price of $8.6 million (The Essential Buffett, p27). It took him over 35years to grow its book value from $19 per share to $37,987 per share with a rate of 24 percent compounded annually (The Essential Buffett, p44). Buffett started purchasing other businesses, which were primarily insurance companies, with profits from the declining original textile business. In 1985, the original textile business was shut down and Berkshire Hathaway started the insurance business.

“The wage gap has narrowed by more than one-third since 1960”(Hegewisch, 2010) and “the share of companies with female CEOs increased more than six-fold” (Warner, 2014) since 1997. As well as the truth that men and women’s earnings differ for many other reasons besides the presence of sexism. “Discrimination in labor market, in education/retiring programs, unequal societal norms at home and the constrained decisions men and women make about work and home issues” (Hegewisch, 2010) are also factors that can contribute to the unequal treatment of man and women in the workplace. Yet even with most of these variables removed women are still being paid less than men, sexually harassed in the workplace and hold very little managerial positions.