The White House this week hosted officials from business schools and businesses for a meeting on expanding opportunities for women. The discussion covered the recruiting, training and retention of leaders as well as the importance of policies that work for families, according to a fact sheet from the White House.
The administration's Council of Economic Advisers released a report to set the stage for the event. It described how women comprise only 5 percent of CEOs of Fortune 500 companies. In addition, female graduates of M.B.A. programs earn 30 percent less than their male counterparts after five years, the report said, and 60 percent less after 10 years.
In connection with the meeting, 45 business schools have agreed to a set of principles to help women succeed through school and their careers.
Alison Davis-Blake, dean of the University of Michigan's Ross School of Business, attended the White House event. She said the "collective action" taken by the 45 institutions was rare for the relatively competitive business school sector. Davis-Blake's institution last year began its own initiative to encourage women to seek careers in finance.
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