Record Number of Women Took Over Fortune 500 Companies in 2020

A record number of women took over as CEO in 2020 to help steer their company through an uncertain and volatile business environment prompted by the coronavirus pandemic.

Women are more likely to be elevated to positions of leadership in times of crisis and downturn, but are essentially taking on a higher risk for failure, according to a phenomenon known as the “glass cliff.” This year, more high-profile women than ever climbed their way to the top spot at Fortune 500 companies to take over from male predecessors.

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