Pay for Female CEOs Rose 26% in 2021 In 2021, the pay packages for the womenwho run S&P 500 companies rose amid economic recovery and improving stock prices. Median pay for top female business leaders rose to almost $16million, according to Equilar’s annual survey for The Associated Press. Out of the 340 CEOs in Equilar’s most recent survey of S&P 500 companies, 18 were women, an increase of 2 since 2020. Median pay for these women was up 26.4% in 2021, reaching $15.8 million, with 15 of the 18 female CEOs surveyed receiving a rise. These figures represent a larger increase than that of male CEOs’ median pay, which rose 17.7% to $14.4 million in the same year. Nonetheless, the pay gap between men and women is still significant. Speaking to The Independent, Vice-Chair of Korn Ferry, Jane Stevenson, said that while the pay increase for female CEOs is a positive thing, there is still a lot to be done. “I think the danger is to look at those cases of CEOs making more than their peers and see a message about the pay gap being closed – it’s not,” Stevenson said. “Pay tells a story. We have more stories of some women getting ahead […] It’s great, but it does not make a system. What we do not have is a systemic path forward for women, generally speaking, in a sustainable way, to be on the path to top roles and top pay.” 9 www.ceotodaymagazine.com MONTHLY ROUND - UP The World’s Largest Bottle of Whisky Sells for £1.1 Million According to The Scotsman, the world’s largest bottle of whisky — a 311-litre bottle of Macallan single-malt Scotch — has sold for £1.1 million at a live auction overseen by Edinburgh-based auction house Lyon & Turnbull. The 5ft 11in tall bottle, called the Intrepid, holds Scotch from two sister casks that were aged for 32 years at Macallan’s Speyside distillery. Last September, the whisky was vatted and bottled by Duncan Taylor Scotch Whisky and was soon after recognised as the largest bottle of whisky in the world by the Guinness World Records. Speaking to The Spirits Business, managing director of Lyon & Turnbull Gavin Strang said, “The Intrepid Collection, led by the world’s largest bottle of Scotch whisky, has attracted so much global interest. It has been an incredibly exciting project to be involved in and we at Lyon & Turnbull are delighted the auction has been such a success.” Meanwhile, The Intrepid Project founder Daniel Monk commented: “For me and the whole team, The Intrepid project has always been about more than money. This is a passion project to celebrate the life of my late father, Captain Stanley Monk, who was himself an explorer and achieved many amazing things during his life.”
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