The number of corporate leaders fired for #MeToo-related misconduct rose in 2018 while the number of S&P 500 companies led by females fell 20 per cent, according to a report from U.S. think-tank the Conference Board.
Firings of S&P chief executive officers related to the social media movement accounted for five of 12 dismissals last year, according to the report, published on Wednesday. In contrast, just one CEO was dismissed for personal misconduct between 2013 and 2017, it said.
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The percentage of departures which were non-voluntary rose 8 percentage points from 2017 to 30.5 per cent, the report added.
It also showed the number of women CEOs falling to 22 from a record 27 in 2017. Last year, Kathy Warden of Northrop Grumman was the only woman appointed to a top job.