The Hershey Co. has announced that current COO Michele Buck will take over the company's CEO role on March 1. Buck will succeed John Bilbrey, who will serve as non-executive chairman of the board upon his retirement.
Companies with female CEOs tend to have smaller gender pay gaps, as top-performing women have higher salaries at these firms, according to new research. In addition, female CEOs who take over from men create a 14% sales bump per employee at companies where women account for at least one-fifth of the workforce, the research found.
PepsiCo must log $5 billion in gross growth to gain share each year, requiring CEO Indra Nooyi to work very closely with Chief Scientist Mehmood Khan to create products that resonate with ever-changing consumer tastes. "I have to innovate the hell out of the company," she said.
Forty-four percent of men say their companies have enough female leaders, but only 33% of women would agree with that assessment, according to a survey by Kununu and InHerSight. This disparity may be related to the fact that men are rarely asked to think about these sorts of issues, said InHerSight CEO Ursula Mead.
It's important to bring your authentic self to the workplace, says Kathleen Quirk, who earned an MBA from Duke University and now serves as chief of staff to the superintendent of Partnership Schools. Quirk says getting an MBA allowed her "to develop sides of myself that did not come naturally."
In most cases, an applicant's undergraduate degree -- whether it be in business or the liberal arts -- will have little impact on whether he or she is accepted into business school, experts say. However, it's important for applicants to be able to describe why business school would make sense for their careers, said Laurel Grodman, director of admissions, analytics and evaluation for the Yale School of Management.
Despite the rise of online and two-year programs, the traditional MBA will always have a place, Patrick Mullane, executive director at Harvard Business School's HBX, writes in this commentary. Full-time, in-person programs allow students to explore and pivot toward new areas of business and make valuable connections, he writes.
It's never a bad idea to ask a hiring manager during an interview whether you can connect with her on LinkedIn, writes Hannah Morgan. You should also ask the interviewer how you should go about following up after the interview.
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