Wellington Says Glass Ceiling on Pay for Women Is Intact

May 13 (Bloomberg) -- Sheila Wellington, a professor at New York University's Stern School of Business, talks with Bloomberg's Julie Hyman and Mark Crumpton about income disparities between men and women. Sixteen women heading companies in the Standard & Poor's 500 Index averaged earnings of $14.2 million in their latest fiscal years, 43 percent more than the male average, according to data compiled by Bloomberg News from proxy filings. The women who were also CEOs in 2008 got a 19 percent raise in 2009 -- while the men took a 5 percent cut. (Source: Bloomberg)