Corporate America: Where Are All the Women?

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Dec. 10 (Bloomberg) -- T3 founder Gay Gaddis and Frontier Communications' Larraine Segil talk with Pimm Fox about women in corporate leadership positions. They speak on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

General motors today named 51-year-old mary barra to become the first female chief executive of any major automaker.

But it seems women still have a long way to go.

For eight consecutive years, there has been no increase in corporate board representation held by women in fortune 500 companies.

Women have held only about 17% of all board seats.

How do female executives feel about all of this echo i have turned to the experts.

-- feel about all of this?

I have turned to the experts.

Both gay and the rain hold leadership positions -- and lorraine hold leadership positions.

What was your reaction when you heard that was going to be the first chief executive of gm -- that mary barra was going to be the first chief executive of gm?

Pre-k's it was about time.

-- it is about time.

Is the media making too much of the fact that this is the first woman to run a major automobile company anywhere in the world?

Or is this appropriate?

Should we be highlighting its?

I wish we did not have to speak about the fact that she is a woman.

I think it would be better to say she is the most qualified individual to take that position.

There's a board and an outgoing ceos that had the courage to appoint the right person to the job, who just happen to be a woman.

That has happened in the past and i think women have been available, but the board did not have the courage to appoint them.

We are delighted because she is the best person for the job.

You sit on the board for frontier can occasions.

What are some of the conversations like, not necessarily at frontier, but at the board level, to create this kind of courage that you described.

We have had many women on the board and in addition, i sit on the board of directors in california.

In their blue ribbon commission, it says, of the thousands of member companies, please take a look at your board and make sure there is diversity.

Is this the right time for its?

It is probably overdue.

And the numbers are actually there.

73% better return on sales for companies that have over three and 112% on investor capital.

It is not just a good thing to do from an investor standpoint, but actually from a business standpoint.

When you make presentations for an advertising business, typically, are your counterparts at the executive level of that business, do they recognize or make a distinction of whether someone happens to be female or male in a particular role?

Actually, they always hire us because they think we can do the best job.

Was that always the case?

No, it was not.

I have had to prove that through the years.

I have had to make our work exemplary and wonderful.

And attract the kind of fortune 100 clients that we do.

Your work is always as good as the last thing you did.

There were times when i was trying to grow my company where i'm sure they thought, where is this other lady coming in and what do they know about the ad business?

We are competing against other large corporations.

Were there moments that you can recall that you were able to break through and be recognized just for your ability?

Yes, and very often, i found being a woman was an advantage.

And i became gender-neutral myself.

I did not look at it from the point of view of being a woman.

I was ceo of an aeronautical distribution company and also health services company.

It was just, i get the job done and do a good job.

But you did not start at those levels.

No, but i am an entrepreneur.

On a committee of 200, more than 50% are founding members and our existing members are entrepreneurs.

And more than half of those run companies over $100 million in revenue.

There is over $1 trillion collectively in the companies that we run.

It is not just ceo's, but something globally.

When you recall in the world of advertising, if you could go back and do something differently knowing what you know now about the true jet or he of current board -- the trajectory of current board, what would you do?

I would have tried early on to get involved with a corporate board.

But now that i'm going to be chair of ct 100, i will be on a

This text has been automatically generated. It may not be 100% accurate.

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