President's Blog: 11 of 500

Hooray for Indra K. Nooyi who will become Pepsico, Inc.'s new chief executive officer. When she moves into the corner office in October, she will be only the 11th woman CEO among the Fortune 500 companies. Progress? 2% female representation in the most powerful corporate jobs in America is, in the kindest light, a modest position at best. As reported in my August 13 blog, women continue to face many hurdles to true equality in the workplace. But let's celebrate Ms. Nooyi's advancement — whatever cola you drink, Pepsico has surely added some fizz to the story of women's leadership in corporate America.

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