Yet a study released Thursday said men still hold about nine out of every ten top positions at the four hundred large companies in California. The results have remained largely unchanged in live years of studies from the University of California, Davis.
Also, a new research paper in the journal Sex Roles looks at the experiences of women who are the main earners in their family. Rebecca Meisenbach at the University of Missouri in Columbia interviewed fifteen women. She found they all valued their independence and many enjoyed having the power of control, though not all wanted it.
But they also felt pressure, worry and guilt. Partly that was because of cultural expectations that working women will still take care of the children. Also, men who are not the main earners may feel threatened.
The job market continues to suffer the effects of last year’s financial crash. Now, a judgment has been reached in the first case involving charges of criminal wrongdoing on Wall Street.
Last week, the government lost its case against two managers at Bear Stearns, the first investment bank to fail last year. A jury found Ralph Cioffi and Matthew Tannin not guilty of lying to investors.
The hedge funds they supervised lost their value in two thousand seven. But jurors said there was no clear evidence that they meant to mislead investors.
The Justice Department continues to investigate other companies.
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