Good morning, Broadsheet readers! 23andMe says no to CEO Anne Wojcicki’s take-private offer, Vice President Kamala Harris raised a record $310 million this July, and women lose a bit of ground on the Global 500. Have a mindful Monday.
- Going global. Women run 5.6% of businesses on this year's Global 500—down from 5.8% this time a year ago. In total, female CEOs lead just 28 out of 500 companies on the list of the world's largest businesses by revenue.
That lags behind the Fortune 500, which measures the largest U.S.-based companies by revenue. There, women have crossed the 10% threshold and now run 10.4% of Fortune 500 businesses. On this year's Fortune 500, the share of businesses led by female CEOs stayed flat from a year prior.
In total, the 2024 Global 500 list accounts for $41 trillion in annual revenue. That gargantuan number shows how important leadership of these businesses is—these 500 CEOs are responsible for one-third of global GDP.
And as the share of female CEOs fell, profits rose. The Global 500 counted $2.97 trillion in earnings, up 2% from a year earlier. Financial and tech firms accounts for much of that growth, as profits fell in the energy sector.
Female chiefs of the Global 500 include many familiar names from the Fortune 500, as some of those companies appear on both lists. Those executives include Fannie Mae CEO Priscilla Almodovar, UPS CEO Carol Tomé, CVS Health CEO Karen Lynch, Citi CEO Jane Fraser, Centene CEO Sarah London, TIAA CEO Thasunda Brown Duckett, and GM chief Mary Barra.
Those executives lead the pack—with 15 female Global 500 CEOs, the U.S. has more women leaders of its Global 500 businesses than any nation. It's followed by France with four, and Brazil, China, and the U.K. with two each.
Leaders of businesses based outside the U.S. include Magda Chambriard, a new chief this year for Brazilian oil businesses Petrobras, and Banco de Brasil president Tarciana Paula Gomes Medeiros; Vodafone chief Margherita della Valle; GSK CEO Emma Walmsley; Luxshare cofounder and chair Grace Wang; JD.com chief Sandy Ran Xu; and French banking group Crédit Mutuel chief Isabelle Ferrand.
Some longtime members of this cohort don't appear this year; for example, Jessica Tan left her role as group co-CEO of Ping An at the end of 2023.
For more on the Global 500, see this year's full list here.
Emma Hinchliffe
emma.hinchliffe@fortune.com
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