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The more women on a company's senior management team, the less its share price fell in 2008, according to an analysis of companies from the French CAC 40 stock exchange index.
The stock prices of companies led by executive teams with 38% or more women declined less than the CAC 40 average of 42.7%, while stocks of companies with more male-dominated management teams dropped more than the average. Hermès was the only large company whose share price rose (16.8%) and it has the second highest percent of female executives (55%). Source: CERAM Business School
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