2010 TCN Progress Census

The Chicago Network

2010 Census Progress Report

2 2010 Census Progress Report The Chicago Network

Despite the challenging economic environment, The Chicago Network is pleased to report that women have reached their highest percentages in the boardrooms and executive suites of Chicago’s 50 largest public companies, based on results of our 13th annual census. The 2010 Census Progress Report also indicates women hold 15.3% of all director positions, 15.8% of executive officer positions and accounted for nearly 30% of all new board positions among these companies.

While this news is encouraging, there is more work to do on other key measures. Women struggle to move into the ranks of top earners. There are still 34 companies without any women top earners, two more than last year, and the results for women of color are decidedly mixed. The pace of change remains exceedingly slow.

Last year, The Chicago Network determined to take a more active approach to improving women leadership in the Chicago corporate community through its Women on Boards initiative, helping companies and their search partners find highly qualified women candidates for board openings The Chicago Network’s early results are encouraging, and in time, we hope our efforts will have a positive, direct effect on the results we report on in our annual census progress report.

The Chicago Network remains committed to advancing women leadership in the Chicago corporate community and measuring progress towards this goal through our annual census. We encourage you to use our website as a reference for helpful suggestions on improving women’s leadership in your company, or utilize our Women on Boards service.

The Chicago Network and the Census Committee are pleased that Deloitte continues to work with us on this important measure of progress of women leadership in the Chicago corporate community. We greatly appreciate their support in the creation of the 2010 Census Progress Report.

Michelle L. CollinsChair, 2010 Census Committee

“Deloitte has a longstanding relationship with The Chicago Network and fully supports its mission to serve as a catalyst for empowering women with the information and relationships they need to succeed. The annual Census Progress Report is an outstanding example of TCN’s valuable research. For the eighth year, we are proud to assist with the data collection and analysis provided in the following report. For Deloitte, fostering diversity is a business imperative that allows us to attract, retain and develop high-performing talent to serve the top companies in Chicago. We are optimistic that this report will help companies understand the progress being made as well as the ongoing need for increasing diversity within their organizations.”

Deborah L. DeHaasVice Chairman and Midwest Regional Managing Partner, Deloitte LLP

The 2010 Census Progress Report


The percentage of women directors jumped to its highest • level ever, 15.3%, up from 14.1% in 2009 – 85 women are on boards, the highest absolute number since we started tracking

The percentage of new women directors out of all • new directors in 2010 has more than doubled since 2009 – 29.5% in 2010 compared to 14.0% last year

Two more companies than last year have greater than • 25% representation of women on Boards of Directors

There was a decrease in the number of companies • with no women directors, from seven down to five

Women as a % of Total Directors - 2010 Census

15.3% 14.1%

Women as a % of Total Directors - 2009 Census

The Chicago 50 - Directors

The

Chi

cago

50

Com

pani

es% of Women on Boards of Directors - 2010 Census

0%

5

10

15

20

25

30

5

12

26

7

1 - 10% 11 - 25% Above 25%


The Chicago 50 - Executive Officers

Women executive officers increased by 0.9%, moving from • 14.9% in the 2009 Census to 15.8% in 2010, the highest level since the Census began

The number of women executive officers increased • by four to 80 from 76 last year, but the number of total executive officers has decreased every year since 2003 (from 644 to 505)

The percentage of new women executive officers of all • new executives is 13.3% for 2010, compared to 17.0% last year – a decrease for the past two years

The number of companies with greater than 25% • women executive officers decreased by one from the 2009 Census to the 2010 Census

Companies with no women executive officers fell from • 17 to 13 from 2009 to 2010; 26% of the Chicago 50 had no women executive officers, down from 34%

Women as a % of Executive Officers - 2010 Census

15.8% 14.9%

Women as a % of Executive Officers - 2009 Census

The

Chi

cago

50

Com

pani

es% of Women Executive Officers on Board of Directors - 2010 Census

0%

5

10

15

20

25

30

13

4

26

7

1 - 10% 11 - 25% Above 25%


The Chicago 50 - Top Earners

From 2009 to 2010, the percentage of women who were • top earners remained exactly the same at 7.7%

In 2010 there are three companies with more than • 25% women as top earners – two more than in 2009

The number of companies with no women top earners • increased by two companies in 2010 to 34

The

Chi

cago

50

Com

pani

es% of Women who are Top Company Earners - 2010 Census

0%

5

10

15

20

25

30

35

40

34

13

34

3

1 - 25% 25 - 50%

Women as a % of Top Company Earners - 2010 Census

Women as a % of Top Company Earners - 2009 Census

7.7% 7.7%


The Chicago 50 - Companies with No Women Leaders

Companies with No Women Leaders - 2010 Census

The

Chi

cago

50

Com

pani

es

No Women Directors

5

10

15

20

25

30

35

40

34

5

13

3

No Women Top Earners

No Women Executive Officers

No Women In All Three

The

Chi

cago

50

Com

pani

es

No Women Directors

5

10

15

20

25

30

35

40

32

7

17

4

No Women Top Earners

No Women Executive Officers

No Women In All Three

Companies with No Women Leaders - 2009 Census

2010 ResultsThe five companies with zero women directors have 48 directors total• The 13 companies with zero women executive officers had 100 executive officers total• The 34 companies with zero women top earners had 165 top earners total•


The Chicago 50 - Top/Bottom Performers

The Chicago 50 - 2010 Top Census Performers - Ranked by Total Percentage*

The Chicago 50 - 2010 Bottom Census Performers - Ranked by Total Percentage*

Rank Company Women Directors Women Executive Officers Women Top Earners Total

# % # % # % %

1 Corn Products International, Inc. 3 30.0% 4 44.4% 2 40.0% 38.1%

2 The Allstate Corporation 3 27.3% 4 26.7% 2 50.0% 34.6%

3 Kraft Foods Inc. 4 33.3% 4 36.4% 1 20.0% 29.9%

4 Northern Trust Corporation 2 15.4% 4 40.0% 2 33.3% 29.6%

5 Jones Lang LaSalle 3 33.3% 2 18.2% 1 20.0% 23.8%

Rank Company Women Directors Women Executive Officers Women Top Earners Total

# % # % # % %

46 Old Republic International Corporation 1 9.1% 0 0.0% 0 0.0% 3.0%

47 Molex Incorporated 1 7.7% 0 0.0% 0 0.0% 2.6%

48 CNA Financial Corporation 0 0.0% 0 0.0% 0 0.0% 0.0%

48 LKQ Corporation 0 0.0% 0 0.0% 0 0.0% 0.0%

48 U.S. Cellular Corp.** 0 0.0% 0 0.0% 0 0.0% 0.0%

Corn Products, The Allstate Corporation, and Kraft Foods maintained their hold on the top 5 list from last year; all other entries are new

Three companies had no women directors, executive officers, and top earners – CNA Financial Corporation, U.S. Cellular Corp, and LKQ Corporation

*Total percentage calculated as the average of the percentage of women directors, percentage of women executive officers, and percentage of women top earners.

** On May 10, 2010, US Cellular announced that Mary N. Dillon is replacing retiring president and CEO John Rooney and will be joining the US Cellular Board. This management change and any others US Cellular implements will be reflected in their financial reports to be filed in 2011.


The Chicago 50 - Women of Color

17.5% of women directors are women of color, down • from 19.5% in 2009 (though women as a percentage of total directors increased from 14.1% to 15.3%)

The number of directors who are women of color • has decreased from last year, from 15 to 14

Across all companies, 13.2% of women executive • officers are women of color, up from 11.8% in 2009

This year ten women executive officers were iden-• tified as women of color, compared to nine women last year

Women As A Percentage Of Total Directors

15.3% 17.5%

Women of Color As A Percentage Of Women Directors

Women As A Percentage Of Total Executive Officers

15.8% 13.2%

Women of Color As A Percentage Of Women Executive Officers


Trend Analysis - Directors

In 2010, the number of women directors jumped from • 77 to 85, the highest level ever. Women represent 15.3% of board members, the highest level ever

Over the last thirteen years:• The number of companies with multiple women • directors has increased from 17 to 29The number of women directors has • increased 39.3%

Number of Women Directors

% of Women Directors

Num

ber o

f Wom

en D

irect

ors

% o

f Wom

en D

irect

ors

401998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

50

60

70

80

90

100

6166

71 68 70 70 7177 75 76 77 77

85

5%1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

10%

15%

20%

10.1%

11.0%12.2%

11.4%12.4%

13.0%14.4% 14.3%

15.0%

14.1%

15.3%

13.8%12.4%


Trend Analysis - Executive Officers

The number of women executive officers recognized • a recent uptick but is still down from the peak in 2005

Since 1998:• The number of companies with multiple women • executive officers has almost doubled, though this is off from a high of 26 in 2005The number of women executive officers has • increased 70.2%

401998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

50

60

70

80

90

100

47

6260

66 67

8892

94

88

75 7576

80

Number of Women Executive Officers

% of Women Executive Officers

Num

ber o

f Wom

en E

xecu

tive

Offi

cers

% o

f Wom

en E

xecu

tive

Offi

cers

5%1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

10%

15%

20%

7.1%

8.7% 8.6%9.6%

11.4%

13.7%14.4%

15.4%

14.8%14.0% 14.4% 14.9%

15.8%


The Chicago 50 – Ranked by Revenue

Rank CompanyTotal

DirectorsWomen

Directors

Percentage Women

Directors

Total Executive Officers

Women Executive Officers

Percentage Women Officers

1 The Boeing Company 12 2 16.7% 11 1 9.1%2 Walgreen Co. 9 1 11.1% 23 5 21.7%3 Sears Holdings Corporation 7 2 28.6% 8 0 0.0%4 Kraft Foods Inc. 12 4 33.3% 11 4 36.4%5 The Allstate Corporation 11 3 27.3% 15 4 26.7%6 Abbott Laboratories 12 1 8.3% 20 3 15.0%7 McDonald’s Corporation 13 3 23.1% 12 3 25.0%8 Motorola, Inc. 11 0 0.0% 9 2 22.2%9 Exelon Corporation 16 2 12.5% 12 3 25.0%10 UAL Corporation 13 3 23.1% 5 1 20.0%11 Illinois Tool Works Inc. 9 2 22.2% 17 2 11.8%12 Sara Lee Corporation 12 3 25.0% 9 1 11.1%13 Baxter International Inc. 13 2 15.4% 12 4 33.3%14 Navistar International 10 1 10.0% 9 1 11.1%15 R.R. Donnelley & Sons Company 9 2 22.2% 7 1 14.3%16 CNA Financial Corporation 8 0 0.0% 9 0 0.0%17 Discover Financial Services 11 3 27.3% 9 2 22.2%18 Aon Corporation 13 2 15.4% 11 3 27.3%19 Integrys Energy Group 13 3 23.1% 11 1 9.1%20 OfficeMax Incorporated 8 2 25.0% 5 1 20.0%21 NiSource Inc. 11 2 18.2% 9 2 22.2%22 W.W. Grainger, Inc. 12 1 8.3% 8 1 12.5%23 Fortune Brands, Inc. 10 2 20.0% 6 0 0.0%24 Smurfit-Stone Container Corporation 9 1 11.1% 13 1 7.7%25 Telephone & Data Systems 12 2 16.7% 10 0 0.0%26 Anixter International Inc. 11 1 9.1% 9 1 11.1%27 United Stationers Inc. 10 1 10.0% 8 2 25.0%28 Tenneco Inc. 10 1 10.0% 10 0 0.0%29 U.S. Cellular Corp. 11 0 0.0% 7 0 0.0%30 Northern Trust Corporation 13 2 15.4% 10 4 40.0%31 Corn Products International, Inc. 10 3 30.0% 9 4 44.4%

The Chicago 50 Companies - 2010 Board of Directors and Executive Officers


Rank CompanyTotal

DirectorsWomen

Directors

Percentage Women

Directors

Total Executive Officers

Women Executive Officers

Percentage Women Officers

32 Hospira, Inc. 10 2 20.0% 9 1 11.1%33 Old Republic International Corporation 11 1 9.1% 8 0 0.0%34 Nalco Holding Company 8 1 12.5% 8 1 12.5%35 Pactiv Corporation 8 1 12.5% 6 0 0.0%36 Hyatt Hotels Corp 12 2 16.7% 9 1 11.1%37 USG Corporation 11 1 9.1% 15 3 20.0%38 General Growth Properties, Inc 10 3 30.0% 9 1 11.1%39 Hewitt Associates, Inc. 10 1 10.0% 15 5 33.3%40 Unitrin, Inc. 11 2 18.2% 8 1 12.5%41 Brunswick Corporation 10 2 20.0% 12 1 8.3%42 Nicor Inc. 13 2 15.4% 10 2 20.0%43 CME Group 34 2 5.9% 16 4 25.0%44 CF Industries Holdings 8 0 0.0% 9 1 11.1%45 Molex Incorporated 13 1 7.7% 9 0 0.0%46 Jones Lang LaSalle 9 3 33.3% 11 2 18.2%47 Packaging Corp of America 7 1 14.3% 6 0 0.0%48 LKQ Corporation 10 0 0.0% 6 0 0.0%49 Equity Residential 10 1 10.0% 8 0 0.0%50 AptarGroup 10 2 20.0% 7 0 0.0%

Total 556 85 15.3% 505 80 15.8%

The Chicago 50 – Ranked by Revenue (continued)


The Chicago 50 Women Directors 2010 – Ranked by Revenue

Rank Company Name1 The Boeing Company Linda Z. Cook

Susan C. Schwab

2 Walgreen Co. Nancy M. Schlichting

3 Sears Holdings Corporation Ann N. Reese

Emily Scott

4 Kraft Foods Inc. Myra M. Hart

Lois D. Juliber

*Irene B. Rosenfeld

Deborah C. Wright

5 The Allstate Corporation *Andrea Redmond

Judith A. Sprieser

Mary Alic Taylor

6 Abbott Laboratories Roxanne S. Austin

7 McDonald’s Corporation Susan E. Arnold

Jeanne P. Jackson

*Shelia A. Penrose

9 Exelon Corporation Sue L. Gin

Rosemarie B. Greco

10 UAL Corporation Mary K. Bush

Jane C. Garvey

Weny J. Morse

11 Illinois Tool Works Inc. *Susan Crown

*Pamela B. Strobel

12 Sara Lee Corporation *Brenda C. Barnes

Crandall C. Bowles

Laurette T. Koellner

13 Baxter International Inc. Gail D. Fosler

Carole J. Shapazian

14 Navistar International Diance H. Gulyas

15 R.R. Donnelley & Sons Company Judith H. Hamilton

Susan M. Ivey

17 Discover Financial Services Mary K. Bush

Cynthia A. Glassman

E. Frolin Smith

18 Aon Corporation *Gloria Santona

Carolyn Y. Woo

19 Integrys Energy Group Pastora San Juan Cafferty

*Ellen Carnahan

Kathryn M. Hasselblad-Pascale

20 OfficeMax Incorporated Dorrit J. Bern

Fancesca Ruiz de Luzuriaga

21 NiSource Inc. Deborah S. Parker

Carolyn Y. Woo

Rank Company Name22 W.W. Grainger, Inc. V. Ann Hailey

23 Fortune Brands, Inc. Ann F. Hackett

Anne M. Tatlock

24 Smurfit-Stone Container Corporation *Connie K. Duckworth

25 Telephone & Data Systems Prudence E. Carlson

Letitia G. Carlson

26 Anixter International Inc. Linda Walker Bynoe

27 United Stationers Inc. Jean S. Blackwell

28 Tenneco Inc. *Jane L. Warner

30 Northern Trust Corporation Linda Walker Bynoe

*Susan Crown

31 Corn Products International, Inc. *IIene S. Gordon

Karen L. Hendricks

*Barbara A. Klein

32 Hospira, Inc. *Barbara L. Bowles

Connie R. Curran

33 Old Republic International Corporation Fredericka Taubitz

34 Nalco Holding Company Mary M. VanDeWeghe

35 Pactiv Corporation Mary R. Henderson

36 Hyatt Hotels Corp Susan D. Kronick

Penny Pritzker

37 USG Corporation Judith A. Sprieser

38 General Growth Properties, Inc *Debra Cafaro

*Sheli Rosenberg

Beth Stewart

39 Hewitt Associates, Inc. *Cheryl A. Francis

40 Unitrin, Inc. *Julie M. Howard

*Ann E. Ziegler

41 Brunswick Corporation Anne E. Bélec

Cambria W. Dunaway

42 Nicor Inc. Brenda J. Gaines

Georgia R. Nelson

43 CME Group Jackie M. Clegg

*Terry L. Savage

45 Molex Incorporated *Michelle L. Collins

46 Jones Lang LaSalle DeAnne Julius

Lauralee E. Martin

*Shelia A. Penrose

47 Packaging Corp of America *Cheryl K. Beebe

49 Equity Residential Linda Walker Bynoe

50 AptarGroup Giovanna Kampouri Monnas

*Joanne C. Smith*Member of The Chicago Network


The Chicago 50 Women Executive Officers and Top Earners 2010 – Ranked by Revenue

Rank Company Name1 The Boeing Company Wanda K. Denson-Low2 Walgreen Co. Sona Chawla Kimberly L. Feil *Dana I. Green Mia M. Scholz Denise K. Wong4 Kraft Foods Inc. Karen J. May *+Irene B. Rosenfeld Jean E. Spence *Mary Beth West5 The Allstate

Corporation *Catherine S. Brune +Judith P. Greffin *+Michele C. Mayes *Joan H. Walker6 Abbott Laboratories Heather L. Mason *+Laura J. Schumacher Mary T. Szela7 McDonald’s

Corporation *Mary N. Dillon Janice Fields *Gloria Santona8 Motorola, Inc. Michele A. Carlin Karen P. Tandy9 Exelon Corporation *Ruth Ann Gillis +Elizabeth A. Moler *Andrea L. Zopp10 UAL Corporation *+Kathryn A. Mikells11 Illinois Tool Works Inc. Sharon M. Brady *Jane L. Warner12 Sara Lee Corporation *+Brenda C. Barnes13 Baxter International

Inc. +Joy A. Amundson Jeanne K. Mason Karenann K. Terrell Cheryl L. White14 Navistar International Phyllis E. Cochran15 R.R. Donnelley & Sons

Company *+Suzanne S. Bettman17 Discover Financial

ServicesKathryn McNamara Corley

*+Diane E. Offereins18 Aon Corporation *+Christa Davies *Kathryn Hayley

Laurel Meissner

Rank Company Name19 Integrys Energy Group Diane L. Ford20 OfficeMax Incorporated +Deborah A. O’Connor21 NiSource Inc. *Carrie J. Hightman Eileen O’Neill Odum22 W.W. Grainger, Inc. Nancy A. Hobor

24Smurfit-Stone Container Corporation Susan M. Neumann

26Anixter International Inc. Nancy C. Ross-Dronzek

27 United Stationers Inc. Barbara J. Kennedy *+Victoria J. Reich

30Northern Trust Corporation *+Sherry S. Barrat

Aileen B. Blake +Jana R. Schreuder Joyce St. Clair

31Corn Products International, Inc. *+Cheryl K. Beebe

*+IIene S. Gordon Kimberly A. Hunter *Mary Ann Hynes32 Hospira, Inc. Daphne E. Jones

34Nalco Holding Company Mary Kay Kaufmann

36 Hyatt Hotels Corp Susan T. Smith37 USG Corporation Karen L. Leets Mary A. Martin Jennifer F. Scanlon

38General Growth Properties, Inc Sharon Polonia

39 Hewitt Associates, Inc. Julie S. Gordon Tracy Keogh Mary K. Moreland *+Kristi A. Savacool Richele A. Soja40 Unitrin, Inc. Lisa M. King41 Brunswick Corporation Kristin M. Coleman42 Nicor Inc. Claudia J. Colalillo Karen K. Pepping43 CME Group *Kathleen M. Cronin Julie Holzrichter Hilda Harris Piell *Kimberly S. Taylor44 CF Industries Holdings Wendy S. Jablow Spertus46 Jones Lang LaSalle *+Lauralee E. Martin Nazneen Razi

*Member of The Chicago Network

+Top Earner


Methodology Statements

The Chicago 50 Census MethodologyTo determine the 50 companies to include in the Census, we first combined the Fortune 500 list with the Crain’s Chicago Business - Chicago’s Largest Public Companies list, ranking all companies in descending order of annual revenue. (The use of the Crain’s list dates from 2006. Prior to 2006, we used the Chicago Tribune 100 list, which is comparable.) We then chose the 50 largest publicly reporting companies in terms of revenue that are headquartered within the Chicago metropolitan area. We reviewed the 10-K and proxy statements for the fiscal year 2009. Based on the review, we compiled the statistics for the companies’ executive officers, board members and most highly compensated employees. We gathered this information for both men and women for each company. In addition to reviewing the 50 largest companies for fiscal 2009, we also analyzed trends across all companies that have appeared in the Chicago 50 since 1998.

Women of Color MethodologyTo conduct the analysis, information was requested from the Chicago 50 companies that have one or more women directors or executive officers for whom information has not been provided in prior years. Only companies responding to the request were included in the analysis. We did not request information from companies that had no women. Women of Color are non-Caucasian women identified as Black, Hispanic, Asian, Native Hawaiian and other Pacific Islander and American Indian or Alaskan Native. (Source: U.S. Census Bureau Racial and Ethnic Classifications Used in the Census 2000 and Beyond.)

As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Documents

2010 TCN Progress Census