Even when controlling for company performance. Part of the Glass cliff: Female business leaders are often selected when the situation is desperate and then don’t receive cooperation and support (Oluo).
To have two separate activist investors targeting you at once might seem extreme—unless you are a woman running a company. A study by the University of Missouri found that, even though women make up only 5 percent of Fortune 500 CEOs, activist investors are more likely to target companies helmed by women with the intent of directing their management decisions, even when controlling for company performance. This means that activist investors are seeking out companies that are led by women with the goal of taking that leadership from them—because they are women. 45 — Mediocre, pg 160