University of Michigan professor Theresa Welbourne looked at
476 companies for three years after their IPOs. She found that
higher numbers of women in senior management improved stock
price and earnings per share. The average IPO price was $14,
and the EPS was 16 cents.


MANAGEMENT          STOCK               EARNINGS
TEAM                PRICE               PER SHARE

9 men, 1 woman      $14.65              $.25
5 men, 5 women      17.25               .61

Data: Wall Street Likes Its Women: An Examination of Women in
Top Management Teams of IPOs