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Gender Gap Painfully Clear in Lobbyists' Compensation

Female CEOs of lobbying firms made significantly less than male executives, a

A review of corporate tax filings conducted by Bloomberg uncovered a huge disparity between the compensation for male and female CEOs. Average compensation of female CEOs running four of the most active lobbying firms is more than $1 million lower than those of their male counterparts, the news

A review of corporate tax filings conducted by Bloomberg uncovered a huge disparity between the compensation for male and female CEOs. Average compensation of female CEOs running four of the most active lobbying firms is more than $1 million lower than those of their male counterparts, the news outlet found.

"The skills needed to run trade organizations are basically the same," says Paul Hodgson, senior research associate at GMI Ratings, a New York-based governance consulting firm. "There should be no differential between male and female CEO pay. There isn't an explanation for it, except sexism."

Citing GMI's research on compensation for female CEOs, Bloomberg notes that out of more than 2,700 publicly traded companies, women tended to make 80 percent of male CEO's salaries. For women who are not chief executives, that number dropped to 72 cents on the dollar.

While the difference in paychecks remains large, a study by Simmons College found that many businesswomen are not particularly interested in joining a women's network at their companies. Part of the reason women were hesitant to join these groups was the concern that their strength would be limited by the connections to and investment from the company as a whole.