Diversity Woman Magazine

SUM 2019

Leadership and Executive Development for women of all races, cultures and backgrounds

Issue link: https://diversitywoman.epubxp.com/i/1130254

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Page 8 of 51

d i v e r s i t y w o m a n . c o m S u m m e r 2 0 1 9 D I V E R S I T Y W O M A N 7 W hen I launched Diversity Woman Media in 2005, I didn't realize at the time that as founder of my own company I was following a non- traditional path to the C-suite. In this issue of DW, we highlight another Your Own Path to the C-Suite nontraditional path to the top with our cover story—Elise Peters Carey, who accepted the position as president of the $50 million real estate company, Peters Development, that her father, Dr. Lenny Peters, founded. She is only 33, and having served as president of a bank, a health-care company, and a foundation, she is on a path to become the company's CEO by the time she turns 36. As the story (see page 30) demon- strates, although Peters Carey has doubled the business financials of Pe- ters Development, she still faces many of the same challenges and obstacles as any woman, especially a woman of color (Peters Carey is Indian Ameri- can) encounters on her professional journey. Today, fewer than 1 percent of Fortune 500 companies are led by women of color, and none is African American. e obstacles on the path to the C- suite encountered by women of color include isolation; relationship deficits (men have a much higher likelihood of forming business networks and men- toring and sponsorship relationships); a history of risk aversion; and the insu- lar perceptions of others—women are less likely to receive honest feedback that helps them grow. All of these fac- tors are magnified for women of color. No wonder the glass ceiling for all women has been called the "concrete ceiling" for women of color. Publisher's Page > The glass ceiling for all women has been called the "concrete ceiling" for women of color. Whether your path is one of entre- preneurship or corporate leadership (or both!), DW can be your trusted re- source. Our mission is to deliver accu- rate, solution-based content that helps women in leadership positions thrive and grow. For example, elsewhere in this is- sue, our Accelerate article (page 27) , written by Erin Chan Ding, examines the pros and cons of hiring an execu- tive coach—a given for many who are knocking on the door of the C-suite. Studies have shown that one of the barriers keeping more women from the C-suite is the lack of work-life flex- ibility in the workplace, especially at the upper echelons. In Balancing Act (page 37), writer Kimberly Olson ex- plores this burning issue and offers some tips and solutions for women trying to juggle, well, everything. Enjoy this issue (preferably on a white sand beach!). Dr. Sheila Robinson Publisher, Diversity Woman

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