When women run for political office, they are just as likely as men to be elected. The main reason they are so underrepresented is that they don’t run in the first place.
Women now make up almost 50 percent of those working in the advertising industry, including a relatively small number, like Ms. Credle, in top executive positions. Yet ... more than half a century after the “Mad Men” era, gender bias, while often unspoken or acknowledged, continues to affect how they are treated at work, whom they interact with and what positions they hold.
Women now receive the majority of college and graduate degrees, and we make the vast bulk of consumer decisions and purchases. Forty percent of American households with children under 18 have a woman as primary or sole breadwinner. For future generations of women to do better, we must change the culture of institutions like Wall Street.
Six weeks ago, Ms. Doughtie was elected United States chairwoman and chief executive of KPMG. When she takes over the role on July 1, she will become the first woman to serve in both of those roles for a Big Four accounting firm.