Fiorina’s appointment to that historic role as trouble hit is not unique. Multiplestudieshavefound that women are far more likely than men to get a chance at the top job when companies are facing significant struggles than when times are good. White men tend to keep control of top positions during smooth sailing, but challenges can make companies feel the need to try to shake things up and try something different, which can mean turning to women for leadership. But that means women are set up with a more difficult job from the get go.
Some are still able to engineer turnarounds. But if they aren’t able to do so and do it quickly, they run the risk of being pushed out of their positions. Female CEOs are more likely to end up forced out of their jobs than men.