In Par tnership with UC D AVI S S T U D Y O F C ALI FO RN I A W OM E N B USI N E SS L E A D E R S A Census o f Wo m en Di rec to r s a n d Hi g h e s t - P a i d E x e c u t i v e s 2012-2013 Released December 5, 2012 Fo r mo re in form ation and dat a: www.gsm.ucdavis.edu/census TAB L E OF C ON T E N T S 2 Message from Dean Steven C. Currall 3 Message from Our Partner: Marilyn Nagel, CEO, Watermark 4 Methodology and Data Providers 5 Introduction 6 Executive Summary 8 California’s Top 25: The Corporate Leaders of Gender Diversity in the Boardroom and Executive Suite 10 Race and Ethnicity: A Snapshot of Race and Ethnicity of Directors and CEOs 12 Women Board Directors of California’s 400 Largest Public Companies 13 - Number of Women Board Directors by Company 14 - Who are the Women Directors? 15 - How Industries Compare: Percent of Companies by Industry with One or More Women Directors 16 - Percent of Women Directors by Industry 17 - Percent of Women Directors by Company Size 18 - Number of Women Directors by Company Size 19 - Percent of Women Board Directors by County and by Region 20 Highest-Paid Women Executives at California’s 400 Largest Public Companies 21 - Number of Highest-Paid Women Executives by Company 22 - Women in the Most Important Corporate Roles 23 - How Industries Compare: Percent of Companies by Industry with One or More Highest-Paid Women Executives 24 - Percent of Highest-Paid Women Executives by Industry 25 - Number of Highest-Paid Women Executives by Company Size 26 - Percent of Highest-Paid Women Executives by Company Size 27 - Percent of Highest-Paid Women Executives by County and by Region 28 Conclusion and Acknowledgements Complete Datasets for the 2012 Census 29 Appendix A: California’s 400 Largest Public Companies Ranked by Percentage of Women Directors and Highest-Paid Executives (includes industry category and market capitalization) 35 Appendix B: Who’s Who of Women Directors and Highest-Paid Executives of California’s 400 Largest Public Companies (companies listed alphabetically, identifying women directors and executives) 43 Appendix C: 400 Companies by Location (listed county-by-county with city) Message from the Dean DEAR COLLEAGUE S: The UC Davis Graduate School of Management is proud to publish our eighth annual UC Davis Study of California Women Business Leaders: A Census of Women Directors and Highest-Paid Executives. This study details the presence of women at the very top of the 400 largest publicly held corporations headquartered in the state. Our findings paint a disappointing picture: There is only one woman for every nine men among directors and highest-paid executives at these high-profile companies. When we released our study each of the past seven years, it was met with intense interest by the business community, state legislators and policy makers, and garnered widespread media coverage. Yet there has been little improvement in the gender diversity of the upper echelons of decision makers at the largest public companies in California. These are several key findings of our 2012-2013 census: • Overall, women hold just 9.9% of board seats and highest-paid executive positions—a slight increase compared to last year. • Almost one-third—128 (32%)—of the 400 largest public companies in California have no women among their directors and highest-paid executives. • Not a single company has an all-female (nor gender-balanced) board and management team. • Thirteen (3.3%) of the 400 companies have a woman serving as CEO, holding steady from last year. Our results highlight the need for greater participation of women on corporate boards and in the executive suites, and to help create these opportunities. To improve the standing of women in business leadership positions, the Graduate School of Management has a strong partnership with Watermark, a nonprofit organization and network of exceptional women leaders seeking to grow their personal impact in their professions and in society. Watermark offers several pioneering programs to increase the number of women in executive and board roles, and support them in those roles. At the UC Davis Graduate School of Management, we take our job of teaching future business leaders—both women and men— very seriously. Our mission is to prepare our MBA students to become innovative leaders for global impact. Our business school community is built on a foundation of excellence and diversity. Our faculty is now 42% female, the highest percentage among the top 100 global business schools, according to The Financial Times Global MBA survey. And The Princeton Review in 2012 recognized the UC Davis MBA program as No.4 in the nation for offering the “greatest opportunity for women.” When our MBA students graduate and look for opportunities, they are terrific resources for companies headquartered in California and beyond. In today’s global marketplace, where diverse backgrounds, skills and experience are critical for strategic and operational decisions, having more women involved at the highest levels of business management and corporate governance can only result in more profitable and well-managed corporations. We are dedicated to helping make that a reality. Steven C. Currall Dean and Professor of Management 2012 UC Davis Census www.gsm.ucdavis.edu 2 Message from Our Partner D E A R BUS IN ESS LEAD ER S: The business case for increasing the number of women in executive positions and on corporate boards has been proven time and again in study after study. It is clear that greater diversity on boards improves shareholder performance, helps companies access the widest talent pool, ensures they are more responsive to the market and provides stronger corporate governance. Despite this, women still represent a significant minority on boards. More troubling, the majority of California’s leading public companies lag in diversity of gender, race, ethnicity and life experience in their upper echelons. Watermark is committed to addressing this imbalance. Watermark and UC Davis Watermark is proud to partner with the UC Davis Graduate School of Management in publishing the UC Davis Study of California Women Business Leaders, which highlights the representation of women in the executive suites and boardrooms of California’s largest public companies. Shining a light and learning from companies that are making progress toward gender equality in executive ranks and on boards is a first step toward change, and aligns with Watermark’s vision and values. Watermark Institute Board Access™ Program The Watermark Institute Board Access™ Program draws from executive ranks of corporations and ensures that our participants have the background and experience to be qualified for board service. It is a one-year, personalized program for women who intend to make serving on a board of directors the next step on their career path. Designed for nonprofit, private and/or public board participation, Board Access™ provides participants with customized access to board recruiters and key influencers in the board of directors world. The program includes six elements: board readiness assessments; one-to-one coaching sessions; an interview with a professional board recruiter; meeting with influential board members of a key local business; board simulation; and additional resources and networking with top-ranking women. Advocating for Board Access Watermark is proud to be a member of ION, the InterOrganization Network (www.ionwomen.org). Formed in 2004, ION advocates for the advancement of women to positions of power in the business world, especially to boards of directors and executive suites. Watermark is committed to increasing representation of women at executive levels to drive innovation, human development and economic growth. We do this by providing world-class programs and a safe and trusted environment where executive women come together as business advisors to share their stories, problem solve and grow. Marilyn Nagel CEO, Watermark marilyn@wearewatermark.org Watermark, a community of executive women www.wearewatermark.org 3 2012 UC Davis Census MET HOD OL OG Y The sample of companies used in the 2012-2013 UC Davis Study of California Women Business Leaders consists of the largest 400 California companies, as measured by their market capitalization on December 31, 2011. Each firm’s market capitalization at year-end was obtained from the combined Compustat/CRSP (Center for Research on Security Prices) database. The director and executive information was compiled from each company’s most recent Definitive Proxy Report (DEF 14A) filed with the Securities and Exchange Commission (SEC) prior to October 1, 2012. Companies that failed to file a DEF 14A with the SEC during the 16 months prior are excluded from our study. The data were purchased from Innovaccer, and incomplete data were filled in using Edgar. Ethnicity data were purchased separately from Microquest. The data in this study reflect the state of affairs at each company’s fiscal year-end, except in the following cases. All ethnicity data was obtained from company websites and SEC filings via the Microquest “Shattering The Glass Ceiling” database and is current as of August 2012. The other Fortune 500 boards on which California women directors serve were obtained from the BoardEx database, Forbes profiles and individual company websites as of October 1, 2012. As in previous years, we restrict our analysis of executives to the highest-paid executives as identified in the Summary Compensation Table in the DEF 14A, and exclude those named executive officers who had left the role prior to the company’s fiscal year end. Highest-paid executives include the chief executive officer (CEO), the chief financial officer (CFO) and the three other most highly compensated executive officers. For one company that did not provide a Summary Compensation Table (because it is externally managed and therefore has no direct employees), we included all of the company’s named executive officers. We have taken all reasonable steps to confirm the data and ensure their accuracy. Any remaining errors or omissions are the sole responsibility of the author. Data Providers InnovAccer is a data processing and analytics research company. For more information, see www.innovaccer.com. Microquest’s diversity database tracks ethnically diverse and Caucasian female Fortune 1000 talent. For more information, see www.mqc.com. 2012 UC Davis Census 4 I N T R O D UC T I O N Our eighth annual UC Davis Study of California Women Business Leaders: A Census of Women Directors and Highest-Paid Executives uses publicly available data to report on the status of women in the top decision-making positions of the largest public companies headquartered in California. This year, for the first time, the study includes the ethnicities of women and men directors and CEOs (see page 10). With regard to gender diversity in corporate leadership, progress is gradual since our last census. Women comprise just 9.9% of the directors and highest-paid executives of the 400 largest companies in the state, up slightly from 9.7% in 2011. There has been an increase of 0.5% in the percentage of women directors since last year, the largest increase since 2008. Women comprise 10.5% of board seats in 2012. This continues a modest upward trend from 8.8% in 2006. Of the 339 companies that were also in last year’s census, 34 companies have fewer women directors this year, and 47 have more women directors. For executive officers, we find 8.9% of highest-paid executive positions held by women. Highest-paid executive positions include the chief executive officer (CEO), the chief financial officer (CFO) and the three other most highly compensated executives. This percentage represents a slight decrease from last year, 9.2%. The percentage of female CEOs remains unchanged from last year, holding at 3.3% of California’s largest 400 companies this year. Percent of Women Directors, Highest-Paid Executives and CEOs at California's 400 Largest Public Companies* Percent Women Top Executives Percent Women Directors Percent Highest-Paid Women Executives 14% Percent Women CEOs 12% 10.5% 10% 8.9% 8% 6% 4% 3.3% 2% 0% 2006 2007 2008 2009 2010 2011 2012 *The 2005 census is excluded because it included only 200 firms. 5 2012 UC Davis Census 2012 EXEC U T I VE S U M M A RY Directors and Highest-Paid Executives • • Percent of Director and Highest-Paid Executive Positions by Gender Only 9.9% of the board seats and highest-paid executive positions in the 400 largest public companies headquartered in California are held by women. 9.9% Only 1.5% of directors (13 of 846) and 1.2% of CEOs (1 of 85) at the 85 Fortune 1000 companies in this study are Asian, African-American or Hispanic women. Positions Held by Women 90.1% Directors Positions Held by Men • Women hold 10.5% of the 3,189 board seats in the 400 largest public companies in California. • Almost half (44.8%) of California’s companies have no women directors. • 33.8% of the 400 companies have only one woman director. • Compared to our 2011 report, there has been a slight increase (0.5%) in the percentage of women directors. Highest-Paid Executives • Women account for 8.9% of the 2,005 highest-paid executives in the 400 largest public companies in California. • Almost two-thirds, 63.3%, of California’s companies have no women among the highest-paid executives. • Only 29 (7.3%) of the companies have two or more women among the highest-paid executives. • Only 13 (3.3%) of the 400 largest public companies in California have a woman serving as CEO. Percent of Companies with Women in Director and Highest-Paid Executive Positions 35% 32.0% 30% 30.5% 25% 22.8% 20% 15% 9.3% 10% 4.3% 5% 0% 0 1 2 3 4 0.5% 0.5% 0.3% 5 6 7 Total Number of Positions Held by Women 2012 UC Davis Census 6 Industry Makes a Difference • The consumer goods sector has the highest percentage of women directors, with 15.0%, and the third-highest percentage of companies with at least one woman director (64.8%). • The health care sector has the highest percentage of companies with at least one woman director (68.4%). • Only 4.9% of directors in the semiconductors sector are women. Fewer than 30% of the companies in this sector have female directors, and only 9.3% of the companies (five of 54) have more than one woman director. • The consumer goods sector and the pharmaceuticals sector have the largest percentages of highest-paid women executives, with 13.4% and 12.6%, respectively. The same two sectors also have the highest percentages of companies with at least one woman executive, 48.1% and 50.0%, respectively. • The semiconductors sector has the lowest percentages of women highest-paid executives (4.9%). Company Size Makes a Difference • Overall, the largest companies have larger boards and nearly three times as many women directors as the smallest companies (1.8 women, on average, versus 0.65). • California has 12 Fortune 100 companies, all of which have at least one woman director, and 75% of which have two or more women directors. • Companies with the largest market capitalization ($53 billion on average) have the highest average share of women directors, with 17.7%. Companies in the third smallest market capitalization category ($392 million on average) have the smallest average percentage of women board members (5.5%). • While the largest firms tend to have the highest percentage of women directors, there is no discernible positive relationship between market capitalization and the percentage of highest-paid women executives. Location Makes a Difference • Most of California’s largest companies are located in the San Francisco Bay Area (54%), including 28% in Santa Clara County, and in Southern California (42%). • Among counties with at least 20 companies, San Francisco County has the greatest percentage of women directors (15.5%), and Orange County in Southern California has the least (7.7%). • Among counties with at least 20 companies, Alameda is the top locale for highest-paid women executives, with 14.4% highest-paid women executives. • Silicon Valley (Santa Clara County) has only 6.6% highest-paid women executives, the lowest percentage among counties with at least 20 companies. 7 2012 UC Davis Census CA LIFORN I A’ S T OP 2 5 The Corporate Leaders of Gender Diversity in the Boardroom and Executive Suite Although women are sorely underrepresented in the corporate boardrooms and top executive offices of the 400 largest public companies headquartered in California, there are firms that incorporate a significant percentage of women in their leadership. Our Top 25 list highlights the companies with the highest percentage of women leaders. At each of these companies women occupy at least 25% of the board seats and highest-paid executive positions. The top four companies stand out for their commitment to incorporate women into key leadership roles. These companies each have women in at least one-third of their board seats and highest-paid executive positions. The Top 25 companies cover a range of industries and sizes. They include a number of companies that provide consumer goods and services (e.g., Walt Disney Co., Jack in the Box Inc., Peet’s Coffee & Tea Inc. and Netflix Inc.). They also include two pharmaceutical firms (Amylin Pharmeceuticals Inc. and Bio-Rad Laboratories Inc.), several computer hardware and software companies (such as Hewlett-Packard Co. and Advent Software Inc.) and a public utility (American States Water Co.). Some of the largest California companies (such as Wells Fargo & Co. and McKesson Corp.) appear on this list, as do some of the smallest companies in our sample (such as QAD Inc. and AMN Healthcare Services Inc.). Eleven of these companies and eight of the top 12 companies have a woman serving as CEO, suggesting that women in the top position include more women on their leadership teams. However, it is important not to read too much into that figure, as companies with a woman CEO who also serves on the board receive an extra boost in our rankings for having a woman in both of those positions. Comparing the Top 25 in 2011 and 2012 • Two of the four companies that top our list in 2012, bebe stores inc. and LTC Properties Inc., have been among the top four companies for three years in a row. • Nine companies are new to the Top 25 this year: Bio-Rad Laboratories Inc., Corinthian Colleges Inc., Jack in the Box Inc., Juniper Networks Inc., Netflix Inc., NETGEAR Inc., QAD Inc., QuinStreet Inc. and West Marine Inc. • Eight companies on last year’s Top 25 list did not appear on this year’s list. Two were not included in this year’s census. Six companies were included in this year’s census but dropped in rank. With so few women business leaders, the loss of even one or two from a company can have a significant impact on the gender diversity of its board room and executive suite. 2012 UC Davis Census 8 Califo r ni a ’s Top 25 C omp a n i es California's Top 25 Companies* 2012 RANK 2011 RANK 1 2 3 4 5 5 5 5 9 10 11 12 12 12 12 16 16 18 18 18 21 21 21 21 21 21 21 21 9 1 7 2 2 2 19 2 19 6 30 9 9 13 30 7 44 120 21 60 16 14 74 14 21 173 DIRECTOR & HIGHEST-PAID EXECUTIVE POSITIONS HELD BY WOMEN COMPANY Williams-Sonoma Inc. bebe stores inc. American States Water Co. LTC Properties Inc. Advent Software Inc. AMN Healthcare Services Inc. Walt Disney Co. Wet Seal Inc. Wells Fargo & Co. Hewlett-Packard Co. Jack in the Box Inc. Deckers Outdoor Corp Hot Topic Inc. McKesson Corp NETGEAR Inc. QAD Inc. West Marine Inc. BRE Properties Inc. Corinthian Colleges Inc. Juniper Networks Inc. Amylin Pharmaceuticals Inc. Bio-Rad Laboratories Inc. DineEquity Inc. Ensign Group Inc. Netflix Inc. Peet's Coffee & Tea Inc. PS Business Parks Inc. QuinStreet Inc. *There are 28 companies included in our Top 25 because of ties in the rankings. 9 46.7% 40.0% 37.5% 36.4% 33.3% 33.3% 33.3% 33.3% 31.6% 31.3% 30.8% 28.6% 28.6% 28.6% 28.6% 27.3% 27.3% 26.7% 26.7% 26.7% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0% 2012 UC Davis Census R ACE & ET HNI C I T Y A Snapshot of Race and Ethnicity of Directors and CEOs The underrepresentation of women is only one way to measure the variety of perspectives represented on an executive leadership team or corporate board. Within the context of addressing gender diversity, we also explore the race and ethnicity of women and men corporate directors and chief executive officers at 85 of the 400 California companies in our study that also appeared on the 2012 Fortune 1000 list. It deserves mention that the population of California is very diverse, with Whites (non-Hispanic) and Hispanics/Latinos almost tied for the largest minority group (39.7% and 38.1%, respectively, according to the Census Bureau). The population diversity in California is a potential advantage to corporations that seek to include a variety of perspectives in their strategic decision-making process. Key Statistics • Of the 846 directors at these 85 companies, 137 (16.2%) are women and 709 (83.8%) are men. The vast majority (88.8%) of these directors are Caucasian. • Separately, the majority of both men and women directors are Caucasian. Only 9.5% of women directors are Asian, African-American, Hispanic or Latina, while 11.6% of men directors are Asian, African-American, Hispanic, or Latino. Ethnicity of Men Directors in 85 of California's Largest Fortune 1000 Companies Ethnicity of Women Directors in 85 of California's Largest Fortune 1000 Companies 7.6% 5.1% 2.3% 1.7% 2.9% 1.5% Caucasian Caucasian Asian Asian Hispanic or Latino 90.5% • Hispanic or Latino 88.4% African-American African-American Looking at individual companies, the board of directors is composed of a majority of Caucasian men at almost all of these 85 companies (79 companies, or 92.9%). This includes nine companies that have all-Caucasian male boards. 2012 UC Davis Census 10 • At these 85 companies, almost three-quarters (74.1%) of the directors are Caucasian men, 14.7% are Caucasian women, 9.7% are Asian, African-American and Hispanic men, and 1.5% are Asian, African-American and Hispanic/Latina women. That means three out of four directors, on average, are Caucasian men, while only one out of 65 directors (1.5%) is a non-Caucasian woman. 80% Percent of Directors by Ethnicity in 85 of California's Largest Fortune 1000 Companies 74.1% 70% 60% 50% 40% 30% 20% 14.7% 9.7% 10% 1.5% 0% Caucasian Male • Caucasian Female African-American, Asian, Hispanic or Latino Male African-American, Asian, Hispanic or Latina Female Of the chief executive officers at these 85 companies, only seven are Asian or Hispanic and none are African-American. Only five of these 85 chief executives are women. The limited number of women prevents a judicious comparison between men and women CEOs by ethnicity. Chief Executive Officer Positions Held by Ethnicity in 85 of California’s Largest Fortune 1000 Companies 7.1% 1.2% Caucasian Asian Hispanic or Latino 91.8% African-American 11 2012 UC Davis Census WOMEN BOARD DIRECTORS: SUMMARY Women, for all their economic clout, continue to play a very limited role in corporate governance in California’s 400 largest public companies. Among directors at these firms, only 10.5%, or 334, of the 3,189 board seats are held by women. Board Seats Held by Gender in California's 400 Largest Public Companies 10.5% The size of boards of directors of California’s largest companies ranges from three to 15, with an average of eight members per board. Women Directors The percentage of women directors has increased from 10.0% in 2011 to 10.5% in 2012. Of the 339 companies that were also in the 2011 census, 18 have fewer woman directors while 27 have more women directors. Men Directors 89.5% Overall, companies have fewer directors in 2012. On net, companies have more women directors than last year and fewer men directors. However, the increase in women is far from compensating for the decrease in men. There are 58 fewer men directors and 12 additional women directors. Key Statistics • Nearly half (44.8%) of California’s 400 largest public companies have no women directors. • 33.8% of the companies have one woman director. • Only 86 (21.5%) of the companies have two or more women directors. Percent of Companies with Women Directors 50% 45% 44.8% 40% 33.8% 35% 30% 25% 20% 16.0% 15% 10% 4.5% 5% 0% 0 1 2 3 Number of Women Directors 2012 UC Davis Census 12 0.8% 0.3% 4 5 WOMEN BOARD DIRECTORS BY COMPANY There are 22 companies (5.5%) with three or more women directors. Companies with Three or More Women Directors # women directors in 2012 in red (# women directors in 2011 in blue) Wells Fargo & Co. 5 (4) Deckers Outdoor Corp 3 (3) McClatchy Co. 3 (3) McKesson Corp 3 (3) American States Water Co. 4 (3) Google Inc. 3 (2) Walt Disney Co. 4 (4) Health Net Inc. 3 (3) NETGEAR Inc. 3 (2) Williams-Sonoma Inc. 4 (2) Hewlett-Packard Co. 3 (4) Trius Therapeutics Inc. 3 (3) Hot Topic Inc. 3 (2) Visa Inc. 3 (3) Amylin Pharmaceuticals Inc. 3 (3) Jack in the Box Inc. 3 (2) West Marine Inc. 3 (2) BRE Properties Inc. 3 (3) Kaiser Aluminum Corp 3 (3) Cisco Systems Inc. 3 (2) Mattel Inc. 3 (3) Corinthian Colleges Inc. 3 (2) 44.8% (179) of California’s 400 largest public corporations have no women directors. Companies with No Women Directors 8x8 Inc. Core Mark Holding Co. Inc. Jive Software Inc. Rentech Inc. ABAXIS Inc. Cornerstone OnDemand Inc. JMP Group Inc. Resmed Inc. Acacia Research Corp Cubic Corp Kilroy Realty Corp Responsys Inc. Accelrys Inc. CVB Financial Corp Leap Wireless International Inc. Rigel Pharmaceuticals Inc. Active Network Inc. Cymer Inc. LeapFrog Enterprises Inc. Riverbed Technology Inc. Activision Blizzard Inc. Cypress Semiconductor Corp Ligand Pharmaceuticals Inc. RPX Corp Actuate Corp Demand Media Inc. Limoneira Co. Sabra Health Care REIT Inc. Adobe Systems Inc. Dolby Laboratories Inc. Linear Technology Corp Santarus Inc. AeroVironment Inc. eHealth Inc. Live Nation Entertainment Inc. SciClone Pharmaceuticals Inc. Air Lease Corp Electronics for Imaging Inc. MannKind Corp Semtech Corp Align Technology Inc. Emulex Corp Masimo Corp Sequenom Inc. Alpha and Omega Semiconductor Ltd Encore Capital Group Inc. Maxim Integrated Products Inc. ServiceSource International Inc. American Assets Trust Inc. Endologix Inc. MaxLinear Inc. ShoreTel Inc. American Reprographics Co. Entropic Communications Inc. Maxygen Inc. Sigma Designs Inc. Silicon Graphics International Corp Anthera Pharmaceuticals Inc. Epocrates Inc. McGrath RentCorp Anworth Mortgage Asset Corp Equinix Inc. Medivation Inc. Silicon Image Inc. Applied Micro Circuits Corp Exar Corp Micrel Inc. Skechers U.S.A. Inc. Arden Group Inc. Excel Trust Inc. Microsemi Corp Spansion Inc. Aruba Networks Inc. Exelixis Inc. Mindspeed Technologies Inc. STAAR Surgical Company ASA Gold and Precious Metals Ltd Extreme Networks Inc. Monster Beverage Corp Stamps.com Inc. Astex Pharmaceuticals Inc. Fairchild Semiconductor International Inc. MoSys Inc. Standard Pacific Corp Atmel Corp Finisar Corp Nanometrics Inc. STEC Inc. AVANIR Pharmaceuticals Inc. Fluidigm Corp NetApp Inc. Supertex Inc. Aviat Networks Inc. FormFactor Inc. Newport Corp Synaptics Inc. Boingo Wireless Inc. Fortinet Inc. NVIDIA Corp Tejon Ranch Co. BreitBurn Energy Partners LP GenCorp Inc. Obagi Medical Products Inc. Tesla Motors Inc. Cadence Pharmaceuticals Inc. Hansen Medical Inc. Ocz Technology Group Inc. Tessera Technologies Inc. Cadiz Inc. Hercules Technology Growth Capital Inc. OmniVision Technologies Inc. Tetra Tech Inc. CAI International Inc. Hudson Pacific Properties Inc. OpenTable Inc. True Religion Apparel Inc. California First National Bancorp ICU Medical Inc. Oplink Communications Inc. TTM Technologies Inc. Ultratech Inc. Calix Inc. Impax Laboratories Inc. Optimer Pharmaceuticals Inc. Callaway Golf Co. Infinera Corp OSI Systems Inc. Universal Electronics Inc. Cavium Inc. Informatica Corp Outdoor Channel Holdings Inc. ValueClick Inc. Central Garden & Pet Co. Inphi Corp Pandora Media Inc. VCA Antech Inc. Century Aluminum Co. Integrated Device Technology Inc. PDF Solutions Inc. Verifone Systems Inc. Ceradyne Inc. Integrated Silicon Solution Inc. Pericom Semiconductor Corp ViaSat Inc. Ceva Inc. Intermolecular Inc. Pharmacyclics Inc. Vical Inc. Cheesecake Factory Inc. InterMune Inc. Plantronics Inc. Vivus Inc. City National Corp Intevac Inc. PMC-Sierra Inc. Volcano Corp Clean Energy Fuels Corp InvenSense Inc. Power Integrations Inc. Volterra Semiconductor Corp Codexis Inc. IPC The Hospitalist Co. Inc. Power-One Inc. Websense Inc. Cohu Inc. ISTA Pharmaceuticals Inc. Questcor Pharmaceuticals Inc. Wesco Aircraft Holdings Inc. Colony Financial Inc. IXYS Corp Quiksilver Inc. Zogenix Inc. Copart Inc. j2 Global Inc. ReachLocal Inc. Zynga Inc. Corcept Therapeutics Inc. JAKKS Pacific Inc. Reliance Steel & Aluminum Co. 13 2012 UC Davis Census WHO ARE THE WOMEN DIRECTORS? Most women who serve on the boards of the 400 largest public companies in California serve only on one board in our census, although many of these women serve on multiple boards across the country. Of the 3,189 director positions at the 400 companies, 334 positions are held by 313 women. Of these women, 35 (11.2%) hold at least two board seats among companies in the 2012 Fortune 500, 10 (3.2%) hold three such seats, two women (0.6%) each hold four such seats, and one woman (0.3%) holds five such seats. Women Who Serve on More than One Board in the Fortune 500 Linda Fayne Levinson (5) Patricia F. Russo (4) Charlene Barshefsky (4) Kristina M. Johnson (3) Bonnie G. Hill (3) Dawn Hudson (3) Suzanne Nora Johnson (3) Andrea Jung (3) Laura D. Tyson (3) Susan L. Decker (3) M. Michele Burns (3) Elaine L. Chao (3) Jackie M. Ward (3) Roxanne S. Austin (2) H. Paulett Eberhart (2) Linda Griego (2) Susan M. James (2) Monica C. Lozano (2) Lynn Schenk (2) Maria M. Klawe (2) Linnet F. Deily (2) Nancy Newcomb (2) Sherry Lansing (2) Mary Anne Citrino (2) France A. Córdova (2) Mellody Hobson (2) Debra L. Reed (2) Ann M. Livermore (2) Margaret C. Whitman (2) Jocelyn E. Carter-Miller (2) Geraldine B. Laybourne (2) Cathy E. Minehan (2) Frances D. Fergusson (2) Susan E. Arnold (2) Susan E. Engel (2) Hertz, Ingram Micro, Jacobs Engineering, NCR, Western Union Alcoa, General Motors, Hewlett-Packard, Merck American Express, Estée Lauder, Intel, Starwood Hotels & Resorts AES, Boston Scientific, Cisco AK Steel, Home Depot, Yum Brands Allergan, Interpublic Group, Lowe's American International Group, Pfizer, Visa Apple, Avon Products, General Electric AT&T, CBRE Group, Morgan Stanley Berkshire Hathaway, Costco, Intel Cisco, Goldman Sachs, Walmart Dole Food, News Corporation, Wells Fargo Sanmina-SCI, Sysco, WellPoint Abbott Laboratories, Target Advanced Micro Devices, Anadarko AECOM, CBS Applied Materials, Yahoo Bank of America, Walt Disney Biogen Idec, Sempra Energy Broadcom, Microsoft Chevron, Honeywell DirecTV, Sysco Dole Food, Qualcomm Dollar Tree, Health Net Edison International, SAIC Estée Lauder, Starbucks Halliburton, Sempra Energy Hewlett-Packard, United Parcel Service Hewlett-Packard, Proctor & Gamble Interpublic Group, Principal Financial J.C. Penney, Symantec MassMutual, Visa Mattel, Pfizer McDonald's, Walt Disney Supervalu, Wells Fargo † †As of October 1, 2012. Differs from Appendix B, which reflects directorships at most recent fiscal year end (typically December 31, 2011). Includes companies located outside California. Information in this table is based on the BoardEx database (www.boardex.com), director profiles in Forbes (http://people.forbes.com) and individual company websites. Executive Chairman Julia Stewart DineEquity, Inc. Kimberly J. Popovits Genomic Health Inc. Lisa Harper Hot Topic Inc. Linda Lang Jack in the Box Inc. Pamela M. Lopker QAD Inc. Non-Executive Chairman Kathryn Tunstall 2012 UC Davis Census Conceptus, Inc. 14 WOMEN BOARD DIRECTORS BY INDUSTRY More than one-half (55.3%) of the 400 largest public companies in California have at least one woman director. But there is more to this story. When the companies are categorized by industry, the data reveal a wide variation of representation of women in the boardrooms of companies across sectors. We obtained each company’s four-digit global industry classification (GIC) code from Compustat. We then sorted companies into nine broad industry sectors using both the GIC industry-level categories and the GIC sector-level categories to ensure the presence of at least 10 companies in every group. Key Statistics • The healthcare sector has the largest percentage of companies, 26 out of 38 (68.4%), with at least one woman director, but only 13.2% of the companies in the sector have more than one woman director. • The financial services, consumer goods and technology software sectors follow with 65.1%, 64.8% and 63% of their companies, respectively, having at least one woman director. Approximately 40% of companies in the financial services and consumer goods sectors have more than one woman director. • At the other end of the spectrum, only 15 (27.8%) companies in the semiconductors sector have one or more than one woman director. In all other industries, at least 50% of companies have one or more women directors. How Industries Compare: Percent of Companies with One or More Women Directors Health Care 68% Financial Services 65% Consumer Goods 65% Technology Software 63% Utilities & Telecommunications 60% Pharmaceuticals 54% Technology Hardware 53% Energy, Materials & Industrials 50% Semiconductors 0% 28% 10% 20% 30% 40% 15 50% 60% 70% 80% 90% 100% 2012 UC Davis Census WOMEN BOARD DIRECTORS BY INDUSTRY Among the 400 largest public companies in California this year, no single industry has more than one woman for every five men on the board of directors, on average. Women are significantly less likely to be present in the boardrooms of companies in the semiconductors sector, with women representing only 4.9% of directors in that industry. Women also represent only 7.5% of directors in the energy, materials & industrials sector. The industry with the highest overall average percentage of women directors is the consumer goods sector (15%). Percent of Women Directors by Industry INDUSTRY Consumer Goods Utilities & Telecommunications Financial Services Health Care Technology Software Pharmaceuticals Technology Hardware Energy, Materials & Industrials Semiconductors 2012 UC Davis Census PERCENT WOMEN DIRECTORS 15.0% 14.1% 14.0% 11.2% 11.2% 9.6% 9.1% 7.5% 4.9% 16 NUMBERS OF COMPANIES 54 10 43 38 54 56 53 38 54 WOMEN BOARD DIRECTORS BY COMPANY SIZE There is a link between corporate size and the percentage of women on the board of directors. On average, large companies have larger boards and a greater representation of women on those boards. The positive relationship between size and the representation of women on the board is clear whether size is measured by total revenue or market capitalization. We determined whether the firms in our study appear on Fortune magazine’s list of the largest 1000 companies for 2012, as measured by total revenue. Of our 400 California companies, 85 are among the Fortune 1000 companies. There are 12 California public companies on the Fortune 100 list, 39 on the Fortune 101–500 list and 34 on the Fortune 501–1000 list. Women Directors in California Companies in the Fortune 1000 COMPANY NAME (FORTUNE RANK) NUMBER OF WOMEN DIRECTORS PERCENTAGE WOMEN DIRECTORS Chevron Corp (3) Hewlett-Packard Co. (10) McKesson Corp (14) Apple Inc. (17) Wells Fargo & Co. (26) Intel Corp (51) Safeway Inc. (63) Cisco Systems Inc. (64) Walt Disney Co. (66) Google Inc. (73) Ingram Micro Inc. (81) Oracle Corp (82) 39 companies in Fortune 101-500 34 companies in Fortune 501-1000 1 3 3 1 5 2 1 3 4 3 2 2 59 41 9.1% 27.3% 33.3% 12.5% 33.3% 20.0% 12.5% 23.1% 40.0% 30.0% 22.2% 16.7% 14.8% 14.3% We also determined the market capitalization of the firms in our study and categorized firms into 10 equally sized market cap deciles of 40 companies each. The companies in the largest size group averaged $53 billion in market capitalization. The largest market capitalization in our study was $354 billion. Companies in the smallest size group averaged $178 million. The smallest market capitalization in our study was $145 million. Percent of Women Directors by Company Size (Market Capitalization) 20% 17.7% 18% 16% 14% 11.8% 12% 10% 8.8% 8.7% 9.0% 8.7% 7 ($527) 6 ($693) 9.3% 12.2% 9.8% 8% 5.5% 6% 4% 2% 0% 10 ($178) 9 ($267) 8 ($392) 5 4 3 2 1 ($962) ($1,579) ($2,869) ($6,580) ($53,422) Size Decile (Average Market Capitalization in Millions) 17 2012 UC Davis Census WOMEN BOARD DIRECTORS BY COMPANY SIZE Number of Women Directors by Company Size DECILE 10 9 8 7 6 5 4 3 2 1 AVERAGE MARKET CAPITALIZATION (IN MILLIONS) $178 $267 $392 $527 $693 $962 $1,579 $2,869 $6,580 $53,422 AVERAGE SIZE OF BOARD 7.4 7.2 7.3 7.5 7.5 7.6 8.1 8.3 8.6 10.3 COMPANIES WITH NO WOMEN 22 23 27 17 21 23 19 15 9 3 COMPANIES WITH ONE WOMAN 18 17 13 23 19 17 21 25 31 37 COMPANIES WITH TWO OR MORE WOMEN 6 6 2 4 5 9 9 9 10 26 PERCENT OF WOMEN 8.8% 8.7% 5.5% 9.0% 8.7% 9.3% 9.8% 11.8% 12.2% 17.7% The California Fortune 100 companies have an average of at least one woman on the board for every four men. These 12 companies have boards composed of 23.8% women, on average. Of the Fortune 101–500 companies, 89.7% (35 of 39) have at least one woman director, with an average of 14.8% women directors. Of the Fortune 501–1000 firms, 76.5% (26 of 34) have at least one woman director, with an average of 14.3% women directors. The three largest size deciles (with market capitalization averaging $2.9 billion and above) have the largest boards, averaging 8.3, 8.6 and 10.3, respectively, and some of the highest average percentages of women directors. As a group, these 120 companies average 14.2% women directors, where 93 companies (77.5%) have at least one woman director and 45 companies (37.5%) have two or more women board members. The three smallest size deciles (with market capitalization averaging $392 million and below) have about seven-member boards on average, and 8.8%, 8.7% and 5.5% of their board seats, respectively, on average, are filled by women. The majority (60.0%) of these 120 companies have no women board members. Only 14 (11.7%) of these companies have more than one woman director (Affymax Inc., AMN Healthcare Services Inc., Arena Pharmaceuticals Inc., Big 5 Sporting Goods Corp, Corinthian Colleges Inc., Echelon Corp, Farmer Brothers Company, Hot Topic Inc., Keynote Systems Inc., McClatchy Co., Move Inc., Solta Medical Inc., Trius Therapeutics Inc., West Marine Inc.). Key Statistics • All of the 12 California Fortune 100 companies have at least one woman director, and 53.8% have two or more women directors. • Overall, the largest companies have almost three times as many women directors as the smallest companies (1.8 women, on average, versus 0.65) and twice the proportional representation of women on the board (17.7% versus 8.8%). 2012 UC Davis Census 18 WOMEN BOARD DIRECTORS BY LOCATION The majority of the 400 largest public companies in California are located in the San Francisco Bay Area (215) and in Southern California (169). The remaining are headquartered in Central Coast counties (13) and along the Central Valley (3). Below we report the key statistics. Comparisons involving counties with only a small number of companies should be interpreted with caution. By Region Central Coast Bay Area Southern California Central Valley No. of Firms 13 215 169 3 Key Statistics • • • Firms headquartered in the Bay Area and Southern California have the same percentage of women directors (9.8%). There are too few firms headquartered in the Central Coast and Central Valley regions to make judicious comparisons involving these regions. Focusing on counties with more than 20 companies, San Francisco County has the highest percentage of women board members (15.5%), followed by Los Angeles with 11.0% and San Diego with 10.2%, respectively. Among counties with more than 20 companies, Silicon Valley (Santa Clara County) and Orange County have the lowest average percentage of women board members (8.4% and 7.7%, respectively). % Women Directors 11.5% 9.8% 9.8% 9.1% Central Coast Santa Barbara Santa Cruz Ventura Monterey No. of Firms 2 3 7 1 % Women Directors 25.0% 18.5% 6.3% 0.0% Bay Area Marin San Francisco Contra Costa San Mateo Alameda Santa Clara Sonoma Solano No. of Firms 5 25 5 37 29 112 1 1 % Women Directors 18.1% 15.5% 10.0% 9.9% 9.6% 8.4% 0.0% 0.0% Southern California Los Angeles San Diego Orange Riverside San Bernardino No. of Firms 78 50 38 2 1 % Women Directors 11.0% 10.2% 7.7% 0.0% 0.0% Central Valley Sacramento Kern No. of Firms 2 1 % Women Directors 13.6% 0.0% For complete county-by-county data: See Appendix C, page 43. 19 2012 UC Davis Census HIGHEST-PAID WOMEN EXECUTIVES: SUMMARY Women executives in California’s 400 largest public companies continue to be relatively scarce among the five highest-paid officers in each organization. Highest-Paid Executive Positions Held by Gender in California’s 400 Largest Public Companies 8.9% Women account for only 8.9% (178) of the 2,005 highestpaid executives in these firms, a slight decrease from 9.2% of these positions in 2011. Of the 339 companies in our study that were also in the 2011 census, 286 have the same number of highest-paid women executives, 23 companies have fewer women among the highest-paid executives, and 30 companies have more women among highest-paid executives. Highest-Paid Women Executives 91.1% Highest-Paid Men Executives These highest-paid executive positions include the chief executive officer (CEO), the chief financial officer (CFO) and the three other most highly compensated executives. Key Statistics • Almost two-thirds (63.3%) of California’s 400 largest public companies have no women among the highest-paid executives. • Another 29.5% of the state’s companies have only one woman among the highest-paid executives. • Only 29 (7.3%) companies have two or more women among the highest-paid executives. 70% Percent of Companies with Highest-Paid Women Executives 63.3% 60% 50% 40% 29.5% 30% 20% 6.8% 10% 0.5% 0% 0 1 2 Number of Highest-Paid Women Executives 2012 UC Davis Census 20 3 HIGHEST-PAID WOMEN EXECUTIVES BY COMPANY Only 29 of California’s 400 largest public companies have two or more women among highest-paid executives. Companies with Two or More Highest-Paid Women Executives # women top executives in 2012 in red (# women top executives in 2011 in blue) Wet Seal Inc. 3 (3) CAI International Inc. 2 (1) Oplink Communications Inc. 2 (2) Williams-Sonoma Inc. 3 (2) DineEquity Inc. 2 (2) Plantronics Inc. 2 (2) Advent Software Inc. 2 (2) DreamWorks Animation Inc. 2 (2) QAD Inc. 2 (2) American States Water Co. 2 (2) Ensign Group Inc. 2 (2) Quantum Corp 2 (2) AMN Healthcare Services Inc. 2 (2) Exelixis Inc. 2 (3) QuinStreet Inc. 2 (1) Hewlett-Packard Co. 2 (2) Safeway Inc. 2 (2) Amyris Inc. 2 (2) Anthera Pharmaceuticals Inc. 2 (2) Juniper Networks Inc. 2 (1) Santarus Inc. 2 (2) LTC Properties Inc. 2 (2) Sempra Energy 2 (1) Anworth Mortgage Asset Corp 2 (1) bebe stores inc. 2 (2) Medivation Inc. 2 (1) Zogenix Inc. 2 (2) NVIDIA Corp 2 (1) Bridgepoint Education Inc. 2 (1) Almost two-thirds, or 253, of the state’s 400 largest public companies have no women among the highest-paid executives. These companies report, on average, 4.9 male highest-paid executives each. • Of the 339 companies that were also in the 2011 census, 208 (61.4%) have no women among the highest-paid executives in 2012. Of these 208, 194 (93.3%) also had no women among the highest-paid executives in 2011. Two companies (1.0%) had two women among the highest-paid executives in 2011 but lost two women in the last year, and the remaining 12 companies (5.8%) had one woman among the highest-paid executives in 2011 but lost a woman in the last year. • Of the 61 companies that were not in the 2011 census, 45 (73.8%) have no women among the highest-paid executives in 2012. Companies with No Women among the Highest-Paid Executives ABAXIS Inc. Calavo Growers Inc. Essex Property Trust Inc. Life Technologies Corp Power Integrations Inc. Sunstone Hotel Investors Inc. Acacia Research Corp California First National Bancorp Exar Corp Ligand Pharmaceuticals Inc. Power-One Inc. Superior Industries International Inc. Supertex Inc. Accelrys Inc. California Water Service Group Excel Trust Inc. Limoneira Co. PriceSmart Inc. Activision Blizzard Inc. Calix Inc. Exponent Inc. Linear Technology Corp Procera Networks Inc. Symantec Corp Actuate Corp Callaway Golf Co. Farmer Brothers Company LinkedIn Corp ProLogis Inc. Symmetricom Inc. Adobe Systems Inc. CapitalSource Inc. Financial Engines Inc. Lions Gate Entertainment Corp QUALCOMM Inc. SYNNEX Corp Advanced Micro Devices Inc. Cavium Inc. Finisar Corp Macerich Co. Quality Systems Inc. Synopsys Inc. Affymetrix Inc. CBRE Group Inc. Fluidigm Corp MannKind Corp Quidel Corp Teledyne Technologies Inc. Agilent Technologies Inc. Cepheid Inc. FormFactor Inc. Masimo Corp Quiksilver Inc. TeleNav Inc. Air Lease Corp Ceradyne Inc. Fortinet Inc. Mattel Inc. Raptor Pharmaceutical Corp Tesla Motors Inc. Alexandria Real Estate Equities Inc. Ceva Inc. Glu Mobile Inc. Maxim Integrated Products Inc. ReachLocal Inc. Tessera Technologies Inc. Align Technology Inc. Cisco Systems Inc. Google Inc. MaxLinear Inc. RealD Inc. Tetra Tech Inc. Allergan Inc. Citrix Systems Inc. Green Dot Corp Maxwell Technologies Inc. Realty Income Corp Theravance Inc. Alpha and Omega Semiconductor Ltd. City National Corp Guess? Inc. Maxygen Inc. Rentech Inc. TIBCO Software Inc. Alphatec Holdings Inc. Clean Energy Fuels Corp Guidance Software Inc. McGrath RentCorp Resmed Inc. Trimble Navigation Ltd Altera Corp Codexis Inc. Hansen Medical Inc. Mercury General Corp Responsys Inc. Trius Therapeutics Inc. American Assets Trust Inc. Cohu Inc. Health Net Inc. Micrel Inc. Rigel Pharmaceuticals Inc. TTM Technologies Inc. American Reprographics Co. Colony Financial Inc. Hudson Pacific Properties Inc. Microsemi Corp Riverbed Technology Inc. Tutor Perini Corp American Vanguard Corp Copart Inc. Informatica Corp Mindspeed Technologies Inc. Robert Half International Inc. Ultratech Inc. United Online Inc. Amgen Inc. CoreLogic Inc. Ingram Micro Inc. MIPS Technologies Inc. Rovi Corp Anacor Pharmaceuticals Inc. Cornerstone OnDemand Inc. Inphi Corp Mitek Systems Inc. RPX Corp Universal Electronics Inc. Apple Inc. Cubic Corp Integrated Device Technology Inc. Monster Beverage Corp Ryland Group Inc. URS Corp ValueClick Inc. Applied Materials Inc. CVB Financial Corp Integrated Silicon Solution Inc. MoSys Inc. salesforce.com inc. Applied Micro Circuits Corp Cypress Semiconductor Corp Intel Corp Move Inc. Sangamo BioSciences Inc. VCA Antech Inc. Arena Pharmaceuticals Inc. DexCom Inc. International Rectifier Corp Natus Medical Inc. Sanmina-SCI Corp Verifone Systems Inc. Ariba Inc. Digital Realty Trust Inc. Intevac Inc. Nektar Therapeutics Schwab Corp ViaSat Inc. Aruba Networks Inc. DIRECTV Intuitive Surgical Inc. NetApp Inc. SciClone Pharmaceuticals Inc. Visa Inc. ASA Gold and Precious Metals Ltd Dolby Laboratories Inc. InvenSense Inc. NetSuite Inc. Semtech Corp Vivus Inc. Astex Pharmaceuticals Inc. Dole Food Co. Inc. IRIS International Inc. Neurocrine Biosciences Inc. Sequenom Inc. Volcano Corp Atmel Corp Douglas Emmett Inc. Ixia Newport Corp ServiceSource International Inc. Volterra Semiconductor Corp Autodesk Inc. DTS Inc. IXYS Corp NuVasive Inc. Shutterfly Inc. WD-40 Co. Avery Dennison Corp eBay Inc. Jacobs Engineering Group Inc. Occidental Petroleum Corp Sigma Designs Inc. Websense Inc. Aviat Networks Inc. Echelon Corp JAKKS Pacific Inc. Ocz Technology Group Inc. Silicon Image Inc. Wesco Aircraft Holdings Inc. Big 5 Sporting Goods Corp Edison International JDS Uniphase Corp OpenTable Inc. SJW Corp West Marine Inc. Biomarin Pharmaceutical Inc. Edwards Lifesciences Corp Jive Software Inc. Optimer Pharmaceuticals Inc. Skechers U.S.A. Inc. Western Digital Corp BioMed Realty Trust Inc. eHealth Inc. JMP Group Inc. OSI Systems Inc. Skilled Healthcare Group Inc. Xilinx Inc. BioTime Inc. Electronic Arts Inc. Kaiser Aluminum Corp Outdoor Channel Holdings Inc. Solazyme Inc. Yahoo! Inc. Boingo Wireless Inc. Electronics for Imaging Inc. KB Home Pandora Media Inc. Solta Medical Inc. Zynga Inc. BreitBurn Energy Partners LP Emulex Corp Keynote Systems Inc. PDF Solutions Inc. Spansion Inc. Broadcom Corp Encore Capital Group Inc. Kilroy Realty Corp PG&E Corp Stamps.com Inc. Brocade Communications Systems Inc. Endologix Inc. KLA-Tencor Corp Pharmacyclics Inc. Standard Pacific Corp Cadence Design Systems Inc. Entropic Communications Inc. Leap Wireless International Inc. PICO Holdings Inc. STEC Inc. Cadiz Inc. Equinix Inc. LeapFrog Enterprises Inc. PMC-Sierra Inc. SunPower Corp 21 2012 UC Davis Census WOMEN IN THE MOST IMPORTANT CORPORATE ROLES Of the 400 largest public companies in California, 13 are led by women chief executive officers. Although this is the same number as in 2011, four women are new to this list. Nine of these women were on last year’s list. Four women who were on last year’s list do not appear on this year’s list. • Of the four women appearing on the CEO list for the first time, two lead companies that appeared on this list last year (Margaret Whitman of Hewlett-Packard Co. and Lisa Harper of Hot Topic Inc.), and the other two lead companies that also appeared in our study last year (Ana Dutra of Korn/Ferry International and Debra Reed of Sempra Energy). • Four women who were on last year’s CEO list do not appear on this year’s list. All four companies are in our study again this year. Two of the women have been succeeded by another woman, and two have been succeeded by men. • The CFO category has the most women, with 47. This is a slight increase in the number of women chief financial officers last year (45). Chief Financial Officer Chief Executive Officer Stephanie DiMarco* Advent Software Inc. Susan Salka AMN Healthcare Services Inc. Constance Moore BRE Properties Inc. Julia Stewart DineEquity Inc. Kimberly Popovits Genomic Health Inc. Margaret Whitman Hewlett-Packard Co. Lisa Harper Hot Topic Inc. Linda Lang Jack in the Box Inc. Ana Dutra Korn/Ferry International Wendy Simpson LTC Properties Inc. Debra Reed Sempra Energy Susan McGalla* Wet Seal Inc. Laura Alber Williams-Sonoma Inc. *No longer in the position, due to a change made after the fiscal year end. Chief Operating Officer / President Eva Tang American States Water Co. Jeryl Hilleman Amyris Inc. Laura Neumann Arden Group Inc. Christine Tsingos Bio-Rad Laboratories Inc. Lori Varlas Central Garden & Pet Co. Patricia Yarrington Chevron Corp Helene Simonet Coherent Inc. Stacy Loretz-Congdon Core Mark Holding Co. Inc. Suzanne Snapper Ensign Group Inc. Sabrina Simmons Gap Inc. Kathleen Redd GenCorp Inc. Robin Washington Gilead Sciences Inc. Laurel Krzeminski Granite Construction Inc. Carolyn Aver Harmonic Inc. Jessica Baron Hercules Technology Growth Capital Inc. Catherine Lesjak Hewlett-Packard Co. Ita Brennan Infinera Corp Susan Salka AMN Healthcare Services Inc. B. Lynne Parshall Isis Pharmaceuticals Inc. Emilia Fabricant Constance Moore Ann Daly Jennifer Johnson Kimberly Popovits Margaret Whitman B. Lynne Parshall Linda Lang Wendy Simpson Terry Bayer Safra Catz Pamela Lopker Bronwyn Syiek Lynne Koplin Sharon Hughes Sharon McCollam Laura Alber bebe stores inc. BRE Properties Inc. DreamWorks Animation Inc. Franklin Resources Inc. Genomic Health Inc. Hewlett-Packard Co. Isis Pharmaceuticals Inc. Jack in the Box Inc. LTC Properties Inc. Molina Healthcare Inc. Oracle Corp QAD Inc. QuinStreet Inc. True Religion Apparel Inc. Wet Seal Inc. Williams-Sonoma Inc. Williams-Sonoma Inc. Lauren Silvernail ISTA Pharmaceuticals Inc. Kathleen Griggs j2 Global Inc. Robyn Denholm Juniper Networks Inc. Deanna Lund Kratos Defense & Security Solutions Inc. Kathy Willard Live Nation Entertainment Inc. Pamela Shelley-Kessler LTC Properties Inc. Meera Rao Monolithic Power Systems Inc. Christine Gorjanc NETGEAR Inc. Karen Burns NVIDIA Corp Shirley Yin Oplink Communications Inc. Safra Catz Oracle Corp Susan Barnes Pacific Biosciences of California Inc. Anne McCallion PennyMac Mortgage Investment Trust Barbara Scherer Plantronics Inc. Jean Hu QLogic Corp Linda Breard Quantum Corp Diane Merdian Redwood Trust Inc. Karla Lewis Reliance Steel & Aluminum Co. Judy Bruner SanDisk Corp Debra Crawford Santarus Inc. Karen Colonias Simpson Manufacturing Co. Inc. Deborah Andrews STAAR Surgical Company Kathleen Bayless Synaptics Inc. Roxanne Oulman* Thoratec Corp Anna Brunelle TiVo Inc. Anne Brennan Unwired Planet Inc. Elisha Finney Varian Medical Systems Inc. Sharon McCollam Ann Rhoads Williams-Sonoma Inc. Zogenix Inc. *Was serving in an interim capacity at fiscal year end and is no longer in the position. 2012 UC Davis Census 22 HIGHEST-PAID WOMEN EXECUTIVES BY INDUSTRY More than one-third (36.8%) of California’s 400 largest public companies have at least one highest-paid woman executive. When the companies are categorized by industry, there is wide variation in the percentage of companies with highest-paid women executives. Almost 30 percentage points separate the industry whose firms are most likely to have at least one highest-paid woman executive (50.0%) from the industry whose firms are least likely to have at least one highest-paid woman executive (22.2%). How Industries Compare: Percent of Companies with One or More Highest-Paid Women Executives 50% Pharmaceuticals 48% Consumer Goods 47% Health Care 37% Financial Services Energy, Materials & Industrials 34% Technology Hardware 34% 30% Utilities & Telecommunications 24% Technology Software 22% Semiconductors 0% 10% 20% 30% 40% 50% 60% • Among the nine industrial sectors we identify, the 56 pharmaceutical companies were the most likely (50.0%) to have at least one highest-paid woman executive in 2012. In the consumer goods sector and health care sector, respectively 48.1% and 47.4% of firms have at least one highest-paid woman executive. • The 54 semiconductors sector companies were the least likely (22.2%) to have at least one highest-paid woman executive in 2012. In the technology software and utilities & telecommunications sectors, respectively 24.1% and 30.0% of firms have at least one highest-paid woman executive. 23 2012 UC Davis Census HIGHEST-PAID WOMEN EXECUTIVES BY INDUSTRY Key Statistics • The consumer goods sector has the greatest percentage of highest-paid women executives. For the 54 companies in this sector, 13.4% of highest-paid executives is a woman. Firms in the pharmaceuticals sector have the second highest percentage (12.6%). • Firms in both the consumer goods sector and the pharmaceuticals sector stand out as being the most likely to have women in their highest-paid management teams and as having the highest percentages of highest-paid women executives. • Firms in the semiconductors sector and technology software sector have the lowest percentages of highest-paid women executives (4.9% and 5.8%, respectively). Firms in these two sectors are also the least likely to have a women in their highest-paid management teams (22.2% and 24.1%). Percent of Highest-Paid Women Executives by Industry INDUSTRY Consumer Goods Pharmaceuticals Health Care Utilities & Telecommunications Technology Hardware Financial Services Energy, Materials & Industrials Technology Software Semiconductors 2012 UC Davis Census PERCENT HIGHEST-PAID WOMEN EXECUTIVES 13.4% 12.6% 10.4% 8.9% 8.6% 8.5% 8.2% 5.8% 4.9% 24 NUMBER OF COMPANIES 54 56 38 10 53 43 38 54 54 HIGHEST-PAID WOMEN EXECUTIVES BY COMPANY SIZE While large companies tend to have both larger boards and a greater representation of women on their boards, the relationship between firm size and the representation of women in executive suites among California’s 400 largest public companies is less clear. When measured by market capitalization, the largest firms in our study have almost the same percentage of highest-paid women executives as do firms in the smallest size categories. However, we also examine firms that appear in the Fortune list, based on total revenue. Five (41.7%) of the 12 California companies in the Fortune 100 have no women among the highest-paid executives: Apple Inc., Cisco Systems Inc., Google Inc., Ingram Micro Inc. and Intel Corp. Two (16.7%) of the Fortune 100 companies have two women on their highest-paid executive teams: Hewlett-Packard Co. and Safeway Inc. On average, the Fortune 100 companies have 14.8% highest-paid women executives. The Fortune 101–500 companies have an average of 7.2% highest-paid women executives and the Fortune 501–1000 companies have an average of 10.1%. Highest-Paid Women Executives in California Companies in the Fortune 1000 COMPANY NAME (FORTUNE RANK) Chevron Corp (3) Hewlett-Packard Co. (10) McKesson Corp (14) Apple Inc. (17) Wells Fargo & Co. (26) Intel Corp (51) Safeway Inc. (63) Cisco Systems Inc. (64) Walt Disney Co. (66) Google Inc. (73) Ingram Micro Inc. (81) Oracle Corp (82) 39 companies in Fortune 101 - 500 34 companies in Fortune 501 - 1000 NUMBER OF HIGHEST-PAID PERCENT OF HIGHEST-PAID WOMEN EXECUTIVES WOMEN EXECUTIVES 1 2 1 0 1 0 2 0 1 0 0 1 15 18 20.0% 40.0% 20.0% 0.0% 25.0% 0.0% 40.0% 0.0% 20.0% 0.0% 0.0% 20.0% 7.2% 10.1% Number of Highest-Paid Women Executives by Company Size DECILE 10 9 8 7 6 5 4 3 2 1 AVERAGE MARKET CAPITALIZATION (IN MILLIONS) $178 $267 $392 $527 $693 $962 $1,579 $2,869 $6,580 $53,422 AVERAGE NUMBER OF HIGHEST-PAID EXECUTIVES 4.8 4.9 5.1 4.9 4.6 5.2 5.1 5.2 5.1 5.4 COMPANIES WITH COMPANIES WITH NO WOMEN ONE WOMAN 29 11 24 16 24 16 21 19 27 13 23 17 19 21 28 12 30 10 26 14 25 COMPANIES WITH TWO OR MORE WOMEN 4 5 1 4 4 3 4 1 3 2 PERCENT OF WOMEN 7.9% 11.3% 8.3% 11.7% 9.2% 9.6% 12.3% 6.8% 6.4% 7.5% 2012 UC Davis Census HIGHEST-PAID WOMEN EXECUTIVES BY COMPANY SIZE 14% Percent of Highest-Paid Women Executives by Company Size (Market Capitalization) 12% 11.3% 10% 8% 9.2% 8.3% 7.9% 12.3% 11.7% 9.6% 6.8% 7.5% 6.4% 6% 4% 2% 0% 10 ($178) 9 ($267) 8 ($392) 7 ($527) 6 ($693) 5 ($962) 4 3 2 1 ($1,579) ($2,869) ($6,580) (53,422) Size Decile (Average Market Capitalization in Millions) Key Statistics • The three largest size categories (with market capitalization averaging $2.9 billion and above) have the three lowest average percentages of highest-paid women executives, ranging between 6.4% and 7.5%. Six of these companies (5.0%) have two or more highest-paid women executives. • The four middle-size categories (with market capitalization averaging between $527 million and $1.6 billion) average 11.7%, 9.2%, 9.6% and 12.3% women among the highest-paid executives, respectively. Fifteen of these 160 companies (9.4%) have two or more highest-paid women executives. The two highest average percentages of women executives belonged to firms in the fourth and seventh size deciles. • The three smallest size deciles (with market capitalization averaging $392 million and below) have women serving in 8.8% of highest-paid executive posts, on average. Eight of these 120 firms (6.7%) have two or more women among the highest-paid executives. • No discernable positive correlation between company size and representation of women executives emerges from these data. 2012 UC Davis Census 26 HIGHEST-PAID WOMEN EXECUTIVES BY LOCATION The number of highest-paid women executives at the largest public companies in California varies considerably at the county level. Below we report the key statistics, again noting that comparisons involving counties with small numbers of companies should be made with caution. By Region Central Valley Central Coast Bay Area Southern California No. of Firms 3 13 215 169 % Highest-Paid Women Executives 18.8% 12.9% 9.0% 8.3% Key Statistics • Firms located in the Bay Area have more women highest-paid executives on average (9.0%) than do Southern California companies (8.3%). • Focusing on counties with at least 20 companies, Alameda County has the greatest percentage of highest-paid women executives (14.4%), while Orange County and Silicon Valley (Santa Clara County) have the lowest percentages (8.0% and 6.6%, respectively). Central Valley Kern Sacramento No. of Firms 1 2 % Highest-Paid Women Executives 20.0% 18.2% Central Coast Santa Barbara Monterey Santa Cruz Ventura No. of Firms 2 1 3 7 % Highest-Paid Women Executives 30.0% 25.0% 21.4% 2.9% Bay Area Alameda Contra Costa San Francisco San Mateo Marin Santa Clara Sonoma Solano Southern California San Diego Los Angeles Orange Riverside San Bernardino No. of Firms 29 5 25 37 5 112 1 1 % Highest-Paid Women Executives 14.4% 11.5% 10.5% 11.1% 8.7% 6.6% 0.0% 0.0% No. of Firms 50 78 38 2 1 % Highest-Paid Women Executives 8.9% 8.3% 8.0% 0.0% 0.0% For complete county-by-county data, see Appendix C, page 43. 27 2012 UC Davis Census CON C L U S I ON Our 2012-2013 census shows little change in the leadership gender diversity at California’s 400 largest public corporations, where women continue to occupy fewer than one in 10 of the board and highest-paid executive positions. Over seven years of tracking this information, the presence of women among directors and highest-paid executives in California’s largest companies has failed to surpass 10.0%. This overall figure comes despite achieving a 0.5% increase in the percentage of women on the boards of these companies, the largest increase since 2008. Almost one-third, or 128 firms in our census, have no women among directors and highest-paid executives. The highest representation of women in our census this year is Williams-Sonoma Inc., with 46.7% women. Clearly, there is considerable variation, attributable in part to the industry of primary business, location of headquarters and company size. Firms in the semiconductors sector and the energy, materials & industrials sector, as well as those located in Silicon Valley, tend to include fewer women on the board and in highest-paid executive positions. Firms in the consumer goods sector have the highest average percentage of women directors and highest-paid executives. The largest firms in our study tend to have more women directors. This relationship holds for both market cap and revenue (as measured by inclusion in the Fortune 1000, Fortune 500, and Fortune 100). However, there is no clear positive relationship between market cap and the percentage of highest-paid executives who are women. Overall, these results are largely consistent with findings from previous years. This study also shows that Caucasian men alone account for three out of four directors at California’s largest companies. In the context of a gender-balanced population with a Caucasian minority in California, a gender-balanced workforce and even a fairly gender-balanced first level of management (40% women according to the Government Accountability Office), the lack of gender and ethnic diversity in corporate leadership in California is disturbing. AC KNOW L ED GEM EN T S T he author has benefitted immensely from the support of many individuals whose contributions made this report possible. Special thanks for the exceptional customer support of Kanav Hasija at Innovaccer, and to BoardEx for filling a complimentary data request on short notice. Thanks also to Karen Nikos for her media relations expertise and to Professor of Management and Associate Dean Paul Griffin for his academic guidance. In addition, thanks to graduate student research assistant Jason Parsiani for processing much of the data in this study. Perhaps most importantly, thanks to Christina Lozano (and her assistants, Leslie Luo and Yassaman Sarvian), Tim Akin and Marianne Skoczek for their combined efforts in editing, publishing and marketing this study. These colleagues continue to show tireless support for this study year after year. Sincere thanks to the whole team. 2012 UC Davis Census 28 Appendix A: California’s 400 Largest Public Companies Ranked by Percentage of Women Directors and Executive Officers NUMBER OF HIGHEST-PAID WOMEN EXECUTIVES TOTAL DIRECTORS & HIGHEST-PAID EXECUTIVES TOTAL WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES % WOMEN DIRECTORS & HIGHESTPAID EXECUTIVES 29 TOTAL HIGHEST-PAID EXECUTIVES Consumer Goods Consumer Goods Utilities & Telecommunications Financial Services Technology Software Health Care Consumer Goods Consumer Goods Financial Services Technology Hardware Consumer Goods Consumer Goods Consumer Goods Health Care Technology Hardware Technology Software Consumer Goods Financial Services Consumer Goods Technology Hardware Pharmaceuticals Pharmaceuticals Consumer Goods Health Care Consumer Goods Consumer Goods Financial Services Technology Software Consumer Goods Pharmaceuticals Consumer Goods Pharmaceuticals Technology Software Technology Hardware Consumer Goods Energy, Materials & Industrials Consumer Goods Consumer Goods Pharmaceuticals Health Care Financial Services Pharmaceuticals Financial Services Utilities & Telecommunications Energy, Materials & Industrials Pharmaceuticals Consumer Goods Energy, Materials & Industrials Financial Services Pharmaceuticals Health Care Technology Hardware Semiconductors Technology Software Consumer Goods Financial Services Technology Software Financial Services Health Care Financial Services Consumer Goods Consumer Goods Pharmaceuticals Health Care Pharmaceuticals Semiconductors Technology Software Financial Services Pharmaceuticals Consumer Goods Financial Services NUMBER OF WOMEN DIRECTORS COMPANY NAME Williams-Sonoma Inc. bebe stores inc. American States Water Co. LTC Properties Inc. Advent Software Inc. AMN Healthcare Services Inc. Walt Disney Co. Wet Seal Inc. Wells Fargo & Co. Hewlett-Packard Co. Jack in the Box Inc. Deckers Outdoor Corp Hot Topic Inc. McKesson Corp NETGEAR Inc. QAD Inc. West Marine Inc. BRE Properties Inc. Corinthian Colleges Inc. Juniper Networks Inc. Amylin Pharmaceuticals Inc. Bio-Rad Laboratories Inc. DineEquity Inc. Ensign Group Inc. Netflix Inc. Peet's Coffee & Tea Inc. PS Business Parks Inc. QuinStreet Inc. McClatchy Co. Affymax Inc. Bridgepoint Education Inc. Halozyme Therapeutics Inc. Intuit Inc. Quantum Corp Safeway Inc. Simpson Manufacturing Co. Inc. Farmer Brothers Company DreamWorks Animation Inc. Genomic Health Inc. Health Net Inc. Redwood Trust Inc. Trius Therapeutics Inc. Westamerica Bancorporation Sempra Energy Amyris Inc. Dynavax Technologies Corp Gap Inc. Kaiser Aluminum Corp KKR Financial Holdings LLC Medivation Inc. Molina Healthcare Inc. Oplink Communications Inc. Rambus Inc. Visa Inc. Clorox Co. Franklin Resources Inc. Google Inc. HCP Inc. CorVel Corp Digital Realty Trust Inc. Dole Food Co. Inc. Guess? Inc. Isis Pharmaceuticals Inc. Zeltiq Aesthetics Inc. Gilead Sciences Inc. Lam Research Corp Oracle Corp Anworth Mortgage Asset Corp Ardea Biosciences Inc. Big 5 Sporting Goods Corp BioMed Realty Trust Inc. TOTAL DIRECTORS 1 2 3 4 5 5 5 5 9 10 11 12 12 12 12 16 16 18 18 18 21 21 21 21 21 21 21 21 29 30 30 30 30 30 30 30 37 38 38 38 38 38 38 44 45 45 45 45 45 45 45 45 45 45 55 55 55 55 59 59 59 59 59 59 65 65 65 68 68 68 68 MARKET CAPITALIZATION ($B) INDUSTRY RANK 3.60 0.51 0.66 0.94 1.24 0.18 53.15 0.32 145.04 52.97 0.88 2.92 0.31 20.63 1.26 0.21 0.27 3.81 0.36 10.74 1.66 2.70 0.76 0.52 3.84 0.82 1.34 0.62 0.20 0.24 1.19 0.99 14.04 0.62 6.24 1.62 0.16 1.39 0.76 2.49 0.80 0.20 1.24 13.20 0.53 0.51 9.21 0.88 1.56 1.65 1.02 0.37 0.83 58.85 8.84 20.82 209.85 16.93 0.45 7.07 0.77 2.69 0.72 0.39 30.82 5.47 129.84 0.84 0.45 0.23 2.79 10 5 11 6 7 7 10 6 15 11 8 9 9 9 9 6 7 10 10 10 11 7 10 7 7 8 8 7 11 8 8 7 8 8 8 8 7 9 8 9 9 9 9 12 8 10 10 10 12 5 9 5 6 10 10 11 10 8 6 6 7 5 7 6 12 11 12 6 7 7 7 4 2 4 2 2 2 4 1 5 3 3 3 3 3 3 1 3 3 3 2 3 2 2 1 2 2 2 1 3 2 1 2 2 1 1 2 2 1 2 3 2 3 2 2 1 2 2 3 2 0 2 0 1 3 2 2 3 2 1 2 2 2 1 1 2 2 2 0 1 2 2 5 5 5 5 5 5 5 6 4 5 5 5 5 5 5 5 4 5 5 5 5 5 6 5 5 4 4 5 6 5 5 6 5 5 5 5 2 5 5 5 5 5 5 7 7 5 5 5 3 5 6 5 4 5 6 5 6 8 5 5 4 6 4 5 5 6 5 6 5 5 5 3 2 2 2 2 2 1 3 1 2 1 1 1 1 1 2 0 1 1 2 1 1 2 2 1 1 1 2 1 1 2 1 1 2 2 1 0 2 1 0 1 0 1 2 2 1 1 0 1 2 1 2 1 0 1 1 0 1 1 0 0 0 1 1 1 1 1 2 1 0 0 15 10 16 11 12 12 15 12 19 16 13 14 14 14 14 11 11 15 15 15 16 12 16 12 12 12 12 12 17 13 13 13 13 13 13 13 9 14 13 14 14 14 14 19 15 15 15 15 15 10 15 10 10 15 16 16 16 16 11 11 11 11 11 11 17 17 17 12 12 12 12 7 4 6 4 4 4 5 4 6 5 4 4 4 4 4 3 3 4 4 4 4 3 4 3 3 3 3 3 4 3 3 3 3 3 3 3 2 3 3 3 3 3 3 4 3 3 3 3 3 2 3 2 2 3 3 3 3 3 2 2 2 2 2 2 3 3 3 2 2 2 2 46.7% 40.0% 37.5% 36.4% 33.3% 33.3% 33.3% 33.3% 31.6% 31.3% 30.8% 28.6% 28.6% 28.6% 28.6% 27.3% 27.3% 26.7% 26.7% 26.7% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0% 23.5% 23.1% 23.1% 23.1% 23.1% 23.1% 23.1% 23.1% 22.2% 21.4% 23.1% 21.4% 21.4% 21.4% 21.4% 21.1% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 18.8% 18.8% 18.8% 18.8% 18.2% 18.2% 18.2% 18.2% 18.2% 18.2% 17.6% 17.6% 17.6% 16.7% 16.7% 16.7% 16.7% 2012 UC Davis Census Ran king s Appendix A (continued) NUMBER OF HIGHEST-PAID WOMEN EXECUTIVES TOTAL DIRECTORS & HIGHEST-PAID EXECUTIVES TOTAL WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES % WOMEN DIRECTORS & HIGHESTPAID EXECUTIVES 30 TOTAL HIGHEST-PAID EXECUTIVES 2012 UC Davis Census Technology Software Technology Hardware Technology Hardware Consumer Goods Health Care Technology Hardware Financial Services Technology Software Energy, Materials & Industrials Energy, Materials & Industrials Consumer Goods Semiconductors Technology Hardware Technology Hardware Financial Services Technology Hardware Health Care Technology Software Technology Software Semiconductors Pharmaceuticals Utilities & Telecommunications Health Care Pharmaceuticals Technology Hardware Energy, Materials & Industrials Technology Software Pharmaceuticals Technology Hardware Technology Software Health Care Pharmaceuticals Pharmaceuticals Financial Services Technology Hardware Consumer Goods Technology Hardware Health Care Technology Software Pharmaceuticals Health Care Consumer Goods Pharmaceuticals Technology Software Consumer Goods Semiconductors Energy, Materials & Industrials Energy, Materials & Industrials Financial Services Pharmaceuticals Technology Hardware Semiconductors Consumer Goods Pharmaceuticals Financial Services Consumer Goods Financial Services Pharmaceuticals Health Care Pharmaceuticals Financial Services Health Care Pharmaceuticals Semiconductors Semiconductors Semiconductors Technology Software Semiconductors Financial Services Energy, Materials & Industrials NUMBER OF WOMEN DIRECTORS COMPANY NAME Callidus Software Inc. Cisco Systems Inc. Coherent Inc. DIRECTV Gen-Probe Inc. Harmonic Inc. Kennedy-Wilson Holdings Inc. Keynote Systems Inc. Korn/Ferry International Kratos Defense & Security Solutions Inc. Mattel Inc. Monolithic Power Systems Inc. Plantronics Inc. Polycom Inc. Realty Income Corp Super Micro Computer Inc. Thoratec Corp TiVo Inc. Unwired Planet Inc. Altera Corp Anthera Pharmaceuticals Inc. California Water Service Group Cooper Companies Inc. DepoMed Inc. Echelon Corp Granite Construction Inc. Imperva Inc. MAP Pharmaceuticals Inc. Multi-Fineline Electronix Inc. NetSuite Inc. Omnicell Inc. ONYX Pharmaceuticals Inc. Pacific Biosciences of California Inc. PICO Holdings Inc. QLogic Corp Ross Stores Inc. SanDisk Corp Solta Medical Inc. VMware Inc. Zogenix Inc. Accuray Inc. Arden Group Inc. Arena Pharmaceuticals Inc. Autodesk Inc. BJ's Restaurants Inc. Broadcom Corp CAI International Inc. Capstone Turbine Corp Financial Engines Inc. Geron Corp Ingram Micro Inc. Intersil Corp KB Home Nektar Therapeutics PennyMac Mortgage Investment Trust PriceSmart Inc. Public Storage Santarus Inc. Varian Medical Systems Inc. Allergan Inc. CBRE Group Inc. Conceptus Inc. Exelixis Inc. Intel Corp International Rectifier Corp LSI Corp Move Inc. NVIDIA Corp Schwab Corp AECOM Technology Corp TOTAL DIRECTORS 68 68 68 68 68 68 68 68 68 68 68 68 68 68 68 68 68 68 68 91 91 91 91 91 91 91 91 91 91 91 91 91 91 91 91 91 91 91 91 91 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 131 131 131 131 131 131 131 131 131 131 141 MARKET CAPITALIZATION ($B) INDUSTRY RANK 0.21 86.80 1.02 29.56 2.66 0.59 0.55 0.37 0.77 0.19 9.36 0.51 1.71 2.87 4.66 0.65 1.96 1.26 0.20 11.95 0.25 0.76 3.32 0.29 0.21 0.92 0.80 0.40 0.48 2.79 0.55 2.81 0.15 0.47 1.75 11.53 11.94 0.19 35.24 0.15 0.56 0.28 0.27 8.13 1.26 16.00 0.30 0.31 1.02 0.19 2.72 1.32 0.57 0.64 0.47 1.96 22.89 0.20 5.86 26.78 4.99 0.40 0.64 121.25 1.96 3.34 0.24 9.04 14.31 2.00 7 13 7 7 8 7 7 7 7 7 12 7 7 7 7 7 9 7 5 8 8 8 8 7 7 8 8 8 8 8 8 8 7 8 7 8 8 7 8 9 8 5 9 9 9 9 7 9 9 8 9 9 9 3 9 9 8 9 9 10 10 7 11 10 10 9 11 9 10 11 1 3 1 2 1 1 1 2 1 1 3 1 0 1 2 1 1 1 1 2 0 2 1 1 2 1 1 1 1 2 1 1 1 2 1 1 1 2 1 0 1 0 2 2 1 2 0 1 2 1 2 1 2 1 1 2 1 0 1 2 2 1 0 2 2 1 2 0 2 1 5 5 5 5 4 5 5 5 5 5 6 5 5 5 5 5 3 5 7 5 5 5 5 6 6 5 5 5 5 5 5 5 6 5 6 5 5 6 5 4 6 2 5 5 5 5 7 5 5 6 5 5 5 4 5 5 6 5 5 5 5 8 4 5 5 6 4 6 5 5 1 0 1 0 1 1 1 0 1 1 0 1 2 1 0 1 1 1 1 0 2 0 1 1 0 1 1 1 1 0 1 1 1 0 1 1 1 0 1 2 1 1 0 0 1 0 2 1 0 1 0 1 0 0 1 0 1 2 1 0 0 1 2 0 0 1 0 2 0 1 12 18 12 12 12 12 12 12 12 12 18 12 12 12 12 12 12 12 12 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 14 7 14 14 14 14 14 14 14 14 14 14 14 7 14 14 14 14 14 15 15 15 15 15 15 15 15 15 15 16 2 3 2 2 2 2 2 2 2 2 3 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 2 2 2 2 2 2 2 2 2 2 2 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 14.3% 13.3% 13.3% 13.3% 13.3% 13.3% 13.3% 13.3% 13.3% 13.3% 13.3% 12.5% Rankings Appendix A NUMBER OF HIGHEST-PAID WOMEN EXECUTIVES TOTAL DIRECTORS & HIGHEST-PAID EXECUTIVES TOTAL WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES % WOMEN DIRECTORS & HIGHESTPAID EXECUTIVES 31 TOTAL HIGHEST-PAID EXECUTIVES Health Care Energy, Materials & Industrials Health Care Technology Software Financial Services Pharmaceuticals Technology Software Utilities & Telecommunications Energy, Materials & Industrials Technology Hardware Technology Software Financial Services Pharmaceuticals Consumer Goods Utilities & Telecommunications Technology Hardware Technology Software Technology Software Health Care Pharmaceuticals Semiconductors Technology Hardware Financial Services Pharmaceuticals Pharmaceuticals Consumer Goods Technology Hardware Technology Software Financial Services Health Care Technology Hardware Technology Hardware Health Care Semiconductors Pharmaceuticals Energy, Materials & Industrials Technology Software Health Care Technology Software Technology Software Consumer Goods Energy, Materials & Industrials Technology Software Energy, Materials & Industrials Consumer Goods Pharmaceuticals Energy, Materials & Industrials Technology Software Financial Services Pharmaceuticals Semiconductors Health Care Pharmaceuticals Technology Hardware Technology Software Technology Hardware Utilities & Telecommunications Consumer Goods Consumer Goods Utilities & Telecommunications Energy, Materials & Industrials Technology Software Technology Software Energy, Materials & Industrials Pharmaceuticals Financial Services Technology Software Consumer Goods Health Care Health Care NUMBER OF WOMEN DIRECTORS COMPANY NAME CareFusion Corp Chevron Corp IPC The Hospitalist Co. Inc. Mitek Systems Inc. Sabra Health Care REIT Inc. Vical Inc. eBay Inc. Edison International Occidental Petroleum Corp QUALCOMM Inc. CoreLogic Inc. ProLogis Inc. Amgen Inc. Crown Media Holdings Inc. 8x8 Inc. Brocade Communications Systems Inc. Cadence Design Systems Inc. j2 Global Inc. NuVasive Inc. Obagi Medical Products Inc. OmniVision Technologies Inc. Procera Networks Inc. Alexandria Real Estate Equities Inc. Anacor Pharmaceuticals Inc. AVANIR Pharmaceuticals Inc. Central Garden & Pet Co. DTS Inc. Guidance Software Inc. Hercules Technology Growth Capital Inc. ICU Medical Inc. Infinera Corp Ixia Natus Medical Inc. Pericom Semiconductor Corp Raptor Pharmaceutical Corp Robert Half International Inc. Rovi Corp STAAR Surgical Company TeleNav Inc. TIBCO Software Inc. True Religion Apparel Inc. AeroVironment Inc. Ariba Inc. Century Aluminum Co. Cheesecake Factory Inc. Corcept Therapeutics Inc. Exponent Inc. Glu Mobile Inc. Green Dot Corp Impax Laboratories Inc. Intermolecular Inc. IRIS International Inc. ISTA Pharmaceuticals Inc. JDS Uniphase Corp LinkedIn Corp Maxwell Technologies Inc. PG&E Corp Ryland Group Inc. Shutterfly Inc. SJW Corp Solazyme Inc. United Online Inc. Active Network Inc. American Vanguard Corp BioTime Inc. CapitalSource Inc. Citrix Systems Inc. Core Mark Holding Co. Inc. DexCom Inc. Edwards Lifesciences Corp TOTAL DIRECTORS 141 141 141 141 141 141 148 148 148 148 152 152 154 154 156 156 156 156 156 156 156 156 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 164 183 183 183 183 183 183 183 183 183 183 183 183 183 183 183 183 183 183 183 183 183 204 204 204 204 204 204 204 204 MARKET CAPITALIZATION ($B) INDUSTRY RANK (continued) 6.07 210.80 0.75 0.22 0.45 0.32 39.02 13.49 75.99 81.75 1.38 13.11 51.09 0.44 0.30 1.96 2.84 1.31 0.53 0.19 0.96 0.23 4.25 0.17 0.36 0.36 0.45 0.15 0.41 0.62 0.67 0.74 0.28 0.22 0.17 4.04 2.69 0.38 0.74 4.56 0.88 0.54 2.76 0.76 1.60 0.29 0.61 0.20 1.11 1.34 0.36 0.17 0.29 3.79 6.39 0.46 16.99 0.70 0.79 0.44 0.71 0.49 0.77 0.37 0.28 1.72 11.28 0.45 0.63 8.07 9 11 5 7 5 5 12 13 11 12 10 11 14 14 5 6 5 6 5 6 5 8 7 6 7 6 6 6 4 7 7 6 6 6 8 6 6 6 6 6 7 6 8 8 7 7 7 7 7 7 7 7 7 7 7 8 13 7 7 7 7 7 7 8 8 7 8 8 8 8 1 1 0 1 0 0 2 2 2 2 2 2 2 1 0 1 1 0 1 0 0 1 1 1 0 0 1 1 0 0 0 1 1 0 1 1 1 0 1 1 0 0 1 0 0 0 1 1 1 0 0 1 0 1 1 1 2 1 1 1 1 1 0 1 1 1 1 0 1 1 7 5 3 1 3 3 5 4 6 5 8 7 5 5 5 4 5 4 5 4 5 2 4 5 4 5 5 5 7 4 4 5 5 5 3 5 5 5 5 5 4 6 4 4 5 5 5 5 5 5 5 5 5 5 5 4 11 5 5 5 5 5 6 5 5 6 5 5 5 5 1 1 1 0 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 0 1 0 0 1 1 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 16 16 8 8 8 8 17 17 17 17 18 18 19 19 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 12 12 12 12 12 12 12 12 12 12 12 12 12 12 12 24 12 12 12 12 12 13 13 13 13 13 13 13 13 2 2 1 1 1 1 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 1 12.5% 12.5% 12.5% 12.5% 12.5% 12.5% 11.8% 11.8% 11.8% 11.8% 11.1% 11.1% 10.5% 10.5% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 7.7% 7.7% 7.7% 7.7% 7.7% 7.7% 7.7% 7.7% 2012 UC Davis Census R a n king s Appendix A (continued) NUMBER OF HIGHEST-PAID WOMEN EXECUTIVES TOTAL DIRECTORS & HIGHEST-PAID EXECUTIVES TOTAL WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES % WOMEN DIRECTORS & HIGHESTPAID EXECUTIVES 32 TOTAL HIGHEST-PAID EXECUTIVES 2012 UC Davis Census Energy, Materials & Industrials Semiconductors Pharmaceuticals Pharmaceuticals Health Care Technology Hardware Pharmaceuticals Technology Hardware Financial Services Consumer Goods Financial Services Consumer Goods Pharmaceuticals Pharmaceuticals Technology Hardware Pharmaceuticals Semiconductors Technology Software Health Care Financial Services Technology Hardware Pharmaceuticals Health Care Energy, Materials & Industrials Financial Services Financial Services Semiconductors Technology Hardware Health Care Technology Software Technology Hardware Technology Hardware Technology Software Energy, Materials & Industrials Pharmaceuticals Technology Hardware Energy, Materials & Industrials Semiconductors Health Care Semiconductors Energy, Materials & Industrials Pharmaceuticals Financial Services Technology Software Semiconductors Energy, Materials & Industrials Technology Software Technology Hardware Technology Software Semiconductors Semiconductors Pharmaceuticals Technology Hardware Energy, Materials & Industrials Semiconductors Technology Hardware Consumer Goods Consumer Goods Consumer Goods Pharmaceuticals Health Care Health Care Energy, Materials & Industrials Technology Software Technology Software Technology Software Technology Software Energy, Materials & Industrials Health Care Semiconductors Financial Services Energy, Materials & Industrials NUMBER OF WOMEN DIRECTORS COMPANY NAME GenCorp Inc. Nanometrics Inc. Neurocrine Biosciences Inc. Questcor Pharmaceuticals Inc. Quidel Corp RealD Inc. Sangamo BioSciences Inc. Silicon Graphics International Corp Sunstone Hotel Investors Inc. Superior Industries International Inc. Tejon Ranch Co. WD-40 Co. Affymetrix Inc. Agilent Technologies Inc. Apple Inc. Biomarin Pharmaceutical Inc. Cymer Inc. Demand Media Inc. Epocrates Inc. Essex Property Trust Inc. Extreme Networks Inc. InterMune Inc. Intuitive Surgical Inc. Jacobs Engineering Group Inc. Macerich Co. Mercury General Corp MIPS Technologies Inc. ShoreTel Inc. Skilled Healthcare Group Inc. Symantec Corp Symmetricom Inc. Synaptics Inc. Synopsys Inc. Teledyne Technologies Inc. Theravance Inc. Trimble Navigation Ltd URS Corp Xilinx Inc. Alphatec Holdings Inc. Applied Materials Inc. Avery Dennison Corp Cadence Pharmaceuticals Inc. Douglas Emmett Inc. Electronic Arts Inc. Fairchild Semiconductor International Inc. Reliance Steel & Aluminum Co. salesforce.com inc. Sanmina-SCI Corp Yahoo! Inc. Advanced Micro Devices Inc. KLA-Tencor Corp Life Technologies Corp SYNNEX Corp Tutor Perini Corp SunPower Corp Western Digital Corp Calavo Growers Inc. Lions Gate Entertainment Corp Live Nation Entertainment Inc. Cepheid Inc. Quality Systems Inc. ABAXIS Inc. Acacia Research Corp Accelrys Inc. Activision Blizzard Inc. Actuate Corp Adobe Systems Inc. Air Lease Corp Align Technology Inc. Alpha and Omega Semiconductor Ltd American Assets Trust Inc. American Reprographics Co. TOTAL DIRECTORS 204 204 204 204 204 204 204 204 204 204 204 204 224 224 224 224 224 224 224 224 224 224 224 224 224 224 224 224 224 224 224 224 224 224 224 224 224 224 250 250 250 250 250 250 250 250 250 250 250 261 261 261 261 261 266 266 268 268 268 271 272 400 400 400 400 400 400 400 400 400 400 400 MARKET CAPITALIZATION ($B) INDUSTRY RANK 0.32 0.43 0.47 2.65 0.50 0.74 0.15 0.53 0.96 0.45 0.49 0.67 0.29 12.84 354.35 3.95 1.52 0.56 0.19 4.76 0.30 0.82 18.20 4.13 6.69 2.50 0.36 0.48 0.21 13.54 0.25 0.86 3.84 2.00 1.89 5.37 2.69 9.62 0.15 16.09 3.05 0.34 2.39 5.28 1.51 3.65 16.01 0.54 19.19 3.77 6.76 6.95 1.06 0.58 0.62 8.48 0.33 1.85 1.57 2.21 2.59 0.63 1.57 0.37 13.96 0.28 13.48 2.34 1.87 0.33 0.81 0.21 8 8 8 7 7 8 8 7 8 8 8 8 8 9 8 9 9 9 8 9 7 9 9 9 9 9 9 7 9 9 9 8 9 9 9 9 9 9 10 11 10 10 10 10 9 9 9 9 11 10 11 11 11 10 11 12 13 12 12 9 15 13 6 5 11 7 9 9 8 7 7 7 0 0 1 0 1 1 1 0 1 1 0 1 1 1 1 1 0 0 0 1 0 0 1 1 1 1 1 0 1 1 1 0 1 1 1 1 1 1 1 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 5 5 5 6 6 5 5 6 5 5 5 5 6 5 6 5 5 5 6 5 7 5 5 5 5 5 5 7 5 5 5 6 5 5 5 5 5 5 5 4 5 5 5 5 6 6 6 6 4 6 5 5 5 6 6 5 5 6 6 10 5 5 5 5 5 5 5 5 5 5 5 6 1 1 0 1 0 0 0 1 0 0 1 0 0 0 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 13 13 13 13 13 13 13 13 13 13 13 13 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 15 15 15 15 15 15 15 15 15 15 15 16 16 16 16 16 17 17 18 18 18 19 20 18 11 10 16 12 14 15 13 12 12 13 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 7.7% 7.7% 7.7% 7.7% 7.7% 7.7% 7.7% 7.7% 7.7% 7.7% 7.7% 7.7% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.3% 6.3% 6.3% 6.3% 6.3% 5.9% 5.9% 5.6% 5.6% 5.6% 5.3% 5.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Rankings Appendix A NUMBER OF HIGHEST-PAID WOMEN EXECUTIVES TOTAL DIRECTORS & HIGHEST-PAID EXECUTIVES TOTAL WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES % WOMEN DIRECTORS & HIGHESTPAID EXECUTIVES 33 TOTAL HIGHEST-PAID EXECUTIVES Semiconductors Technology Hardware Financial Services Pharmaceuticals Semiconductors Technology Hardware Utilities & Telecommunications Energy, Materials & Industrials Utilities & Telecommunications Financial Services Technology Hardware Consumer Goods Semiconductors Energy, Materials & Industrials Semiconductors Financial Services Energy, Materials & Industrials Pharmaceuticals Semiconductors Financial Services Energy, Materials & Industrials Technology Software Energy, Materials & Industrials Financial Services Semiconductors Technology Hardware Financial Services Technology Hardware Technology Hardware Energy, Materials & Industrials Health Care Semiconductors Technology Software Semiconductors Financial Services Technology Hardware Pharmaceuticals Semiconductors Technology Software Health Care Financial Services Technology Software Semiconductors Semiconductors Semiconductors Technology Hardware Technology Hardware Semiconductors Consumer Goods Technology Software Financial Services Financial Services Utilities & Telecommunications Consumer Goods Pharmaceuticals Consumer Goods Semiconductors Pharmaceuticals Health Care Semiconductors Semiconductors Pharmaceuticals Energy, Materials & Industrials Semiconductors Semiconductors Semiconductors Consumer Goods Semiconductors Technology Hardware Technology Hardware Technology Hardware Technology Software NUMBER OF WOMEN DIRECTORS COMPANY NAME Applied Micro Circuits Corp Aruba Networks Inc. ASA Gold and Precious Metals Ltd Astex Pharmaceuticals Inc. Atmel Corp Aviat Networks Inc. Boingo Wireless Inc. BreitBurn Energy Partners LP Cadiz Inc. California First National Bancorp Calix Inc. Callaway Golf Co. Cavium Inc. Ceradyne Inc. Ceva Inc. City National Corp Clean Energy Fuels Corp Codexis Inc. Cohu Inc. Colony Financial Inc. Copart Inc. Cornerstone OnDemand Inc. Cubic Corp CVB Financial Corp Cypress Semiconductor Corp Dolby Laboratories Inc. eHealth Inc. Electronics for Imaging Inc. Emulex Corp Encore Capital Group Inc. Endologix Inc. Entropic Communications Inc. Equinix Inc. Exar Corp Excel Trust Inc. Finisar Corp Fluidigm Corp FormFactor Inc. Fortinet Inc. Hansen Medical Inc. Hudson Pacific Properties Inc. Informatica Corp Inphi Corp Integrated Device Technology Inc. Integrated Silicon Solution Inc. Intevac Inc. InvenSense Inc. IXYS Corp JAKKS Pacific Inc. Jive Software Inc. JMP Group Inc. Kilroy Realty Corp Leap Wireless International Inc. LeapFrog Enterprises Inc. Ligand Pharmaceuticals Inc. Limoneira Co. Linear Technology Corp MannKind Corp Masimo Corp Maxim Integrated Products Inc. MaxLinear Inc. Maxygen Inc. McGrath RentCorp Micrel Inc. Microsemi Corp Mindspeed Technologies Inc. Monster Beverage Corp MoSys Inc. NetApp Inc. Newport Corp Ocz Technology Group Inc. OpenTable Inc. TOTAL DIRECTORS 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 MARKET CAPITALIZATION ($B) INDUSTRY RANK (continued) 0.43 2.41 0.56 0.18 3.58 0.24 0.29 1.14 0.15 0.16 0.31 0.36 1.40 0.65 0.71 2.32 1.06 0.19 0.28 0.51 2.87 0.90 1.04 1.05 2.60 3.00 0.29 0.65 0.76 0.52 0.67 0.45 4.73 0.38 0.36 1.51 0.27 0.25 3.38 0.15 0.48 3.95 0.33 1.02 0.21 0.17 1.46 0.41 0.37 0.98 0.16 2.24 0.73 0.37 0.23 0.19 7.52 0.33 1.09 7.56 0.16 0.15 0.71 0.62 1.39 0.18 8.03 0.16 14.16 0.51 0.57 0.89 7 9 5 9 6 8 7 6 8 6 8 9 5 6 8 11 8 6 6 5 7 7 7 8 8 9 8 5 9 8 6 6 8 6 7 7 5 6 7 8 9 9 10 8 9 7 7 7 6 9 9 6 8 8 8 10 7 9 5 7 5 6 7 6 7 7 7 6 10 5 5 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5 4 3 5 5 7 5 5 3 4 6 8 5 4 3 5 5 5 5 1 6 6 5 6 5 5 5 3 4 3 4 5 4 8 5 6 5 4 4 6 5 6 2 5 5 4 6 3 3 5 5 4 6 6 5 4 5 6 5 5 6 2 5 5 5 5 4 4 5 5 4 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12 13 8 14 11 15 12 11 11 10 14 17 10 10 11 16 13 11 11 6 13 13 12 14 13 14 13 8 13 11 10 11 12 14 12 13 10 10 11 14 14 15 12 13 14 11 13 10 9 14 14 10 14 14 13 14 12 15 10 12 11 8 12 11 12 12 11 10 15 10 9 13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 2012 UC Davis Census Ran ki ng s Appendix A (continued) NUMBER OF HIGHEST-PAID WOMEN EXECUTIVES TOTAL DIRECTORS & HIGHEST-PAID EXECUTIVES TOTAL WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES % WOMEN DIRECTORS & HIGHESTPAID EXECUTIVES 34 TOTAL HIGHEST-PAID EXECUTIVES 2012 UC Davis Census Pharmaceuticals Technology Hardware Consumer Goods Consumer Goods Semiconductors Pharmaceuticals Semiconductors Semiconductors Technology Hardware Consumer Goods Consumer Goods Energy, Materials & Industrials Health Care Technology Software Pharmaceuticals Technology Hardware Energy, Materials & Industrials Pharmaceuticals Semiconductors Pharmaceuticals Technology Software Semiconductors Semiconductors Consumer Goods Semiconductors Technology Software Consumer Goods Technology Hardware Semiconductors Consumer Goods Semiconductors Energy, Materials & Industrials Technology Hardware Semiconductors Consumer Goods Technology Software Health Care Technology Software Technology Hardware Pharmaceuticals Health Care Semiconductors Technology Software Energy, Materials & Industrials Technology Software NUMBER OF WOMEN DIRECTORS COMPANY NAME Optimer Pharmaceuticals Inc. OSI Systems Inc. Outdoor Channel Holdings Inc. Pandora Media Inc. PDF Solutions Inc. Pharmacyclics Inc. PMC-Sierra Inc. Power Integrations Inc. Power-One Inc. Quiksilver Inc. ReachLocal Inc. Rentech Inc. Resmed Inc. Responsys Inc. Rigel Pharmaceuticals Inc. Riverbed Technology Inc. RPX Corp SciClone Pharmaceuticals Inc. Semtech Corp Sequenom Inc. ServiceSource International Inc. Sigma Designs Inc. Silicon Image Inc. Skechers U.S.A. Inc. Spansion Inc. Stamps.com Inc. Standard Pacific Corp STEC Inc. Supertex Inc. Tesla Motors Inc. Tessera Technologies Inc. Tetra Tech Inc. TTM Technologies Inc. Ultratech Inc. Universal Electronics Inc. ValueClick Inc. VCA Antech Inc. Verifone Systems Inc. ViaSat Inc. Vivus Inc. Volcano Corp Volterra Semiconductor Corp Websense Inc. Wesco Aircraft Holdings Inc. Zynga Inc. TOTAL DIRECTORS 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 MARKET CAPITALIZATION ($B) INDUSTRY RANK 0.57 0.84 0.19 2.16 0.20 0.71 1.27 0.93 0.48 0.55 0.18 0.17 4.69 0.42 0.56 3.70 0.62 0.25 1.85 0.44 1.14 0.20 0.39 0.60 0.49 0.42 0.63 0.40 0.22 2.99 0.86 1.17 0.89 0.63 0.25 1.31 1.71 4.46 2.08 0.87 1.25 0.64 0.71 0.94 6.79 8 6 9 8 6 7 9 7 8 9 6 8 7 6 8 8 9 7 8 8 8 4 6 9 8 4 7 7 5 8 6 7 10 7 7 6 5 8 6 5 7 5 7 8 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 5 5 5 4 6 5 5 5 5 5 4 4 5 3 5 4 4 5 5 5 3 6 5 6 6 5 4 5 5 7 5 5 2 5 5 5 5 5 7 5 3 6 5 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11 11 14 13 10 13 14 12 13 14 11 12 11 11 11 13 13 11 13 13 13 7 12 14 14 10 12 11 10 13 13 12 15 9 12 11 10 13 11 12 12 8 13 13 14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Appendix B: Who’s Who of Women Directors and Executives of California’s 400 Largest Public Companies (listed alphabetically) COMPANY NAME 8x8 Inc. ABAXIS Inc. Severin, Debbie Jo POSITION Executive CURRENT TITLE Chief Marketing Officer Acacia Research Corp Accelrys Inc. Accuray Inc. Active Network Inc. Activision Blizzard Inc. Actuate Corp Adobe Systems Inc. Advanced Micro Devices Inc. Advent Software Inc. AECOM Technology Corp AeroVironment Inc. Affymax Inc. Affymetrix Inc. Agilent Technologies Inc. Air Lease Corp Alexandria Real Estate Equities Inc. Dávila, Elizabeth Director Director Dadone, Theresa Roland, Sheryl Executive Executive SVP - Human Resources EVP - Human Resources Eberhart, H. Paulett DiMarco, Stephanie G. Director Director Director CEO Manfredi, Christine S. Chang, Lily S. DiMarco, Stephanie G. Director Executive Executive Director EVP, Chief Technology Officer CEO Griego, Linda Chmielinski, Jane A. Cline, Cathleen Director Executive Executive Director EVP, Americas and Chief Corporate Officer SVP - Administration LaPorte, Kathleen van Heek, Christine Duliege, Anne-Marie Director Director Executive Director Director Chief Medical Officer Nachtsheim, Jami Dover Fields, Heidi K. Director Director Retired Corporate VP, Intel Corporation Director Freire, Maria C. Director President - Albert and Mary Lasker Foundation Dunsire, Deborah Hudson, Dawn Director Director Director Director Marshall, Siri S. Finney, Elisha W. Wang, Susan Director Director Director Director SVP, CFO, Varian Medical Systems Inc. Director Align Technology Inc. Allergan Inc. Alpha and Omega Semiconductor Ltd Alphatec Holdings Inc. Altera Corp American Assets Trust Inc. American Reprographics Co. American States Water Co. American Vanguard Corp Amgen Inc. AMN Healthcare Services Inc. Amylin Pharmaceuticals Inc. Amyris Inc. Anacor Pharmaceuticals Inc. Anthera Pharmaceuticals Inc. Anworth Mortgage Asset Corp Apple Inc. Applied Materials Inc. Applied Micro Circuits Corp Ardea Biosciences Inc. Arden Group Inc. Arena Pharmaceuticals Inc. Ariba Inc. Aruba Networks Inc. ASA Gold and Precious Metals Ltd Anderson, Sarah J. Bontá, Diana M. Holloway, Anne M. Wilkins, Janice F. Kruger, Denise L. Tang, Eva G. Edwards, Debra F. Henderson, Rebecca M. Pelham, Judith C. Marsh, Martha H. Salka, Susan R. Jackson, Denise L. Salka, Susan R. Beck, Teresa Behrens, M. Kathleen Eastham, Karin Lloyd, Marcea Bland Piwnica, Carole Hilleman, Jeryl Director Director Director Director Executive Executive Director Director Director Director Director Executive Executive Director Director Director Executive Director Executive Director President, CEO - The California Wellness Foundation Director Retired Vice President, Intel Corp SVP SVP, CFO, Corporate Secretary, Treasurer Director Director Tompkins, Tamara Shapiro, Lucy Kilfoil, Georgina Executive Director Executive EVP, General Counsel Director SVP Odink, Debra Baines, Heather U. Pashamova, Bistra Executive Executive Executive Chief Technology Officer EVP SVP, Portfolio Manager Jung, Andrea James, Susan M. Director Director Director Retired Partner of Ernst & Young LLP Dixon, Wendy L. Manhard, Kimberly J. Neumann, Laura J. Director Executive Executive Consultant SVP CFO Nova, Tina S. White, Christine A. Edelman, Harriet Director Director Director Director Director Director Director Director President, CEO SVP President, CEO Director Director Director SVP, General Counsel Director CFO Autodesk Inc. AVANIR Pharmaceuticals Inc. Avery Dennison Corp Aviat Networks Inc. bebe stores inc. 2012 COMPANY RANK 400 156 400 10.0% 0.0% 400 - 400 400 0.0% 0.0% 199 112 14.3% 400 400 400 204 400 400 7.7% 0.0% 0.0% 400 223 400 261 0.0% 6.3% 2 5 33.3% 12.5% 132 141 158 183 8.3% - 30 23.1% 199 223 400 400 224 224 400 164 7.1% 7.1% 0.0% 9.1% 400 400 0.0% 132 131 13.3% 253 400 250 0.0% 6.7% 173 91 15.4% 400 400 0.0% 400 0.0% 7 3 37.5% 223 204 7.7% 145 154 10.5% 2 5 33.3% 21 21 25.0% 55 45 20.0% - 164 9.1% 74 91 15.4% 158 68 16.7% 173 253 400 224 250 400 7.1% 6.7% 0.0% 60 68 16.7% 132 112 14.3% - 112 14.3% 173 400 183 400 400 8.3% 0.0% 0.0% 400 400 0.0% 0.0% 400 Astex Pharmaceuticals Inc. Atmel Corp % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES 2011 COMPANY RANK McDowell, Mary T. Norrington, Lorrie M. Ocampo, Christine G. Director Director Executive EVP, Mobile Phones, Nokia Corporation Independent Consultant Vice President - Finance 94 112 14.3% 152 Stewart, Julia A. Director Chairman and CEO, DineEquity Inc. 142 - 164 250 400 9.1% 6.7% 0.0% Bass, Barbara Director Director Cohen, Cynthia Fabricant, Emilia Powers, Susan Director Executive Executive Director President SVP - Stores 1 2 40.0% 35 2012 UC Davis Census Who’s Who Appendix B COMPANY Big 5 Sporting Goods Corp Biomarin Pharmaceutical Inc. BioMed Realty Trust Inc. Bio-Rad Laboratories Inc. BioTime Inc. BJ's Restaurants Inc. (continued) NAME POSITION CURRENT TITLE Bane, Sandra N. Dunbar, Jennifer H. Heron, Elaine J. Cambon, Barbara R. Wilson, M. Faye Neff, Deborah J. Schwartz, Alice N. Tsingos, Christine A. Segall, Judith Ottinger, Lea Anne S. Miller, Kendra D. Director Director Director Director Director Director Director Executive Director Director Executive Director CEO of PS Business Parksú Director Director Director President, CEO, Pathwork Diagnostics, Inc. Director Vice President, CFO Vice President of Administration, Corporate Secretary Managing Partner of LMR Advisors SVP, General Counsel Downey, Paula F. Moore, Constance B. Myerson, Jeanne R. Moore, Constance B. Director Director Director Executive Director President and CEO Director President and CEO Fox, Marye Anne McAuliffe, Jane L. Thompson, Diane L. Handel, Nancy H. Klawe, Maria M. Bruner, Judy Bostrom, Susan L. Aker, Hazel M. Director Executive Executive Director Director Director Director Executive Director EVP, Chief Academic Officer SVP - Secretary and General Counsel Director Director EVP - Administration, CFO, SanDisk Corp Former EVP and Chief Marketing Officer, Cisco Systems, Inc. SeniorúViceúPresident, General Counsel, Secretary Cutino, Camille Teixeira, Nadine B. McFarlane, Dorcas H. Executive Executive Director Vice President - Operations and Human Resources Vice President - International Legal Affairs Director Boingo Wireless Inc. BRE Properties Inc. BreitBurn Energy Partners LP Bridgepoint Education Inc. Broadcom Corp Brocade Communications Systems Inc. Cadence Design Systems Inc. Cadence Pharmaceuticals Inc. Cadiz Inc. CAI International Inc. Calavo Growers Inc. California First National Bancorp California Water Service Group Hill, Bonnie G. Meier, Linda R. Director Director President of B. Hill Enterprises, LLC Director Calix Inc. Callaway Golf Co. Callidus Software Inc. CapitalSource Inc. Capstone Turbine Corp CareFusion Corp Vion, Michele Albert, V. Holly Grootwassink Lewis, Sara Van Deursen, Holly A. Brooks, Jayme L. Kosecoff, Jacqueline B. Cooney, Cathy Director Executive Director Director Executive Director Executive Director SVP, General Counsel, Secretary CEO of Lewis Corporate Advisors Director Vice President of Finance, Chief Accounting Officer CEO EVP, Human Resources Cavium Inc. CBRE Group Inc. Central Garden & Pet Co. Century Aluminum Co. Cepheid Inc. Ceradyne Inc. Ceva Inc. Cheesecake Factory Inc. Chevron Corp Cisco Systems Inc. Citrix Systems Inc. City National Corp Clean Energy Fuels Corp Clorox Co. Su, Jane J. Tyson, Laura D. Varlas, Lori A. Harrison, Michelle Kepner, Cristina H. Director Director Executive Executive Director Director Director SVP, CFO Vice President, Treasurer Director Zurzolo, Debby R. Deily, Linnet F. Yarrington, Patricia E. Bartz, Carol A. Executive Director Executive Director EVP, General Counsel and Secretary Director Vice President, CFO Former CEO, Yahoo! Inc. Burns, M. Michele Johnson, Kristina M. Caldwell, Nanci E. Director Director Director Director Director Director Thomas-Graham, Pamela Ticknor, Carolyn M. Stein, Laura Director Director Executive Director Director SVP, General Counsel James, Susan M. Simonet, Helene Director Executive Director EVP, CFO Codexis Inc. Coherent Inc. Cohu Inc. Colony Financial Inc. Conceptus Inc. Tunstall, Kathryn A. Brooks, Julie A. Cooper Companies Inc. Lindell, Jody S. Kaufman, Carol R. Copart Inc. Corcept Therapeutics Inc. Core Mark Holding Co. Inc. CoreLogic Inc. Corinthian Colleges Inc. LeDoux, Anne Loretz-Congdon, Stacy Studenmund, Jaynie Miller Widener, Mary Lee Kane, Alice Robinson, Sharon P. Skladany, Linda Arey Wilson, Beth Director Chairman of the Board Executive Director Executive EVP, General Counsel, Secretary and Chief Compliance Officer President and CEO of S.G. Management, Inc. EVP, Secretary, Chief Administrative Officer Executive Executive Director Director Director Director Director Executive Vice President, Controller, Chief Accounting Officer SVP, CFO Director Director Director Director Director EVP Cornerstone OnDemand Inc. 2012 UC Davis Census 36 2011 COMPANY RANK 2012 COMPANY RANK % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES 16.7% - 68 223 224 7.1% 74 68 16.7% 60 21 25.0% - 204 7.7% 199 112 14.3% 400 400 0.0% 7 18 26.7% 400 400 0.0% 152 30 23.1% 104 112 14.3% 223 156 10.0% 199 156 10.0% 253 - 250 400 6.7% 0.0% 199 112 14.3% 262 268 5.6% - 400 0.0% 120 91 15.4% 400 400 400 400 0.0% 0.0% - 68 16.7% - 204 7.7% 104 112 14.3% 104 141 12.5% 400 400 0.0% 132 131 13.3% 400 400 223 400 164 183 271 400 9.1% 8.3% 5.3% 0.0% 400 173 400 183 0.0% 8.3% 145 141 12.5% 145 68 16.7% 260 400 204 400 400 7.7% 0.0% 0.0% 21 55 18.8% 400 400 0.0% 60 68 16.7% 400 400 400 400 0.0% 0.0% 60 131 13.3% 120 91 15.4% 400 74 173 400 183 204 0.0% 8.3% 7.7% 173 152 11.1% 44 18 26.7% 400 400 0.0% Who’s Who Appendix B COMPANY CorVel Corp Crown Media Holdings Inc. Cubic Corp CVB Financial Corp Cymer Inc. NAME POSITION CURRENT TITLE Macino, Jean H. Director Director Blaha, Diane J. Stedem, Deanne R. Executive Director SVP - Sales, Account Management Director Vicary, Michelle Executive EVP, Programming McGinnis, Karen K. Executive Vice President, Corporate Controller, Chief Accounting Officer Barsa, Karyn O. Director CEO of Coyuchi, Inc. Cypress Semiconductor Corp Deckers Outdoor Corp Demand Media Inc. DepoMed Inc. DexCom Inc. Digital Realty Trust Inc. DineEquity Inc. DIRECTV Conners, Maureen Director President of Conners Consulting Shanahan, Lauri Rishwain, Constance X. Director Executive Independent Consultant President - UGG Brand Bradford, Joanne K. Executive Chief Revenue, Marketing Officer Dawes, Karen A. Director President, Knowledgeable Decisions, LLC Cameron, Tammy L. Kahn, Barbara Executive Director Former Vice President, Finance Professor of Marketing at The Wharton School Earley, Kathleen Ernst, Ruann F. Director Director Director Director Nahas, Caroline W. Director Director Stewart, Julia A. Birch, Jean M. Stewart, Julia A. Director Executive Executive Chairman and CEO President, IHOP Business Unit Chairman and CEO Newcomb, Nancy Director Director Norrington, Lorrie M. Director Independent Consultant Dolby Laboratories Inc. (continued) % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES 2011 COMPANY RANK 2012 COMPANY RANK 60 59 18.2% 262 154 10.5% 400 400 199 400 400 224 0.0% 0.0% 7.1% 400 400 0.0% 9 12 28.6% 223 224 7.1% 60 91 15.4% 400 204 7.7% 74 59 18.2% 16 21 25.0% 104 68 16.7% 400 400 0.0% 60 59 18.2% 173 250 6.7% 55 38 21.4% 173 164 9.1% 44 45 20.0% 132 148 11.8% 104 91 15.4% 11.8% Chao, Elaine L. Director Director Lansing, Sherry Rich, Andrea L. Director Director Director Former President and CEO, L.A. County Museum of Art Hobson, Mellody Director Director Daly, Ann Globe, Anne Molina, V. Sue Executive Executive Director COO Chief Marketing Officer Director Gilbert, Denise M. Phillips, Peggy V. Lew, Jennifer Director Director Executive Director Director Vice President, Finance Lepore, Dawn G. Mitic, Kathleen C. Denholm, Robyn M. Director Director Director Director Director EVP, CFO Rafael, Betsy Chang, Vanessa C. L. Córdova, France A. Director Director Director Director Director Director 104 148 McNeil, Barbara J. Director Director 199 204 400 400 0.0% Laybourne, Geraldine B. Director Chairman of Alloy, Inc. 120 250 6.7% Electronics for Imaging Inc. Emulex Corp 400 400 400 400 0.0% 0.0% Encore Capital Group Inc. Endologix Inc. 400 400 400 400 0.0% 0.0% Dole Food Co. Inc. Douglas Emmett Inc. DreamWorks Animation Inc. DTS Inc. Dynavax Technologies Corp eBay Inc. Echelon Corp Edison International Edwards Lifesciences Corp eHealth Inc. Electronic Arts Inc. Ensign Group Inc. Entropic Communications Inc. Epocrates Inc. Equinix Inc. Essex Property Trust Inc. Exar Corp Excel Trust Inc. Exelixis Inc. Exponent Inc. Extreme Networks Inc. Fairchild Semiconductor International Inc. Farmer Brothers Company Financial Engines Inc. Hubenette, Antoinette Director Director Snapper, Suzanne D. Wittekind, Beverly B. Executive Executive CFO Vice President, General Counsel Gervais, Heather A. Executive SVP - Commercial Operations Sears, Janice L. Director Former Managing Director, Banc of America Securities Schwab, Gisela M. Simonton, Pamela A. Cranston, Mary B. Honda, Diane Goodwin, Robin Assadi, Hamideh Grossman, Jeanne Farmer Berg-Lacy, E. Olena Fields, Heidi K. Executive Executive Director Executive Executive Director Director Director Director EVP, Chief Medical Officer EVP, General Counsel Director Vice President, General Counsel, Secretary EVP - Manufacturing and Supply Chain Director Director Director Director 7.7% 14 21 25.0% 400 94 400 224 0.0% 7.1% 400 247 400 - 400 224 400 400 0.0% 7.1% 0.0% 0.0% 55 131 13.3% 21 400 400 183 224 250 8.3% 7.1% 6.7% - 37 22.2% 104 112 14.3% Finisar Corp 400 400 0.0% Fluidigm Corp FormFactor Inc. Fortinet Inc. 400 400 400 400 400 400 0.0% 0.0% 0.0% 72 55 18.8% 44 45 20.0% 173 204 7.7% 30 38 23.1% Franklin Resources Inc. Gap Inc. GenCorp Inc. Genomic Health Inc. Stein, Laura Tatlock, Anne M. Johnson, Jennifer M. Goren, Isabella D. Tsang, Katherine Simmons, Sabrina L. Redd, Kathleen E. Graham, Ginger L. Popovits, Kimberly J. Popovits, Kimberly J. Director Director Executive Director Director Executive Executive Director Director Executive SVP, General Counsel, Clorox Co. Director EVP, COO Directorú Directorú EVP, CFO Vice President, CFO, Secretary Director Chairman of the Board, President, CEO Chairman of the Board, President, CEO 37 2012 UC Davis Census Who’s Who Appendix B COMPANY (continued) NAME 2012 COMPANY RANK % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES 223 68 16.7% 30 112 14.3% 72 65 17.6% - 183 8.3% 55 55 18.8% 15.4% 2011 COMPANY RANK POSITION CURRENT TITLE Shapiro, Lucy Director Director Ellerbrock, Jorgine Eastham, Karin Behrs, Melissa A. Executive Director Executive SVP - Operations Director SVP Hills, Carla A. Director Director Glu Mobile Inc. Wilson, Gayle E. Washington, Robin L. Mather, Ann Director Executive Director Director SVP, CFO Director Google Inc. Greene, Diane B. Mather, Ann Director Director Directorú Directorú Tilghman, Shirley M. McDonald, Rebecca A. Director Director Directorú Director Krzeminski, Laurel J. Executive Vice President, CFO 104 91 Hanna, Virginia L. Blumenthal, Judith Isaacson-Leibowitz, Kay Director Director Director Director Director Director 173 183 8.3% 59 18.2% - 164 9.1% 74 30 23.1% Gen-Probe Inc. Geron Corp Gilead Sciences Inc. Granite Construction Inc. Green Dot Corp Guess? Inc. 94 Guidance Software Inc. O'Neil, Kathleen Director Director Halozyme Therapeutics Inc. Falberg, Kathryn E. Matsui, Connie L. Liu, Jean I. Director Director Executive Director Director Vice President, General Counsel, Secretary Swenson, Susan G. Aver, Carolyn V. Garvey, Christine N. Martin, Lauralee E. Tate, Susan M. Citrino, Mary Anne Escarra, Vicki B. Fitzgerald, Gale S. Baron, Jessica Livermore, Ann M. Russo, Patricia F. Whitman, Margaret C. Lesjak, Catherine A. Whitman, Margaret C. D’An, Evelyn Graham, Terri Funk Harper, Lisa Harper, Lisa Director Executive Director Director Executive Director Director Director Executive Director Director Director Executive Executive Director Director Director Executive Former President, CEO, Sage Software - North America CFO Director Director EVP - Post/Acute and Hospitals Director Director Director Interim CFO Director Director President, CEO EVP, CFO President, CEO Director Director CEO, Chairman Chairman, CEO Burcar, Alison D. Ben-Maimon, Carole S. Ranzetta, Theresia Gouw Phi, Trâm Brennan, Ita M. Executive Executive Director Executive Executive Vice President of Product Development President, Global Pharmaceuticals Division Director Vice President, General Counsel CFO Heisz, Leslie Stone Levinson, Linda Fayne Director Director Director Director Hansen Medical Inc. Harmonic Inc. HCP Inc. Health Net Inc. Hercules Technology Growth Capital Inc. Hewlett-Packard Co. Hot Topic Inc. Hudson Pacific Properties Inc. ICU Medical Inc. Impax Laboratories Inc. Imperva Inc. Infinera Corp Informatica Corp Ingram Micro Inc. Inphi Corp Integrated Device Technology Inc. Integrated Silicon Solution Inc. Intel Corp Intermolecular Inc. InterMune Inc. International Rectifier Corp Intersil Corp Barshefsky, Charlene Director Decker, Susan L. Malik, Zia Porter, Marianne Cranston, Mary B. Director Executive Executive Director Director Director SVP - Global Sales, Marketing SVP, Chief Regulatory, Drug Safety Officer Director Rambo, Barbara L. Johnson, Mercedes Hardman, Susan J. Director Director Executive Director Director SVP - Analog and Mixed-Signal Products Group Intevac Inc. Intuit Inc. Intuitive Surgical Inc. InvenSense Inc. IPC The Hospitalist Co. Inc. IRIS International Inc. Isis Pharmaceuticals Inc. ISTA Pharmaceuticals Inc. Ixia IXYS Corp j2 Global Inc. Jack in the Box Inc. Jacobs Engineering Group Inc. JAKKS Pacific Inc. JDS Uniphase Corp 2012 UC Davis Census Greene, Diane B. Johnson, Suzanne Nora Fennell, Laura A. Johnson, Amal M. Director Director Executive Director Director Director SVP, General Counsel Former Chairman, CEO - MarketTools, Inc. Shapiro, Devra G. Karlan, Beth Y. Parshall, B. Lynne Executive Director Director Chief Administrative Officer Director COO, CFO Parshall, B. Lynne Silvernail, Lauren P. Hamilton, Gail Executive Executive Director COO, CFO CFO and Vice President, Corporate Development Director Griggs, Kathleen M. Kleiner, Madeleine A. Lang, Linda A. Executive Director Director CFO Director ChairmanúofútheúBoard, CEO and President Webb, Winifred M. Lang, Linda A. Levinson, Linda Fayne Director Executive Director Director ChairmanúofútheúBoard, CEO and President Director Herscher, Penelope A. Director Director 38 - 400 0.0% 223 68 16.7% 104 55 18.8% 40 38 21.4% 400 164 9.1% 6 10 31.3% 9 12 28.6% 400 173 400 400 164 183 0.0% 9.1% 8.3% - 91 15.4% 199 400 164 400 9.1% 0.0% 120 112 14.3% 400 400 - 400 400 400 0.0% 0.0% 0.0% 44 131 13.3% 158 183 224 8.3% 7.1% 94 131 13.3% 104 112 14.3% 400 400 0.0% 120 30 23.1% 223 224 7.1% - 400 0.0% 199 - 141 183 12.5% 8.3% 74 59 18.2% 94 158 400 183 164 400 9.1% 0.0% 158 156 10.0% 30 11 30.8% 253 400 224 400 7.1% 0.0% 223 183 8.3% 8.3% Who ’s Who Appendix B COMPANY NAME POSITION CURRENT TITLE Jive Software Inc. JMP Group Inc. Juniper Networks Inc. Kaiser Aluminum Corp KB Home Kennedy-Wilson Holdings Inc. Keynote Systems Inc. Cranston, Mary B. Director Director Johnson, Mercedes Denholm, Robyn M. Director Executive Director EVP, CFO Elliott, Gerri Executive EVP, Chief Sales Officer Bartholomew, Carolyn Hopp, Teresa A. Martin, Lauralee E. Director Director Director Commissioner, U.S.-China Commission Director Director Alexander, Barbara T. Director Director Lora, Melissa Hendrickson, Cathy Ricks, Mary Director Director Executive Director Director President, CEO, Kennedy Wilson Europe Johnson, Jennifer M. Director EVP, COO, Franklin Resources Inc. Rieman, Deborah Director Retired President, CEO, Check Point Software Technologies Inc. Kilroy Realty Corp Collins, Tracy L. KKR Financial Holdings LLC KLA-Tencor Corp Korn/Ferry International Kratos Defense & Security Solutions Inc. Lam Research Corp Leap Wireless International Inc. LeapFrog Enterprises Inc. Life Technologies Corp Ligand Pharmaceuticals Inc. Limoneira Co. Linear Technology Corp LinkedIn Corp Lions Gate Entertainment Corp Live Nation Entertainment Inc. LSI Corp LTC Properties Inc. Macerich Co. Director McAneny, Deborah H. Director Director Macarchuk, Nicole J. Higashi, Emiko Perry, Debra J. Dutra, Ana Judd, Jane Lund, Deanna Heckart, Christine A. Lego, Catherine P. O’Dowd, Sarah A. Executive Director Director Executive Director Executive Director Director Executive General Counsel and Secretary Director Director Chief EVP, CEO of Leadership and TalentúConsulting Director EVP, CFO Director Director Group Vice President, Chief Legal Officer Pescovitz, Ora H. Director Director Kilgore, Leslie Yaffe, Phyllis Willard, Kathy Whitney, Susan Rankin, Jean F. Shapiro, Devra G. Simpson, Wendy L. Shelley-Kessler, Pamela Simpson, Wendy L. Laing, Diana M. Director Director Executive Director Executive Director Director Executive Executive Director Chief Marketing Officer, Netflix Inc. Director CFO Retired General Manager, IBM Systems EVP, General Counsel and Secretary Chief Administrative Officer, IPC The Hospitalist Co. Inc. President, CEO EVP, CFO and Corporate Secretary CEO and President Director Henwood, Gerri A. Friedman, Charlene A. Director Executive President, Malvern Consulting Group Vice President, General Counsel, Secretary Fergusson, Frances D. Loyd, Kathy White Rich, Andrea L. Director Director Director Former President of Vassar College Founder, Horizon Institute of Technology Former President and CEO, L.A. County Museum of Art Masimo Corp Mattel Inc. Maxim Integrated Products Inc. MaxLinear Inc. Maxwell Technologies Inc. 2011 COMPANY RANK 2012 COMPANY RANK % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES - 400 400 0.0% 0.0% 120 18 26.7% 44 45 20.0% 120 112 14.3% 74 68 16.7% 60 68 16.7% 400 400 0.0% - 45 20.0% 247 261 6.3% 21 68 16.7% 21 68 16.7% 199 65 17.6% 400 400 260 - 400 400 261 400 400 0.0% 0.0% 6.3% 0.0% 0.0% 400 74 253 400 183 268 268 0.0% 8.3% 5.6% 5.6% 104 131 13.3% 2 4 36.4% 247 224 7.1% 400 400 0.0% 94 91 15.4% 400 400 0.0% 55 68 16.7% 400 400 173 400 400 183 0.0% 0.0% 8.3% - 400 0.0% 21 29 23.5% 400 400 0.0% 13 12 28.6% Director MannKind Corp MAP Pharmaceuticals Inc. (continued) Jorden, Yon Yoon Director Director Ballantine, Elizabeth Evangelisti, Molly Maloney Director Director Director Director Feldstein, Kathleen Foley Morgan-Prager, Karole Director Executive Director Vice President, General Counsel, Secretary Jacobs, M. Christine Director President, CEO, Theragenics Corporation Knowles, Marie L. Shaw, Jane E. Seeger, Laureen E. Cohen, Cheryl Director Director Executive Executive Retired EVP, CFO, Atlantic Richfield Company Director EVP, General Counsel, Chief Compliance Officer Chief Commercial Officer Seely, Lynn Marcon, Martha E. Executive Director 145 45 20.0% Director 223 400 400 224 400 400 7.1% 0.0% 0.0% 400 400 0.0% MIPS Technologies Inc. Mitek Systems Inc. Washington, Robin L. Thornton, Sally B. Richardson, Sally K. Director Director Director SVP, CFO, Gilead Sciences Inc. Director Director 158 - 224 141 7.1% 12.5% Molina Healthcare Inc. Romney, Ronna E. Bayer, Terry P. Smith Bogart, Karen A. Rao, Meera Director Executive Director Executive Director COO Director CFO 30 45 20.0% 158 68 16.7% - 400 400 0.0% 0.0% 173 131 13.3% Maxygen Inc. McClatchy Co. McGrath RentCorp McKesson Corp Medivation Inc. Mercury General Corp Micrel Inc. Microsemi Corp Chief Medical Officer Mindspeed Technologies Inc. Monolithic Power Systems Inc. Monster Beverage Corp MoSys Inc. Move Inc. Glaser, Rachel C. Whatley, Catherine B. Director Director Director Director 39 2012 UC Davis Census Who’s Who Appendix B (continued) COMPANY NAME Multi-Fineline Electronix Inc. Lim, Linda Y. C. Besnard, Christine Director Executive Director EVP, General Counsel and Secretary Egan, Nancy E. Engibous, Doris E. Wang, Susan Executive Director Director General Counsel Directorú Director Kilgore, Leslie Mather, Ann Director Director Chief Marketing Officer Director Kilgore, Leslie Carter-Miller, Jocelyn E. Scherer, Barbara V. Executive Director Director Chief Marketing Officer Director Director Shimer, Julie A. Gorjanc, Christine M. Farrington, Deborah Kinney, Catherine R. Director Executive Director Director Director CFO Director Director Nevinny, Corinne H. Director Director Nanometrics Inc. Natus Medical Inc. Nektar Therapeutics NetApp Inc. Netflix Inc. NETGEAR Inc. NetSuite Inc. Neurocrine Biosciences Inc. Newport Corp NuVasive Inc. NVIDIA Corp Obagi Medical Products Inc. Occidental Petroleum Corp POSITION CURRENT TITLE More, Eileen M. Burns, Karen T. Director Executive Director Vice President, Interim CFO Shoquist, Debora Hunter, Laura B. Foran, Margaret M. Tomich, Rosemary Executive Executive Director Director EVP, Operations Vice President Director Director Ocz Technology Group Inc. Omnicell Inc. OmniVision Technologies Inc. ONYX Pharmaceuticals Inc. White, Sara J. Ortigas-Wedekind, Marga Chou, Y. Vicky Nevinny, Corinne H. Torley, Helen Director Executive Executive Director Executive Director Vice President - Global Marketing, Product Development Vice President - Global Management Director EVP, Chief Commercial Officer Gong, River Yin, Shirley Executive Executive SVP - Worldwide Sales EVP, CFO Catz, Safra A. Seligman, Naomi O. Catz, Safra A. Director Director Executive President, CFO, Oracle Corp Director President, CFO OpenTable Inc. Oplink Communications Inc. Optimer Pharmaceuticals Inc. Oracle Corp OSI Systems Inc. Outdoor Channel Holdings Inc. Pacific Biosciences of California Inc. Siegel, Susan Barnes, Susan Director Executive General Partner of Mohr Davidow Ventures EVP, CFO Pandora Media Inc. PDF Solutions Inc. Peet's Coffee & Tea Inc. PennyMac Mortgage Investment Trust Pericom Semiconductor Corp PG&E Corp Billings, Hilary Sartain, Elizabeth Bogeajis, Kay L. Stewart, Stacey D. McCallion, Anne D. Chen, Angela Herringer, Maryellen C. Rambo, Barbara L. Director Director Executive Director Executive Executive Director Director Director Director Vice President - Retail Director CFO SVP - Finance Asia Director Director Pharmacyclics Inc. PICO Holdings Inc. Plantronics Inc. Leslie, Kristina M. Sullivan, Julie H. Niemi, Renee Director Director Executive Former CFO, DreamWorks Animation SKG, Inc. Director SVP - Communication Solutions Scherer, Barbara Executive SVP - Finance & Administration, CFO PMC-Sierra Inc. Polycom Inc. Atkins, Betsy S. Director Director Newell, Tracey E. Executive EVP - Global Sales Power Integrations Inc. Power-One Inc. PriceSmart Inc. Procera Networks Inc. ProLogis Inc. PS Business Parks Inc. Public Storage QAD Inc. QLogic Corp QUALCOMM Inc. Quality Systems Inc. Quantum Corp 2012 UC Davis Census Bahrambeygui, Sherry S. Hensley, Katherine L. Losty, Mary Director Director Director Director Director Director Garvey, Christine N. Kennard, Lydia H. Dunbar, Jennifer H. Director Director Director Director Director CEO of PS Business Parksú Grootwassink Lewis, Sara Hawthorne, Maria R. Gustavson, Tamara Hughes Director Executive Director CEO of Lewis Corporate Advisors EVP - East Coast Director Krol, Candace N. Lopker, Pamela M. Bellamy, Kara L. Lopker, Pamela M. Executive Director Executive Executive SVP - Human Resources President, Chairman of the Board SVP, Corporate Controller, Chief Accounting Officer Chairman of the Board, President Lewis, KathrynúB. Hu, Jean Alexander, Barbara T. Director Executive Director Director SVP, CFO Director Lansing, Sherry Spivack, Maureen A. Fetter, Elizabeth A. Director Director Director Director Director Director Breard, Linda M. Lee, Janae S. Executive Executive CFO SVP - File System & Archive 40 2011 COMPANY RANK 2012 COMPANY RANK % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES 15.4% 60 91 400 204 7.7% 158 223 400 164 112 400 9.1% 14.3% 0.0% 74 21 25.0% 30 12 28.6% 74 91 15.4% 120 400 204 400 7.7% 0.0% 173 156 10.0% 199 131 13.3% - 156 10.0% 151 148 11.8% - 400 0.0% 40 91 15.4% 152 156 10.0% 30 91 15.4% 173 400 0.0% 44 45 20.0% 199 400 0.0% 74 65 17.6% 400 - 400 400 0.0% 0.0% - 91 15.4% - 400 400 0.0% 0.0% 14 21 25.0% 94 112 14.3% - 164 9.1% 142 183 8.3% 152 400 0.0% 94 91 15.4% 16.7% 74 68 400 400 0.0% 74 68 16.7% 400 223 400 400 0.0% 0.0% 223 112 14.3% - 156 10.0% 199 152 11.1% 21 21 25.0% 104 112 14.3% - 16 27.3% 199 91 15.4% 145 148 11.8% 223 272 5.0% 44 30 23.1% Who ’s Who Appendix B (continued) 2011 COMPANY RANK 2012 COMPANY RANK % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES 158 173 400 204 204 400 7.7% 7.7% 0.0% 173 21 25.0% 120 45 20.0% - 164 9.1% 400 199 400 204 0.0% 7.7% 74 68 16.7% 44 38 21.4% 247 - 250 400 6.7% 0.0% Resmed Inc. 400 400 0.0% Responsys Inc. Rigel Pharmaceuticals Inc. Riverbed Technology Inc. Robert Half International Inc. 400 400 400 173 400 400 400 164 0.0% 0.0% 0.0% 9.1% COMPANY NAME Questcor Pharmaceuticals Inc. Quidel Corp Quiksilver Inc. Engelke, Kristine Polan, Mary Lake Executive Director Director of Finance, Corporate Controller Professor, Stanford University School of Medicine Syiek, Bronwyn Bhanap, Nina Syiek, Bronwyn Herscher, Penelope A. Director Executive Executive Director President Chief Technology Officer President Director Holt, Sharon E. Bruhn, Suzanne L. Executive Director SVP - GM Semiconductor Business Group Director QuinStreet Inc. Rambus Inc. Raptor Pharmaceutical Corp ReachLocal Inc. RealD Inc. Realty Income Corp Redwood Trust Inc. Reliance Steel & Aluminum Co. Rentech Inc. Ross Stores Inc. Rovi Corp POSITION CURRENT TITLE Lansing, Sherry Allen, Kathleen R. Director Director Director Director Huskins, Priya Cherian Byerwalter, Mariann Proctor, Georganne C. Merdian, Diane L. Lewis, Karla R. Director Director Director Executive Executive Director Director Director CFO EVP, CFO Novogradac, Barbara J. Garrett, Sharon D. Director Director Director Director Rentler, Barbara Quindlen, Ruthann Executive Director President,úChief Merchandising Officer General Partner, Institutional Venture Partners 94 91 15.4% 152 164 9.1% 223 104 400 183 0.0% 8.3% RPX Corp Ryland Group Inc. St. Martin, Charlotte Director Director Sabra Health Care REIT Inc. Nevo-Hacohen, Talya Executive EVP, Chief Investment Officer & Treasurer Grove, Janet E. Dietz, Diane M. Renda, Larree M. Young, Shirley Director Executive Executive Director Director EVP, Chief Marketing Officer Executive ViceúPresident, President - Safeway Health Inc. Director Lego, Catherine P. Bruner, Judy Director Executive Director EVP - Administration, CFO Ramasastry, Saira Ward, Jackie M. Crawford, Debra P. Director Director Executive Financial and Business Development Consultant Consultant SVP, CFO, Treasurer and Secretary Fox, Carey J. Bechtle, Nancy H. Executive Director SVP, General Counsel Director Sneed, Paula A. Director Director Reed, Debra L. Director Director Safeway Inc. salesforce.com inc. SanDisk Corp Sangamo BioSciences Inc. Sanmina-SCI Corp Santarus Inc. - 141 12.5% 44 30 23.1% 223 250 6.7% 94 91 15.4% 400 223 204 250 7.7% 6.7% - 112 14.3% 120 131 13.3% 400 400 0.0% 142 44 21.1% Semtech Corp 400 400 0.0% Sequenom Inc. ServiceSource International Inc. 400 400 400 400 0.0% 0.0% Schwab Corp SciClone Pharmaceuticals Inc. Sempra Energy Schenk, Lynn Director Director Reed, Debra L. Rowland, G. Joyce Executive Executive CEO SVP - Human Resources, Diversity and Inclusion ShoreTel Inc. Shutterfly Inc. Sigma Designs Inc. Hahn, Ava M. Schoendorf, Nancy J. Executive Director SVP, General Counsel & Secretary Director 400 173 400 224 183 400 7.1% 8.3% 0.0% Silicon Graphics International Corp Silicon Image Inc. Pratt, Jennifer Executive SVP - Human Resources 400 400 204 400 7.7% 0.0% Chatman, Jennifer A. MacGillivray, Robin G. Colonias, Karen Armstrong, Katharine Director Director Executive Director Director Director CFO and Secretary Director 30 30 23.1% Rosenstock, Linda Director Director Mather, Ann Graebner, Linda McCarthy, Cathy L. Director Director Director Director Managing Partner of LG Associates Director Simpson Manufacturing Co. Inc. SJW Corp Skechers U.S.A. Inc. Skilled Healthcare Group Inc. Solazyme Inc. Solta Medical Inc. Spansion Inc. STAAR Surgical Company Andrews, Deborah Executive Vice President, CFO Stamps.com Inc. Standard Pacific Corp STEC Inc. SunPower Corp Sunstone Hotel Investors Inc. Super Micro Computer Inc. Superior Industries International Inc. Supertex Inc. Symantec Corp Symmetricom Inc. Synaptics Inc. SYNNEX Corp Synopsys Inc. Tejon Ranch Co. Teledyne Technologies Inc. Atkins, Betsy S. Behar, Z. Jamie Liu Liang, Chiu-Chu (Sara) Liu Liang, Chiu-Chu (Sara) Dano, Margaret S. Director Director Director Executive Director Director Director VP of Operations, Treasurer VP of Operations, Treasurer Director Laybourne, Geraldine B. Fetter, Elizabeth A. Bayless, Kathleen A. Zulberti, Andrea Director Director Executive Director Chairman of Alloy, Inc. Director SVP, CFO, Secretary, Treasurer Director Coleman, Deborah A. Perkinson, Kathleen Austin, Roxanne S. Director Executive Director Director SVP - Natural Resources and Stewardship Directorú 41 120 183 8.3% 400 247 199 400 224 183 0.0% 7.1% 8.3% - 91 15.4% 400 - 400 164 0.0% 9.1% 120 400 400 0.0% 0.0% 400 145 400 266 204 0.0% 5.9% 7.7% 74 68 16.7% 199 204 7.7% 400 40 173 173 199 199 400 224 224 224 261 224 0.0% 7.1% 7.1% 7.1% 6.3% 7.1% 30 223 204 224 7.7% 7.1% 2012 UC Davis Census Who’s Who Appendix B (continued) COMPANY NAME TeleNav Inc. Tesla Motors Inc. Tessera Technologies Inc. Koh, Soo Boon Director Director Fore, Henrietta Holsman Finney, Elisha W. Oulman, Roxanne Caldwell, Nanci E. Director Director Executive Director Director SVP, CFO, Varian Medical Systems Inc. Vice President of Finance, Interim CFO Director Roizen, J. Heidi Brunelle, Anna Janow, Merit E. Eastham, Karin Director Executive Director Director Director Vice President, CFO Professor, Columbia University Director Kjellson, Nina Stack, Risa Koplin, Lynne Director Director Executive Director Director President Alexander, Marilyn A. Director Director Scott, Carol A. Director Director Abrams, Robin A. Brennan, Anne K. Director Executive Director SVP, CFO Kennard, Lydia H. Director Director Bostrom, Susan L. Finney, Elisha W. Director Executive Former EVP and Chief Marketing Officer, Cisco Systems, Inc. Corporate SVP, Finance, CFO Tetra Tech Inc. Theravance Inc. Thoratec Corp TIBCO Software Inc. TiVo Inc. Trimble Navigation Ltd Trius Therapeutics Inc. True Religion Apparel Inc. TTM Technologies Inc. Tutor Perini Corp Ultratech Inc. United Online Inc. POSITION CURRENT TITLE Universal Electronics Inc. Unwired Planet Inc. URS Corp ValueClick Inc. Varian Medical Systems Inc. VCA Antech Inc. Verifone Systems Inc. ViaSat Inc. Vical Inc. Visa Inc. Broadfoot, Jill M. Cranston, Mary B. Executive Director SVP, CFO, Secretary Director Johnson, Suzanne Nora Minehan, Cathy E. Director Director Director Director James, Renee J. Smith, S. Dawn Director Executive Director SVP, General Counsel, Chief Compliance Officer, Secretary Vivus Inc. VMware Inc. Volcano Corp Volterra Semiconductor Corp 2011 COMPANY RANK 2012 COMPANY RANK % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES 158 400 400 164 400 400 9.1% 0.0% 0.0% 400 247 400 224 0.0% 7.1% 158 68 16.7% 60 164 9.1% 60 68 16.7% 199 224 7.1% - 38 21.4% 158 400 223 400 173 164 400 261 400 183 9.1% 0.0% 6.3% 0.0% 8.3% 400 400 0.0% - 68 16.7% 132 400 224 400 7.1% 0.0% 104 112 14.3% 400 400 400 400 0.0% 0.0% 400 132 400 141 0.0% 12.5% 44 45 20.0% 158 400 0.0% 104 91 15.4% 400 400 400 400 0.0% 0.0% Arnold, Susan E. Estrin, Judith L. Director Director Director Director Walt Disney Co. Lozano, Monica C. Sandberg, Sheryl Parker, M. Jayne Director Director Executive Director Director EVP, Chief Human Resources Officer 19 5 33.3% WD-40 Co. Websense Inc. Lang, Linda A. Director Chairman, CEOú 199 400 204 400 7.7% 0.0% Chao, Elaine L. Engel, Susan E. Milligan, Cynthia H. Director Director Director Former U.S. Secretary of Labor Directorú Directorú Runstad, Judith M. Swenson, Susan G. Director Director Directorú Former President, CEO, Sage Software - North America 19 9 31.6% Tolstedt, Carrie L. Executive Sr. EVP - Community Banking - 400 0.0% Rambo, Barbara L. Richter, Alice M. Shi, Christiana Allen, Etta MacMillan, Catherine Cope Director Director Director Director Director Director Director Director President, CEO, Allen Heating and Sheet Metal Director - 16 27.3% Finger, Jennifer J. Cote, Kathleen A. McGalla, Susan P. Executive Director Director SVP, Treasurer Director CEO Bailiss-Sustarsic, Harriet Hughes, Sharon McGalla, Susan P. Alber, Laura J. Bravo, Rose Marie Casati, Mary Ann Twohill, Lorraine Executive Executive Executive Director Director Director Director EVP, Chief Merchandise Officer - Wet Seal Division President, Chief Merchandise Officer CEO President, CEO Director Director Director Alber, Laura J. McCollam, Sharon L. Stangl, Sandra N. Vanderslice, Elizabeth W. Executive Executive Executive Director President and CEO Former EVP, COO, CFO President - Pottery Barn Brand Director James, Susan M. George, Jean M. Tatsutani, Kristine N. Rhoads, Ann D. Director Director Executive Executive Director Director Chief Technology Officer, VP EVP, CFO Robinson, Cynthia Y. Executive Chief Development Officer Wells Fargo & Co. Wesco Aircraft Holdings Inc. West Marine Inc. Westamerica Bancorporation Western Digital Corp Wet Seal Inc. Williams-Sonoma Inc. Xilinx Inc. Yahoo! Inc. Zeltiq Aesthetics Inc. Zogenix Inc. Zynga Inc. 2012 UC Davis Census 42 40 38 21.4% 223 266 5.9% 2 5 33.3% 9 1 46.7% 223 16 224 250 7.1% 6.7% - 59 18.2% - 91 15.4% - 400 0.0% Appendix C: California’s 400 Largest Public Companies Ranked by Location Bay Area Companies Alameda County RANK COMPANY NAME 21 30 30 45 45 45 55 59 65 68 68 68 91 91 91 91 156 183 204 204 261 400 400 400 400 400 400 400 400 Peet's Coffee & Tea Inc. Safeway Inc. Simpson Manufacturing Co. Inc. Amyris Inc. Dynavax Technologies Corp Oplink Communications Inc. Clorox Co. Zeltiq Aesthetics Inc. Lam Research Corp Callidus Software Inc. Polycom Inc. Thoratec Corp Anthera Pharmaceuticals Inc. Cooper Companies Inc. Ross Stores Inc. Solta Medical Inc. Procera Networks Inc. Impax Laboratories Inc. BioTime Inc. Silicon Graphics International Corp SYNNEX Corp ABAXIS Inc. Astex Pharmaceuticals Inc. Exar Corp FormFactor Inc. LeapFrog Enterprises Inc. McGrath RentCorp Pandora Media Inc. Volterra Semiconductor Corp MARKET CAPITALIZATION ($B) INDUSTRY Consumer Goods Consumer Goods Energy, Materials & Industrials Energy, Materials & Industrials Pharmaceuticals Technology Hardware Consumer Goods Health Care Semiconductors Technology Software Technology Hardware Health Care Pharmaceuticals Health Care Consumer Goods Health Care Technology Hardware Pharmaceuticals Pharmaceuticals Technology Hardware Technology Hardware Health Care Pharmaceuticals Semiconductors Semiconductors Consumer Goods Energy, Materials & Industrials Consumer Goods Semiconductors 0.82 6.24 1.62 0.53 0.51 0.37 8.84 0.39 5.47 0.21 2.87 1.96 0.25 3.32 11.53 0.19 0.23 1.34 0.28 0.53 1.06 0.63 0.18 0.38 0.25 0.37 0.71 2.16 0.64 Contra Costa County RANK COMPANY NAME 21 141 164 204 400 Bio-Rad Laboratories Inc. Chevron Corp Central Garden & Pet Co. Sangamo BioSciences Inc. American Reprographics Co. MARKET CAPITALIZATION ($B) INDUSTRY Pharmaceuticals Energy, Materials & Industrials Consumer Goods Pharmaceuticals Energy, Materials & Industrials 2.70 210.80 0.36 0.15 0.21 Marin County RANK COMPANY NAME 38 38 112 164 224 Redwood Trust Inc. Westamerica Bancorporation Autodesk Inc. Raptor Pharmaceutical Corp Biomarin Pharmaceutical Inc. MARKET CAPITALIZATION ($B) INDUSTRY Financial Services Financial Services Technology Software Pharmaceuticals Pharmaceuticals 0.80 1.24 8.13 0.17 3.95 43 % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 25.0% 23.1% 23.1% 20.0% 20.0% 20.0% 18.8% 18.2% 17.6% 16.7% 16.7% 16.7% 15.4% 15.4% 15.4% 15.4% 10.0% 8.3% 7.7% 7.7% 6.3% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Emeryville Pleasanton Pleasanton Emeryville Berkeley Fremont Oakland Pleasanton Fremont Pleasanton Pleasanton Pleasanton Hayward Pleasanton Pleasanton Hayward Fremont Hayward Alameda Fremont Fremont Union City Dublin Fremont Livermore Emeryville Livermore Oakland Fremont % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 25.0% 12.5% 9.1% 7.7% 0.0% Hercules San Ramon Walnut Creek Richmond Walnut Creek % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 21.4% 21.4% 14.3% 9.1% 7.1% Mill Valley San Rafael San Rafael Novato Novato 2012 UC Davis Census L ocat ion Appendix C (continued) Bay Area Companies continued San Francisco County RANK COMPANY NAME 1 5 9 12 18 45 45 45 45 59 112 112 131 152 183 183 224 250 400 400 400 400 400 400 400 Williams-Sonoma Inc. Advent Software Inc. Wells Fargo & Co. McKesson Corp BRE Properties Inc. Gap Inc. KKR Financial Holdings LLC Medivation Inc. Visa Inc. Digital Realty Trust Inc. CAI International Inc. Nektar Therapeutics Schwab Corp ProLogis Inc. Glu Mobile Inc. PG&E Corp URS Corp salesforce.com inc. Dolby Laboratories Inc. JMP Group Inc. OpenTable Inc. Riverbed Technology Inc. RPX Corp ServiceSource International Inc. Zynga Inc. INDUSTRY MARKET CAPITALIZATION ($B) Consumer Goods Technology Software Financial Services Health Care Financial Services Consumer Goods Financial Services Pharmaceuticals Technology Software Financial Services Energy, Materials & Industrials Pharmaceuticals Financial Services Financial Services Technology Software Utilities & Telecommunications Energy, Materials & Industrials Technology Software Technology Hardware Financial Services Technology Software Technology Hardware Energy, Materials & Industrials Technology Software Technology Software 3.60 1.24 145.04 20.63 3.81 9.21 1.56 1.65 58.85 7.07 0.30 0.64 14.31 13.11 0.20 16.99 2.69 16.01 3.00 0.16 0.89 3.70 0.62 1.14 6.79 San Mateo County RANK COMPANY NAME 2 21 38 55 65 65 68 68 91 91 91 91 91 112 131 164 164 183 183 183 183 204 224 224 224 250 400 400 400 400 400 400 400 400 400 400 400 bebe stores inc. QuinStreet Inc. Genomic Health Inc. Franklin Resources Inc. Gilead Sciences Inc. Oracle Corp Keynote Systems Inc. Unwired Planet Inc. DepoMed Inc. Imperva Inc. NetSuite Inc. ONYX Pharmaceuticals Inc. Pacific Biosciences of California Inc. Geron Corp Exelixis Inc. Natus Medical Inc. Robert Half International Inc. Corcept Therapeutics Inc. Exponent Inc. Shutterfly Inc. Solazyme Inc. Core Mark Holding Co. Inc. Epocrates Inc. InterMune Inc. Theravance Inc. Electronic Arts Inc. Actuate Corp ASA Gold and Precious Metals Ltd Codexis Inc. Electronics for Imaging Inc. Equinix Inc. Fluidigm Corp Informatica Corp Maxygen Inc. Responsys Inc. Rigel Pharmaceuticals Inc. SciClone Pharmaceuticals Inc. 2012 UC Davis Census INDUSTRY MARKET CAPITALIZATION ($B) Consumer Goods Technology Software Pharmaceuticals Financial Services Pharmaceuticals Technology Software Technology Software Technology Software Pharmaceuticals Technology Software Technology Software Pharmaceuticals Pharmaceuticals Pharmaceuticals Pharmaceuticals Health Care Energy, Materials & Industrials Pharmaceuticals Energy, Materials & Industrials Consumer Goods Energy, Materials & Industrials Consumer Goods Health Care Pharmaceuticals Pharmaceuticals Technology Software Technology Software Financial Services Pharmaceuticals Technology Hardware Technology Software Pharmaceuticals Technology Software Pharmaceuticals Technology Software Pharmaceuticals Pharmaceuticals 0.51 0.62 0.76 20.82 30.82 129.84 0.37 0.20 0.29 0.80 2.79 2.81 0.15 0.19 0.64 0.28 4.04 0.29 0.61 0.79 0.71 0.45 0.19 0.82 1.89 5.28 0.28 0.56 0.19 0.65 4.73 0.27 3.95 0.15 0.42 0.56 0.25 44 % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 46.7% 33.3% 31.6% 28.6% 26.7% 20.0% 20.0% 20.0% 20.0% 18.2% 14.3% 14.3% 13.3% 11.1% 8.3% 8.3% 7.1% 6.7% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 40.0% 25.0% 23.1% 18.8% 17.6% 17.6% 16.7% 16.7% 15.4% 15.4% 15.4% 15.4% 15.4% 14.3% 13.3% 9.1% 9.1% 8.3% 8.3% 8.3% 8.3% 7.7% 7.1% 7.1% 7.1% 6.7% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Brisbane Foster City Redwood City San Mateo Foster City Redwood City San Mateo Redwood City Menlo Park Redwood Shores San Mateo South San Francisco Menlo Park Menlo Park South San Francisco San Carlos Menlo Park Menlo Park Menlo Park Redwood City South San Francisco South San Francisco San Mateo Brisbane South San Francisco Redwood City San Mateo San Mateo Redwood City Foster City Redwood City South San Francisco Redwood City San Mateo San Bruno South San Francisco Foster City Lo cation Appendix C (continued) Bay Area Companies continued Santa Clara County RANK COMPANY NAME 10 12 18 21 30 30 30 45 55 68 68 68 68 68 68 91 91 91 91 91 91 91 112 112 112 112 131 131 131 131 131 148 156 156 156 156 164 164 164 164 164 164 164 183 183 183 183 183 204 204 224 224 224 224 224 224 224 224 224 224 224 224 224 224 250 250 250 250 261 261 266 271 Hewlett-Packard Co. NETGEAR Inc. Juniper Networks Inc. Netflix Inc. Affymax Inc. Intuit Inc. Quantum Corp Rambus Inc. Google Inc. Cisco Systems Inc. Coherent Inc. Harmonic Inc. Monolithic Power Systems Inc. Super Micro Computer Inc. TiVo Inc. Altera Corp California Water Service Group Echelon Corp MAP Pharmaceuticals Inc. Omnicell Inc. SanDisk Corp VMware Inc. Accuray Inc. Financial Engines Inc. Intersil Corp Varian Medical Systems Inc. Conceptus Inc. Intel Corp LSI Corp Move Inc. NVIDIA Corp eBay Inc. 8x8 Inc. Brocade Communications Systems Inc. Cadence Design Systems Inc. OmniVision Technologies Inc. Anacor Pharmaceuticals Inc. Hercules Technology Growth Capital Inc. Infinera Corp Pericom Semiconductor Corp Rovi Corp TeleNav Inc. TIBCO Software Inc. Ariba Inc. Intermolecular Inc. JDS Uniphase Corp LinkedIn Corp SJW Corp Citrix Systems Inc. Nanometrics Inc. Affymetrix Inc. Agilent Technologies Inc. Apple Inc. Essex Property Trust Inc. Extreme Networks Inc. Intuitive Surgical Inc. MIPS Technologies Inc. ShoreTel Inc. Symantec Corp Symmetricom Inc. Synaptics Inc. Synopsys Inc. Trimble Navigation Ltd Xilinx Inc. Applied Materials Inc. Fairchild Semiconductor International Inc. Sanmina-SCI Corp Yahoo! Inc. Advanced Micro Devices Inc. KLA-Tencor Corp SunPower Corp Cepheid Inc. INDUSTRY MARKET CAPITALIZATION ($B) Technology Hardware Technology Hardware Technology Hardware Consumer Goods Pharmaceuticals Technology Software Technology Hardware Semiconductors Technology Software Technology Hardware Technology Hardware Technology Hardware Semiconductors Technology Hardware Technology Software Semiconductors Utilities & Telecommunications Technology Hardware Pharmaceuticals Health Care Technology Hardware Technology Software Health Care Financial Services Semiconductors Health Care Health Care Semiconductors Semiconductors Technology Software Semiconductors Technology Software Utilities & Telecommunications Technology Hardware Technology Software Semiconductors Pharmaceuticals Financial Services Technology Hardware Semiconductors Technology Software Technology Software Technology Software Technology Software Semiconductors Technology Hardware Technology Software Utilities & Telecommunications Technology Software Semiconductors Pharmaceuticals Pharmaceuticals Technology Hardware Financial Services Technology Hardware Health Care Semiconductors Technology Hardware Technology Software Technology Hardware Technology Hardware Technology Software Technology Hardware Semiconductors Semiconductors Semiconductors Technology Hardware Technology Software Semiconductors Semiconductors Semiconductors Pharmaceuticals 52.97 1.26 10.74 3.84 0.24 14.04 0.62 0.83 209.85 86.80 1.02 0.59 0.51 0.65 1.26 11.95 0.76 0.21 0.40 0.55 11.94 35.24 0.56 1.02 1.32 5.86 0.40 121.25 3.34 0.24 9.04 39.02 0.30 1.96 2.84 0.96 0.17 0.41 0.67 0.22 2.69 0.74 4.56 2.76 0.36 3.79 6.39 0.44 11.28 0.43 0.29 12.84 354.35 4.76 0.30 18.20 0.36 0.48 13.54 0.25 0.86 3.84 5.37 9.62 16.09 1.51 0.54 19.19 3.77 6.76 0.62 2.21 45 % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES 31.3% 28.6% 26.7% 25.0% 23.1% 23.1% 23.1% 20.0% 18.8% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 15.4% 14.3% 14.3% 14.3% 14.3% 13.3% 13.3% 13.3% 13.3% 13.3% 11.8% 10.0% 10.0% 10.0% 10.0% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 8.3% 8.3% 8.3% 8.3% 8.3% 7.7% 7.7% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 7.1% 6.7% 6.7% 6.7% 6.7% 6.3% 6.3% 5.9% 5.3% CITY Palo Alto San Jose Sunnyvale Los Gatos Palo Alto Mountain View San Jose Sunnyvale Mountain View San Jose Santa Clara San Jose San Jose San Jose Alviso San Jose San Jose San Jose Mountain View Mountain View Milpitas Palo Alto Sunnyvale Palo Alto Milpitas Palo Alto Mountain View Santa Clara Milpitas Campbell Santa Clara San Jose Sunnyvale San Jose San Jose Santa Clara Palo Alto Palo Alto Sunnyvale San Jose Santa Clara Sunnyvale Palo Alto Sunnyvale San Jose Milpitas Mountain View San Jose Santa Clara Milpitas Santa Clara Santa Clara Cupertino Palo Alto Santa Clara Sunnyvale Sunnyvale Sunnyvale Mountain View San Jose Santa Clara Mountain View Sunnyvale San Jose Santa Clara San Jose San Jose Sunnyvale Sunnyvale Milpitas San Jose Sunnyvale 2012 UC Davis Census L ocat ion Appendix C (continued) Bay Area Companies continued Santa Clara County continued RANK COMPANY NAME 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 Adobe Systems Inc. Align Technology Inc. Alpha and Omega Semiconductor Ltd Applied Micro Circuits Corp Aruba Networks Inc. Atmel Corp Aviat Networks Inc. Cavium Inc. Ceva Inc. Cypress Semiconductor Corp eHealth Inc. Finisar Corp Fortinet Inc. Hansen Medical Inc. Inphi Corp Integrated Device Technology Inc. Integrated Silicon Solution Inc. Intevac Inc. InvenSense Inc. IXYS Corp Jive Software Inc. Linear Technology Corp Maxim Integrated Products Inc. Micrel Inc. MoSys Inc. NetApp Inc. Ocz Technology Group Inc. PDF Solutions Inc. Pharmacyclics Inc. PMC-Sierra Inc. Power Integrations Inc. Sigma Designs Inc. Silicon Image Inc. Spansion Inc. Supertex Inc. Tesla Motors Inc. Tessera Technologies Inc. Ultratech Inc. Verifone Systems Inc. Vivus Inc. INDUSTRY MARKET CAPITALIZATION ($B) Technology Software Health Care Semiconductors Semiconductors Technology Hardware Semiconductors Technology Hardware Semiconductors Semiconductors Semiconductors Financial Services Technology Hardware Technology Software Health Care Semiconductors Semiconductors Semiconductors Technology Hardware Technology Hardware Semiconductors Technology Software Semiconductors Semiconductors Semiconductors Semiconductors Technology Hardware Technology Hardware Semiconductors Pharmaceuticals Semiconductors Semiconductors Semiconductors Semiconductors Semiconductors Semiconductors Consumer Goods Semiconductors Semiconductors Technology Software Pharmaceuticals 13.48 1.87 0.33 0.43 2.41 3.58 0.24 1.40 0.71 2.60 0.29 1.51 3.38 0.15 0.33 1.02 0.21 0.17 1.46 0.41 0.98 7.52 7.56 0.62 0.16 14.16 0.57 0.20 0.71 1.27 0.93 0.20 0.39 0.49 0.22 2.99 0.86 0.63 4.46 0.87 Solano County RANK COMPANY NAME 400 Copart Inc. INDUSTRY MARKET CAPITALIZATION ($B) Energy, Materials & Industrials 2.87 Sonoma County RANK COMPANY NAME 400 Calix Inc. 2012 UC Davis Census INDUSTRY MARKET CAPITALIZATION ($B) Technology Hardware 0.31 46 % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% San Jose San Jose Sunnyvale Sunnyvale Sunnyvale San Jose Santa Clara San Jose San Jose San Jose Mountain View Sunnyvale Sunnyvale Mountain View Santa Clara San Jose San Jose Santa Clara Sunnyvale Milpitas Palo Alto Milpitas Sunnyvale San Jose Santa Clara Sunnyvale San Jose San Jose Sunnyvale Sunnyvale San Jose Milpitas Sunnyvale Sunnyvale Sunnyvale Palo Alto San Jose San Jose San Jose Mountain View % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 0.0% Fairfield % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 0.0% Petaluma Lo cation Appendix C (continued) Central Coast Companies Monterey County RANK COMPANY NAME 183 Century Aluminum Co. INDUSTRY Energy, Materials & Industrials MARKET CAPITALIZATION ($B) % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 0.76 8.3% Monterey MARKET CAPITALIZATION ($B) % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY Santa Barbara County RANK COMPANY NAME 12 16 Deckers Outdoor Corp QAD Inc. INDUSTRY Consumer Goods Technology Software 2.92 0.21 28.6% 27.3% Goleta Santa Barbara % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY Santa Cruz County RANK COMPANY NAME 16 68 91 West Marine Inc. Plantronics Inc. Granite Construction Inc. MARKET CAPITALIZATION ($B) INDUSTRY Consumer Goods Technology Hardware Energy, Materials & Industrials 0.27 1.71 0.92 27.3% 16.7% 15.4% Watsonville Santa Cruz Watsonville % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY Ventura County RANK COMPANY NAME 112 154 224 268 400 400 400 PennyMac Mortgage Investment Trust Amgen Inc. Teledyne Technologies Inc. Calavo Growers Inc. Limoneira Co. Power-One Inc. Semtech Corp MARKET CAPITALIZATION ($B) INDUSTRY Financial Services Pharmaceuticals Energy, Materials & Industrials Consumer Goods Consumer Goods Technology Hardware Semiconductors 0.47 51.09 2.00 0.33 0.19 0.48 1.85 14.3% 10.5% 7.1% 5.6% 0.0% 0.0% 0.0% Moorpark Thousand Oaks Thousand Oaks Santa Paula Santa Paula Camarillo Camarillo % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 7.7% Lebec % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY Central Valley Companies Kern County RANK COMPANY NAME 204 Tejon Ranch Co. MARKET CAPITALIZATION ($B) INDUSTRY Financial Services 0.49 Sacramento County RANK COMPANY NAME 29 204 McClatchy Co. GenCorp Inc. MARKET CAPITALIZATION ($B) INDUSTRY Consumer Goods Energy, Materials & Industrials 0.20 0.32 23.5% 7.7% Sacramento Rancho Cordova % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY San Joaquin County RANK COMPANY NAME 173 253 Farmers & Merchants Bancorp Diamond Foods, Inc. MARKET CAPITALIZATION ($B) INDUSTRY Financial Services Retail & Wholesale 0.32 1.59 47 8.3% 6.3% Lodi Stockton 2012 UC Davis Census L ocat ion Appendix C (continued) Southern California Companies Los Angeles County RANK COMPANY NAME 3 4 5 12 21 21 37 38 38 45 55 59 59 68 68 68 68 68 68 112 112 112 112 131 131 141 141 148 148 154 156 156 164 164 164 164 164 164 183 183 183 183 183 183 204 204 204 224 224 224 224 250 250 250 261 268 268 400 400 400 400 400 400 400 400 400 400 American States Water Co. LTC Properties Inc. Walt Disney Co. Hot Topic Inc. DineEquity Inc. PS Business Parks Inc. Farmer Brothers Company DreamWorks Animation Inc. Health Net Inc. Molina Healthcare Inc. HCP Inc. Dole Food Co. Inc. Guess? Inc. Anworth Mortgage Asset Corp Big 5 Sporting Goods Corp DIRECTV Kennedy-Wilson Holdings Inc. Korn/Ferry International Mattel Inc. Arden Group Inc. Capstone Turbine Corp KB Home Public Storage CBRE Group Inc. International Rectifier Corp AECOM Technology Corp IPC The Hospitalist Co. Inc. Edison International Occidental Petroleum Corp Crown Media Holdings Inc. j2 Global Inc. Obagi Medical Products Inc. Alexandria Real Estate Equities Inc. DTS Inc. Guidance Software Inc. Ixia STAAR Surgical Company True Religion Apparel Inc. AeroVironment Inc. Cheesecake Factory Inc. Green Dot Corp IRIS International Inc. Ryland Group Inc. United Online Inc. CapitalSource Inc. RealD Inc. Superior Industries International Inc. Demand Media Inc. Jacobs Engineering Group Inc. Macerich Co. Mercury General Corp Avery Dennison Corp Douglas Emmett Inc. Reliance Steel & Aluminum Co. Tutor Perini Corp Lions Gate Entertainment Corp Live Nation Entertainment Inc. Activision Blizzard Inc. Air Lease Corp Boingo Wireless Inc. BreitBurn Energy Partners LP Cadiz Inc. City National Corp Colony Financial Inc. Cornerstone OnDemand Inc. Hudson Pacific Properties Inc. JAKKS Pacific Inc. 2012 UC Davis Census INDUSTRY MARKET CAPITALIZATION ($B) Utilities & Telecommunications Financial Services Consumer Goods Consumer Goods Consumer Goods Financial Services Consumer Goods Consumer Goods Health Care Health Care Financial Services Consumer Goods Consumer Goods Financial Services Consumer Goods Consumer Goods Financial Services Energy, Materials & Industrials Consumer Goods Consumer Goods Energy, Materials & Industrials Consumer Goods Financial Services Financial Services Semiconductors Energy, Materials & Industrials Health Care Utilities & Telecommunications Energy, Materials & Industrials Consumer Goods Technology Software Pharmaceuticals Financial Services Technology Hardware Technology Software Technology Hardware Health Care Consumer Goods Energy, Materials & Industrials Consumer Goods Financial Services Health Care Consumer Goods Technology Software Financial Services Technology Hardware Consumer Goods Technology Software Energy, Materials & Industrials Financial Services Financial Services Energy, Materials & Industrials Financial Services Energy, Materials & Industrials Energy, Materials & Industrials Consumer Goods Consumer Goods Technology Software Energy, Materials & Industrials Utilities & Telecommunications Energy, Materials & Industrials Utilities & Telecommunications Financial Services Financial Services Technology Software Financial Services Consumer Goods 0.66 0.94 53.15 0.31 0.76 1.34 0.16 1.39 2.49 1.02 16.93 0.77 2.69 0.84 0.23 29.56 0.55 0.77 9.36 0.28 0.31 0.57 22.89 4.99 1.96 2.00 0.75 13.49 75.99 0.44 1.31 0.19 4.25 0.45 0.15 0.74 0.38 0.88 0.54 1.60 1.11 0.17 0.70 0.49 1.72 0.74 0.45 0.56 4.13 6.69 2.50 3.05 2.39 3.65 0.58 1.85 1.57 13.96 2.34 0.29 1.14 0.15 2.32 0.51 0.90 0.48 0.37 48 % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES 37.5% 36.4% 33.3% 28.6% 25.0% 25.0% 22.2% 21.4% 21.4% 20.0% 18.8% 18.2% 18.2% 16.7% 16.7% 16.7% 16.7% 16.7% 16.7% 14.3% 14.3% 14.3% 14.3% 13.3% 13.3% 12.5% 12.5% 11.8% 11.8% 10.5% 10.0% 10.0% 9.1% 9.1% 9.1% 9.1% 9.1% 9.1% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 7.7% 7.7% 7.7% 7.1% 7.1% 7.1% 7.1% 6.7% 6.7% 6.7% 6.3% 5.6% 5.6% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% CITY San Dimas Westlake Village Burbank City Of Industry Glendale Glendale Torrance Glendale Woodland Hills Long Beach Long Beach Westlake Village Los Angeles Santa Monica El Segundo El Segundo Beverly Hills Los Angeles El Segundo Compton Chatsworth Los Angeles Glendale Los Angeles El Segundo Los Angeles North Hollywood Rosemead Los Angeles Studio City Los Angeles Long Beach Pasadena Agoura Hills Pasadena Calabasas Monrovia Vernon Monrovia Calabasas Hills Monrovia Chatsworth Westlake Village Woodland Hills Los Angeles Beverly Hills Van Nuys Santa Monica Pasadena Santa Monica Los Angeles Pasadena Santa Monica Los Angeles Sylmar Santa Monica Beverly Hills Santa Monica Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Santa Monica Santa Monica Los Angeles Malibu Lo cation Appendix C (continued) Southern California Companies continued Los Angeles County continued RANK COMPANY NAME 400 400 400 400 400 400 400 400 400 400 400 Kilroy Realty Corp MannKind Corp OSI Systems Inc. ReachLocal Inc. Rentech Inc. Skechers U.S.A. Inc. Stamps.com Inc. Tetra Tech Inc. ValueClick Inc. VCA Antech Inc. Wesco Aircraft Holdings Inc. MARKET CAPITALIZATION ($B) INDUSTRY Financial Services Pharmaceuticals Technology Hardware Consumer Goods Energy, Materials & Industrials Consumer Goods Technology Software Energy, Materials & Industrials Technology Software Health Care Energy, Materials & Industrials 2.24 0.33 0.84 0.18 0.17 0.60 0.42 1.17 1.31 1.71 0.94 % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Los Angeles Valencia Hawthorne Woodland Hills Los Angeles Manhattan Beach Los Angeles Pasadena Westlake Village Los Angeles Valencia % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY Orange County RANK COMPANY NAME 5 18 21 45 59 91 91 112 112 112 131 141 152 164 164 183 204 204 204 204 224 266 272 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 Wet Seal Inc. Corinthian Colleges Inc. Ensign Group Inc. Kaiser Aluminum Corp CorVel Corp Multi-Fineline Electronix Inc. QLogic Corp BJ's Restaurants Inc. Broadcom Corp Ingram Micro Inc. Allergan Inc. Sabra Health Care REIT Inc. CoreLogic Inc. AVANIR Pharmaceuticals Inc. ICU Medical Inc. ISTA Pharmaceuticals Inc. American Vanguard Corp Edwards Lifesciences Corp Questcor Pharmaceuticals Inc. Sunstone Hotel Investors Inc. Skilled Healthcare Group Inc. Western Digital Corp Quality Systems Inc. Acacia Research Corp California First National Bancorp Ceradyne Inc. Clean Energy Fuels Corp Emulex Corp Endologix Inc. Masimo Corp Microsemi Corp Mindspeed Technologies Inc. Newport Corp Quiksilver Inc. Standard Pacific Corp STEC Inc. TTM Technologies Inc. Universal Electronics Inc. MARKET CAPITALIZATION ($B) INDUSTRY Consumer Goods Consumer Goods Health Care Energy, Materials & Industrials Health Care Technology Hardware Technology Hardware Consumer Goods Semiconductors Technology Hardware Pharmaceuticals Financial Services Technology Software Pharmaceuticals Health Care Pharmaceuticals Energy, Materials & Industrials Health Care Pharmaceuticals Financial Services Health Care Technology Hardware Health Care Energy, Materials & Industrials Financial Services Energy, Materials & Industrials Energy, Materials & Industrials Technology Hardware Health Care Health Care Semiconductors Semiconductors Technology Hardware Consumer Goods Consumer Goods Technology Hardware Technology Hardware Consumer Goods 49 0.32 0.36 0.52 0.88 0.45 0.48 1.75 1.26 16.00 2.72 26.78 0.45 1.38 0.36 0.62 0.29 0.37 8.07 2.65 0.96 0.21 8.48 2.59 1.57 0.16 0.65 1.06 0.76 0.67 1.09 1.39 0.18 0.51 0.55 0.63 0.40 0.89 0.25 33.3% 26.7% 25.0% 20.0% 18.2% 15.4% 15.4% 14.3% 14.3% 14.3% 13.3% 12.5% 11.1% 9.1% 9.1% 8.3% 7.7% 7.7% 7.7% 7.7% 7.1% 5.9% 5.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Foothill Ranch Santa Ana Mission Viejo Foothill Ranch Irvine Anaheim Aliso Viejo Huntington Beach Irvine Santa Ana Irvine Irvine Santa Ana Aliso Viejo San Clemente Irvine Newport Beach Irvine Anaheim Aliso Viejo Foothill Ranch Irvine Irvine Newport Beach Irvine Costa Mesa Seal Beach Costa Mesa Irvine Irvine Aliso Viejo Newport Beach Irvine Huntington Beach Irvine Santa Ana Santa Ana Cypress 2012 UC Davis Census L ocat ion Appendix C (continued) Southern California Companies continued Riverside County RANK COMPANY NAME 400 400 Monster Beverage Corp Outdoor Channel Holdings Inc. INDUSTRY MARKET CAPITALIZATION ($B) % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 8.03 0.19 0.0% 0.0% Corona Temecula MARKET CAPITALIZATION ($B) % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 1.05 0.0% Ontario MARKET CAPITALIZATION ($B) % WOMEN DIRECTORS & HIGHEST-PAID EXECUTIVES CITY 0.18 0.88 1.66 1.19 0.99 0.20 33.3% 30.8% 25.0% 23.1% 23.1% 21.4% San San San San San San San Diego Consumer Goods Consumer Goods San Bernardino County RANK COMPANY NAME 400 CVB Financial Corp INDUSTRY Financial Services San Diego County RANK COMPANY NAME 5 11 21 30 30 38 AMN Healthcare Services Inc. Jack in the Box Inc. Amylin Pharmaceuticals Inc. Bridgepoint Education Inc. Halozyme Therapeutics Inc. Trius Therapeutics Inc. INDUSTRY Health Care Consumer Goods Pharmaceuticals Consumer Goods Pharmaceuticals Pharmaceuticals Diego Diego Diego Diego Diego Diego 44 Sempra Energy Utilities & Telecommunications 13.20 21.1% 59 Isis Pharmaceuticals Inc. Pharmaceuticals 0.72 18.2% Carlsbad 68 Ardea Biosciences Inc. Pharmaceuticals 0.45 16.7% San Diego 68 BioMed Realty Trust Inc. Financial Services 2.79 16.7% San Diego 68 Gen-Probe Inc. Health Care 2.66 16.7% San Diego 68 Kratos Defense & Security Solutions Inc. Energy, Materials & Industrials 0.19 16.7% San Diego 68 Realty Income Corp Financial Services 4.66 16.7% Escondido 91 PICO Holdings Inc. Financial Services 0.47 15.4% La Jolla 91 Zogenix Inc. Pharmaceuticals 0.15 15.4% San Diego 112 Arena Pharmaceuticals Inc. Pharmaceuticals 0.27 14.3% San Diego 112 PriceSmart Inc. Consumer Goods 1.96 14.3% San Diego 112 Santarus Inc. Pharmaceuticals 0.20 14.3% San Diego 141 CareFusion Corp Health Care 6.07 12.5% San Diego 141 Mitek Systems Inc. Technology Software 0.22 12.5% San Diego 141 Vical Inc. Pharmaceuticals San Diego 148 QUALCOMM Inc. Technology Hardware 156 NuVasive Inc. Health Care 0.32 12.5% 81.75 11.8% San Diego 0.53 10.0% San Diego 183 Maxwell Technologies Inc. Technology Hardware 0.46 8.3% San Diego 204 Active Network Inc. Technology Software 0.77 7.7% San Diego 204 DexCom Inc. Health Care 0.63 7.7% San Diego 204 Neurocrine Biosciences Inc. Pharmaceuticals 0.47 7.7% San Diego 204 Quidel Corp Health Care 0.50 7.7% San Diego 204 WD-40 Co. Consumer Goods 0.67 7.7% San Diego 224 Cymer Inc. Semiconductors 1.52 7.1% San Diego 250 Alphatec Holdings Inc. Health Care 0.15 6.7% Carlsbad 250 Cadence Pharmaceuticals Inc. Pharmaceuticals 0.34 6.7% San Diego 261 Life Technologies Corp Pharmaceuticals 6.95 6.3% Carlsbad 400 Accelrys Inc. Technology Software 0.37 0.0% San Diego 400 American Assets Trust Inc. Financial Services 0.81 0.0% San Diego 400 Callaway Golf Co. Consumer Goods 0.36 0.0% Carlsbad 400 Cohu Inc. Semiconductors 0.28 0.0% Poway 400 Cubic Corp Energy, Materials & Industrials 1.04 0.0% San Diego 400 Encore Capital Group Inc. Energy, Materials & Industrials 0.52 0.0% San Diego 400 Entropic Communications Inc. Semiconductors 0.45 0.0% San Diego 400 Excel Trust Inc. Financial Services 0.36 0.0% San Diego 400 Leap Wireless International Inc. Utilities & Telecommunications 0.73 0.0% San Diego 400 Ligand Pharmaceuticals Inc. Pharmaceuticals 0.23 0.0% La Jolla 400 MaxLinear Inc. Semiconductors 0.16 0.0% Carlsbad 400 Optimer Pharmaceuticals Inc. Pharmaceuticals 0.57 0.0% San Diego 400 Resmed Inc. Health Care 4.69 0.0% San Diego 400 Sequenom Inc. Pharmaceuticals $0.44 0.0% San Diego 400 ViaSat Inc. Technology Hardware $2.08 0.0% Carlsbad 400 Volcano Corp Health Care $1.25 0.0% San Diego 400 Websense Inc. Technology Software $0.71 0.0% San Diego 2012 UC Davis Census 50 THE UC DAVIS STUDY OF CALIFORNIA WOMEN BUSINESS LEADERS AUTHOR Amanda Kimball UC Davis Graduate School of Management (530) 752-7371 • alkimball@ucdavis.edu FACULTY CONSULTANT Paul Griffin, Professor of Management UC Davis Graduate School of Management RESEARCH ASSISTANT Jason Parsiani, MBA Candidate UC Davis Graduate School of Management ABOUT THE AUTHOR Amanda Kimball is a research specialist at the UC Davis Graduate School of Management. She authors the annual UC Davis Study of California Women Business Leaders and serves as a collaborator on other faculty research projects. Kimball is completing her Ph.D. in economics at UC Davis, where she earned her master’s degree in 2003, with concentrations in microeconomic theory and industrial organization. She has a background in business and economics, and has worked for Capital One, the Investment Company Institute and the Corporate Executive Board. >> www.gsm.ucdavis.edu/amanda-kimball ABOUT THE UC DAVIS GRADUATE SCHOOL OF MANAGEMENT Dedicated to preparing innovative leaders for global impact, the UC Davis Graduate School of Management is consistently ranked among the premier business schools in the United States and internationally. The School’s faculty members are globally renowned for their teaching excellence and trailblazing research in advancing management thinking. With prime locations in Northern California’s economic hubs, the School provides a bold, innovative approach to management education to about 100 full-time MBA students at the UC Davis campus, 425 part-time MBA students in Sacramento and the San Francisco Bay Area, and welcomed the charter class of Master of Professional Accountancy students in fall 2012. The School offers open enrollment and custom executive educations programs as well as many strategic opportunities for corporations, executives and entrepreneurs to connect, partner and develop talent. Centers of Excellence include the Center for Investor Welfare and Corporate Responsibility, the UC Davis Child Family Institute for Innovation and Entrepreneurship, and the Clean AgTech Innovation Center. w w w. gsm.ucdav is.edu © 2012 UC Regents