Google shareholder under fire for calling Ruth Porat a ‘lady CFO’

Ruth Porat Alphabets Lady CFO

An Alphabet shareholder has come under fire on Twitter after he called Alphabet CFO Ruth Porat a “lady CFO.”

A female shareholder wasn’t going to let that comment go unnoticed and soon called Porat the CFO and not the “lady CFO.”

Eric Schmidt, Alphabet’s CEO, also acknowledged the comment and wouldn’t let the shareholders comment slide when he answered a question and said “speaking as your male executive chairman.”

Porat was named as the CFO of Alphabet in May 2015. Before joining the company she was viewed as the one the best bankers in the world by a majority finance workers. She was the CFO at Morgan Stanley and one of the most powerful people on Wall Street.

Porat played a key role during the 2008 financial crisis and led Morgan Stanley’s tech banking franchise.

Porat also helped lead such popular IPOs as Amazon (AMZN), eBay (EBAY), Netscape and Priceline (PCLN). 

Porat graduated from Stanford University, has a master’s from the London School of Economics and an MBA from the Wharton School of the University of Pennsylvania.

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Here are just a few of the comments from Twitter users following the lady CFO comment.

Some users joked about how Ruth Porat should have responded.

The comment does underscore a major issue in American business where only 5% of S&P 500 CEOs are women.

In the top four leadership positions, excluding the role of CEO, only 16.5% of these executives are women.

Silicon Valley in specific has been attempting to place more women in leadership roles in recent years.

Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at