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PepsiCo CEO Indra Nooyi has a theory on why there aren’t more women CEOs

The #MeToo movement has put women in the spotlight, but it hasn’t pushed them into the C-suite.

PepsiCo PEP, +0.17% chief executive Indra Nooyi has a theory as to why this is. “We get a lot of women in at the entry-level positions. As you get to middle management, women rise to those positions, and then that’s the childbearing years,” she told the Freakonomics radio show. “And when they have children, it’s difficult to balance having children, your career, your marriage, and be a high potential out-performer who’s going to grow in the company.”

“So it starts to thin out as you move up,” she added.

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