Data: Fortune, author's calculations; Chart: Andrew Witherspoon/Axios

Less than 3% of CEOs of the world's largest companies are women. That's according to Fortune, whose annual Fortune Global 500 list featured just 14 female CEOs last year.

Why it matters: Stagnant numbers of female CEOs don't mean that nothing is happening. Rather, they mean that boards continue to perpetuate their biased hiring practices.

By the numbers: The average tenure of a global CEO is now five years, which means that in a typical year about 100 of the CEO slots at Fortune Global 500 companies will be filled with someone new.

  • If 50 of those 100 slots went to women, you would expect the number of female CEOs to more than quadruple to 61 in 2020, and then to continue to rise to 201 in 2026 and 230 in 2030.

The big picture: Don't hold your breath. In order to get to parity, the first order of business is to fix "the leaky middle," says Jewelle Bickford, a partner at Evercore Wealth Management who's co-chair of Paradigm for Parity, an organization trying to close the corporate gender gap.

  • How it works: Experienced and talented women often drop out of the workforce in their 40s and 50s when they're burdened by both children and parents who need care and attention. Predictive analytics can identify individuals at risk of dropping out and significantly improve their retention rate.

Go deeper

Updated 49 mins ago - Science

California wine country wildfire prompts evacuations

The scene of the Glass Fire in St. Helena, in Napa County, California, on Sunday. Photo: Josh Edelson/AFP via Getty Images

Firefighters in the western U.S. were facing "critical fire weather conditions," as a rapidly spreading new wildfire in Northern California prompted fresh evacuations Sunday.

Why it matters: Wildfires have burned a record 3.6 million acres in California this year, killing 26 people and razing over 7,600 structures, per Cal Fire. Utility provider Pacific Gas & Electric cut power to 11,000 customers early Sunday and planned outages for 54,000 others later in the day because of fire risks.

Dan Primack, author of Pro Rata
1 hour ago - Politics & Policy

Judge temporarily blocks Trump's TikTok ban

Illustration: Sarah Grillo/Axios

A federal court judge on Sunday granted TikTok's request for a temporary restraining order against a ban by the Trump administration.

Why it matters: Americans will be able to continue downloading one of the country's most popular social media and entertainment apps — at least for now.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 32,949,407 — Total deaths: 995,658 — Total recoveries: 22,787,799Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 7,107,673 — Total deaths: 204,738 — Total recoveries: 2,750,459 — Total tests: 101,298,794Map.
  3. States: 3 states set single-day coronavirus case records last week — New York daily cases top 1,000 for first time since June.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

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