Warren Buffett: Bet on women

Billionaire Warren Buffett is among 20 chief executives and chairmen of top U.S. companies who have come together to form a new group committed to improving the gender balance at all levels of U.S. corporations.

 

According to this article for BizWomen, the group -- called the 30% Club -- originated in Great Britain and has launched in the United States with 24 founding supporters andBloomberg LP Chairman Peter Grauer as founding U.S. chair.

 

The 30% Club said it will start by focusing on female representation in senior leadership. The U.K. club launched in 2010 with a goal of getting 30 percent female representation on boards by the end of 2015.

 

Despite efforts to boost women into greater leadership roles at American corporations, female representation on U.S. boards has remained at around 17 percent for over a decade, according to data from research group Catalyst.

 

Buffett, chairman and CEO of Berkshire Hathaway Inc., has long been a proponent for gender equality in the workplace.

In an exclusive essay in 2013, Buffett explained to CNN Money why women are key to America's prosperity. 

Here's an excerpt from the essay:

"So, my fellow males, what's in this for us? Why should we care whether the remaining barriers facing women are dismantled and the fun-house mirrors junked? Never mind that I believe the ethical case in itself is compelling. Let's look instead to your self-interest. ...

 

Fellow males, get on board. The closer that America comes to fully employing the talents of all its citizens, the greater its output of goods and services will be. We've seen what can be accomplished when we use 50 percent of our human capacity. If you visualize what 100 percent can do, you'll join me as an unbridled optimist about America's future."

 

Men, you don't have to be a billionaire or a CEO to make a difference in the workplace, though. Here are seven things men can do, according to Business Insider, to better "lean in" for their female colleagues at work.

 

Click here to watch a 16-minute video interview with Buffett for CNN Money, or click on the above image.