Good for business

“Shark” says the only profitable companies he’s invested in have women CEOs

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Kevin O’Leary, one of the “sharks” on ABC’s popular reality show Shark Tank, says that of all the business he’s invested in during his time on the show, only the companies being run by women are making any money. “All the cash in the last two quarters is coming from companies run by women,” he told Business Insider in an interview. And his revelation gets even more interesting. “I don’t have a single company run by a man right now that’s outperformed the ones run by women,” he said. O’Leary, who made his fortune by selling an education company for around $4 billion, said he came to the realization by accident when he asked his staff to perform an audit of which companies were turning profits and which were losing cash. They spotted the trend. “One thing’s for sure,” O’Leary said. “We should be elevating women to the CEO position because we’re getting better returns.” O’Leary’s real-world observations seem to jibe with a new study that found women bosses inspire greater enthusiasm than male bosses do.

Read the full story at Business Insider.

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