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Women have made enormous strides in recent decades, as they entered and rose through the ranks of corporations to attain leadership positions. Despite these gains, however, and despite the number of women in business schools, and in lower and middle management positions, the status of women at the top of corporate America has not increased as expected. According to the 2006 Census released by Catalyst, a research and advisory organization that conducts research on women’s career advancement, in 2006 women held just 15.6% of Fortune 500 corporate officer positions, fewer than the previous year (16.4% in 2005). Catalyst also reported that the number of companies with three or more. | WOMEN IN BUSINESS WOMEN IN BUSINESS The Changing Face of Leadership Patricia Werhane Margaret Posig Lisa Gundry Laurel Ofstein and Elizabeth Powell Foreword by Margaret Heffernan .