Apple's Tim Cook And 5 Other Notable LGBT CEOs
Cook said that being gay has provided him with deeper understanding of what it is like to be a member of a minority group. He also said his orientation has made him more empathetic while at the same time forcing him to develop the "skin of a rhinoceros."
Not Much Has Changed
Cook's high-profile "coming out" aside, when it comes to sexual orientation, corporate culture hasn't changed a great deal since John Browne said he was forced to step down as CEO of BP p.l.c. (NYSE: BP) in 2007 after being outed by a former boyfriend.
Browne was forced out, not for being gay, but for lying about it in court.
The short list that follows includes some notable LGBT CEOs and a bit of their story.
Portuguese born António Pedro dos Santos Simões is CEO UK for HSBC Holdings plc (NYSE: HSBC).
Simões put his personal life on the line in a 2013 video (below) in which he discussed his views on diversity and inclusion.
He also used the video to explain why he favors workplace meritocracy in which "everyone is able to be open about themselves irrespective of race, gender or sexuality."
CEO of Integrated Supply and Trading at BP p.l.c., Paul Reed, received mention on BP's Diversity and Inclusion website for mention as one of the "Top 50 OUTstanding in Business 2013" list compiled by OUT-Standing in Business and The Financial Times.
Reed told The London Evening Standard that being a gay senior executive could be awkward at times.
"I'm constantly surprised," he said, "when I'm on the trading floor meeting young traders and there's a sudden shock when they realize they've met me somewhere else."
United Therapeutics Corporation (NASDAQ: UTHR) CEO Martine Rothblatt started life as Martin Rothblatt.
Rothblatt transitioned to a woman in 1994 and today is the highest paid female CEO in the United States, pulling in an estimated $38-million salary last year.
Rothblatt said, "One of the unique insights I have is a huge appreciation for all of the privileges I received as a man."
Tampa Bay's C1 Financial successfully completed its IPO on August 13, 2014.
In a recent article asking whether gay CEOs were still controversial, Burgess told Bloomberg, "I don't think that ultimately consumers, broadly, really care that much about the sexual orientation of the CEO."
At the time of this writing, Jim Probasco had no position in any mentioned securities.
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