Regal Entertainment Group CEO Amy Miles remains the only female chief executive of a Tennessee-based public company, according to an annual report by Lipscomb University and Nashville CABLE, a diverse network of professionals.
The report “shows little progress toward gender diversity” in corporate boardrooms across the state in recent years. Since 2007 when the university researched the issue women have held between 7.9 and 8.3 percent percent of the board positions for Tennessee public companies, the report says.
The “Women in Corporate Leadership” study found that while 47 percent of the Tennessee work force was female in fiscal 2010, women held only 8 percent of the 566 public company board seats. Of the 17 new independent board directors appointed in Tennessee during fiscal 2010, only three were women.
It has to be fun when a gamble pays off. Knoxville-based Regal Entertainment Group is enjoying just such a payoff this week with the success of the action movie “The Grey.”
The Liam Neeson film opened No. 1 at the box office, bringing in nearly $20 million in its first weekend. Reviews have been good and “The Grey” is likely to make a whole lotof money for its distributor Open Road Films.
Open Road was created in March a year ago by Regal, operator of the largest chain of movie theaters in North America, and AMC, the second largest. Regal and AMC gambled on Open Road in response to a decline in major studio releases and the threat of movies being released direct into the home with video-on-demand technology.
Movie theater attendance was down last year and 2012 expectations are uncertain. Even so, a writer for the investment website Investopedia says today it’s a good time to own Regal Entertainment Group stock.
Taking a less rosy outlook on the Knoxville-based movie theater operator are a pair of financial research firms that on Tuesday downgraded Regal stock and lowered their price estimates.