EMILY's List
Why women are the 'new sheriffs of Wall Street'
By Emily on 05/17/2010 @ 04:44 PM
In case you missed it, there was a really great article in TIME last week about how women leaders are changing the way Wall Street works. Asking "What if women ran Wall Street?" the article describes the tough road women still face in reaching the top echelons of the financial industry -- but how the ones who have made it are making a big impact. (Worth noting: Currently, just 3% of Fortune 500 companies employ a woman as CEO...)
At an event celebrating women in finance recently, three featured speakers were some of the women telling Wall Street how to clean up its act: Sheila Bair, the chair of the Federal Deposit Insurance Corporation (FDIC); the first woman chair of the Securities and Exchange Commission (SEC), Mary Schapiro; and Elizabeth Warren, who's heading up the Troubled Asset Relief Program bank bail-out.
So why are women taking the lead on reform? This really says it all::
"Unlike many of the men they oversee, the new sheriffs of Wall Street never aspired to eight-figure compensation packages or corporate suites. Bair, Schapiro and Warren all made their careers far from Manhattan, taking on new jobs during pregnancies and outhustling the men around them. But it is their willingness to break ranks and challenge the status quo that makes these increasingly powerful women different from their predecessors."
Read the full article about the new "sheriffs of Wall Street" here.
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