Monday, March 9, 2020

Fairygodboss Of The Week Sallie Krawcheck

Fairygodboss Of The Week Sallie Krawcheck Sallie Krawcheck is the ultimate Fairygodboss. After serving as CFO of Citigroup and CEO of Smith Barney and Merrill Lynch, she decided to focus her energy and expertise on helping women which leuchtdiode her to found Ellevest, a digital investment platform that assists women in achieving their financial goals. In her new book, titledOwn It The Power of Women at Work, she hooks women up with advice on how to take their careers to the next level and she recently shared some of her fabulous insight (including her no. 1 career tip) with Fairygodboss.Fairygodboss of the Week Sallie KrawcheckCEO and Co-Founder EllevestNew York, NYFGB Tell us about yur career. How did you get to where you are now?SKIts been a long road. Ive been a research analyst, Ive been CEO of Smith Barney and Merrill Lynch I was CFO of Citigroup I ran the Citi Private Bank and US Trust. All of this led me to wanting to have a positive impact on women....to be honest, to get more money into the hands of women.So, I founded Ellevest, a digital investment platform specifically targeted to women, to help them close their gender investing gaps (by investing in a way that takes into account their longer lives and different salary curves, not by pinking and shrinking existing offerings. Im also Chair of Ellevate Network, the global professional womens network also of the Pax Ellevate Global Womens Index Fund, which invests in the top-rated company for advancing for women.FGB What is an accomplishment that you are proud of?SK For being fired for being the only person on Wall Street to return client funds in the downturn of 2008. We sold products as low-risk, when they were actually high risk. I went up against my boss to partially reimburse clients. The motherboard of directors sided with me and I eventually lost my job for it.FGB What is a challenge that youve faced and overcome?SK Early in my career, I thought I might not be successful on Wall Street becaus e I wasnt sure if I was analytical enough. But I put my shoulder to the wheel and, I believe, became the most analytical research analyst in my industry. I was the queen of the multiple regression. (And I believe in doing so, I overcame some pretty ingrained gender expectations among our clients.)Lightning RoundFGB Who is YOUR Fairygodboss? And why?SKKaren Finerman. She is an investor in Ellevest, but, more importantly, a great friend and total badass.FGB What do you do when youre not working?SKLong walks in Central Park. I love to cook. And I love spending time with my cat.FGB If you could have dinner with one famous person - dead or alive - who would it be?SK Gloria Steinem. Of courseFGB What is your karaoke song?SK Dont Cry Out Loud.FGB What is your favorite movie?SK The English Patient.FGB What book would you bring with you on a desert island?SK Am I allowed to say Own It The Power of Women at Work (which is my just-published book)??FGB What is your shopping vice? What would you buy if you won the lottery?SKTheRealReal. I cant resist. If I won the lottery, a planeFGB What is the 1 career tip youd like to share with other women who want to have successful careers like you?SKNothing works as well as hard work.FGB Why do you love where you work?SK Because its all about helping women. Which means its good for women, but also good for their families, the economy, for society ... and for men tooFairygodbossis all about women helping other women. So each week, we celebrate a woman who makes a difference in other womens careers. Is there a woman who has made a difference in your career?Celebrate and thank her by nominating her here.

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