I feel like ever time I turn around, I’m hearing Sallie Krawcheck’s name. Whether she’s being interviewed on a podcast, or she’s the subject of a news article, or a colleague mentions her name, she seems to be everywhere. But just a few months ago, I couldn’t have picked her out of a lineup. As it turns out, she’s a fascinating woman who has both succeeded and failed in very public fashion.
In the early 2000s, Sallie was known as the most senior woman on Wall Street. Some of her posts include CEO of Smith Barney, CFO of Citigroup, and CEO of Citi’s wealth management business. And this is where things started to take a turn. In 2008, she was very publicly fired after she openly (and vocally) disagreed with Citi’s CEO. News of her departure was splashed on newspapers and morning shows. In fact, Sallie says that she found out she was fired while eating breakfast in front of the television one morning. After she left Citi, she joined Bank of America until her position was eliminated.
There are many things that make Sallie inspirational. She worked her way to the top of an industry that is not only male-dominated, but is at times outright hostile to women. Because it’s so rare to see a woman so high up the ladder in finance, the spotlight was on her. When things began to fall apart, it was all the more visible. But what makes her so special is that she didn’t hide in shame or give up her day job. She didn’t slink off into a corner. Instead, she picked up the pieces and began her own venture – Ellevest – a digital investment platform specifically geared toward women and their financial goals. She is also the chair of the Ellevate Network, a global women’s professional network.
Sallie also recently came out with a book, Own It: The Power of Women at Work, which I intend to read. I love Sallie’s fierce determination and never give up attitude. And for that, she gets this weeks’ Friday Spotlight.
If you have someone you’d like to nominate for the Friday Spotlight, let me know in the comments. Have a great weekend, everyone!