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Sallie Krawcheck Biography

Sallie Krawcheck

Sallie L. Krawcheck (born November 28, 1964) is the CEO and Co-Founder of Ellevest, a digital financial advisor for women launched in 2016. She is owner and Chair of Ellevate Network. Prior to this she was the president of the Global Wealth & Investment Management division of Bank of America. She has been known as one of the most senior women on Wall Street. Most recently she has been widely published in both social and more traditional media, focusing on Wall Street regulatory reform; she is also advising a number of start-ups.

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Sallie Krawcheck Quotes

Women, girls and young ladies tend to be as good or better at math than boys, but you didn't think that either.

Boys, Girl, Good, Math, Women

Nothing bad happens when women are in positions of power.

Happens, Nothing, Position, Position Of Power, Women

How about mandated parental leave. ? Oh, okay. Less than 20% of companies in America have it. Most of them think about it as an expense. What's the bigger expense? The bigger expense occurs if women have babies and don't come back to work.

America, Baby, Leave, Occurs, Thinking

Women tend to collaborate, in my experience, more easily than gentlemen do.

Collaborate, Easily, Experience, Gentleman, Gentlemen, Tend

When you speak to a man or a woman about money, they will use water visualizations. For men, it typically is a river. Money comes in; money goes out. The level rises; the level sinks. For women, when you talk about money, to her. . . it's a pond. It's a set amount. She husbands it, and it typically goes in one direction. . . which is down.

Amount, Husband, Level, Man, Men, One Direction

I had very good bosses, very good companies for which I worked. I worked in industries where the results really mattered; it wasn't the perception of results, it was just the facts.

Boss, Facts, Mattered, Perception, Results

Facts are that the financial advisers on Wall Street today or anywhere depending on which firm, what point in time - 85 to 88 percent male, and that is part of why investing for women they tell us feels unapproachable because they don't see people who look like them.

Facts, Financial, Males, People, Point, Wall

I would say one of the reasons that women don't invest to the same extent that men do, is because we still think of it in some ways as a male pursuit.

Males, Men, Pursuit, Reasons, Same, Thinking

You have six math Ph. D. Caucasian gentlemen from the Northeast of the country, great. You put one more in the mix, you haven't added much. It's only when you add something different that you really are able to accomplish more.

Caucasian, Country, Gentleman, Gentlemen, Math

If a woman was successful, she wasn't helping other women.

Helping, Helping Others, Successful, Woman, Women

What I saw a thousand times during the downturn was, 'We'd like to give her that opportunity, but we need to go with the sure thing - we can't afford diversity right now,'

Diversity, Giving, Opportunity, Right, Saw, Thousand

We don't recognize the power of compounding.

Compounding, Power, Recognize

I love what's going on these days with these powerful women who are really working to make a difference.

Difference, Differences, Making A Difference, Powerful, Women

Something happens in the middle when women are in their 30s, and we can start with an array of things that happen, whether it is - you hope this doesn't exist any longer - but overt discrimination; whether it's subtle gender discrimination, which absolutely does exist among men and women; whether it's the fact that it gets hard to juggle at that point children, housework, etc. But people still have to go home and cook the dinner and clean the dishes and get the beds made and so on. And so, for a whole bunch of reasons, women tend to fall out in their 30s still today.

Children, Dishes, Fall, Home, Longer, Things

The industry financial advisers, on average about 85% male, tends to be a more mature financial adviser - so I think in their 50s, really. For so many companies, in their 60s. In fact, there is one company that was telling me they had more financial advisers over the age of 80 than under the age of 30.

Age, Average, Company, Males, Tends, Thinking

Women tend to very much, very much think of money as a means to an end, not as an end in itself.

Ends, Mean, Tend, Think, Thinking, Women

Men tend to leave their financial adviser at a single-digit-percent rate in any given year. And women leave their husband and their joint financial adviser in the year after their spouse's death at a rate of greater than 70 percent - seven-zero.

Death, Given, Husband, Men, Rate, Zero

Networking is the No. 1 unwritten rule of success in business.

Business, Business Success, Networking, Rule, Unwritten Rules

If you haven't had a major fail in your career - face-plant level - you aren't trying hard enough.

Career, Careers, Enough, Hard, Levels, Trying

Typically, when you ask a financial adviser sitting with a couple: Do you treat the man and woman differently? They say, "No!"

Couple, Financial, Men, Sitting, Treat, Typically

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