Sallie Krawcheck
Sallie Krawcheck
#### Full Name and Common Aliases
Sallie L. Krawcheck is a well-known American businesswoman, investor, and former Wall Street executive.
#### Birth and Death Dates
Born on June 27, 1966
#### Nationality and Profession(s)
American; Investor, Business Executive, Author
#### Early Life and Background
Sallie Krawcheck was born in Shreveport, Louisiana, to a family of modest means. Her father was an economist and her mother a teacher. She grew up with a strong emphasis on education and hard work, which would serve her well throughout her life.
Krawcheck's early interest in business and finance led her to attend the University of North Carolina at Chapel Hill, where she earned a bachelor's degree in business administration. After graduating magna cum laude, she went on to earn an MBA from Columbia Business School.
#### Major Accomplishments
Throughout her career, Sallie Krawcheck has achieved numerous milestones that have cemented her reputation as a leading figure in the financial industry. Some of her most notable accomplishments include:
Her rise through the ranks at Smith Barney, where she became one of the few female executives on Wall Street.
Her tenure as President of Global Wealth and Investment Management for Bank of America, making her one of the highest-ranking women in finance at the time.
Her appointment to the Board of Directors at Citigroup, a position that gave her a platform to address issues related to financial regulation and corporate governance.
#### Notable Works or Actions
In addition to her professional achievements, Sallie Krawcheck has also made significant contributions through her writing and advocacy work. Some notable examples include:
The publication of her book "Own It: The Power of Women's Collective Strength," which explores the challenges faced by women in business and offers practical advice for overcoming them.
Her founding of Ellevest, a digital investment platform designed specifically for women, with the goal of helping them achieve financial equality.
#### Impact and Legacy
Sallie Krawcheck's impact on the financial industry and beyond cannot be overstated. Her trailblazing career has paved the way for countless women to follow in her footsteps. Through her work as a leader, author, and advocate, she has helped to raise awareness about issues related to financial equality, corporate governance, and women's empowerment.
#### Why They Are Widely Quoted or Remembered
Sallie Krawcheck is widely quoted and remembered for her insights on the challenges faced by women in business, as well as her advocacy for greater diversity and inclusion within the financial industry. Her commitment to empowering women through education and economic opportunity has made a lasting impact on the world of finance and beyond.
As a prominent figure in the business community, Krawcheck's words carry significant weight. She is often sought out by media outlets and organizations looking for expert commentary on issues related to women in business, financial regulation, and corporate governance. Her quotes offer valuable insights into the complexities of these topics and provide readers with practical advice for navigating them.
In summary, Sallie Krawcheck's impressive career has left an indelible mark on the world of finance and beyond. Her commitment to empowering women through education and economic opportunity has made her a leading voice in the business community.
Quotes by Sallie Krawcheck
Starting a business from scratch and having little money in the bank focuses your mind in a way that running a multibillion-dollar business never does. It brings the key drivers of performance into sharp relief. I promise.
My low point was after being reorganized out of running Merrill Lynch. That dismissal deeply contradicted my sense of fairness, since, at the time, my team and I had done what we were brought in to do: We had turned Merrill Lynch around from the depths of the financial crisis.
The Ellevest target client is the professional woman who either has her own money or has agency over her family's money. She is among the 75 million women in the U.S. workforce who want to take financial control and is looking for a straightforward way to achieve her dreams on her own terms.
If you aren't committed to diversity of thought, you have no business launching a startup.
We just haven't had enough women in senior roles on Wall Street overall - fewer women in the investment banking function overall as well.
We all know money is power. And women won't be equal with men until we are financially equal with men. Getting more money into the hands of women is good for women, but it's also good for their families, for the economy, and for society.
I have a very simple point of view, which is, I'm going to be alive for some amount of time; I don't know how long that's going to be. Then I'm going to be dead for a really, really long time. Right? You need to squeeze everything you can out of this time when you're alive.
We shouldn't think anyone needs a Ph.D. in advanced investing in order to begin to invest.
I wish I had known that that process of figuring out what you're good at, what you want to do, and where you want to have an impact is not a one-time exercise, but an ongoing one. Instead, I bought into success being an endpoint rather than a constant process.
One thing I never thought about in my big-company job? Cash flow. When your business has billions of dollars in revenue, you can make a lot of mistakes and still have a viable business. But in a startup, make a few hiring mistakes, and you can find yourself in real jeopardy fast.