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The New Sheriffs of Wall Street
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| Parent(s) |
Candidate
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| Contributor | COSDem |
| Last Edited | COSDem May 16, 2010 04:41pm |
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| Category | Profile |
| Media | Weekly News Magazine - TIME Magazine |
| News Date | Monday, May 24, 2010 10:40:00 PM UTC0:0 |
| Description | A few weeks back, at an event to celebrate the role of women in finance, Treasury Secretary Timothy Geithner tried to get things started with a joke. He said he had recently come across a headline that asked, "What If Women Ran Wall Street?"
"Now that's an excellent question, but it's kind of a low bar," Geithner continued, deadpan amid rising laughter. "How, you might ask, could women not have done better?"
It is rarely noted that the financial wreckage littering our world is the creation, almost exclusively, of men, not women. And no wonder: to this day, each of the large banks, from Citigroup to Goldman Sachs, employs fewer than a handful of women in senior positions, and only 3% of Fortune 500 companies have a woman as CEO. Embarrassing tales of a testosterone-filled trading culture tumbled out of the what-went-wrong probes as the Great Recession took hold.
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