A couple of years ago, Sallie Krawcheck, then CFO of Citigroup (now Chairman & CEO of Citi Global Wealth Management) was asked how being a woman had affected her career. Her response:
I think it’s an advantage. I grew up in Charleston, a very genteel, very Southern city, a gorgeous city. I will say there’s something about going to an all-girls school in Charleston that’s tougher than Wall Street. You don’t know what it’s like. I had the glasses, the braces, the corrective shoes. I was half-Jewish, half-WASPy. I couldn’t have been further outcast. There was nothing they could do to me at Salomon Brothers in the ’80s that was worse than the seventh grade.
The current issue of Fortune (8/18) has a profile of Meredith Whitney, who was one of the first securities analysts to recognize the seriousness of the subprime/CDO situation. Ms Whitney is married to a professional wrestler. From the article:
Another eye opener for Whitney has been how gracious most wrestlers are–at least when the cameras aren’t rolling–in comparison with the viper-pit culture on Wall Street. It sounds absurd–the world of high finance being less collegial than an industry in which employees belt each other in the face.
If we put these two assessments together, we get:
Pro Wrestling
is nicer than
Wall Street
which is nicer than
Seventh Grade