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In our corporate culture, because someone may have to take some flexibility because of family issues, somehow we continue to believe they aren't fully dedicated.
Sallie Krawcheck
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Sallie Krawcheck
Age: 59
Born: 1964
Born: November 28
Businessperson
Businesswoman
Charleston
South Carolina
Someone
Corporate
May
Somehow
Take
Fully
Believe
Continue
Aren
Issues
Family
Flexibility
Culture
Dedicated
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As we work together and pool our resources, there's room for everyone to be successful.
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There is absolutely nothing that beats hard work.
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People say to me, 'Has being a woman helped or hindered your career?' And the answer is yes.
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A computer can have so much more in its brain that a human can.
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If you haven't had a major fail in your career - face-plant level - you aren't trying hard enough.
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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.
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Women tend to live longer than men do. Women tend to have, unfortunately, their salaries peaked sooner than men's do. Both of these things are extraordinarily important in putting together financial and investing plans for women.
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Women tend to have a better track record in investing - when they invest - than men do, because they tend to take a longer-term perspective. They tend to trade less. They tend to shift in and out of stocks or mutual funds less often.
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If a woman is making $85,000 a year, putting aside 20% of her income, putting it in a bank, earning very little...Over the course of her life vs. investing, this can cost her $1.5 million, $2 million, $2.5 million. Life changing amounts.
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I'm really putting my life towards helping women to invest, and there's a circular reference here because if women can invest and give themselves the opportunity to earn higher returns, they can start those businesses. They can go to work with a little more confidence to ask for that promotion, to ask for the new assignment, etc.
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Women tell us that they do feel patronized. They do feel like they don't have the time and the space to have their questions answered.
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We don't recognize the power of compounding.
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I prefer the word engagement. Instead of empowerment, it's enabling women to engage in business.
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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.
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I want to buy a house. I want to retire well. I want to have baby.
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If it comes down to your ethics vs. a job, choose ethics. You can always find another job.
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Nothing bad happens when women are in positions of power.
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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.
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Greater diversity drives better business results.
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I love what's going on these days with these powerful women who are really working to make a difference.
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