A fascinating article by Margo Epprecht analyzes why. \u00a0Everyone now understands the game of institutionalized risk and individual rewards. New regulations mean to control risk. Even the smartest man in the room, Jamie Dimon, lost track of his profit and loss statement in the spring of 2012. The attributes that women (and many men who\u2019ve been marginalized by the Wall Street culture) bring to the table; collaborative decision-making, a desire for more information, \u201ccommon sense,\u201d and high sensitivity to risk\u2014are all traits allegedly in demand. Wall Street excess and its powerful protection of its own interests almost killed the financial system. Yet when it seems most imperative that the culture of Wall Street change, for the sake of the economy even, entrenched interests remain strong and resistant to change.<\/p>\n
Reminded of her work habits from the early 1980s, Maryann Keller now laughs. \u201cI thought I was going to die,\u201d she says. \u201cIt was so crazy. If you think about it, we had barely any technology. You were literally locked on the phone the entire day.\u201d Keller had to step back from her frenetic pace by the mid-1980s, briefly going into money management before joining Furman Selz for a satisfying dozen years building her expertise and network even further. Married for a second time, and adoptive mother to three grown children, Keller remains deeply involved in business, running her own consulting company, Maryann Keller and Associates, and serving on boards of companies and non-profits. But she thinks Wall Street is now less appealing to women. \u00a0\u201cThe business has changed,\u201d she muses, \u201cIt is not as intellectually challenging as it used to be. It\u2019s more like cage fighting. Long-term investment today means a month; mathematicians convince themselves they can quantify risk in their arcane products that no one can understand; and fee structures are out of line with investor returns. No wonder people are cynical about Wall Street.\u201d \u00a0 \u00a0Why Women Are Leaving Wall Street<\/a><\/strong><\/p>\n A fascinating article by Margo Epprecht analyzes why. \u00a0Everyone now understands the game of institutionalized risk and individual rewards. New regulations mean to control risk. Even the smartest man in the room, Jamie Dimon, lost track of his profit and … Continue reading ![\"Leaving](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/09\/Leaving-Wall-Stret-300x211.jpg\")
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