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  • Rough Day for Women at the Top

    In a management shake-up at Bank of America Corp., wealth-management head Sallie Krawcheck, one of the highest-profile women on Wall Street, was ousted. Meanwhile, Yahoo’s board fired CEO Carol Bartz over the phone.

    Yesterday was a tough day for women in the top ranks of business.

    In a management shake-up at Bank of America Corp., wealth-management head Sallie Krawcheck, one of the highest-profile women on Wall Street, was ousted. Meanwhile, Yahoo’s board fired CEO Carol Bartz over the phone.

    Notwithstanding their performance on the job, I’ve long admired the candor that both Bartz and Krawcheck have brought to the discussion of being a woman, a mother and above all a hard-working executive. Both have eschewed the notion that work-life “balance” is possible at a single moment. Instead, they have been candid about the balls they’ve dropped—particularly in their family lives—to reach high places.

    Earlier in her career, Krawcheck says she gave up staying home with her children because she was “really bad at it” and felt no guilt about working 80- to 90-hour weeks when she was Citigroup’s CFO. “Because I stayed home for a while, I don’t question now whether my family would be better off if I were there.”

    Bartz has also been outspoken about the tradeoffs she has made in her career and family juggle. In a terrific videotaped talk with the Wall Street Journal (worth taking a few minutes to watch) and in this “More” magazine article, she says that daily work/life “balance” is a myth that can only lead to counterproductive guilt for working moms. Working parents should take a longer-term view, focusing on doing one thing well at a time, instead of seeking the perfection of a daily balance.

    Read Full Story at Wall Street Journal

    Good luck.

    Calvin Wilson
    Founder and CEO
    Upstart: Business and Management for 20-40 Year Old Professionals
    calvin.wilson1@verizon.net
    http://twitter.com/Upstart__Nation

    Filed Under: Women's Business

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