Women Empowerment – Sallie Krawcheck – Power of ‘Her’ Wallet

Go Lean Commentary

So “you” think you can dance … with a partner?

“You” (male-dominated society) made progress for women; allowed for suffrage (right to vote), property rights, equal education opportunities and equal protection under the law. Well, Sallie Krawcheck says: Still not enough!

This submission is about Sallie Krawcheck …


Despite her unknown status, what she advocates and promotes is very much known … and important – See Book Review below.

Sallie Krawcheck is a Wall Street icon and activists; she currently serves as the CEO (Chief Executive Officer) for the new financial advisory company Ellevest:

Sallie L. Krawcheck (born November 28, 1964)[1] is the CEO and Co-Founder of Ellevest, a digital financial advisor for women, launched in 2016. She is owner and Chair of Ellevate Network.[2] Prior to this she was the president of the Global Wealth & Investment Management division of Bank of America.[3] She has been known as one of the most senior women on Wall Street.[4][5] Most recently she has been widely published in both social and more traditional media, focusing on Wall Street regulatory reform; she is also advising a number of start-ups.[6][7][8]Wikipedia

Beyond her professional vocation, she also serves as a Drum Major for change for young people – think millennials. She is trumpeting a message that we all need to hear:

The world is NOT moving in the right direction for gender equality.

The gender pay gap is decades away from closing for White women, 100 years for Black women and 200 years for Latinas.

These are just words – a picture is worth a thousand words; a VIDEO, a million. This VIDEO – from satirist Trevor Noah – presents her quest more fully:

VIDEO – Sallie Krawcheck – How Ellevest Is Challenging the Gender Investing Gap | The Daily Show – https://youtu.be/mdxS8S_06VM

The Daily Show with Trevor Noah

Published on Feb 5, 2019 – Sallie Krawcheck explains why diversity initiatives that start from the top aren’t enough, how the financial industry is biased against women and the right way to build a diverse company.

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About The Daily Show: Trevor Noah and The World’s Fakest News Team tackle the biggest stories in news, politics and pop culture. The Daily Show with Trevor Noah airs weeknights at 11/10c on Comedy Central.

So young people naturally rebel against the standards and norms of their parents. This could be bad; this could be good. The counter-culture of the 1960’s/1970’s brought change from a lot of bad orthodoxy and American (and modern “Western”) life in general. Now the next generation (Millennials) have the opportunity – and thusly Ms. Krawcheck’s advocacy – to go one step further and demand equality, accountability and fairness, especially in the cases of pay gaps, justice and interpersonal abuse.

Because of the family dynamic, women control 85% of all consumer spending.

Millennial women are coming together and forging change.

Think: “Me Too” … calling out “Men Behaving Badly”.

We hear you Ms. Krawcheck … and agree. The progress with diversity is NOT enough; many times “we” have even regressed instead of progressed.

We need change in the Caribbean too. Far too often our societal institutions have under-valued our women (sisters, daughters and mothers). We need the societal engines of the Caribbean to be better:

  • Economics – Jobs and entrepreneurial opportunities must be equally available to all people, despite gender or race. There is a Freedom of Movement edict in the CariCom regional pact; but the provisions only allowed for one skilled worker to migrate freely among member-states, and not the spouse. This blatantly ignores the women of the region. Modern economic realities mandate that both spouses work, so such “no spouse” rules, depravedly disregards women.
  • Security – Victims of sexual and interpersonal violence should be protected and empowered in our Caribbean. But many member-states still have backwards policies, like on marital rape restrictive prosecutions.
  • Governance – Citizenship laws and cross-border employment must be neutral and equitable for gender roles.

We have no choice, we simply must make progress; we must work around the obstacles in our society. If we do not work around, our women will “walk around … and out”. Yes, they have choices; they have been choosing life away from us, rather than with us. Change is therefore not optional! Equality is therefore not optional!

Success is not automatic; it takes hard-work and heavy-lifting!

This theme – empowering women actually aids society – aligns with previous Go Lean commentaries; see a sample list here:

http://www.goleancaribbean.com/blog/?p=16477 Transforming Hindus versus Women – What it means for us?
http://www.goleancaribbean.com/blog/?p=13063 Gender Equity without a ‘Battle of the Sexes’
http://www.goleancaribbean.com/blog/?p=14718 ‘At the Table’ or ‘On the Menu’
http://www.goleancaribbean.com/blog/?p=6937 Women in Politics – Yes, They Can!
http://www.goleancaribbean.com/blog/?p=2201 Students developing nail polish to detect date rape drugs

Thank you Ms. Krawcheck. We hereby pledge to model your “thoughts, feelings, speech and actions” here in the Caribbean.

This is a continuation of this series of commentaries from the movement behind the book Go Lean … Caribbean. This is part 5 of 6 for Women History Month; this series addresses how women can make a difference in society; and how society can make a difference for women. Other commentaries in this series include these entries:

  1. Women History Month 2019Thoughts, Feelings, Speech and Actions
  2. Women History Month 2019Viola Desmond – The Rosa Parks of Canada
  3. Women History Month 2019Kamala Harris – Caribbean Legacy to the White House?
  4. Women History Month 2019: Captain Marvel – We need “Sheroes”
  5. Women History Month 2019: Ellevest CEO: Sallie Krawcheck
  6. Women History Month 2019: Accepting Black Women As Is

As related in these previous submissions, many women fight the bad orthodoxies in society; they challenge “us” to overcome obstacles and positively impact our communities. Some women fight; some cheer on; some can be Drum Major for change.

Like Ms. Krawcheck role model presents, “Yes, we can” make our homeland a better place to live, work and play. 🙂

About the Book
The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU), for the elevation of Caribbean society – for all member-states. This CU/Go Lean roadmap has these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion and create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines.
  • Improve Caribbean governance to support these engines, including a separation-of-powers between the member-states and CU federal agencies.

The Go Lean book provides 370-pages of turn-by-turn instructions on “how” to adopt new community ethos, plus the strategies, tactics, implementations and advocacies to execute so as to reboot, reform and transform the societal engines of Caribbean society.

Download the free e-Book of Go Lean … Caribbean – now!

Who We Are
The movement behind the Go Lean book – a non-partisan, apolitical, religiously-neutral Community Development Foundation chartered for the purpose of empowering and re-booting economic engines – stresses that reforming and transforming the Caribbean societal engines must be a regional pursuit. This was an early motivation for the roadmap, as pronounced in the opening Declaration of Interdependence (Pages 12 – 13):

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xvi. Whereas security of our homeland is inextricably linked to prosperity of the homeland, the economic and security interest of the region needs to be aligned under the same governance. Since economic crimes … can imperil the functioning of the wheels of commerce for all the citizenry, the accedence of this Federation must equip the security apparatus with the tools and techniques for predictive and proactive interdictions.

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

Sign the petition to lean-in for this roadmap for the Caribbean Union Trade Federation. 


Book Summary: OWN IT – The Power of Woman at Work – By Sallie Krawcheck.

Amazon Product Review

Wall Street Journal and Washington Post Bestseller, “Own It” is a new kind of career playbook for a new era of feminism, offering women a new set of rules for professional success: one that plays to their strengths and builds on the power they already have.

Weren’t women supposed to have “arrived”? Perhaps with the nation’s first female President, equal pay on the horizon, true diversity in the workplace to come thereafter? Or, at least the end of “fat-shaming” and “locker room talk”?

Well, we aren’t quite there yet. But does that mean that progress for women in business has come to a screeching halt?  It’s true that the old rules didn’t get us as far as we hoped. But we can go the distance, and we can close the gaps that still exist. We just need a new way.

In fact, there are many reasons to be optimistic about the future, says former Wall Street powerhouse-turned-entrepreneur Sallie Krawcheck. That’s because the business world is changing fast – driven largely by technology – and it’s changing in ways that give us more power and opportunities than ever…and even more than we yet realize.

Success for professional women will no longer be about trying to compete at the men’s version of the game, she says. And it will no longer be about contorting ourselves to men’s expectations of how powerful people behave. Instead, it’s about embracing and investing in our innate strengths as women – and bringing them proudly and unapologetically, to work.

When we do, she says, we gain the power to advance in our careers in more natural ways. We gain the power to initiate courageous conversations in the workplace. We gain the power to forge non-traditional career paths; to leave companies that don’t respect our worth, and instead, go start our own. And we gain the power to invest our economic muscle in making our lives, and the world, better.

Here Krawcheck draws on her experiences at the highest levels of business, both as one of the few women at the top rungs of the biggest boy’s club in the world, and as an entrepreneur, to show women how to seize this seismic shift in power to take their careers to the next level. 

This change is real, and it’s coming fast. It’s time to own it.
Source: Retrieved March 9, 2019 from: https://www.amazon.com/Own-Power-Women-at-Work/dp/1101906251/ref=sr_1_1?keywords=Book+Own+It%3A+The+Power+of+Women+at+Work&qid=1552166250&s=gateway&sr=8-1

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