Women & Business
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When we began planning our special report "Women in Business," I was eager to learn about how women are really doing in the workplace. In short, many women are successful, powerful and well off, but progress in the professional world has stalled.
Money
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The financial crisis has presented an opportunity for capitalism to be redefined, with a more sustainable, less testosterone-driven model replacing the existing failed, morally bankrupt system, according to Halla Tomasdottir of Audur Capital.
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When Alexa von Tobel found herself frustrated with the lack of personal finance resources and tools available to her, she took a leave of absence from Harvard Business School in 2008 to pursue her dream of creating a way for women to gain control of their finances.
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Income equality made gains during the recession, not because women earned more, but because mean earned less, according to the NY Times.
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Some say Warren Buffett does. If that's not enough, a growing body of research shows that women are less emotional money managers than men — and have the returns to prove it.
Power
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Resourceful women should be taking steps to become board-ready, in order to take advantage of the increasing number of women elected to company boards, according to Molly Ashby, chairman and CEO of Solera Capital.
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Male executives may have to swallow their pride when it comes to which of the sexes do a better job at running a company, according to a recent study.
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Though women make up half of the American workforce, and collect sixty percent of four-year degrees, parity in the corporate world still eludes them.
Success
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“If your mother hasn’t called you crazy yet, then you haven’t graduated from the school of entrepreneurship,” Sock said.
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Women may be happy about the strides they’ve made in corporate America, but they’re hardly satisfied.
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Women are redefining success by leaving corporate America, working toward not only creating an acceptable work-life balance, but building a successful business.
Players
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Women assume success is about the performance, about working harder and harder and achieving good and measurable results. Hard work is important, of course, but it is never the tiebreaker when management is looking for a candidate to promote.
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Hired as an Inspector General out of college, Theresa Grafenstine found herself in a mostly male world. She's made it her mission to educate young women on what she has found to be a fascinating and rewarding career.
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Sheila Harrell started her career at FedEx unloading packages; today she's in charge of 6,000 customer relations representatives around the world.
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"Sometimes we go out looking for our life’s work, and sometimes it finds us. Getting into the music business was not something I had dreamed about, or even considered when planning my life and career," says Kelli McGarraugh, President, MD Records.
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It’s not just about delivering the business results or having passion for your industry—it’s a dedicated balance between creating a collaborative spirit for your teams to thrive, and delivering outstanding results based on the needs of your customer, says Bayer CropScience CEO Sandra E. Peterson.
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"Make no mistake— there are still challenges for women in the workplace, even 40 years after we entered the workforce. But over the course of my career, I’ve learned that the key to success lies in ... hard work, determination and relationships with people," says Joyce Russell, EVP and President of Adecco Staffing U.S.
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One of the greatest lessons I have learned is that adversity is a gift. Leaders inevitably face daunting and seemingly insurmountable obstacles.
Slideshows
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In today’s world, daughters are just as likely as sons to be the heirs-apparent to the family business. Find out who they are.
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Each year, Barron's ranks the top female financial advisors, reflecting not only the volume of assets these women oversee, but also revenues generated and the quality of their practices. Learn more.