Comments on: Women desert Wall Street http://blogs.reuters.com/felix-salmon/2010/09/20/women-desert-wall-street/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: y2kurtus http://blogs.reuters.com/felix-salmon/2010/09/20/women-desert-wall-street/comment-page-1/#comment-18664 Tue, 21 Sep 2010 21:26:53 +0000 http://blogs.reuters.com/felix-salmon/?p=5410#comment-18664 I’ve got a much simpler explanation of the numbers in the chart. The numbers in the chart are wrong.

If I am reading the chart correctly it suggests that male employment in financial services has grown and that female employment in financial services has shrunk over 10years.

I would bet all that I own that female financial sector employment is greater today than 10 years ago.

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By: Paine21 http://blogs.reuters.com/felix-salmon/2010/09/20/women-desert-wall-street/comment-page-1/#comment-18646 Tue, 21 Sep 2010 17:29:37 +0000 http://blogs.reuters.com/felix-salmon/?p=5410#comment-18646 @BB1978 – THANK YOU! I wasn’t too surprised by the data you found. @pnishr: Your responses are full of frustration and aggravation. Male-bashing isn’t the issue here. If you work in a Wall Street firm and stand in the middle of the floor, look around and count the number of women v. men. Then consider each of those women and men in their comparable roles. Examine why you feel one person is better in that position than another. Women leave Wall Street because there is very little self-examination on the part of managers and executives regarding their choices for hiring and promotion. It is similar for other minorities as well. No one wants to be called sexist or racist, but an institution, through established hierarchies based on cronyism, will perpetuate the system that carries these flaws. If the creation of wealth was truly the bottom line for these firms, the corporate culture would truly reflect the best and the brightest. But as the derivatives mess has shown, the culture promotes the slickest. Someone should have said no before that got out of hand. But the dollar signs of easy money were too bright. Banks and investment firms are an important part of this nation’s, this world’s economy. If you want to call it male-bashing, go ahead, but a woman probably WOULD NOT have pulled that deal and thrown it on the table for 3 reasons: #1 – her male colleagues would have gutted her about the worth of deal and its inherent riskiness before swiping the idea out from under her and selling it themselves; #2 – derivatives swaps combined with the housing crisis would have made her uneasy; she would have seen the writing on the wall – deal goes bad, money lost and she’d be out the door, a convenient scapegoat; #3 – women ARE more risk averse because while a male colleague can make a mistake and survive it, a woman’s career would take the hit twice as hard – if she wasn’t fired, she would definitely have to either leave the company or find a new manager who would allow her to prove herself. In an overwhelmingly male environment, it is survival. Has anyone read “Whistling Vivaldi?”

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By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/09/20/women-desert-wall-street/comment-page-1/#comment-18633 Tue, 21 Sep 2010 13:37:17 +0000 http://blogs.reuters.com/felix-salmon/?p=5410#comment-18633 Maybe it is because females recognize that the world of high finance can be about ego and coercion and once they get the bad taste in their mouths after being asked to cheat customers, lie and push risk onto unsuspecting clients while extracting huge bonuses for being corrupt they either want to do it their way (ethically) and start their own business or have other choices to pursue.

Or maybe she wasn’t allowed near that social circle even if she wanted to be. Maybe it is an aversion to financial crack? maybe someone asked her to sell some derivatives but couldn’t explain exactly what it was she was supposed to sell and told her to fudge it? Maybe she saw too many men making deals in strip clubs and over a line of cocaine? Maybe she wanted a life? And yes maybe she also wanted a baby and family.

I am still curious where the woman is who helped sell the abacus deal who was the liaison for Paulson and quit soon after… never to be heard from again. I think she is the proverbial fly on the wall.

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By: wickii http://blogs.reuters.com/felix-salmon/2010/09/20/women-desert-wall-street/comment-page-1/#comment-18629 Tue, 21 Sep 2010 09:59:53 +0000 http://blogs.reuters.com/felix-salmon/?p=5410#comment-18629 Maybe women dont see Finance as worthy..and who could blame them.

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By: NaughtyDevilz http://blogs.reuters.com/felix-salmon/2010/09/20/women-desert-wall-street/comment-page-1/#comment-18624 Tue, 21 Sep 2010 07:16:15 +0000 http://blogs.reuters.com/felix-salmon/?p=5410#comment-18624 Nice report…

@BB1978: I strongly support Ur observation its gurlz/women who smooth out the life’s ups n down in general,hopfully they can do same in other areas also. Lets give it a try… ♫♪♥

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By: deLafayette http://blogs.reuters.com/felix-salmon/2010/09/20/women-desert-wall-street/comment-page-1/#comment-18623 Tue, 21 Sep 2010 07:04:16 +0000 http://blogs.reuters.com/felix-salmon/?p=5410#comment-18623 {I don’t find either of these theories particularly convincing. For one thing, have Wall Street back offices really thinned out since 2000? And were they particularly female-dominated back then?}

Spurious track, that.

As a male, perhaps you truly do NOT understand female preoccupations? Consider this key clue: “Women have this higher alternative value of how to spend their time” Does it give you a better insight into female priority values? No? Then you are hopeless.

The male gender achieves personal realization by means of his work, whether it be in business or sports. This is the principle means of establishing self-esteem. It is also the primogeniture of male pursuit of capital accumulation, since achievement is best expressed by the ostentation that riches afford us. Who wouldn’t like a Ferrari when the rest of us are driving Chevys?

The female gender is “programmed” since the dawn of time to nurture (the family, its children) and when a work environment becomes hostile by means of personal competition, milady opts out. Such does not correlate very tightly to her system of values and, indeed, many may feel that they “could be doing other, more enriching things with her life”.

What has more value to mankind — that megabuck bonus or a healthy and happy child?

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By: Darkly37 http://blogs.reuters.com/felix-salmon/2010/09/20/women-desert-wall-street/comment-page-1/#comment-18621 Tue, 21 Sep 2010 05:22:24 +0000 http://blogs.reuters.com/felix-salmon/?p=5410#comment-18621 To say a woman cannot do it is offensive, but it is not offensive to say most women probably do not want to do it. The nature of that job just does not fit most women’s natural nurturing personality. Men tend to thrive in hostile or volitile businesses which boosts their testosterone and natural abilities.

This does not mean men are better at it, just we enjoy it more than women do. The fact that the market was doing so poorly is directly related to why women were leaving. The job didn’t have any benefit to women if they were not making money. Men on the other hand still get enjoyment from this particular job even if they are not making much money.

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By: nicfulton http://blogs.reuters.com/felix-salmon/2010/09/20/women-desert-wall-street/comment-page-1/#comment-18618 Tue, 21 Sep 2010 04:32:55 +0000 http://blogs.reuters.com/felix-salmon/?p=5410#comment-18618 This is just a theory. But over the last decade Wall Street has certainly become more technology driven. Although this may be just moving the ‘shame’ over to another industry, there has been a lot of technology hiring on Wall Street and the computer industry has very bad gender imbalances. Could it be that we’re seeing this reflected in Wall Street?

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By: misdelivery http://blogs.reuters.com/felix-salmon/2010/09/20/women-desert-wall-street/comment-page-1/#comment-18617 Tue, 21 Sep 2010 04:21:40 +0000 http://blogs.reuters.com/felix-salmon/?p=5410#comment-18617 Pressure cooker jobs will never be able to contain women. They are part of patriarchal institutions designed for and built by men. Its not in womens nature to take on these roles and besides, they want more time for LIFE. One day businesses are actually going to figure that out.

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By: Buzz123 http://blogs.reuters.com/felix-salmon/2010/09/20/women-desert-wall-street/comment-page-1/#comment-18615 Tue, 21 Sep 2010 02:58:53 +0000 http://blogs.reuters.com/felix-salmon/?p=5410#comment-18615 Did occur to anyone that there are less women in these jobs because as a whole, they are undesirable, offer poor security, working conditions, and an uncertain future working in a house of cards which is so bankrupt it can come tumbling down at any moment?

The economy as we have known it is no more folks. Stop waiting for a report from the top to validate this.

Listen to our women. They know something.

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