- To understand how to close the retirement savings gap, we need ot shift our perspective.
- The retirements savings crisis is a women’s crisis. We retire with 2/3 the money of men and live 7-8 years longer.
- The answer to this issue, the opportunity, the challenge is what I want to talk about today.
- By engaging women more fully in the economy, we can close the retirement savings gap by 1/3.
- Let’s take that lens and tilt it further, it will activate diversity.
- Diverse teams outproduce more capable teams.
- Adding someone with a different perspective adds alot.
- Diversity has the ability to boost ethics.
- My first research report on American General. I thought it was tanking. I was told, “Don’t publish this. You’re wrong. And nobody likes a Debbie-Downer. Wall Street is a place where you can make millions by just being in the middle of the pack.”
- I was hired to do the best job for our clients, even if it was not what they wanted to hear.
- The #1 reason women accept jobs is meaning and purpose.
- In 2007/2008 at Smith-Barney and I came to conclusion that we should share the losses with our clients. My boss said, “No.”
- Was this a question of business ethics? I thought so. But in the end it was about our clients. I was thinking about the long-term health of the business.
- The research that this type of relationship focus is very female.
- What matters is not if I was right or wrong, what matters is my voice was different. Diverse teams do not make more efficient decisions, they take longer. Diverse teams make more effective decisions.
- Why is corporate America not making more progress in diversity? Wall Street goes backward.
- Diversity is hard. We all have inherent biases. The research says we like powerful men. We do not like powerful women.
- We need courageous conversations. “Do you realize what we just did there?”
- What can we do to drive diversity?
- Recognize the differences, disagreements, debates.
- Do we have the strongest team in place. Ask who is the best person for the job. For too many, the person who is best for the job looks like me.
- Really live our values. Women and millenials too watch us for it. Have you ever seen a company say that our people are just cogs in a machine? Two stories: one who really does and one who doesn’t.
- Women are tired. Why? Hair and makeup. 15 minutes a day extra on hair and makeup = 60 hours a year. When we need time off, it’s not that we’re less committed to our companies. We’re just tired.
- Watch the micro-lessons. We give more feedback to the majority. We give less feedback to women because we’re scared that they’re going to cry.
- What I do love is to learn. I have allowed research speak to me on diversity. With was my white-hot why, advancing women. Ellevate
- If we use our money for a purpose, we can have both.
- “Yes mommy. I googled you. You’re one of the good guys.” That is why I keep going. That’s why I work everyday like my children are watching me because they are even when I don’t know they are.
- I’m also grateful. It was the luck of the draw that I was born to my parents, my circumstances, my parents who went into debt to provide their children with the finest education they could. It is my responsibility to give back.
- My worst day is better than so many people’s best day.
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