The Female Manager :: essays research papers

Reasearch Report I have decided to write my report on the female manager, identifying three women who are presidents or CEO’s of companies listed on the New York Stock Exchange, providing information on their background and how they made it to the top. The first female I wanted to talk about is Muriel Siebert. She is currently CEO of Siebert Financial Corporation. She has had a chair on the National Women's Business Council and she made history as the first woman to buy a seat on the New York Stock Exchange in 1967. I hope she fits in the category, because I think this lady is wonderful. Muriel Siebert has been called "The First Woman of Finance." Among other firsts, she is the first woman to own a seat on the New York Stock Exchange and the first to head one of its member firms, Muriel Siebert & Co., Inc. She took a leave from her firm in 1977 to serve five years as the first woman Superintendent of Banking for the State of New York. She is known as an outspoken speaker who pulls no punches in lectures, panels and talk shows. She often exhorts industry to utilize women more aggressively. "American business will find that women executives can be a strong competitive weapon against Japan and Germany and other countries that still limit their executive talent pool to the male 50 percent of their population." Muriel Siebert has advised, "The men of the top of industry and government should be more willing to risk sharing leadership with women and minority members who are not merely clones of their white male buddies. In these fast-changing times we need the different viewpoints and experiences, we need the enlarged talent bank. The real risk lies in continuing to do things the way they've always been done." Muriel Siebert not only proves what she preaches, but she practices it too. Her best-known gamble made historic waves in 1967 when she applied to become the first woman member of the New York Stock Exchange. Although she had risen to a partnership in a leading Wall Street brokerage firm and had made big money for colleagues, her effort was patronized, ridiculed or openly opposed by many men on Wall Street. She was turned down by nine of the first ten men she asked to sponsor her application. Before considering her for membership, the Stock Exchange imposed a new condition: she needed a letter from a bank saying they would lend her $300,000 of the near-record $445,000 seat price.