Understanding Equitable Pay and Investment for Women

Bob Cohen hosts Sally Krycek, CEO of Ellevest, discussing the impact of COVID-19 on women and business, the importance of investing for women, and the gender pay and wealth gaps. Sally shares insights on leadership, diversity, and adapting to virtual environments. The session concludes with a Q&A segment addressing audience concerns.

What is the primary mission of Ellevest as discussed by Sally Krycek?

• To increase the amount of money in the hands of women

• To provide financial education to men

• To offer loans to small businesses

• To create a new cryptocurrency

What was a significant realization Sally Krycek had about women and investing?

• Women are naturally better at investing than men

• Women have more investment opportunities than men

• The lack of investment by women costs them significantly over their lifetimes

• The investment industry is predominantly run by women

What is the gender wealth gap for Black and Brown women compared to a white man's dollar?

• 1 penny

• 82 cents

• 32 cents

• 50 cents

According to Sally Krycek, what is a crucial factor in closing the gender wealth gap?

• Promoting more male CEOs

• Encouraging women to invest and manage their finances

• Reducing the number of women in the workforce

• Increasing the number of women in politics

What leadership trait does Sally Krycek emphasize as important in a virtual environment?

• Micromanagement

• Strict management

• Avoiding communication

• Visible leadership

What does Sally Krycek identify as a key driver of superior performance in organizations?

• Meritocracy

• Diversity of perspective

• Uniformity in teams

• Strict hierarchy

How does Sally Krycek suggest overcoming fears around investing?

• Investing only in real estate

• Investing in high-risk stocks

• Starting with a small amount of money

• Avoiding the stock market entirely

What mindset does Sally Krycek attribute to her career success?

• Risk-averse mindset

• Conservative mindset

• Growth mindset

• Fixed mindset

What does Sally Krycek suggest doing if you lose your job during the pandemic?

• Move to a different country

• Invest all savings in the stock market

• Take online courses to gain new skills

• Wait for the economy to improve

What resource does Sally Krycek recommend for personal finance beginners?

• Reading only financial newspapers

• Investing in cryptocurrency

• Ellevest's newsletter and magazine

• Attending in-person finance seminars