Krawcheck: Women Caught on Wall Street's 'Glass Cliff'

The video discusses Erin Callan's experience during the financial crisis and her new book. It introduces the concept of the 'glass cliff,' where women are often placed in leadership roles during crises. The benefits of women-led companies are highlighted, supported by research showing higher returns and innovation. The importance of diversity in teams and the growing excellence of women in STEM fields are also emphasized.

What is the 'glass cliff' concept in the context of women in business?

• A strategy to promote women in stable companies

• A term for women leaving the workforce voluntarily

• A barrier preventing women from reaching top positions

• A situation where women are given leadership roles during a crisis

What significant step has Erin Callan taken to share her experiences?

• She became a motivational speaker

• She wrote a book about her experiences

• She started a new financial firm

• She launched a women's leadership program

What does research suggest about companies led by a high proportion of women?

• They struggle with long-term focus

• They face higher financial risks

• They have lower innovation rates

• They achieve higher returns on equity

What has been the trend in diversity on Wall Street over the past decade?

• Regression in many instances

• No change

• Significant improvement

• Slight improvement

What is emphasized as crucial for effective decision-making in teams?

• Having a team of all point guards

• Diversity in backgrounds and perspectives

• Focusing solely on financial metrics

• Relying on traditional management styles