Market Overview

Where are the Women on Wall Street? Cultural Obstacles Still Block CEO Posts

Originally published on Fox Business

While the glass ceiling keeping women out of the C-Suite was shattered at blue-chip technology and industrial companies many years ago, it continues to hover over the sharp-elbowed world of Wall Street.

The causes of this unseen barrier to the CEO position remain complex, but insiders point to Wall Street's reluctance to change its aggressive, hard-charging and clubby culture that can stifle rising females.

And even though a number of women have briefly flirted with the highest rungs of the financial world, the prospects do not appear strong that a major Wall Street firm will hire its first female chief executive any time soon.

“I think the cultures have to undergo a tremendous amount of more change before we're going to see a woman CEO of a major financial-services firm,” said Gayle Mattson, who runs the board and CEO practice at executive-search firm DHR International. “I just don't see it happening in the next five years.”

Continue reading this article here.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: General

 

Most Popular

Related Articles ()

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free