The Shakespearean quote “Frailty, thy name is woman” may not resonate well in today’s world. Defying odds and stereotypes, women have risen to the occasion, making a mark in whichever field they are engaging in. Wall Street is no exception, where women have forayed, found success and flourished.
Benzinga profiled some of the milestone achievements of women on Wall Street to commemorate the International Women’s Day, which is observed on March 8.
1. Crackdown On Insider Trading
Protagonist: Mary Shapiro was the SEC Chair between January 2009 and December 2012. According to a Time article, during Shaprio’s tenure, the SEC had brought more insider trading cases than it did during any other three-year period in its history.
2. Visionary Leadership Transformed Xerox
Protagonist: Ursula Burns, the first African-American to head a S&P 500 company, helped transform Xerox Corp XRX 0.49% into a document processing and business process outsourcing company from merely a paper copier company. The company was splintered recently, the Remainco retaining the name of Xerox and the business process outsourcing company named Conduent Inc CNDT 0.57%.
3. Restoring Confidence In Financial Institutions Post-2008 Crisis
Protagonist: Sheila Blair, who served as Chair of the Federal Deposit Insurance Corporation between June 2006 and July 2011. Blair played a prominent role in the government’s response to the 2008 financial crisis. Her initiatives helped bolster public confidence and achievement of system stability that resulted in no runs on bank deposits