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Sallie Krawcheck
@SallieKrawcheck
CEO and co-founder . Past head of Merrill Lynch & Smith Barney, CFO of Citi, research analyst. Rabid UNC basketball fan. Author of Own It. Mom.
ellevest.comJoined August 2011

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Reproductive rights — which are at stake in multiple state races. Abortion bans and related reproductive restrictions cost state and local economies $105 billion annually, by reducing affected people’s ability to participate in the workforce.
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Historically, the health of the economy (including inflation) has had very little correlation with whoever is leading the country. You know what *is* influenced by who’s in office? And what *does* impact the economy? Reproductive rights. 🧵
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It’s 9 to 5, or 8 to 6, or 10 to 9. It’s in-person, or, sometimes now, on Zoom. It’s where mostly-male CEOs push for return-to-office … complete with soul-destroying commutes, freezing office temperatures, and unequal distribution of “office housekeeping” among the genders.
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I have real mixed emotions around these things. I love seeing women recognized for their successes. But rankings like these remind us that, as Gloria Steinem said: “The person with the power takes the noun — and the norm — while the less powerful requires an adjective.”
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Awards season is upon us, and not just in Hollywood. For some reason, last week was the unofficial “let’s recognize women” week. And that means lists galore. Fortune’s “Most Powerful Women.” Inc. Magazine’s “Female Founders 100.” Entrepreneur Magazine’s “100 Women of Influence.”
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Men are CEOs. Women are “women CEOs.” Men are doctors. Women are “women doctors.” Men are lawyers. Women are “women lawyers.” We’re still rare enough, notable enough, unusual enough in positions of power that we need our own special magazine rankings.
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How are women reacting to this rapidly shifting landscape? They’re sending their resumes out. That’s right: A full 55% are looking for a new job. And 38% report that they are saving money so they can leave their job. Women can’t afford to stay where they don’t have support. 🤷🏼‍♀️
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Women report that they want to work at companies whose values align with theirs: 44% of women say they'd look to leave an employer whose views on reproductive rights do not align with their own. 👋🏼 That goes for 56% of millennial women, 53% of Latinas, and 45% of Black women.
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He was relieved because the provisions were in place, yes. But also because it meant his company didn't have to take action in those immediately post-Roe days. Instead of having to “make a statement,” they could keep their head down and not risk “becoming part of the story.” 🥴
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Remaining silent on reproductive rights isn't a bullet dodged for employers, but rather a cost postponed. Let me explain: This summer, I was at a gathering in the weeks after the striking down of Roe v. Wade with a senior exec from one of the country’s largest corporations. 🧵
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