by Carole Laible, Chief Executive Officer, Domini Social Investments
Human nature often resists change. We struggle with moving from familiar surroundings to new, unknown territories. Yet, when it comes to the greatest single challenge we face today, our resistance to change will surely cause massive, uncontrollable, and unforeseeable changes.
There has been an ongoing debate for just about a century regarding the appropriate role of government in regulating business and finance, and the effect of such regulation on our national economy. In fact, this subject has been hotly contested since the days of Alexander Hamilton and Andrew Jackson, and then Theodore Roosevelt and Woodrow Wilson, and it became the centerpiece of Franklin D. Roosevelt’s New Deal.
By Kathleen McQuiggan, Senior Vice President of Global Women's Strategies for Pax World Management LLC and Managing Director of Pax Ellevate Management LLC
Imagine walking into your first Wall Street job, fresh out of college, ready to take on the world. That was me twenty-five years ago when I boldly entered the world of finance as a sales assistant for two institutional brokers. At the time I knew nothing about investing or client service, but I knew that it was a fantastic opportunity to learn and it was an environment in which I could thrive – so I was all in.
By Amy Domini, founder of Domini Social Investments and partner in The Sustainability Group
As I was working on this article, the old Buffalo Springfield lyrics kept buzzing through my mind. “There's something happening here; what it is ain't exactly clear.” The more I looked at actual research about women as investors, both as investment managers and as persons making decisions about how and where to entrust their savings, a conundrum became apparent. Women are good investors, better than men, but women are not trusted to run portfolios.
How the Transfer of Weaith is Transforming Wall Street
by Lynne Ford, Executive Vice President, Calvert Investments
Three important trends are already changing the asset management industry, and are poised to become even more important in the coming years. First, based on their spending and earning power, women now represent a growth market bigger than those of China and India combined. This reality was identified by Kate Sayre and Michael Silverstein of the Boston Consulting Group in their article “The Female Economy.”
Hollywood hasn't released a notable female-led film set on Wall Street for 27 years. Not since Mike Nichols's 1988 comedy Working Girl—starring Melanie Griffith as a plucky wannabe banker with "a mind for business and a bod for sin"—has a major film focused on a woman navigating the combative, competitive, and outright cutthroat offices at the center of the business world.