Behind Her Empire Podcast: Sallie Krawcheck Wants Women To Feel Empowered To Invest

On today's episode of Behind Her Empire, meet Sallie Krawcheck, the CEO and co-founder of Ellevest. Her company is an investment platform focused on narrowing the gender gap and creating a space for women in finance.

Krawcheck wants to put money "in the hands of women" with her fund, and she's well on her way. Ellevest, which launched in 2016, recently announced it has $1 billion under management.


Before starting her own company, Krawcheck was a top dog on Wall Street. She was a CEO of Merrill Lynch, Smith Barney, US Trust Cities Private Bank and Sanford Bernstein. She was also the CFO of Citigroup. Previously, Krawcheck was a top-ranked research analyst covering the securities industry. She's widely recognized as one of the most influential women in business and has been recognized by INC Magazine as a top female founder. She's also been called "the last honest analyst" by Fortune magazine and was named the seventh most powerful woman in the world by Forbes.

In this episode, Krawcheck discusses how directors in Wall Street turned her down because she was a mother, how she was continually underestimated by men, how she dealt with two public firings, and what inspired her to start Ellevest. She also touches on how women should invest, and why talking about money is the first step to eliminating pay disparities.

"The director of research at Smith Barney turned me down and was polite enough to call me and tell me why. He said, '...We found out you have a baby at home, so we don't think you work very hard.' And I'm like, 'all right'. Years later, I fired him when he worked for me because he didn't work very hard." — Sallie Krawcheck

Sallie Krawcheck is the co-founder and CEO of Ellevest, an investment platform designed for women, by women.


Want to hear more of the Behind Her Empire podcast? Subscribe on Stitcher, Apple Podcasts, Spotify, iHeart Radio or wherever you get your podcasts.

Subscribe to our newsletter to catch every headline.

Netflix's dominance in a crowded streaming market may be showing signs of waning, but chief executive Reed Hastings isn't worried about Disney Plus or any of the other streaming services nipping at its heels.

"Our largest competitor for TV viewing time is linear TV," Hastings said on Tuesday's earnings call. "Our second largest is YouTube, which is considerably larger than Netflix in viewing time. And Disney's considerably smaller."

Read more Show less

Santa Monica-based business-to-business music licensing marketplace Songtradr is diving deeper into livestreaming with its acquisition of Pretzel, a Washington-based startup.

Pretzel focuses on licensing music to livestreamers on Twitch, Youtube and other platforms where gamers and influencers have flocked during the pandemic, often setting their live videos to music. According to Twitch representative Samantha Faught, the total number of streamers making money on its platform doubled in 2020 from a previous all-time high in 2019.

Read more Show less

Los Angeles startup PeaTos brands its products as an alternative to "junk food" like Cheetos and it just nabbed a former executive from competitor Frito-Lay, maker of the neon orange puffy chip.

Read more Show less
RELATEDEDITOR'S PICKS

Trending