15 min

1st Female Big Bank CEO Totes Profesh

    • Careers

Citi, the 3rd largest bank in the U.S., announced that Jane Fraser will be the new CEO, making her the first female CEO of a major bank in U.S. history. What an achievement! Is there more to the story? Is this another "glass cliff"?

Show sources:
Emily Flitter and Anupreeta Das, NY Times, Citigroup’s Fraser to Be First Woman to Lead a Big Wall Street Bank (Sept. 10, 2020) David Benoit and Christina Rexrode, WSJ, Citigroup’s Jane Fraser to Succeed Michael Corbat as CEO (Sept. 10, 2020)Hugh Son, CNBC, Citi CEO Michael Corbat to retire next year, Jane Fraser to become first woman CEO of a US megabank (Sept. 10, 2020)Susanne Bruckmüller and Nyla R. Branscombe, HBR, Women End Up on the “Glass Cliff” (Jan. - Feb. 2011)Emily Stewart, Vox, Why struggling companies promote women: the glass cliff, explained (Oct. 31, 2018)Ernst & Young, Which is the bigger issue for women leaders: the glass ceiling or the glass cliff? (Mar. 13, 2019)

Citi, the 3rd largest bank in the U.S., announced that Jane Fraser will be the new CEO, making her the first female CEO of a major bank in U.S. history. What an achievement! Is there more to the story? Is this another "glass cliff"?

Show sources:
Emily Flitter and Anupreeta Das, NY Times, Citigroup’s Fraser to Be First Woman to Lead a Big Wall Street Bank (Sept. 10, 2020) David Benoit and Christina Rexrode, WSJ, Citigroup’s Jane Fraser to Succeed Michael Corbat as CEO (Sept. 10, 2020)Hugh Son, CNBC, Citi CEO Michael Corbat to retire next year, Jane Fraser to become first woman CEO of a US megabank (Sept. 10, 2020)Susanne Bruckmüller and Nyla R. Branscombe, HBR, Women End Up on the “Glass Cliff” (Jan. - Feb. 2011)Emily Stewart, Vox, Why struggling companies promote women: the glass cliff, explained (Oct. 31, 2018)Ernst & Young, Which is the bigger issue for women leaders: the glass ceiling or the glass cliff? (Mar. 13, 2019)

15 min