Why A Woman's Network? Why Now?

May 31, 2013

Filed Under: Professional Women, Your Career, your career

By Sallie Krawcheck | Posted May 15, 2013

I am investing in 85 Broads, the 30,000-strong professional women’s network founded by the well-before-her-time Janet Hanson.

Illustration: Zack Blanton/Vetta/Getty Images

For most of my career, I tried to avoid the topic of being a woman in business, vaguely concerned that talking too much about it would hold me back in some way. My standard response: “Oh gosh, I never really think about being a woman in business. I’m just focused on getting the job done.”

But I’ve been thinking about it over the past year…..a lot.

And it’s not just because of the fairness issue, important though that is. It’s because the research and business case for the economic advancement of women is so compelling, in a world deeply in need of greater economic prosperity.

This holds at the country level, where the increased participation of women moderates the political process and paves the way for a healthier economy. And it is true at the business level, where companies with greater diversity in senior management have higher returns, lower volatility, more innovation, greater customer focus, better stockholder returns and lower gender pay disparity.

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