Krawcheck, possible SEC head, raises Washington image
Sallie Krawcheck has been quietly raising her profile in Washington. For six months the former executive at Bank of America and Citigroup has been meeting with lawmakers on both sides of the aisle, offering her insights on a variety of issues including "too big to fail banks" and money market fund reform.
Krawcheck, 48, who was ousted from senior jobs by both banks in recent years, had already sought to distance herself from Wall Street "fat cats" through op-eds, social media posts and TV appearances that have positioned her as an investor advocate. It all helps to explain why there has been speculation in the media in recent days that Krawcheck has become a contender to be chairman of the US Securities and Exchange Commission, after last week's announcement that current head Mary Schapiro will soon be stepping down. President Barack Obama named SEC Commissioner Elisse Walter to take over the regulator as chairman designate but he will need to either renominate her next year or find someone else as a permanent replacement.
To some, talk of Krawcheck as a candidate came as a surprise given her background as a former executive at banks that needed to be rescued by the government and her lack of Washington experience.
And one person familiar with her thinking said that Krawcheck's efforts over the past few months were not necessarily intended to position her for a shot at the top SEC job. Rather, after getting fired from Bank of America, Krawcheck decided that whatever
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