Former Merrill Lynch CEO Sallie Krawcheck who has been making headlines in the recent past for raising $34 million for her digital investing platform for women, has credited her mother for giving the best financial advice.
Former Merrill Lynch CEO Sallie Krawcheck who has been making headlines in the recent past for raising $34 million for her digital investing platform for women, has credited her mother for giving the best financial advice. In an interview with The M Dash, Krawcheck said that her best advice didn’t come from someone in the finance world. “The best career advice I ever got, would you believe it, came from my mother, who never worked a day outside the home in her life,” she said.
Krawcheck’s mother was a stay-at-home mom, basically a housewife. Further narrating an incident, Krawcheck said, “I had just had my second child, a little girl, and my mother came up to visit. I was a research analyst at Sanford Bernstein, and we sat outside a restaurant and I started to cry. I said, I’ve got a toddler, I’ve got a baby, I’ve got a job, I’ve got a husband, I can’t sleep, we’re not sleeping, I’m so tired, I don’t know if I can do this.”
Krawcheck then revealed the golden words that she believes were the best career advice ever that she got. She said, “My mother turned to me, and said in that way only mothers can, Well of course you can! You’re just going to be tired for a while. And I thought, ‘Oh! Okay! Of course I can do this, I’m just going to be tired for a while.”
The 52-year old women entrepreneur, further in her interview said that when her children were young, she felt the pressure of the ‘mommy wars’ and realised that she was a mediocre mother all the way through. However, she believed that everyone has to make their own choices between careers and parenthood. When asked about how did she make the decision, she said, “Who gives a damn?. Just get over it. Just live and let live.”
At a time when getting an investment is not a cakewalk, the former Wall Street veteran has bagged a massive investment in a fresh round of funding for her 3-year-old platform called Ellevest – a company that tailors investments to the realities of women’s careers.