Sep 22 2020 15 mins
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)