News

Woman Who Could Have Been CEO Of Wall Street Bank Settles For Helping Mutual Fund Company Put Out Self-Congratulatory Press Release

John Mack is powerless to stop Cruz Missile 2.0.

FTSE 100 fund manager Old Mutual scored a double whammy this morning, adding Zoe Cruz, once the most powerful woman on Wall Street, as a non-executive director in a move that means its board is now 30% female….

A spokesman for Old Mutual said: “With the appointments of Zoe and also Adiba Ighodaro, women now compose more than 30 per cent of our plc board.”

A group of chairman at the U.K.’s biggest companies, including Old Mutual, are backing an initiative, called the 30% Club, to bring more women into the U.K. boardroom. They want to achieve 30% female representation on FTSE boards by 2015. On average, FTSE-100 companies have 19.3% female representation on their boards.

Old Mutual Adds Zoe Cruz to the Board [WSJ MoneyBeat blog]

6 comments
(hidden for your protection)
Show all comments

6 Responses to “Woman Who Could Have Been CEO Of Wall Street Bank Settles For Helping Mutual Fund Company Put Out Self-Congratulatory Press Release”

  1. Joke Briefer says:

    Three words: "Black Entertainment Television", period!
    Where are all the Jewish Comedians knocking down that door?
    Where are the East Asian Comedians?
    And that Obama guy — wasn't he in a movie called "Liar, Liar?"
    Another black president? I don't think so

  2. Guestido says:

    Woops, clicked in here by mistake. Welp, since I'm here already…

    Hey Shazar, you suck! Ya jackass!

  3. Chauvinist Troll says:

    Old Mutual's BBRG bond ticker is OLDMUT, pronounced "Old Mutt." Today, seems appropriate.

  4. Lyem says:

    Beyond any doubt, liberalism is a mental disorder; why else would people act in a manner contrary to their own best interests? They are indoctrinated to the point where their own self destruction is viewed as a positive attribute.

    • Guest says:

      Wow, I mean having women on the Board can't be great for business, but self destruction? Someone's mom spanked them growing up…

  5. Non Exec says:

    " Who could of been? " Female NED's are growing in number. And it is great to see the growth of diversity in today's industry. Women can show leadership just the same way male roles can. However, "Non-executive roles aren't for everybody," according to Ruby McGregor-Smith, the chief executive of FTSE 250 outsourcing firm Mitie. "A non-executive role can be quite regulatory, it doesn't suit all people," That statement coming from a female doesn't show much optimism for herself.