Sallie Krawcheck, the former executive at Bank of America Corp. and Citigroup Inc., has been nominated to join the board of 2U Inc., the maker of online educational systems that’s planning to go public.
Dascha Polanco, who plays a prisoner in the Netflix show “Orange Is the New Black,” wore a dress with a swatch of blue to the Doe Fund’s gala last night, a nod to the blue uniforms of Doe Fund trainees who clean New York streets.
Sallie Krawcheck, the former Bank of America Corp. and Citigroup Inc. executive, said women haven’t climbed Wall Street’s corporate ranks after the 2008 credit crunch because men tend to hire people like themselves when facing a crisis.
In the clash of the two largest U.S. brokerages, Bank of America Corp.’s Merrill Lynch is generating more profit with fewer people than the business Morgan Stanley formed by buying a controlling stake in a venture with Citigroup Inc.’s Smith Barney.
Just as the New York Philharmonic Opening Night Gala was getting under way, Gary Parr, vice chairman at Lazard Ltd. and chairman of the New York Philharmonic, estimated that his conversations would be 98 percent about music and 2 percent about markets.