It's not an exaggeration to say most of America's financial sector is run by men. In the securities and investment banking industries, men hold more than 80 percent of executive positions. And women hold only 17 percent of the board seats on Fortune 500 companies.
Sallie Krawcheck bucked the odds.
As former president of global wealth and investment management for Bank of America, she oversaw more than $2 trillion in assets. But corporate turnovers and personnel changes got her unceremoniously pushed out.
Wall Street lost one of its few women at the top when Krawcheck left, but she's not the only one. During the economic downturn, women lost finance jobs in greater numbers than men. And before that, women had been leaving the financial sector for several years.
Krawcheck is now on a mission to bring those numbers up. Last year, she took charge of 85 Broads, a women's network that's grown to include more than 30,000 members.
As part of Morning Edition's look at The Changing Lives of Women, Krawcheck tells David Greene about her new venture and urges women to negotiate more aggressively.