Irene Dorner blames herself — and her female colleagues — for the lack of women on Wall Street.
As the chief executive of HSBC USA, Ms. Dorner, 58, is one of the few women to have breached the upper levels of finance. But along the way, Ms. Dorner said, she didn’t push hard enough to change the “status quo” on male-dominated trading floors and executive suites. Rather, she said, she kept her head down, focusing on her own career.
“The women at the top of organizations that I know will tell you that we think that we’ve made it because we were born the way we are and can play by these rules without feeling damaged by them,” Ms. Dorner said. “Or, we’ve learned how to play by these rules and use them to our own advantage.”
“I suspect that we were simply not very good role models,” she added. “And there aren’t enough of us to be visible so that people can work out how to do what we did.”
Ms. Dorner and her peers in the upper echelons — like Ruth Porat at Morgan Stanley, Joan S. Solotar of the Blackstone Group, Edith W. Cooper of Goldman Sachs and Cecelia Stewart ofCitigroup — are the latest generation of women making it in a man’s world. Read the complete NY TImes DealB%k article by Andrew Ross Sorkin.