Sponsors vs. Mentors
Sallie L. Krawcheck, a Wall Street star -- as well as a casualty, offers her honest perspective on why so few women make it to the top. In the NYT "Dealb%k" Special Section on 4/3/13, she asserted that very successful people have sponsors. She credits Sylvia Hewlett at the Center for Talent Innovation for advancing this concept.
Sheryl Sandberg had Larry Summers, who "pulled her along." Sallie had Chuck Cahn at Sanford C. Bernstein & Co., as well as Sandy Weill at Citigroup. Proactive sponsors help people get visible assignments and promotions, vs. coaching from the sidelines.
I think women will know we've made progress when we are the ones pulling others along. In the same Special Section, Irene Dorner, chief executive of HSBC USA reflects that it wasn't unti she was 50 that she was in a position to champion organizational change regarding women. She urges the next generation of senior middle-management women to stand up and be counted earlier in the game.
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