She also serves as a thought leader on how to close the diversity gap in wealth management. She understands the importance of bringing diverse talent to the table and is a fierce champion for the advancement of women and people of color within the financial services industry. Carla Harris is one such leader.Īs Vice Chairman, Managing Director and Senior Client Advisor at Morgan Stanley, Carla Harris is responsible for increasing client connectivity and penetration to enhance revenue generation across the firm, and she was appointed by President Barack Obama to chair the National Women’s Business Council in 2013.Īs a Black woman who has navigated the leadership ladder in an industry historically dominated by white males, she is a trailblazer. What do we do about this? How can we rise to the moment to empower women and other underrepresented groups to continue to lean into their work and advance in the workplace, when the stakes have never been higher?įirst, we look to the inspirational leaders among us who are leading the way. This health and economic crisis will inevitably worsen the existing inequities in our systems and disproportionately impact women of color. These numbers are from before COVID-19 hit. White men represent 35% of the US population, but 57% of VP roles. Although they represent 7.4% of the US population, they represent just 1.6% of VP roles. And Black women are much less likely to be promoted. On average, a Black woman in the United States must work more than 220 extra days to earn the same salary as a white man. This is especially true for women of color. They take on the majority of the housework and the childcare, they are less likely to be promoted, and they are still not being paid the same pay for the same work as men. We already know that women are stretched too thin and are often unfairly compensated. The UN warns that we are at a critical moment when the progress of the past two decades could be reversed. As women are forced to take on more, with fewer resources and little support, many are having to make hard decisions about their professional lives. Here is what we know for sure: This crisis has disproportionately impacted women. One changed season has quickly become two, and as we head into fall in the United States, we are still grappling with what this unprecedented health crisis means for all of us. In this series, we unpack one inspiring quote from an exceptional leader who will appear at Linkage’s Virtual Women in Leadership Institute ™ on November 9 – 12, 2020.ĬOVID-19 arrived quickly-and never left.
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