Fierce Females in Finance Share Tips for Making it in the Banking World
Finance and banking have traditionally been male-dominated fields, but women are breaking through and proving they belong.
Libby Leffler, VP of Membership at SoFi, and Alexandra Taussig, Senior Vice President of Fidelity Investments, were with us to discuss how women can make their way up the ranks in the banking world.
Taussig oversees a team that encourages women to get more financially engaged. She explains the factors holding women back. Taussig said women don't typically consider themselves investors and believe they are too busy. She added that women tend to be less confident than men about investing, despite research that shows women achieve better earnings. "Like Warren Buffett, women tend to buy and hold," said Taussig.
SoFi is focused on making investors feel more confident and educated about investing. Leffler said that female members of SoFi are worried about more than just money. Part of being a SoFi member means you get a career coach, as well as access to 400 plus network events throughout the year. Leffler shared how these events are helping millennials take control of their finances.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
