Cover story in New York magazine, May 5 2008 issue: THEY FIRED THE MOST POWERFUL WOMAN ON WALL STREET. [http://nymag.com/news/business/46476/]
It's a gripping and troubling account of Zoe Cruz, who on the eve of becoming CEO of Morgan Stanley, was summarily fired by the retiring CEO who had been her mentor.
Reporter Joe Hagan's story is pretty even-handed and instructive. Zoe Cruz is clearly a whale hunter -- doing the biggest deals she could imagine, doing them successfully, and parlaying that success into the likelihood of becoming the first women to head a major Wall Street firm. Then a series of events take her from heir apparent to scapegoat. And make no mistake--it's very relevant to her being a women. Friends and foes alike argue about whether she was too strident or too soft!
Title of the article is Only the Men Survive. We have to change that. Please read this article and then post your comments here--every business woman and our mothers, daughters, and partners need to try to make sense of this one.
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