Lisa Suennen is one of the few big-deal venture capitalists in health care. Not that this distinction makes her happy or proud.
Suennen, whose Psilos Group has $577 million under management, would rather see more of her kind in her industry, as she wrote today in a Guest Post on my colleague Dan Primack's Term Sheet. Attending JPMorgan's Healthcare Conference last week in San Francisco, Suennen noticed that only about 10% of the attendees were women. Meanwhile, the lineup of healthcare execs presenting at the confab was not so distressingly, dominantly male.
What gives? Suennen's observation is more evidence that finance is an increasingly dangerous and ever less desirable place for women. While one of JPMorgan Chase's (JPM) own, asset management chief Mary Erdoes, is the highest-ranking woman in banking, at No. 24 on Fortune's Most Powerful Women list, the truth is that more women have lost big jobs in banking (and fallen off our list) than in any other industry. Bank of America's (BAC) Sallie Krawcheck and Barbara Desoer are just two of the high-profile casualties.
Healthcare, meanwhile, is a relative land of opportunity. And Fortune's MPW list illustrates this. The 2011 rankings include WellPoint chief (WLP) Angela Braly, at N0. 5 in the rankings, and Johnson & Johnson's (JNJ) Sheri McCoy at No. 10. McCoy is a candidate to be J&J's next CEO. Also moving up our latest rankings: GlaxoSmithKline's (GSK) Deirdre Connelly and UnitedHealth Group's (UNH) Gail Boudreaux.
Good news that women in healthcare are gaining ground. But if more women in finance could help them do their deals and build their businesses, I bet the pipeline of up-and-coming talent would be fuller than it is.
by Patricia Sellers
JPMorgan Chase (JPM) CEO Jamie Dimon is getting plenty of practice handling protesters lately. "Stop the loan sharks" read the T-shirts worn by some protesters hovering outside the company's annual meeting this morning.
Dimon assuaged the shareholders--he predicted a rise in the dividend to 30-40% of earnings "later this year or early next year" if U.S. unemployment goes down and credit improves.
The crowd was tougher, potentially, this past Sunday MOREPatricia Sellers - May 18, 2010 3:09 PM ET
Two surprising additions to the top 10 of the new Fortune 500, out today: Bank of America (BAC) at No. 5 and JPMorgan Chase (JPM) at No. 9.
That's evidence that the financial crisis has made the big banks bigger--and amidst consolidation, the survivors mightier. Goldman Sachs (GS), No. 39 measured by revenues, ranks sixth on the 500 in terms of profitability. Last year, Goldman earned a stunning $13.4 billion on MOREPatricia Sellers - Apr 15, 2010 12:35 PM ET
by Patricia Sellers
It's an important next couple of days for JPMorgan Chase (JPM).
The company reports earnings tomorrow morning.
And on Thursday morning, we'll see how far the $100 billion bank--yes, that's how big, in terms of annual revenues, JPMorgan has grown through the financial crisis--has surged up the Fortune 500.
I know. But I can't tell you. Watch for the Fortune 500's release at 7:30 a.m. Thursday.
So, it's a good moment to MOREPatricia Sellers - Apr 13, 2010 12:57 PM ET
Are the populists taking over the world?
One rabble-rouser, Arianna Huffington, has concocted a remarkable stunt, which she calls the Move Your Money Project, to rally consumers to transfer their deposits from big banks to small community banks across the U.S. Alas, there's no run yet on Citigroup (C), JPMorgan Chase (JPM), Bank of America (BAC), or Wells Fargo (WFC). But the Move your Money campaign--which the blog queen dreamed up MOREPatricia Sellers - Jan 8, 2010 12:47 PM ET
by Patricia Sellers
Ted Dimon Sr. started a new job yesterday.
Not just any job. Formerly a broker at Merrill Lynch, Dimon joined the brokerage unit of JPMorgan Chase (JPM). His son happens to be CEO of the parent company.
Word is, Jamie Dimon steered clear of the deal to hire his 78-year-old dad, who arrived with five other Merrill brokers in tow. According to people close to father and son, Ted MOREPatricia Sellers - Nov 10, 2009 12:10 PM ET
So now we have evidence that Goldman Sach's (GS) Lloyd Blankfein and JPMorgan Chase's (JPM) Jamie Dimon are the rock-star CEOs in financial services. Two days after Goldman announced blowout quarterly profits, JPMorgan soundly beat the Street today.
Investors predicted it. JPM's stock is flat today, trading around $36--that's evidence enough. But one thing few investors knew is that Dimon spent a month, until July 2, in Asia--confident enough, obviously, to MOREPatricia Sellers - Jul 16, 2009 3:52 PM ET
This is a short post on a Friday to close an inspiring week. I told you about going to the Time 100 gala on Tuesday evening. What a high. The biggest names there were influential women, starting with Oprah, who wrote the piece about Michelle Obama in the Time 100 issue. At the dinner, the First Lady talked about social entrepreneurship and the best-of-breed innovators, like Donors Choose, whom we MOREPatricia Sellers - May 8, 2009 3:59 PM ET
"We will hold ourselves accountable for what we do, and that starts with me."
-- Citigroup (C) CEO Vikram Pandit testifying before Congress on Wednesday. The heads of eight of the nation's top banks, which have collectively received $165 billion in government rescue funds, appeared together before the House Financial Services Committee to explain what they've done with the money so far.
The CEOs—including Goldman Sach's (GS) Lloyd Blankfein, Wells Fargo's (WFC) MOREJessica Shambora, Writer-Reporter - Feb 11, 2009 7:06 PM ET
Such wrath! Readers' comments on Friday's post about Bob Rubin were angrier than I ever expected. A half-dozen commenters suggested that the onetime U.S. Treasury Secretary, whose reputation collapsed along with the fortunes of Citigroup (C), should go to jail for bungling the job that he's now leaving. On the one hand, I'm tempted to say: Calm down! There's no evidence - not a whiff - that Rubin did anything MOREPatricia Sellers - Jan 12, 2009 2:28 PM ET
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