Postcards

How the power players do it - by Fortune senior editor at large Patricia Sellers

Where the girls aren't: finance...and are? Healthcare

January 17, 2012: 2:39 PM ET

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.

Posted in:
Fortune's Most Powerful Women
Fortune's Most Powerful Women For the latest on the most influential women in business, philanthropy, government, and the arts, like us on Facebook.
Guest Posts
Fortune Most Powerful Women Fortune Most Powerful Women The rolodex that redefined power
Profile in The Washington Post
Sheryl Sandberg: Sheryl Sandberg: Don't leave before you leave
COO of Facebook
Gina Bianchini Gina Bianchini The Steve Jobs route to building a startup
Founder of Ning and Mightybell
Video
CEO Marissa Mayer on God, family, and Yahoo In her first public interview since taking on the CEO gig at Yahoo, Marissa Mayer outlines her priorities both in and out of the company. Watch
Former Sara Lee CEO on her stunning recovery Brenda Barnes famously quit a big job to be with her kids. Years later, a massive stroke nearly killed her--and her daughter returned the favor. Watch
About This Author
Pattie Sellers
Patricia Sellers
Senior Editor at Large, Fortune
Executive Director of MPW/Live Content, Time Inc.

Fortune senior editor at large Pattie Sellers has written some of Fortune's most talked-about cover stories, including "Marissa Mayer: Ready to Rumble at Yahoo," "Oprah's Next Act," "Can Meg Whitman Save California?" "The $100 Billion Woman" (Melinda Gates), and "Remodeling Martha" (Martha Stewart). She has helped oversee Fortune's "Most Powerful Women in Business" package every year since its launch in 1998. Pattie is Executive Director of the Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business and beyond. She oversees MPW programs that enable women leaders to extend their influence and empower the next generation—such as Fortune MPW Entrepreneurs and the Fortune-U.S. State Department Global Women Leaders Mentoring Partnership. Beyond her Fortune duties, she is also developing Live Content across Time Inc. Pattie grew up in Allentown, PA, graduated from the University of Virginia, and started at Fortune in 1984. Her blog, Postcards, is about how power players lead, manage others, and navigate their careers.

Email Pattie Sellers | Welcome to Postcards.
Subscribe: RSS feed | email newsletter
MPWomen go Global

The Fortune/U.S. State Department Global Women Leaders Mentoring Partnership brings rising-star women from countries around the world to the U.S. for three-week mentorships with participants of the annual Fortune Most Powerful Women Summit - among them Ursula Burns of Xerox, Laura Lang of Time Inc., Marissa Mayer of Yahoo, and Tory Burch.

Read more

Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.