Citigroup Names Fraser as First Female CEO, Succeeding Corbat

The transcript discusses the significant appointment of Jane Fraser as CEO of Citigroup, marking a historic moment in Wall Street as a major bank is led by a woman. It highlights the rapid changes in her career, the ongoing gender disparities in the financial sector, and the broader implications for women aspiring to senior management roles. The discussion also touches on the challenges and the message this sends to the industry about gender equality and the potential for change.

What was Jane Fraser's position at Citigroup before becoming CEO?

• Head of Marketing

• Bank President

• Chief Financial Officer

• Head of European Operations

What does Jane Fraser's appointment as CEO signify for women in the banking industry?

• A decrease in opportunities for women

• An increase in male-dominated roles

• A significant message that leadership roles are attainable

• A minor change with little impact

What term does Citigroup use to describe the pay disparity between men and women?

• The ugly truth

• The gender gap

• The pay divide

• The harsh reality

How many of the top 100 U.S. banks have female CEOs?

• Ten

• Fifteen

• Twenty

• Six

What is Jane Fraser's approach to addressing disparities in the banking industry?

• Focusing solely on profits

• Planning to make changes

• Ignoring the issues

• Maintaining the status quo