New York stock exchange has its first female leader in 226-year history

  • United States
  • 02/01/2019
  • The Guardian

Stacey Cunningham’s appointment as NYSE president raises hopes that the glass ceiling has finally cracked on Wall Street

Edward Helmore in New York

Fri 25 May 2018 11.00 BST Last modified on Fri 25 May 2018 22.00 BST This article is over 8 months old
9.906 Stacey Cunningham, standing in the Stock Exchange on 22 May, joined the NYSE as a summer intern 24 years ago. Stacey Cunningham, standing in the NYSE on 22 May, began her career there as a summer intern 24 years ago. Photograph: Brendan Mcdermid/Reuters
Stacey Cunningham, who began her career as a summer intern on the New York stock exchange 24 years ago, will become the first woman to head the 226-year-old financial market on Friday, an appointment that raises hopes that the glass ceiling may have finally cracked on Wall Street.

But has it? Cunningham takes up the position as the financial services sector is struggling to show it has moved beyond the cliches of Wall Street’s sexist culture.

Little epitomized Wall Street better than the pre-digitized NYSE – at the time the now 43-year-old Cunningham joined she was one of just three dozen women among more than 1,000 men.

When she first arrived, Cunningham recalled last year, the women’s restroom on the seventh floor was inside an old phone booth. Men, she said, had a “palatial” bathroom next door with couches and a full-time attendant. (continue)

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