pamflaherty

by Pamela Weinsaft (New York City)

 

At the age of 21, Pam Flaherty, President of Citi Foundation, was well on her way to achieving her childhood dream of becoming an ambassador. While waiting to get called up into a Foreign Service Officer class, she was accepted into the M.A. program in International Relations at the Johns Hopkins School of Advanced International Studies. It was there that she learned more about the realities of life in the Foreign Service and decided, for a variety of reasons, that “it was not the way [she] wanted to go.”

 

Fluent in Arabic and French and still enamored with all things international, she obtained a position as an assistant to a very senior international monetary advisor at Citi in New York. She explained, “Citi [was a good fit because it] is a global company and was very receptive to people with odd kinds of backgrounds.  I started out by doing economic research, which I knew a fair amount about [because economics was a heavy part of the requirements at John Hopkins].  But, from the moment I got here, I realized I was more intrigued by the business environment and solving business problems than by the research I was doing.”

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janice_chaffin1By Tina Vasquez (Los Angeles) 

Janice Chaffin, Consumer Business Unit President at security giant Symantec, knows a little something about hard work.  She got her first job at the very young age of fourteen, working her way up over time from cleaning person to receptionist in a doctor’s office.

Once in college at the University of California, San Diego, Chaffin took any job that came her way, including dishwashing, bookkeeping, acting as a Spanish-speaking tour guide at Disney World, and working as a medical school admissions office staffer, just to name a few. “Whatever I wound up becoming, I always knew I would work hard to achieve what I wanted, no matter what,” Chaffin said.

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Lynne DoughtieLynne Doughtie, KPMG’s National Managing Partner for Advisory Services, had one goal when she entered the firm upon graduating with an accounting degree from Virginia Tech: she wanted to be an audit partner serving banking clients out of KPMG’s Richmond office.  But, ten years out, due to a major consolidation effort going on within the banking industry, that goal was becoming more elusive each day.  “That was a really difficult time for me because, within a two-year time period, one after the other, my banking clients were disappearing.  So by the time I was ready to get promoted to partner, I had no clients. That was a huge crossroads for me.” 

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The Glass Hammer Managing Editor Pamela Weinsaft recently spoke with attorney Kit Chaskin about Chaskin’s path from acting to the legal profession, her thoughts on tackling barriers to the advancement for women in law, and the importance of having a long-term vision for one’s career.

chaskin2cc_3001“I’m a third generation lawyer.  My grandfather hung out a shingle in 1929 and built a small firm in Cleveland, Ohio, which my father joined when he graduated from law school.  We always joked that we used the Socratic Method at our dinner table.  Being a lawyer was very much a part of the fabric of our lives,” said Kit Chaskin, a partner in the Insurance Recovery Group at international law firm Reed Smith and the director of the Women’s Initiative of Reed Smith.

Despite the virtual apprenticeship at an early age, she first pursued a career as an actress.  When she was ready to settle down and find a more financially rewarding career, the law was an obvious choice.  But she knew from day one that she wanted to have a life outside of law. “The fact that I had been out on a totally different career path put some perspective on law school.  I was more of a go-getter because it was such a privilege to be in law school and I appreciated the opportunity.  On the other hand, I had a life and I was already married.  I knew I was not going to put my life on hold until I made partner, which was the prevailing strategy for most of the women I went to law school with.   Read more

As part of our on going Voices of Experience series, contributing writer Jessica Titlebaum spoke with this top-ranking executive woman from MexDer on her career in derivatives and balancing work and life.

foto_bere1While studying at the Universidad Panamericana, in Mexico City, Berenice Corral harbored dreams of being an executive woman working for the Mexican Stock Exchange, the owner of Mexican Derivatives Exchange (MexDer), but never imagined those dreams would ultimately come true.  Corral had to overcome many challenges on the path to success, including her very difficult financial engineering classes at university.  

After graduating with a degree in business and finance, Corral joined Scotia Bank Inverlat, a global brokerage house in Mexico.  She was responsible for developing an international procedural manual and supervised every transaction that took place from their New York office.  While at Inverlat, Corral never gave up on her goal of working at the Mexican Stock Exchange.  So when, about a year later, she was offered the opportunity to work in the Exchange’s market development department, she jumped at the chance. 

From there, she moved into a role at SIF ICAP, a joint venture between the Mexican Stock Exchange and ICAP, where she was responsible for developing new products including a fixed income trading platform very similar to the Mexican Stock Exchange’s electronic equity system. 

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As part of our on going Voices of Experience series, The Glass Hammer’s managing editor Pamela Weinsaft spoke with this powerful woman leader from KPMG on her climb to the top, barriers to and her passion for championing women in the industry.

anand_kapila1As a computer science major at Michigan State, Kapila Anand took an accounting course because she needed something to help bring up her grades.  And the rest, as they say, is history. 

Ms. Anand, who is now the National Partner-in-Charge, Public Policy Business Initiatives at KPMG, said “I enjoyed accounting, kept taking classes and ultimately got an internship which was very lucrative—much more than a computer science internship would’ve been—and decided I liked it as a career.” She continued to work throughout college, going from internship to internship.  Since all the internships were in accounting, she ended up earning both her undergraduate and master’s degrees in accounting in just 5 ½ years.

When she moved to Chicago, she was offered an opportunity to join KPMG. Within six months from her start in the audit practice she became a specialist in real estate and hospitality.  She explained: “For my very first job at KPMG, I worked for a partner on a particular engagement.  The next engagement did not have a senior associate assigned and, since he thought we were a good team, he asked if I had interest in real estate and hospitality. The more I thought about it the more I realized that the industry fit well with my personality as I am an entrepreneur at heart. I love working with people and clients in real estate and hospitality because they have great people skills.  It seemed like a great match.  After that, I moved very quickly up into the supervising senior ranks so I was managing people by the end of my first year. I had my opportunity and I grabbed it.”

She continued to rise up in the ranks in the audit practice over the next ten years, ultimately becoming the first woman in the country from the Real Estate and Hospitality sector to be named a partner.   But she still had more she wanted to do. “In public accounting at the time, your primary  goal  was to make partner. But once I got to be partner, I asked myself, ‘ok now I made this, now what?’  My own goals were to work in areas in which I would continue to learn because it was almost like if I stopped learning—if I did the same thing over and over again—I just knew that it wouldn’t be exciting and that at some point in time I’d have to move on to something else.”

In addition to the audit work, she began to take on the “lead partner” role, acting as an account executive responsible for developing client relationships and client delivery teams. “That kept me going for a few years, until 2000, when I realized there was an opportunity to take a little bit of a risk and work in our advisory practice. And, so, within real estate/hospitality, I moved from the audit practice into the advisory side of our business.”   The move raised a few eyebrows.  “My husband said to me, ‘You have this great responsibility and you love it, why would you go into something else?’ And I said, ‘It just will keep me on my toes.”

She explained: “I’ve never wanted to just get comfortable with what I’m doing.  I am  always looking for the opportunity to help me grow.  All my people laugh because I’m always telling them, ‘If you’re not growing, you get stale.’” 

She credits KPMG for providing her with continuous opportunities to grow. “I was selected to be in a leadership development program.  It was very pivotal for me: being selected for the leadership class and selected to network with some of the great people in leadership today in our firm…That particular leadership class was important for me in that it was the leadership forum that came up with the work-life work environment initiative, which also became the KPMG network of women.”

Anand champions the women’s network because she remembers the challenges she faced at the beginning of her career. “When I started in the profession, there were so few women.  People would tease us if we were sitting next to each other. Now if someone says anything like that, all the women go sit next to each other just to make a point.  A bit of the revolutionary side of me coming out,” she laughed, “But, at the time, each of us as women, would do our best to network only with men. We weren’t networking with each other. I  focus on networking with men and women now.” 

Despite past challenges, Anand, who has been sitting on KPMG’s Board of Directors since 2005, doesn’t believe there are permanent barriers to women in the profession, adding that it’s often the women that hold themselves back.  “There are always going to be some barriers but they are not necessarily permanent.  I think that my Board representation is an example of a position that I would have not have even thought to aspire to it until one of my mentors said that I’d be a great board member and that I should throw my hat in the ring, And I sort of looked at him like ‘who are you talking to?’ 

She continued, “I will tell you that if you had asked me years ago, I would have said that it is not something I’m qualified to do.  So I think that the barriers may often be self created.”

Almost two years ago, Anand threw her hat in the ring again, this time to help build and lead the private equity practice. “And as my husband said, ‘You saw a cliff and jumped right off it.’  But luckily I had a parachute: the people around me, both in and outside of the firm [to whom I turned to get up to speed and get contacts.]  My career successes all go back to networking and mentors.”

She does point to two factors—work-life balance and a lack of female role models—that are challenges for women, albeit surmountable ones. “When I look at the women I surround myself with, I still think work-life balance is a challenge in a client service business.  But there are a number of support systems that are  in the firm today that weren’t there five years ago, so it is becoming easier.”  She continued, “I also think one challenge still exists: there aren’t as many female role models in leadership as one would want to see.  So that’s why I belong to a women corporate directors group.  Even there we talk about how to get out and make sure that other women see us in the roles.  It is just so important for other women to be able to see us and say ‘if she can do it, I can do it.’” 

As for where she sees herself in the future, she said that while she tries not to put up any barriers, she does have certain criteria that must be met.  “There are some things a new job must offer,” said Anand,  “It has to be challenging. I must be able to continue to grow. And I need to continue to be able to give back by developing and mentoring people.  But I love what I do today and if I’m still doing it five years from now I’d be ok with that.”

 pat_new_headshot1As part of its ongoing Voices of Experience series, contributing writer Andrea Newell spoke with Patricia Elizondo, an executive woman with Fortune 500 company  Xerox Corporation, about her work philosophy, career path and advice for women climbing the corporate ladder.

“Luck is where hard work meets preparation and opportunity,” says Patricia Elizondo, Senior Vice President of Xerox Corporation. Her career certainly proves this axiom. One of six children, Patricia was raised by practical parents who believed in education and urged their children to enter a field of study where there were good opportunities for employment and develop solid business skills. “I have been able to type 60 words per minute since the 6th grade,” Elizondo says. “My father always wanted me to have something to fall back on.”

Elizondo studied Finance at Indiana University’s Kelley School of Business. She started her career in banking during a summer job at the Indiana University Credit Union, where she learned about the consumer side of banking, then moved on to retail banking at American Fletcher Bank after graduation. “That experience gave me a great sense of the value of servicing customers. If you treat customers with respect, meet their requirements and exceed their expectations—you can grow relationships that are extremely valuable to the company you work for,” says Elizondo. “Although times have changed and now we do most of our business over email or on the phone—I think there is absolutely no substitute for a face-to-face relationship.” In addition to customer service skills, her early days in banking taught her about operations excellence and transparency, along with control systems and audits. It was this collection of skills and experience that led to Xerox recruiting her out of banking.

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shannonschuyler_pwc1by Pamela Weinsaft (New York City)

While studying at the University of Michigan, Shannon Schuyler, Managing Director of Corporate Responsibility at PricewaterhouseCoopers, had hopes of one day becoming a sportscaster. She would never have predicted that she would end up spearheading the Corporate Responsibility (CR) effort for one of the world’s largest professional services firms.   Then again, this is a woman who once taught English to inmates at a maximum security prison in Michigan for college credit in lieu of classes, and who has built a successful career around taking the uncharted path.

Upon graduation, Schuyler headed to southern France, where she intended to pursue a variety of interests, including teaching gymnastics and the further development of her already-formidable horseback riding skills. 

Then, tragedy struck.  Schuyler’s mother became seriously ill, and she immediately returned to the United States.  After her mother passed away, Schuyler decided to stay closer to home and found a job in Chicago working as an executive recruiter placing senior level actuaries in insurance and professional services organizations, including PwC legacy firm Coopers and Lybrand.   There she learned of a senior campus recruiting position with the firm.  She got the job and is still with PwC, now 13 years later.

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shellye_archambeau_ceo_metricstream_pc_photo_courtesy_of_metricstream1by Heather Cassell (San Francisco)

Shellye Archambeau, chief executive officer of MetricStream, a market leader in quality governance, risk, and compliance process and management solutions for diverse multi-national corporations, always knew she wanted to run a company.

More than 20 years experience in the technology industry, Archambeau is one of the few African American women leading the way in government compliance software, but it’s no mistake she’s where she is today.

“I’m a big believer in planning,” says Archambeau, 46, pointing out that many people believe that by working hard they will achieve their goals, but “unfortunately it just doesn’t always work that way. For some people it happens, but if you just look at the odds the odds are actually against you.”

“So, therefore you have to do things that increase your odds and for me that was planning,” Archambeau continues.

With her focus on running a company and her interest in technology in the early 1980s, Archambeau set off after the commencement of her tenure at the University of Pennsylvania, Wharton School of Business to run IBM.

“At 22 years old you are naive enough to be so big and bold,” says Archambeau laughing. “So, that’s what I did.”

Like many of the technology behemoth’s CEOs that she studied, she started her 15 year career on IBM’s sales floor, but she immediately differentiated herself from her collogues broadening her experience by utilizing her marketing degree. Keeping her focus she identified and achieved goals, such as obtaining a profit and loss position and eventually an overseas assignment, in spite of obstacles by making the “right decisions” to stay on her timeline.

“It wasn’t anything that was written down or part of a development plan,” says Archambeau about her path to becoming an IBM executive and ultimately the first African American woman sent on an international assignment to Tokyo, Japan to run a $1.6 billion dollar business for the computing giant.

Achambeau’s path to success was having a vision and filling in the details with careful research, planning, prioritizing, and evaluation, but she didn’t get there alone.

A variety of mentors helped her achieve success in her career goals as well as having a strong “personal cheerleader” in her corner—her stay-at-home husband of 25 years, Scottie, who she met while they both worked at IBM.

“I’m a big believer in mentors,” says Archambeau, but not just as a career resource or opportunity mine. She discovered mid-career that mentors help people “do their current job very well” and that an outside perspective is important.

“It didn’t occur to me to actually build advisors or mentors outside of the company,” says Archambeau when a colleague asked her about professional guidance separate from the company. Since then she’s developed an out-of-company team of advisors.

“Whatever job you have somebody has done it before,” says Archambeau about leveraging other people’s experience to assist you with doing a better job in the current position you hold. ”You won’t get the next one until you do the one that you’ve got exceptionally well.”

Planning and mentors have been key elements in her success, but the foundation has been her “phenomenal partnership” with her husband, she says.

“I owe a great deal of my success directly to him,” says Archambeau of Scottie about not only managing their busy family life with two, now college-age kids, and many moves around the world, but also in believing in her.

“Everybody, especially every woman, needs a personal cheerleader,” says Archambeau, stating that cheerleaders don’t need to be a “stay-at-home husband,” but people who counterbalance the negative messages by telling you no matter what happens, “‘Hey you are good. You are capable. You can do this.’”

“There are a lot of messages out there telling you just the opposite,” Archambeau tells The Glass Hammer. That support strengthens the plan both at home and career.

“You have to think through, “How are you going to do it and what has to be true to make it work?” she says about how she makes it all work saying that it’s a “constant self-check” asking yourself what is important and why it’s important as “elements of your life” and priorities shift.

The plan and examining the “elements” especially came into play when she decided it was time to transition from being an executive of a large company to becoming a CEO of a smaller company.

The market wasn’t a friendly environment in 2002 for a technology executive without experience at the very top tier to make the transition to CEO—it was flooded with more experienced CEOs vying for the very few open positions. Rather than going ahead with the original plan, Archambeau took advantage of the time to research the experiences of other executives who had left large companies to run smaller companies.

Finding that a great percentage of CEO’s failed at their first few attempts, she decided to increase her odds of success by accepting executive officer level positions at a few small companies in order to gain an understanding of the dynamics of running the business, she says. Her plan paid off. Three companies later, Archambeau turned around formerly challenged MetricStream to being the leader in compliance management technology as its CEO.

Archambeau starts her days off with an early workout at the gym, before heading off to lead MetricStream into its future and ending the day at a board meeting for Arbitron, Inc., Forum for Women Entrepreneurs and Executives, IT Senior Management Forum or Silicon Valley Leadership Group.

Just as much as she enjoys her professional life, Archambeau loves socializing with her family and friends. She runs a gourmet dinner club as well as going out to the theater, enjoying music, and dancing with her husband and friends, she says.

secil_watson1by Tina Vasquez (Los Angeles)

 

Secil Watson, Senior Vice President of Customer Experience, Money Movement, and Mobile Banking with Wells Fargo’s Internet Services Group, may not have had a sense of herself after graduating from the Wharton School of the University of Pennsylvania, but that’s certainly not the case anymore for the thirty-seven-year-old mother of three. “I now know what I value in life and my priorities reflect that, but after graduating from college I didn’t know what kind of person I was; what my strengths and weaknesses were. I was just a sponge soaking everything up,” Watson said.

 

Admittedly, most college freshmen have a lot to fear. Many times they are far from home, in a new state, completely out of their element, and forced to somehow gracefully transition into a parentless world, where attending class is arguably optional, and their futures are in their own hands for the first time. For Watson, college was about all of those things and more. The native of Turkey had never stepped foot in the United States before when she was dropped off by taxi, in front of her dorm at Cornell University where she would complete her undergraduate degrees in international relations and economics. Watson, then only 18, had two suitcases in hand and not a clue as to how to navigate through this new country and its unfamiliar culture.

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