A Woman’s Work on a Financial Regulation Package Is Never Done


As an example of a woman who has broken through the glass ceiling and achieved success in a male-dominated industry, you don't get much better than Diana Farrell. Prior to being appointed deputy director of the National Economic Council under Obama, she went to Harvard Business School, worked as the head of Global Financial Institutions and Strategy for McKinsey, and put in a few years at Goldman Sachs. In the past few months, she's spent every weekday laboring under the hot breath of Larry Summers in order to hammer out a plan to revamp regulation of the financial sector, which will be presented to Congress tomorrow. How does she describe this onerous process?

"It was a lot like doing dishes," said Ms. Farrell. "Just when you think you are done, and just as you are putting the last plate away, a whole new set of plates comes forward."

Oh, dear. Farrell's career may be a testament to what women can achieve in the workplace, but with this comparison, we fear she may have just set us back a few decades.

Obama Stamp Is on Finance Rules [WSJ]