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Happening Fast
Overseeing some $1.3 trillion as CEO of J.P. Morgan Asset Management, Mary Callahan Erdoes (MBA ’93) is “one of the most powerful women on Wall Street” and on the shortlist of possible successors to JPMorgan CEO Jamie Dimon (MBA ’82), Forbes magazine (September 12, 2011) reported.
“The rare female comet in the male-dominated firmament of Wall Street,” Erdoes seeks “work/life integration” rather than an elusive, and perhaps impossible, balance given the Street’s 24/7 demands. “There is no substitute for hard work,” Erdoes said. “There is a little luck on the way, but there is no substitute for really superhard work, first in, last out.” Erdoes’s investment group has been very successful, and money is flowing into it despite the contortions of global markets recently. “It’s just nonstop trying to piece all this stuff together, and the hardest thing is there’s no road map,” she explained. “It’s oddly exhilarating because so many things are happening so fast.”
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