This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Lessons Michele Bachmann Should Learn From Bartz and Krawcheck

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.

NEW YORK ( TheStreet) -- The business world was a-twitter with the exit of two major corporate executives. Sallie Krawcheck was let go from Bank of America's (BAC) wealth management unit. Carol Bartz was fired from Yahoo! (YHOO), getting the bad news in a pre-scripted telephone call.

Krawcheck and Bartz have both been lauded as superstars with proven records of success in other companies. Their demise offers lessons that other chief executives would be wise to learn. That includes Michele Bachmann, would-be Republican nominee for President.

At first blush, running the country may not seem much like running a corporation. But leadership is leadership, and the cutthroat cultures of national politics and big business have much in common. Just as corporate executives can learn from politicians' mistakes, political candidates can benefit from observing how the business community evaluates its leaders, and which leaders survive to work another day.

1. Gender matters. People pretend America has gotten past sexism, but the simple fact that a woman leader is a woman is never ignored. If you doubt it, search news stories about Bartz and Krawcheck. On the surface, the two don't have a lot in common -- they're from different industries, they came up by different career paths, they're more than a decade apart in age -- but every other story pairs them because they're, well, women. Women represent only 3% of top management in Fortune 500 companies, so their demise is being heralded as proof that high-powered women are treated differently than their male counterparts. As a professional woman friend quipped, throughout her career she's often been the only woman in the room. By definition, everybody noticed her and came quickly to judgment if she had an off day.

What does this mean for candidate Bachmann? Simply that she's the only woman in the Republican field and, like it or not, she'll be scrutinized more closely. She'll also be evaluated differently -- her physical appearance will be more important to voters than it would be if she were male. (When French Finance Minister Christine Lagarde was appointed head of the International Monetary Fund, it took the press less than a day to start covering her wardrobe.) Bachmann should recognize that voters may be too busy looking at her to listen to her and work that much harder to get her message across.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs