Updated
Updated · The New York Times · Jun 24
Norma Yaeger, Founder of 2 Securities Firms, Dies at 96
Updated
Updated · The New York Times · Jun 24

Norma Yaeger, Founder of 2 Securities Firms, Dies at 96

1 articles · Updated · The New York Times · Jun 24

Summary

  • Norma Yaeger died June 3 at a Los Angeles hospital at 96 after treatment for a respiratory virus, her daughter Elysa Kaswan said.
  • Yaeger broke into Wall Street in 1962, when she was 32 and a mother of three, taking a job at Hornblower & Weeks as few women worked as stockbrokers.
  • She later founded two securities firms, building a career in an overwhelmingly male financial industry even though she had initially sought a better-paying job to support her family.
  • Her rise came as the New York Stock Exchange was trying to attract more female investors, underscoring how unusual women brokers still were in that era.

Insights

As new stock exchanges drop diversity rules, are we forgetting the lessons from Wall Street's female pioneers?
Decades after pioneers broke barriers, why do women still struggle to reach the top jobs in finance?