Holiday Gifts For The Filthy Rich (Part III)
Its crunch time for procrastinators who need that special gift for their filthy rich friends and family. We are quite smitten with the Ambient Orb here. With the S&P 500 down today it has turned an unfamiliar color...we prefer the green glow it has been steadily emitting. Of course, you can always unplug it.
Our gift idea today is targeted to one person in particular...the hen-pecked husband of Sallie Krawcheck. With handicappers all over the Street placing bets on her future at Citigroup (C-NYSE), her husband’s daily routine might be rudely interrupted.
Last we knew he was home watching Oprah while Sallie brought home the bacon:
Just over 10 years ago, Krawcheck, 41, left her job as an investment banker to be a stay-at-home mother. Within a year, though, she realized she was “really bad at it.” She reinvented herself as an equity analyst at Sanford Bernstein, which eventually appointed her CEO. Thanks in large part to her outspokenness there, Citigroup CEO Sandy Weill tapped her to head up his Smith Barney division in 2003 — at the height of investor concerns about conflicts between research and investment banking. In November 2004, she became CFO. With her husband, a banker who went part-time when she took Weill’s offer, and two babysitters helping her raise the kids, Krawcheck says she feels no guilt about her 80-to-90-hour workweeks. “Because I stayed home for a while, I don’t question now whether my family would be better off if I were there,” says Krawcheck, who made nearly $10 million last year. CFO.com
With an annual compensation package in the neighborhood of $10 million, Sallie’s recent whining is unlikely to generate any sympathy around here. While Zapping her with a Taser (TASR-NASDAQ) is probably excessive, the stop nagging button sounds about right.
Followed by a beer.
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