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Late Lunchtime Links: When financial services wives don’t toe the party line

Not necessarily a career killer (Photo credit: Wikipedia)

Not necessarily a career killer (Photo credit: Wikipedia)

Does it matter if you’re a senior banker who’s spent more than a decade working at Goldman Sachs and have just been hired as the Governor of the Bank of England on a  £480k salary, but your wife is busily penning articles against income inequality? Maybe not, but it could be awkward. The Telegraph points out that Diana Carney, wife of soon-to-be Bank governor Mar Carney, has expressed sympathy for the Occupy movement, suggested global financial institutions are rotten and inadequate, advocated gardening with cow dung, and worn vegan shoes.

Diana Carney’s sympathies don’t appear to have impacted Mark Carney’s career progress. It’s not the first time a banking wife has been seriously off-message. In 2009, Lloyd Blankfein’s wife kicked up a fuss after being compelled to queue for a charity event in the Hamptons. Laura Blankfein reportedly screamed that she didn’t want to wait around with the less well off. This came shortly after her husband had sent a memo to Goldman Sachs staff dissuading them from conspicuous consumption. Lloyd’s career doesn’t appear to have been affected either.

Meanwhile:

Mark Carney:  “I think the financial community is overestimated-and the Bank of Canada is underestimated.” (The Globe and Mail)

Libor killed Paul Tucker. (Bloomberg) 

Macquarie banker has set up a green fund in Australia but needs expats to staff it. (Bloomberg) 

Man of the moment: Hugh Young, head of Aberdeen’s Asia business. (Guardian)

Working as a woman at Goldman Sachs in the 1990s was like being a frat on steroids. One woman says she was chastised for not being submissive enough. (Atlantic)

Mr Jenkins has told colleagues at Barclays he genuinely has yet to make up his mind which way to go with regards to the investment bank. (Financial Times) 

Just to reiterate: bankers in London will be paid less than bankers in New York this year. (Bloomberg) 

What to do if you’re a Deutsche Bank trader in Birmingham. (Financial News) 

Comments (2)

Comments
  1. I don’t think it matters what Mr Carney’s wife thinks. And people can change. Take South African Maria Ramos for example. During the ‘struggle’ Ms Ramos was a staunch ANC member who was anti-business, anti-money (anti everything actually) but when the ANC got power she completely changed. After marrynig the finance minister she went on to run the state transport system before trying her hand at banking. She is now chief executive of Barclays Africa and a member of Barclays’ main board. (But she’s still a member of the ANC and they still don’t like business.)

  2. He himself has expressed sympathy the the Occupy movement describing it as democratic excercise in public debate. thirdly, who cares what his wife thinks? She won’t be the one running the BoE.

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