Wall Street pioneer dies


Sad to report.

CNN reports that Muriel Siebert, the first woman to own a seat on the New York Stock Exchange, earning her the title of 'First Lady of Wall Street,' passed away on Saturday in New York City. She was 80.

She would go on to break gender barriers at the exchange and earn a reputation as a hard-charging dynamo, eventually founding her own firm and dabbling in politics.

After making the journey from Cleveland to New York as a young woman, Siebert was turned down by Merrill Lynch because she never graduated from college. At her next interview, she fibbed that she had a degree. That got her hired at brokerage firm Bache & Co. as a $65-a-week trainee in the research department. She later became partner at two other securities firms, Finkle & Co. and Brimberg & Co.

She bought her seat on the NYSE in 1967 for nearly half a million dollars, breaking up an all-male world that had previously only allowed women on the trading floor as clerks.

She resigned from her government post in 1982 to seek a U.S. Senate seat, but failed to capture the Republican nomination in New York.

To access the complete CNN article hit the link below.

Wall Street pioneer Muriel Siebert dead at 80

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