More women have status on Wall Street

For women, it's a tale of two Streets. Increasingly, they are making strides in areas once off limits. Female managing directors are now almost common. They have certainly made gains in research and management in areas like equity capital markets. All this counts as progress. We can only hope that the groundswell will lead to more women in high executive positions. At the moment, I can't think of one who is a candidate to soon head one of the top firms. Zoe Cruz may be an exception. Also, we aren't seeing a lot of women stake claims to high executive positions at hedge funds and private equity funds, where the real action is these days. Still, most firms are taking pains to create female-friendly workplaces. And that, as well, counts as progress.

Our take on this news: This is good news for everyone, because women tend to be more even-keeled and have a better balance on things. Most importantly, they might bring more integrity to Wall Street which has run amuck with corrupt self-serving souls.