SECRETS Of The ONLY Black FEMALE CEO

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2:11So, you know, I think your accomplishments shouldn't be minimized as far as, you know, being the CEO of a company that manages over$1.2 trillion. dollars um for sure I believe the only black CEO of a fortune 100 company I think there's only been three in history um when it comes to a fortune 500 company so you're in very rare air and um you don't really have many you don't have any pairs so what is your journey to get to where you are now I know I used to work for Chase and, you know, a couple other institutions. So there's a lot of young people in the audience. And I'm sure a lot of times they hear, you know, these things.

2:55But what are the actionable items? What's your path that you took to become CEO of CREF? Right. Well, first, it's just such a privilege to be these two amazing men that are making impact around the world to ensure that millions of people can earn their leisure. you all give them another round of applause we were talking in order to make impact you have to disrupt and if you're not disrupting then you're not shifting the game and I just have a lot of gratitude to see what you all are doing and it's inspiring to see how you are connecting with young people and giving them a different narrative on how to make sure that they can grab the bag and keep the bag and see the bag compound So in terms of my story, I want to take it back because I think it's important for all of you to have context, especially in this environment.

3:53I know at a very young age, it was clear to me that I am on the shoulders of giants. I understand that my intellect, my passion and my vision was not necessarily sufficient to be here. there had to be so many people that paved away and cracked ceilings for me to be in this seat. And so I am absolutely grounded in the understanding. And I like to say that it doesn't escape me in corporate America, that it was the cooks, the janitors, and the secretaries that introduced my gender and my melanin to corporate America. And so the reason why I share that context is in the words of Otis Brown, people may see your glory, but they don't know your story.

4:45It's important to make sure that you see people and understand that there were people that may not have this amazing rented title that paved the way for me to exist. That's lesson one. Be grounded in context, especially in your history, and let your history fuel your passion. In terms of how I got here, that's step one. Step two is Otis and Rosie Brown. When you have a father who worked in a warehouse scanning boxes and driving trucks, and you have a mother who's an educator, when you understand that you are first generation integration, my parents grew up in the segregated south. But Otis Brown told me at a very young age to reach for the moon because even if you miss, you'd be among the stars.

5:40This is a man that scanned boxes. So in order to be in this seat not understanding what that fully meant, I just knew that my dad had an expectation that he didn't even understand what that could realize. Values. My mother angered me in my character and my faith and making sure that I understood that you should see everyone. And how can I only always look for someone that has a rented title when the people that inspired me grew up in the segregated South and when a man who was my hero did not have a college education. The reason why I share this as it relates to my business journey is because so many times when you reach a level of success, you tend to start your journey with your first career job or you start your journey with where you graduated.

6:37But I want to start my journey with the truth and the truth is I'm on the shoulders of giants. The truth is a man who did not have an education but was brilliant has a lot to do with why am I here today. Fast forward, I love sports. Sports played a really important role in my life. You know, on any given day, everyone plays a role, grit, tenacity, teamwork, perseverance. And so this mindset of teamwork really played a role in my life as someone who played basketball and played volleyball and really was surrounded by brothers that played sports. So what shifted for me? The power of information.

7:20There is a woman and man by the name of Mr. and Miss Patterson and they told me about En-ROADS. Anyone familiar with En-ROADS? Okay, I am a product of En-ROADS. For those of you who do not know, En-ROADS is a program that provides students exposure to corporate America, especially underrepresented groups. And so without the power of information, I never even heard the word corporate America. And so I share that as an insight because you all are getting information every day at your university. Give it away freely. The power of information led me to being in this chair. The second piece that changed the course of my life within information was the power of advocacy.

8:07So with En-ROADS, they basically interview you. Companies then decide they want one intern or 10. And a company by the name of Fannie Mae that's in the housing sector had one intern. And when they interviewed me and a host of other students, they chose their one intern. And who do you think it was? Who? No, her name was Sarah. But a woman by the name of Valerie Manning, who was there to interview students, went back and said these words that changed my life. But there's this other girl. The reason, yes, the reason why I share this story is because Valerie Manning did not have this massive title.

8:59You did not get extra credit for saying, let me give you another intern. But for whatever reason, Valerie Manning advocated for me when I didn't even understand what advocacy was about. And because Valerie Manning said, but there's this other girl, Fannie Mae added the second intern. And that was my introduction into corporate America. and I worked there for many years and then an opportunity came to join JPMorgan Chase and so I joined JPMorgan Chase. I had many jobs. I moved starting in mortgage because that was my passion. I moved around. I ended up running the entire mortgage sales team and then I was tapped to be the CEO of Auto, first African-American woman or first African-American to run a line a business at the company.

9:53I then moved into becoming the CEO of the consumer bank. And then an opportunity came for me to lead TIAA. And so the message here is information. Give it away freely because you could be given information to a young girl that would become the first woman CEO of TIAA. You could be given information to someone that just continued to make history. Give away information and then advocacy. Do not wait for your rented title to feel like you have power. You have power to advocate and always be okay advocating. Even when someone is not asking for you to advocate or may not even understand it, you may be the reason that history is made.

10:39And so for that, I'm incredibly grateful. And here I am today. Yes, yes, yes, yes.

10:47Hey, Ernest, what's up? One thing we always say on this show is you've got to be intentional with your money. Because it's not just about how much you make. It's about how you manage what you spend. Exactly. That's why tools like Klarna are interesting. It gives you flexibility when you're making purchases. When you're checking out, you can decide how you want to pay, whether that's paying right away or spreading payments over time, depending on what works for you. Everything's organized in Klarna app. So you can track your spending in one place. And when you shop through the app, you can find deals and earn cash back with participating partners.

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