Fraser Says Idea That Women Don’t Help Women Is ‘Utter Rubbish’

  • Citigroup’s new CEO says she’s had support from female mentors
  • General Motors’ Barra urges other women to speak up more

Jane Fraser

Photographer: Kyle Grillot/Bloomberg
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There’s a theory in corporate America that women in positions of power don’t help other women. Citigroup Inc. Chief Executive Officer Jane Fraser doesn’t buy it.

“Utter rubbish,” Fraser said during a panel discussion with General Motors Co. Chairman and CEO Mary Barra for the Economic Club of New York. “From my own experience, I have to say I’ve had wonderful male mentors, but the support of different female mentors, friends, colleagues, female CEOs has been extraordinary.”