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A Dossier on Morgan Stanley's New CFO Ruth Porat

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WALL STREET'S LATEST MOST POWERFUL WOMAN
Morgan Stanley named longtime M&A banker Ruth Porat as its new chief financial officer today. Deal Journal gives us the lowdown on the 22-year veteran on the bank. Her notable quote: “One of the biggest problems women have is they work really hard and put their heads down and assume hard work gets noticed. And hard work for the wrong boss does not get noticed. Hard work for the wrong boss results in one thing – that boss looks terrific and you get stuck.”

Guess that's a good incentive to become the boss yourself.

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