In response to a journalist who asked me a few months ago about women’s strength in times of crisis, I smiled and said that if Lehman Brothers had been “Lehman Sisters,” today’s economic crisis clearly would look quite different. It was a quip, of course, but one that reveals a bit about how I view things.
When women are called to action in times of turbulence, it is often on account of their composure, sense of responsibility and great pragmatism in delicate situations.
Audur Capital, an Icelandic private equity fund wholly managed by women, is the only such fund to have made it through the crisis without a hitch. And in February 2009, Iceland’s citizens chose a woman, Johanna Sigurdardottir, as prime minister in the midst of the country’s financial crisis.
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