Nation & World News

First Female Member Of New York Stock Exchange Dies

By Krishnadev Calamur on August 26th, 2013

The first woman to buy a seat on the New York Stock Exchange and head one of its member firms has died.

Muriel “Mickie” Siebert died Saturday in New York at age 80, The New York Times reports. The cause was complications of cancer.

Here’s more from The Times:

“Ms. Siebert, known to all as Mickie, cultivated the same brash attitude that characterized Wall Street’s most successful men. She bought her seat on the exchange in 1967, but to her immense anger, she remained the only woman admitted to membership for almost a decade.

She was one of the pioneers in the discount brokerage field, as she transformed Muriel Siebert & Company (now a subsidiary of Siebert Financial) into a discount brokerage in 1975, on the first day that Big Board members were allowed to negotiate commissions.

She also was the first woman to be superintendent of banking for New York State, appointed by Gov. Hugh Carey in 1977. She served five years during a rocky time when banks were tottering and interest rates were skyrocketing.”

In a 2003 interview with NPR, Siebert spoke of the challenges she faced when she first began working on Wall Street: “I had changed jobs two or three times because when I was making $13,000 a year, they [men] were making $20[000],” she said. “You know, that’s a quality of life decision at that kind of money.”

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

This entry was posted in News from NPR. Bookmark the permalink.

Comments are closed.

 

More Stories in News from NPR

Pope Francis opens the morning session of a two-week synod on family issues at the Vatican, on Saturday.

Vatican Bishops Scrap Opening To Gays, Divorced Members

Earlier this week an interim summary of the synod on family issues included conciliatory language on gays and on the taking of holy communion for divorced church members.


An artist's rendering of the flyby with Mars orbiters taking cover. Note that the image says "spacecraft not to scale."

Mars Probes Give Scientists Box Seats For Rare Comet Flyby

A “mountain-sized” comet known as Siding Spring will pass very close to the red planet, where orbiters from the U.S., Europe and India, hope to get close – but not too close — to the action.


Pro-democracy protesters set up new barricades after riot police retreated from a main road at Mong Kok shopping district in Hong Kong early Saturday.

Hong Kong Activists Clash With Police, Retake Protest Site

Pro-democracy protesters have replaced barricades in the congested Mong Kong district of the city hours after authorities dismantled the obstacles.


People stand on the island's south shore to feel the winds from approaching Hurricane Gonzalo, in Astwood Park, Bermuda on Friday. The storm has knocked out power to half of the residents of the British island territory.

Hurricane Gonzalo Hits Bermuda; Ana To Skirt Past Hawaii

In the British island territory, Gonzalo has wiped out power to roughly half of the island’s 70,000 inhabitants.


The Supreme Court early Saturday declined to block a Texas Voter ID law for the November election.

Supreme Court Lets Texas Enforce Voter ID Law For Nov. Election

With three justices dissenting, the high court’s ruling effectively blocks a lower federal court decision declaring the law restrictive and unconstitutional.


Thank you for your support

WUFT depends on the support of our community — people like you — to help us continue to provide quality programming to North Central Florida.
Become a Sustainer
I want to support FM 89.1/NPR
I want to support Florida's 5/PBS
Donate a Vehicle
Day Sponsorship Payments
Underwriting Payments