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Porat Calls Too Few Women Leading U.S. Companies ‘Embarrassment’

Morgan Stanley Chief Financial Officer Ruth Porat called the low number of women running U.S. companies an "embarrassment" that shows the need for new laws.

"Women are still not reaching the most senior levels of corporations," Porat, one of Wall Street’s highest-ranking women, said April 2 at the Japan Society in New York. "This is not the shortcoming of women. We’re talented and smart."