Was Wall Street’s crash due, in part, to an overload of testosterone?

More and more, people are saying YES.  And on Tuesday, The Financial Times connected the dots and called for 30% women on all corporate boards.  Says the FT, “If there is ever a time for women to make a decisive breakthrough in corporate boardrooms, it is surely now. Many boards, especially in financial services, are in flux after the testosterone-fueled excesses that led to financial disaster. There is a desperate need to rebuild trust, more easily achieved if boards better reflect customers and the public.”

On June 24 over at Bloomberg here in NYC, the National Council for Research on Women will be launching a new piece of research looking at reasons and solutions for why there are so few women managing money.  The report (which I’ve seen, and believe me, it’s GOOD) puts the issue in a broader context to look at on the lack of women in positions of leadership and power at financial services firms more generally.  (Read more about the forthcoming paper–which Purse Pundit is at the center of–here.)

Testosterone may have been just one cause among many for the massive failures wrought by the financial industry.  But is sure is nice to see this issue getting some serious play.