When last heard from, the former New York first lady best known for standing (literally) by her man, had taken a job working for Manhattan-based hedge fund Metropolitan Capital Advisors, the firm founded by CNBC Fast Money regular Karen Finerman. Now the two women have teamed up to offer private in-home salons designed “to educate and inspire women about investing in a setting where they felt comfortable asking any question they wanted,” as Spitzer described them when introducing a panel on “Women and Money” last night at New York’s 92nd Street Y.
Spitzer has three daughters, which no doubt gives her an added motivation for teaching women about how to manage their money. As panelists at last night’s session pointed out, even though women are now the primary wage earners in more than forty percent of families, they still continue to earn less than 80 cents for every dollar paid to a man. They also enjoy less access to pensions and other employer-sponsored retirement benefits than men, and, not surprisingly, are more likely to live in financially straightened circumstances in retirement than the opposite sex.
Whether Spitzer, who for some people will always remain a symbol of victimization, is the right person to convey the message of female financial empowerment is anyone’s guess. I, for one, am just happy to see that, unlike many other political wives whose men did them wrong, she’s made a life for herself that doesn’t involve mining her husband’s considerable sins for tabloid gold. Oprah … are you listening?