This article is part of the series

Charlie Breaks It

EXCLUSIVE: Sallie Krawcheck Plotting a Comeback

By , Charlie GasparinoCharlie Breaks ItFOXBusiness

Sallie Krawcheck Prepping for Return to Wall Street?

Continue Reading Below

Sallie Krawcheck Prepping for Return to Wall Street?

FBN’s Charlie Gasparino on former Bank of America President Sallie Krawcheck talking to potential employers in an effort to return to Wall Street.

What is Sallie Krawcheck

Lots of yoga, running and planning a comeback to Wall Street

Krawcheck, the former head of Bank of America

Continue Reading Below

Her timing? Pretty soon, according to a person who has spoken directly with Krawcheck in recent days. “Someone gave me some advice and said I should take three months off before I decide anything -- and that’s what I plan to do,” Krawcheck told this person.

It’s unclear exactly where Krawcheck will land, but she has told people that she is talking to several interested parties in the financial-services industry. “I’m still looking for the next chapter on how I can contribute to this industry,” she told another person. “I know people are watching me to see what my next step is.”

Despite becoming among the top female executives on Wall Street, Krawcheck’s career has been controversial. She was considered a top securities analyst for her unbiased research at Sanford C. Bernstein in the late 1990s and through 2002 before she took a top job at Citigroup (NYSE:C). There, she worked in a number of high-profile positions including chief financial officer and then brokerage chief, but was later ousted by CEO Vikram Pandit

Krawcheck is also known for her ambition, which often rubs her bosses the wrong way. After landing at Bank of America and running the firm’s Merrill LynchKen Lewis

Krawcheck made no secret of her desire to run the bank someday, and despite earning high marks for her management of the firm’s brokerage department, by the summer of this year rumors swirled that she and Moynihan were barely on speaking terms. The rumors turned out to be at least partially correct: In a management shakeup, Krawcheck was ousted in September and has kept a relatively low profile since.

That’s likely to change, as Krawcheck in recent weeks has begun speaking at industry conferences as she plots her return.

She also concedes that all the volatility in her career has taught her how to be a better manager. “I have had a pretty dramatic career,” she told another associate, “and learned everything the hard way.”

Through a spokeswoman, Krawcheck declined to comment.

Continue Reading Below

What do you think?

Click the button below to comment on this article.