Article: MORE WOMEN STALLED ON CORPORATE LADDER.(Focus)

Byline: THE ECONOMIST

When Alcatel-Lucent, the ailing Franco-American telecoms company, bid a less-than-fond adieu to Patricia Russo last week, French business lost one of its most prominent female chief executives - even if she was "une americaine."

In Russo's native country, two senior women on Wall Street also have walked the plank: Last November, Morgan Stanley fired Zoe Cruz, one of the bank's two co-managing directors, and in June this year Erin Callan, the chief financial officer of Lehman Brothers, was ousted from her role.

In one sense, those departures are not exceptional: Rarely a day goes by in the current economic downturn without an announcement that ...

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