It's Not About the Woman

When a woman fails on Wall Street, (Zoe Cruz, Sallie Krawcheck, Erin Callan), it's often tempting to draw sweeping conclusions about the evolution of women in the finance industry. Often, this approach is warranted: No female CEO leads a bulge-bracket bank and women generally comprise around 20% of managing directors, one of the highest ranks in finance.

Because there are so few visible women in finance, when one steps down or is forced out, the move is automatically suffused with more gravitas than if a man had done so.

Still, it's prudent not to confuse gender politics with plain old screw-ups. Ina Drew leaving J.P. Morgan is a perfect example. Under her direction, the Chief Investment Office lost $2 billion due to a failed trading strategy. That she offered her resignation isn't a sign that yet another woman has fallen victim to the whims of a testosterone-driven environment. Rather, it's an acknowledgment that when you make a mistake, regardless of gender, you have to pay the consequences.

Perhaps this turn of events might be comforting to the legion of women on the Street who want to be treated like everyone else. While it may be true that women have to work harder to overcome bias, at the end of the day, the workplace is, in certain aspects, a meritocracy. Do a good job and you won't get fired. Do a bad job and you'll lose your head, whether you're a man or woman.

Goodbye Goodbye (FINS)

When leaving your job, don't burn any bridges by making your criticisms public. You never know whom you're going to cross paths with in life.

New Seating Chart (Dow Jones)

Matt Zames, Ina Drew's replacement at J.P. Morgan, is wasting no time bringing in his own team.

Seating Complete (FT)

Now that he's no longer tired, Lloyds Chief Executive António Horta-Osório has finished building his A-team to help him turn around the bank.

Where to Work (Poets & Quants)

A new survey of M.B.A. students finds they're less likely to work at big consultancies like McKinsey. Finance firms, on the other hand, are still a draw.

Chump Change (New York Observer)

If you're worth a staggering $1.5 billion, you can afford to buy a $52 million apartment at an exclusive address in New York City. Howard Marks of Oaktree Capital, come on down.

Reining It In (FINS)

Don't forget how important proper email etiquette is in the workplace. Whatever you do, refrain from multiple exclamation points. They hurt the eyes.

Common Forgery (SmartMoney)

Let Yahoo's Scott Thompson be a lesson to you. If he can't get away fudging his academic credentials, neither can you.

Buzz Around the Office

Best Friends at the Window (Buzz Feed)

These pairs and trios are content to watch the world go by, so long as they're together.

List of the Day: What They Mean

Here a few translations of some common interview questions.

1. Tell me about yourself (tell me why you're the right person for this job).

2. Explain the organization's mission (explain why you'll be an ambassador).

3. Give me a few questions of your own (demonstrate you actually care).