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Barbara Novick Photo

Simplicity In BlackRock's Initial…

This is probably embarrassing, but Ralph had a piece of easel paper from a child easel, like one of those little tikes easels, and it said three things on it. It said manage fixed income portfolios, advise…

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Barbara Novick Photo

People Felt She Was Naïve To Think…

People didn't think we were crazy. They thought we were very naïve, which we were. Again, I was 27. I had no children. Didn't own a home. Rented an apartment. My husband worked, so what was my…

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Barbara Novick Photo

Strict Ethical Upbringing

I grew up with certain values and my father was really very, very strict and very specific, and those are just so ingrained that I can't imagine - I mean, we went through, a few years ago, the mutual fund…

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Barbara Novick Photo

Process of Finding Her Replacement And…

You have to realize that lots of decisions are going to get made without you and very importantly - I mean, I asked - I recommended somebody to replace me and he said yes, but it was a big deal for him. He had…

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Barbara Novick Photo

Getting Experience Even If It Isn't…

I graduated in 1981 in December and - first of all, December grads, it's an awkward thing to do. I wouldn't recommend it to other people, but I didn't understand that when I decided that, so fewer companies…

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Result 6 of 33
Barbara Novick Photo

Current Responsibilities And Future…

Well, I've just stepped down from operating responsibility. I'm still working at BlackRock, but I'm working part time. The title is Vice Chairman and Senior Advisor to the Office of the Chairman, which means…

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Barbara Novick Photo

How BlackRock Built The Business

You definitely couldn't do it out of college. I mean, we had, again, this unique product knowledge that would enable us to focus on that, so of the three elements of the business plan, interesting; managed…

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Result 8 of 33
Barbara Novick Photo

Origin Of Company, BlackRock

So, 1987, October, there was a stock market crash and the firm started to do layoffs. I was actually on this horrible committee where we had to identify who we thought should be laid off. That wasn't a very…

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Barbara Novick Photo

Diversity In Hiring

I don't think it is fair to put all the burden on employees. Frankly, managers and companies have to do their part too. This is not about social responsibility or fairness. Quite simply, diversity is good…

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Result 10 of 33
Barbara Novick Photo

Planning For A Family

So I was 21 when I got married. We agreed that someday we wanted to have kids but at 21, and he was 23, there wasn't a whole lot of rush. We sort of figured, you know, five years into it we'd do that. And at…

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Barbara Novick Photo

Career Choices and Being Flexible…

The challenge is when can you actually do that, so a lot of people, they want to do some part-time thing when they have kids and, unfortunately, it's difficult to keep the same level of responsibility at that…

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Barbara Novick Photo

Using Technology To Work From Home

I have three kids. The first one was born in 1990. I took a maternity leave. I went radio silent. They called me a few times. I did one day road show with the baby in tow, which is an interesting story in…

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Result 13 of 33
Barbara Novick Photo

Choices On Family Life And Balance

Well, the evidence is you can do it all, but you have to make choices, so whether it's the women or the men, it really doesn't matter. They're - if you're really ambitious and you really want this kind of…

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Result 14 of 33
Barbara Novick Photo

Growth Of Company And Team

The challenges of growth are a lot of things. It's everything from who you bring in, what is it you're looking for, and different companies, different things. I mean, in our company, we really valued…

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Result 15 of 33
Barbara Novick Photo

Anecdote From Naysayer Early In…

We had this guy come in - I don't want to say the name of his company but a consulting company that was really well known in the industry - and we knew him from our prior affiliations, and we had him come in…

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Barbara Novick Photo

Changing Company's Name

It was multiple stages. So, we started out, our name was Blackstone Financial Management because we were part of the Blackstone Group. They owned 40%; we own 60%. A few years into it, we started to realize we…

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Result 17 of 33
Barbara Novick Photo

Personal Background

I grew up in a family where my father had his own store, an army navy store. There are four of us kids and all of us worked in the store, and you learn certain things when you do them when you're young and…

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Result 18 of 33
Barbara Novick Photo

Anecdote About Being Out Of One's…

I worked for people who pushed me way out of my comfort zone, and so your natural inclination is to do things you know how to do, do things you're comfortable with, do things that you can do really well, but…

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Result 19 of 33
Barbara Novick Photo

Creating Value And Differentiation

So, CMO's, asset-backed, senior subordinated, all of those structure products were all created in the 80s and in many cases, we were the ones who invented them, so Larry Fink worked on the first CMO. I…

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Amy Siskind Photo

Changes for Women in the 1980s

I want you to come with me right now on a quick journey and I'm going to take you back in time to when I was at Cornell in 1987. The reason I want to take you back in time is to talk about how things are much…

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Barbara Novick Photo

Importance of Making Plans But Being…

Over time, our needs changed and we made adjustments. I'm not going to say it was easy. In fact, I had to make choices all along the way. So let me share a few of the funnier moments. Other people seem to…

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Barbara Novick Photo

Significant Improvement For Women In…

First of all, it's a lot better today than it was then. Okay. I interviewed at Morgan Stanley. I was engaged. I took off my engagement ring because I knew they wouldn't hire me because they wouldn't want…

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Result 23 of 33
Barbara Novick Photo

Reasons People Leave Companies

You always want to know why someone wants to leave. Are they leaving because they've decided - let's say, in my case, Gee, I'm not interested in finance anymore or I've got some other passion that I want to…

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Result 24 of 33
Barbara Novick Photo

Building a Community Of Friends and…

Well, let me give you a little sense of the support at home. So we chose to move back to New York. Both my parents and my husband's parents lived about 45 minutes, an hour away from us. We didn't use it often…

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