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Illustration: Sarah Grillo/Axios

Sallie Krawcheck was one of the most senior women in the male-dominated world of Wall Street.

  • In today's Masters of Scale podcast Krawcheck, who now runs a digital investment platform for women called Ellevest, talks about how business embraces employee diversity in boom times and rejects it when things go south:
Did you know that for a long time after the financial crisis, diversity went backwards on Wall Street? And it's actually not unusual for industries that go through a period of crisis, where you circle the wagons. And what I saw was, “We'd love to promote this woman or this person of color, but we can't take the risk.” And so everybody reverts to their comfort, and uses that excuse, the fact that we're in the midst of this battle.

Why it matters: We're in the midst of a lengthy economic expansion, low unemployment and a record run for stocks. But there are plenty of economic storm clouds on the horizon and, if Krawcheck is correct, then Corporate America's push for greater employee diversity could already have peaked.

  • The same goes for Silicon Valley, where even the most socially-progressive companies are still overwhelmingly male and white.

Go deeper: Hear the episode.

Editor's note: Details of this podcast available exclusively to Axios readers first through a partnership with Masters of Scale.

Go deeper

The E-commerce shopping spree

Illustration: Aïda Amer/Axios

Retailers have gotten really good at selling stuff online. So much so, investors want them to separate from the business units that do just that.

Why it matters: Spinning off these crown jewels may jeopardize both the physical and e-commerce sides of the companies in the long run by breaking the benefits of hybrid operations, analysts say.

2 hours ago - World

U.S. envoy to visit Sudan as "most dangerous" crisis intensifies

The sit-in in Khartoum. Photo: Mahmoud Hjaj/Anadolu Agency via Getty

U.S. envoy for the Horn of Africa Jeffrey Feltman will visit Khartoum this week amid what Prime Minister Abdalla Hamdok has called the “worst and most dangerous" crisis of Sudan’s transition to democracy, two sources with direct knowledge tell Axios.

Driving the news: Roughly 2,000-3,000 people had joined a sit-in in Khartoum as of this afternoon, per Reuters, after protesters massed over the weekend to call on the military to bring down the government. The protests came just four weeks after a failed military coup.

Trump sues National Archives, Jan. 6 committee to block records request

Photo: Chip Somodevilla/Getty Images

President Trump filed a lawsuit Monday seeking to block the National Archives from releasing White House records to the House select committee investigating the Jan. 6 Capitol insurrection, citing executive privilege.

Why it matters: It's the latest escalation in Trump's campaign to disrupt the committee's sweeping probe into the circumstances surrounding Jan. 6, including his actions and communications leading up to the Capitol attack.