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&lt;p&gt;About a month ago, just after Lehman Brothers reported a huge second quarter loss, firm CFO Erin Callan&amp;#8212;one of, if not the most powerful woman on Wall Street&amp;#8212;was demoted. Following the demotion, here at In the Black, we asked readers if, in Callan&amp;#8217;s shoes, they&amp;#8217;d rather stay on with the firm in a lesser role or leave. Many readers chimed in, and most said they&amp;#8217;d stay, regroup, find another job and then leave. Which is exactly what it appears that Callan did: Today, she called it quits at Lehman after 13 years, and took a job with competitor Credit Suisse as head of the Swiss giant&amp;#8217;s hedge fund business. Callan starts her new job on September 2, which gives her a nice seven-week vacation.&lt;/p&gt;

Derek Loosvelt

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