Sallie Krawcheck, for years one of the most high-profile women in financial services, announced Wednesday that she has invested in 85 Broads and will take over as business leader for the women's network. Janet Hanson, the former Goldman Sachs executive who founded 85 Broads in 1997, will retain a stake and become chairman emeritus.

The organization's name is a play on Goldman's former headquarters address, 85 Broad Street. But its membership has expanded well beyond Goldman executives, and even beyond the financial services industry, attracting 30,000 paying members who are encouraged to use the network to advance their own careers, as well as one another's.

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