For Women in Politics and Entertainment, Money Talks (Video)

At TheWrap's Power of Leadership breakfast, top women in politics and entertainment note that when it comes to success, one thing matters: money

Last Updated: December 19, 2012 @ 10:27 AM

The most important advice California State Atty. Gen. Kamala Harris gave to Los Angeles City Controller Wendy Greuel for her campaign for Los Angeles mayor: You've got to raise money.

Jerod Harris/Getty Images"People are going to be very happy to know you're a good person. They're going to be very happy to know that you can articulate important issues and you've got good ideas," Harris said. "But you know what all the consultants, and the pundits and the journalists are going to look at? What is your political capital — how much money are you sitting on?"

Also read: Wendy Greuel at TheWrap Power of Leadership Event on the Politics of Appearance

During a panel at TheWrap's Power of Leadership breakfast Thursday at the Montage in Beverly Hills, Mandalay Pictures and Women in Film President Cathy Schulman, writer Nell Scovell and DreamWorks Animation marketing chief Anne Globe joined Harris and Greuel in a discussion led by TheWrap CEO Sharon Waxman on challenges women face in politics and in Hollywood.

For men, Harris said, it's within their culture to talk about money because "they've just been doing it for a much longer time."

Also read: Photos from TheWrap Power of Leadership Breakfast

"When you're asking them for money, you're not asking them to buy you a pair shoes. This is part of the reality: If you cannot raise money, you will not win. And women don't like to have that conversation, generally speaking," she said.

That's true in the entertainment industry, as well. Schulman noted that women work very differently than men when it comes to dealing with budget issues while making movies — looking for solutions rather than asking for more.

Watch the discussion below:


The news
you need now,
more than ever.

Create a FREE Account
Try PRO today