TIME

Cathy Engelbert

Deloitte CEO Cathy Engelbert is the first female chief of a Big Four financial-services firm

GROWING UP AS ONE OF EIGHT SIBLINGS IN THE southern part of New Jersey, or South Jersey as it’s known to all who live there, has its disadvantages. Cathy Engelbert had to share a room with her messier younger sister Peggy. There were occasional fist-fights, which Cathy usually lost. Both her parents had jobs outside the home, and sometimes her dad took extra work on weekends and evenings, either for more cash or for less chaos. But in elementary school, when Engelbert ran for class president, one advantage of having a big clan became apparent.

“She wanted to win so bad, and she was going up against the most popular boy in the class, so she came up with this campaign slogan, ‘Have a taffy, vote for Cathy,’” recalls Peggy, a nurse. “We run to the store and buy bags

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