Carly Fiorina Tops FORTUNE's List of 50 Most Powerful Women in Business for Fifth Straight Year; Women From Tech Sector No Longer Dominate List; Ranking Includes Nine Newcomers.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 30, 2002 The battle that won her Compaq and knocked HP scion sci·on n. 1. A descendant or heir. 2. also ci·on A detached shoot or twig containing buds from a woody plant, used in grafting. Walter Hewlett off the board was rough, but Hewlett-Packard CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Carly Fiorina Cara Carleton "Carly" Fiorina (born Cara Carleton Sneed; September 61954 in Austin, Texas) is an American business executive, best known as former CEO (1999–2005) and Chairman of the Board (2000–2005) of Hewlett-Packard (HP). emerged stronger than ever. So for the fifth consecutive year, she holds the No. 1 position on FORTUNE's ranking of the 50 Most Powerful Women in Business. The complete list (attached) and accompanying stories are in the October 14 issue of FORTUNE, available on newsstands October 7 and at www.fortune.com at 7:00 a.m. on September 30. In the No. 2 spot is Kraft Foods Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA. The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for Co-CEO Betsy Holden Betsy Holden is a corporate director of Tribune Company and former CEO of Kraft Foods. She received her A.B. from Duke University, and an M.Ed and an MBA from Northwestern University. She was born in 1956 in Pittsburgh. (No. 9 in 2001), whose title belies her power. Holden oversees nearly 75% of the $34 billion in revenues at the world's second biggest food company. This year she's helped push the stock up 18%, more than all of Kraft's major competitors. At No. 3 is Meg Whitman Margaret C. "Meg" Whitman (born August 4, 1956) has been the President and CEO of the online marketplace eBay since March 1998. Whitman joined eBay when the company had 29 employees and operated solely in the United States; eBay is now a global organization with over 11,000 (No. 2 in 2001), President and CEO of eBay. Under Whitman, eBay's revenues and net income are still doubling year to year, margins are stellar, and the company will handle an estimated $14 billion in merchandise during 2002. In the beaten-up tech sector, her stock is up 30% this past year. PepsiCo President and CFO See Chief Financial Officer. Indra Nooyi Indra Krishnamurthy Nooyi (born October 28, 1955 in Chennai, Tamil Nadu, India) is the chairman and chief executive officer of PepsiCo, the world's fourth-largest food and beverage company. , who helped engineer $30 billion worth of deals in the past few years, holds the No. 4 spot, up from No. 10 last year. Pepsi's earnings per share are expected to rise 13% this year, though a newly energized Coke will pose challenges. At No. 5 is Andrea Jung Andrea Jung (鍾彬嫻, pinyin: Zhōng Bīnxián) (born 1957 in Toronto, Ontario, Canada) is a business executive. In 2001 she was named one of the 30 most powerful women in America by Ladies Home Journal. (No. 4 in 2001), Chairman and CEO of Avon Products Avon Products, Inc. NYSE: AVP is a US cosmetics, perfume and toy seller with markets in over 135 countries across the world and sales of $8.1 billion worldwide as of 2005. . This global brand maven is on track to lift earnings 10% in 2002, and she continues to inspire fierce loyalty. "At a time when temptation--to gun for growth, to push the limits, to behave recklessly--has led many once-powerful people to ruin, old-fashioned character distinguishes FORTUNE's 2002 lineup of Most Powerful Women," says FORTUNE senior writer Patricia Sellers in "True Grit," her introduction to the list. Who's missing from the list? "Martha Stewart <noinclude></noinclude> Martha Stewart (born Martha Helen Kostyra on August 3, 1941) is an American business magnate, author, editor and homemaking advocate. She is also a former stockbroker and fashion model. , for one," reports Sellers. "Last year she was No. 13. No matter how the investigation into her alleged insider trading of ImClone stock turns out, her image has been badly damaged. And her sales are sagging right along with those of Kmart, with whom she had a lucrative relationship." On the other hand, Carly Fiorina retains the top position she has held since 1998, when the first list was published. "Whether or not you endorse Hewlett-Packard's $18.7 billion acquisition of Compaq, you cannot deny that HP's chairman and chief executive showed her strength in overcoming dissident director dissident director A director who wishes to change a firm's policies and generally acts in opposition to the wishes of the other directors. Walter Hewlett," says Sellers. Meanwhile, Oprah Winfrey “Oprah” redirects here. For the show, see The Oprah Winfrey Show. Oprah Gail Winfrey (born January 29, 1954) is the American multiple-Emmy Award winning host of The Oprah Winfrey Show, the highest-rated talk show in television history. , who went from No. 3 last year to No. 10, seems to have lost influence by choice. She shut down Oprah's Book Club, decided to end her TV show in 2006, and severed her partnership with Jeff Jacobs, who ran Harpo, her company, since it started 18 years ago. To assemble the list, FORTUNE evaluated each candidate--in for-profit companies only--on four main measures: the revenues and profits she controls; the importance of her business in the global economy; the arc of her career (how quickly she's risen and where she's likely to go); and her impact on culture and society. Nine newcomers join the list this year: Doreen Toben, EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition and CFO, Verizon (No. 25); Amy Pascal Amy Pascal (born 1958) is Co-Chairman of Sony Pictures Entertainment, Inc. (SPE) and Chairman of SPE's Columbia TriStar Motion Picture Group. She oversees all development, production and marketing activities at Columbia Pictures. , Chairman, Columbia Pictures (No. 26); Pam Strobel, EVP, Exelan, and CEO, Exelan Energy Development (No. 29); Susan Arnold Susan Arnold is a member of the board of directors of The Walt Disney Company. She has been a Director of the company since 2007, and in 2004 she became vice chairman of Procter & Gamble. , President, Personal Beauty & Feminine Care, Procter & Gamble (No. 32); Mary Kay Mary Kay is a brand of skin care and color cosmetics sold by Mary Kay Inc. Mary Kay World Headquarters is located in the Dallas suburb of Addison, Texas. Mary Kay Ash (d. November 22, 2001) founded Mary Kay Inc. on Friday, September 13, 1963. Haben, Group VP, Kraft Foods North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. (No. 33); Deb Henretta, President, Global Baby Care, Procter & Gamble (No. 34); Kathi Siefert, EVP, Kimberly-Clark (No. 38); Sallie Krawcheck Sallie L. Krawcheck (born 1965), is the Chairman and CEO of Citigroup's Global Wealth Management division. Originally an equity analyst, she has steadily risen in the ranks of Citigroup, to the point of Forbes naming her as number seven in its list of , Chairman & CEO, Sanford C. Bernstein (No. 42); and Fran Keeth, President and CEO, Shell Chemicals, Royal Dutch Petroleum (No. 49). "It's a matter of debate whether power is harder to get or to keep," says Sellers. "But for women on the FORTUNE 50, keeping power seems to be an especially daunting daunt tr.v. daunt·ed, daunt·ing, daunts To abate the courage of; discourage. See Synonyms at dismay. [Middle English daunten, from Old French danter, from Latin challenge. When we asked them to identify their greatest strength and weakness, virtually every woman said she felt pressed to soften the very thing that got her there: her powerful style." However, concludes Sellers, "even if these women don't wear their power quite as comfortably as men do, they've got every bit as much backbone." In the related cover story, "Househusbands," senior writer Betsy Morris reports on the growing phenomenon of men staying at home to take care of home and family. "Call him what you will: househusband, stay-at-home dad A stay-at-home dad is a term used to describe a male parent who is the main carer of the children and the home. Alternative terms include stay at home father, househusband or homemaker. , domestic engineer. But credit him with setting aside his own career by dropping out, retiring early, or going part-time so that his wife's career might flourish and their family might thrive. Behind a great woman at work, there is often a great man at home." Morris looks at the price men pay for this choice that defies convention, and shows how "the household arrangements these couples have created are simultaneously radical and conservative." In addition, FORTUNE includes an international list of 50 powerful women in international business. In order, the top ten are Marjorie Scardino Dame Marjorie Morris Scardino, DBE, FRSA, (born 25 January 1947) is the CEO of Pearson PLC. She became the first female Chief Executive of a FTSE 100 company when she was appointed CEO of Pearson[1] in 1997. , CEO, Pearson (Britain); Belinda Stronach Belinda Caroline Stronach, PC, MP (born May 2, 1966 in Newmarket, Ontario) is a Canadian businessperson, philanthropist, politician, and a Liberal Member of Parliament (MP) in the Canadian House of Commons. , CEO and President, Magna International Magna International Inc. TSX: MG is a Canadian company based in Aurora, Ontario. It is Canada's largest automobile parts manufacturer, and one of the country's largest companies. It also owns the successful Magna Steyr automobile production company of Austria. (Canada); Anne Lauvergeon, Executive Chairman, Areva (France); Patricia Barbizet, Chief Executive, Artemis (France); Mary Ma, CFO, Legend Group Holdings (China); Ho Ching, Executive Director, Temasek Holdings (Singapore); Maureen K. Darkes, Group VP, General Motors (U.S.); Len Siaou-Sze, Senior VP, Hewlett-Packard Services Asia-Pacific (Singapore); Marina Berlusconi, Vice Chairman, Fininvest (Italy); and Eiko Kono, President, Recruit (Japan). This year, FORTUNE's Most Powerful Women in Business Forum will coincide with the publication of the 2002 Most Powerful Women in Business issue. The Forum--the premier gathering of women leaders from the corporate world, government, society, and the arts--takes place in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of on September 30 and October 1, and provides a unique opportunity for the world's most influential women to trade ideas, share experiences, and extend their power in a relaxed, open atmosphere. The program will consist of conversations, one-on-one interviews, and panel discussions.
Most Powerful Women 2002
2002 2001 Name Title Company
Rank Rank
1 1 Carly Fiorina Chairman & CEO Hewlett-Packard
2 9 Betsy Holden Co-Ceo Kraft Foods
3 2 Meg Whitman President & CEO eBay
4 10 Indra Nooyi President & CFO PepsiCo, Inc.
5 4 Andrea Jung Chairman & CEO Avon Products
6 6 Anne M. Mulcahy Chairman & CEO Xerox
7 7 Karen Katen EVP & President, Pfizer
Pharmaceuticals
Group
8 8 Pat Woertz EVP, Downstream ChevronTexaco
9 12 Abigail Johnson President Fidelity Management &
Research
10 3 Oprah Winfrey Chairman Harpo Entertainment
Group
11 21 Ann Moore Chairman & CEO, AOL Time Warner
Time Inc.
12 15 Judy McGrath President, MTV Viacom
Networks Music
Group
13 20 Colleen Barrett President & COO Southwest Airlines
14 11 Shelly Lazarus Chairman & CEO Ogilvy & Mather
Worldwide
15 26 Pat Russo President & CEO Lucent Technologies
16 23 Betsy Bernard President & CEO, AT&T
AT&T Consumer
17 31 Amy Brinkley Chief Risk Bank of America
Officer
18 18 Lois Juliber COO Colgate-Palmolive
Chairman, Motion
Picture Group,
19 16 Sherry Lansing Paramount Viacom
20 24 Stacy Snider Chairman, Vivendi Universal
Universal Pictures
21 22 Judy Lewent EVP & CFO Merck
22 33 Margorie Magner COO, Global
Consumer Group Citigroup
23 28 Ann Livermore President, HP Hewlett-Packard
Services
24 29 Cathleen Black President Hearst Magazines
25 new Doreen Toben EVP & CFO Verizon
26 new Amy Pascal Chairman, Sony
Columbia Pictures
27 42 Vivan Banta Vice Chairman, Prudential Financial
Insurance
28 39 Janet Robinson SVP, Newspaper New York Times Co.
Operations
29 new Pam Strobel EVP & CEO, Exelon
Exelon
Energy Delivery
30 25 Dina Dublon EVP, CFO JPMorgan Chase
31 34 Nancy Peretsman EVP & Managing Allen & Co.
Director
32 new Susan Arnold Pres., Personal Procter & Gamble
Beauty & Feminine
Care
33 new Mary Kay Haben Group VP, Kraft Kraft Foods
Foods N. A.
34 new Deb Henretta President, Global Procter & Gamble
Baby Care
35 45 Carole Black President & CEO Lifetime Entertainment
Services
36 41 Jamie Gorelick Vice Chair Fannie Mae
37 5 Marce Fuller President & CEO Mirant
38 new Kathi Seifert EVP Kimberly-Clark
39 44 Anne Sweeney President, ABC Walt Disney
Cable Networks
40 19 Marilyn Carlson Chairman & CEO Carlson Cos.
Nelson
41 27 Anne Stevens VP, North America Ford Motor
Vehicle Operations
42 new Sallie Krawcheck Chairman & CEO Sanford C. Bernstein
43 40 Carol Tome EVP & CFO Home Depot
44 46 Marion Sandler Co-Chairman & Golden West Financial
Co-CEO
45 49 Louise Francesconi VP; President, Raytheon
Missile Systems
46 return- Vanessa Castagna EVP, CEO, JCPenney
ing JCPenney Stores
47 48 Larree M. Renda EVP, Retail Safeway
Operations
48 35 Dawn Lepore Vice Chair Charles Schwab
49 new Fran Keeth President & CEO Shell Chemicals Royal
Dutch/Shell Group
50 return- Heidi Miller EVP & CFO Bank One
ing
(was no. 2 in
1999, no. 20
in 2000)
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