HP's Carly Fiorina Tops FORTUNE's List of 50 Most Powerful Women for Sixth Straight Year; Many Fast-Track Women Are Ambivalent about Gaining Power.Feature Editors/Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 29, 2003 Twenty FORTUNE 50 Women Have Left Their Positions in the Last Five Years For the sixth consecutive year, FORTUNE has named 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). to the No. 1 position on its 2003 ranking of the 50 Most Powerful Women in Business. Yet a surprising essay reveals that many fast-track women are ambivalent about power. In fact, over the last five years, twenty of FORTUNE's Most Powerful Women have left their prestigious positions. The list (attached) and accompanying stories, including first-person commentary from US Senator Hillary Clinton, President Bush advisor Karen Hughes
Karen Parfitt Hughes (born December 27, 1956) is a Republican politician from the state of Texas. She currently serves as the Under Secretary for Public Diplomacy and Public Affairs in the U.S. and National Security Advisor A National Security Advisor serves as the chief advisor to a national government on matters of security. He or she is not usually a member of the cabinet but is usually a member of various military or security councils. Condoleezza Rice, among others, appear in the October 13 issue of FORTUNE, available on newsstands October 6 and at www.fortune.com on September 29. The list, more diverse than ever before, contains 10 newcomers. "That's impressive, given that winning a spot on the list just keeps getting more difficult. When we launched it in 1998, heading a $3 billion business practically guaranteed inclusion. That's not so anymore. Just to maintain rank on the list, in fact, a woman has to gain power," says editor-at-large Pattie Sellers. Rounding out the top five are 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 , President and CEO of eBay (No. 2); Andrea Jung, Chairman and CEO of Avon Products (No. 3); Anne Mulcahy, Chairman and CEO of Xerox (No. 4); and Marjorie Magner, Chairman and CEO of the Global Consumer Group at Citigroup (No. 5). But do women really want power? "Dozens of powerful women we interviewed tell us that they don't want to be Carly Fiorina; many don't want to run a huge company," says Sellers. As surprising as it may sound, it may be that women lack power in business because they don't want it enough. This is especially true among younger women, say some. "It's the single most worrisome thing to me," says Judy Rodin, president of the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. . "They might not want to fill the pipeline." To create the list, FORTUNE judges the candidates--limited to women in for-profit businesses--according to four criteria: the size and importance of the woman's business in the global economy; her clout inside her company; the arc of her career (how quickly she has risen and where she's likely to go); and, when appropriate, her influence on mass culture and society. Ten newcomers join the list this year: Gail Berman, President, Entertainment, Fox Broadcasting, News Corp. (No. 25); Christine Poon poon n. Any of several trees of the genus Calophyllum, of southern Asia, having light hard wood used for masts and spars. [Sinhalese p , Worldwide Chairman, Pharmaceuticals, Johnson & Johnson (No. 27); Linda Dillman, 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 CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. , Information Systems, Wal-Mart Stores (No. 28); Myrtle Potter, COO and EVP, Commercial Operations, Genentech (No. 29); Mary Sammons, President and CEO, Rite Aid (No. 37); Jenny Ming, President, Old Navy, Gap (No. 42); Lois Quam, CEO, Ovations, UnitedHealth Group (No. 43); Ursula Burns, SVP SVP S'il Vous Plaît (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul & President, Business Group Operations, Xerox (No. 44); Christina Gold, President, Western Union Financial Services, First Data (No. 49); and Dawn Hudson, President, Pepsi-Cola North America, PepsiCo (No. 50). In addition, FORTUNE publishes an international Power 50 list, composed of women who have an operating role in for-profit businesses outside the U.S., including women based in the U.S. who run overseas divisions. In order, the top ten are: Marjorie Scardino, CEO, Pearson (Britain); Belinda Stronach, CEO and President, Magna International (Canada); Anne Lauvergeon, Chairman, Areva (France); Nancy McKinstry, CEO and Chairman, Wolters Kluwer (Netherlands); Mary Ma, CFO See Chief Financial Officer. , Legend Group Holdings (China); Maureen Kempston Darkes Vera Maureen Kempston Darkes, OC , O.Ont , LL.B , LL.D (born c. 1949) is a Canadian lawyer and automotive executive who is the General Motors Group Vice President; President, GM Latin America, Africa and Middle East; a member of the General Motors Automotive Strategy Board, since , Group Vice President, General Motors (U.S.); Marlina Berlusconi, Vice Chairman, Fininvest (Italy); Lien Siaou-Sze, Senior Vice President, HP Services Asia-Pacific (Singapore); Eiko Kono, Chairman and CEO, Recruit (Japan); and Ho Ching, Executive Director, Ternasek Holdings (Singapore). This year, FORTUNE's Most Powerful Women in Business Forum will coincide with the publication of the 2003 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 Scottsdale, Arizona on September 29 to 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. |
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