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    Blog Posts by Fortune Magazine

    • Most Powerful Women

      By Beth Kowitt and Rupali Arora



      There's been plenty of turmoil atop Fortune's annual Most Powerful Women list. Meg Whitman crashed the party, coming in at No. 9 when she became CEO of Hewlett-Packard. (As CEO of eBay, she was on the list from 1999 to 2007.) While Oprah Winfrey fell 10 spots to No. 16, her power and influence in flux without the platform of her eponymous syndicated talk show.



      Perhaps the biggest change of all? Kraft CEO Irene Rosenfeld takes the No. 1 position from PepsiCo chief Indra Nooyi, who topped the list for five years. This ranking is all about power, and while Nooyi runs the bigger company, Rosenfeld's decision to split Kraft into two entities shows she has it and knows how to use it.



      But for all these high profile changes, there are many more women making big moves with little fanfare. Wal-Mart's Rosalind Brewer (No. 23) has an important new job, running all of the retailer's stores in the East. In addition to Whitman, there are four other females who

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    • Tyra Banks: Insecurity paves the way to success


      By: Patricia Sellers, FORTUNE

      Tyra Banks speaks a simple truth about a lot of powerful women (and many men too): Success, more often than not, is born out of insecurity.

      The supermodel-cum-media entrepreneur created the TV hit, America's Next Top Model, has just released her first novel, Modelland, and is doing a variety of web projects. All of which makes her a powerful role model for many young women and girls.

      Banks went from introvert to "mean girl" to "freak girl"-tall and gawky and insecure-by her early teens, she told me in last week's interview for the MPW-Yahoo (YHOO) Power Your Future series. "I became a victim of mean girls," she said, adding, "I became the victim of myself."

      It was on her first day of high school when a classmate tapped Tyra on the shoulder and asked, "Are you a model?" That was all it took to give her a little self-esteem. Starting to model in 11th grade, she was college-bound (with acceptances from UCLA, USC, and Loyola Marymount) but

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    • Billie Jean King's surprising secret to success

      Photo Credit Jonathan ExleyPhoto Credit Jonathan ExleyBy Patricia Sellers, FORTUNE

      What is the No. 1 trait that has led to your success?

      Warren Buffett's is focus-according to Alice Schroeder, author of the Buffett bio Snowball, who spoke, as I did, at a corporate event at the U.S. Open last week.

      Getting ready to go on stage, I thought, what's my key trait? Curiosity, I guess. It keeps a journalist alive and open to ideas.

      So I was innately curious to interview Billie Jean King that afternoon at the Open. As soon as we took the stage, to the blare of Elton John's "Philadelphia Freedom" and a standing ovation for the tennis champ, I asked her what is her No. 1 trait. "I love people," she replied.

      It wasn't the answer I expected, and I didn't understand it at the time. Though it is an appropriate one for this audience, which was convened by Adecco (AHEXY), the global staffing giant. ("Did you customize your answer?" I asked. King swore she did not.)

      For the next hour, King rushed the net, interview-wise-volleying

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    • Getting a grip on power: 10 tips for a successful career

      By Patricia Sellers, FORTUNE

      Ever since Fortune, in 1998, started ranking the top women in business (yes, we were first), I've been asking the stars of the Most Powerful Women list how they reached the top and how they stay there. One month away from revealing our 2011 MPW rankings, now seems a good time to share some of their best career tips.

      Here is my Top 10:

      1.Don't plan your career. Most of the women on the Fortune MPW list, starting with PepsiCo (PEP) CEO Indra Nooyi, No. 1 in the rankings since 2006, had no clear career map when they graduated college or business school. Rather, they stayed flexible and open to the possibilities.

      2. Forget the ladder; climb the jungle gym. What good is a ladder when the world is changing so fast and unpredictably--and who knows what tomorrow's ideal job will be? Think of your career as a jungle gym, sharpen your peripheral vision, and look for opportunities all around.

      3.Worry about the job you're in. "If you don't do

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    • Xerox CEO’s career advice: Listen to your mom

      By Patricia Sellers, Fortune

      When Ursula Burns went to Washington and met with President Obama last Friday, at least two people in the room personified her notion of what leads to great success: "The biggest differentiator is not how you are born," says the Chairman and CEO of Xerox (XRX). "It's how you're influenced throughout your life."

      Barack Obama had a remarkable single mother to influence him. As did Burns, who grew up on New York's gritty Lower East Side and was guided, she says, by her mother, who advised:

      "Where you are today is not who you are," Olga Burns told her daughter, urging young Ursula not to be defined by her surroundings.

      "Success is not about money. It's not about power. It's about leaving." Burns explains: "She would always say that you have to leave the place -- any place you are -- a little bit better than you came in."

      "And the third thing she always said is that there are a lot of things that can happen to you, but there are a whole

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    • Keys to success from Avon's top boss

      By Patricia Sellers, FORTUNE



      In every successful career there is a moment: You could quit. But you resist, wisely.

      For Andrea Jung, the chairman and CEO of Avon Products (
      AVP), this moment happened right after college, when she was in the management training program at Bloomingdale's. All day everyday, there she was in the stockroom, switching vendor hangers for store hangers on thousands of pieces of clothes. "I remember calling my parents around Thanksgiving and saying, 'You paid for me to have a great education and this is really not that meaningful…Maybe I will quit.'"

      Jung, who grew up in a traditional Chinese-American family with a tremendous amount of discipline, had made her way to Princeton and wanted to go into the Peace Corps. But her parents didn't have a lot of money, so they insisted she take a more conventional path. When Jung called them about quitting that first job at Bloomingdale's, "the reaction was fast and furious," she recalls. Her parents told her: "You
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    • McDonald's boss takes health crusade personally

      By Patricia Sellers, Fortune

      The McDonald's (MCD) boss behind the healthy upgrade to its U.S. menu is practicing what she preaches: She recently lost 90 pounds.

      Jan Fields, who started at McDonald's 33 years ago cooking fries and is now the fast food chain's U.S. president, was soon to turn 55 when, she says, "I woke up one day and said, "Oh my God, how did I gain this much weight?"

      Like millions of her customers at the 14,000 restaurants she oversees, Fields added her weight gradually--"10 pounds at a time: 10, 10, 10 and all of a sudden, I looked and I said, 'Oh, my God, I've gained 90 pounds. How did I ever do that?"

      Related: The woman behind the McDonald's hiring blitz

      Of course, McDonald's tops critics' hit list for compounding America's obesity epidemic, but Fields insists that her own culprit wasn't food but lack of exercise. "I didn't exercise," she confesses. "I worked all the time, went home and went to bed."

      Fields, No. 25 on Fortune's Most

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    • Disney's Anne Sweeney talks authenticity, acting, and autism

      By Patricia Sellers, Fortune



      As the most powerful woman in children's television, Anne Sweeney meets a lot of girls who wish they were Selena Gomez or Miley Cyrus or tomorrow's superstar.

      But Sweeney insists that she sees plenty of accomplished women in business who do that very same thing.

      "I see a lot of women of every age trying to be something else," says Sweeney, the co-chair of Disney Media Networks and president of the Disney ABC Television Group. "I see them trying to imitate behaviors that they think belong to successful people."

      Trying to be the smartest person in the room, or vying to be first with the answer, can easily lead to defeat, Sweeney warns. Particularly for women since studies show that there is, at every level of the business world, a narrower band of acceptable behavior for women than for men. Women, quite simply, are judged more harshly.

      Sweeney, who began her career at Nickelodeon (VIAB) and launched the FX channel for Fox (NWS) before arriving at Disney

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    • This beauty queen is no girly girl

      By Patricia Sellers, Fortune



      You might think that a woman who sells $20 billion worth of beauty products in a year would have been, in her youth, a girly girl.

      Not Gina Drosos. "I was a total tomboy," she says.

      The top boss of Procter & Gamble's (PG) global beauty division is, like quite a few of Fortune's Most Powerful Women, a recovering jock. Growing up in Atlanta with a brother and a neighborhood packed with boys, Drosos was a basketball star. She played shooting guard for the Ridgeview High School girl's team, which named her MVP. At P&G, where she started 24 years ago as a summer intern and marketed Spic 'n Span floor cleaner early on, she has spent her spare time coaching basketball--her daughter's grade-school team.

      In fact, it was as coach of her daughter and a team of sixth-grade girls, that Drosos learned her best lesson in balancing work and family. A couple years ago, when a mandatory business trip to Asia clashed with a basketball tournament, Drosos promised the kids

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    • Fortune's Most Powerful Women and Yahoo! Shine: Keys to success

      By Patricia Sellers, Fortune Magazine

      China's Yang Lan and Avon CEO Andrea JungChina's Yang Lan and Avon CEO Andrea JungFortune and Yahoo! (YHOO) are teaming up to present weekly content -- stories and videos -- about Most Powerful Women. This is the first in a series of Postcards that will appear on Yahoo! Shine and Fortune.com.

      It's the start of Most Powerful Women season at Fortune Magazine.

      This is the time we begin hunting in earnest for the most successful women in business around the world. Fortune launched Most Powerful Women (MPW) in 1998 when corporate America was the bastion of white men -- white men without facial hair, to be frank. This was a time when the corporate world was clean-cut, prescriptive, and even more conservative than it is today.

      We decided to rank, not just list, the MPW because guys, which make up the bulk of Fortune's reader base still, are into rank and status and size. Keeping score, maybe you've noticed, is a classically male thing.

      Women are different. We view power horizontally -- it's about making an "impact

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