FORTUNE -- Job-hopping can be a path to promotions and big pay for many executives, but the global edition of the Fortune Most Powerful Women list, released today, suggests that there is still value in corporate loyalty. Ten of the 50 executives on the list have been working at their companies their entire career.
And the woman at the top—Mary Barra, the No. 1 Most Powerful Woman in Business globally – is a star who not only worked her way up to CEO at General Motors (GM) over 33 years; she did it by not leaning in aggressively. No offense to Sheryl Sandberg (the Facebook (FB) COO with the bestselling Lean In is No. 11 in our global rankings), but I asked Barra, for a Q&A that appears in the new issue of Fortune, if she has ever asked for a promotion. "No, I have not," she replied. Have you ever asked for a raise? "No, I have not," the new GM chief answered matter-of-factly.
Leaning back has not seemed to hurt Barra, 52. Her philosophy: "Do every job you're in like you're going to do it for the rest of your life and demonstrate that ownership of it," she told me. "You deliver and produce results and you do it with high integrity and teamwork, and it'll all work out. You don't have to ask for different jobs, and you don't have to ask for raises.."
That may sound Pollyannish, but more power to Barra if it works out for her longterm. If you've heard the report that she's getting paid less than half of what her CEO predecessor, Dan Akerson, earned, don't believe it. GM has disclosed only Barra's base salary and short-term compensation so far. The company is yet to announce her long-term package, and until that happens in April, no one knows how her pay will compare. (On AC360 with Anderson Cooper Tuesday night, I suggested that the more fuss people make about Barra's pay, the more likely she'll earn more than Akerson.)
Another MPW lifer is making a big job change: Google (GOOG) announced Wednesday that Susan Wojcicki, SVP of ads and commerce, is the new CEO of the company's YouTube unit. Wojcicki, who famously rented her garage to co-founders Sergey Brin and Larry Page when they were plotting their startup and got onboard as employee No. 16, has been a team player much like Barra. It's not in Wojcicki's nature to push her own agenda over the company's to advance her career. Now, after she has built and managed Google's ad products these past 15 years, Wojcicki's new assignment can fulfill her desire to run a business.
Wojcicki's appointment makes sense for YouTube as well. My Fortune colleague Miguel Helft, who wrote a terrific cover story called "Why YouTube Changes Everything" last July, notes that YouTube's No. 1 issue is not content or audience; rather, it's ad rates. So the woman who has been, by some measures, the most powerful woman in advertising will work to make YouTube more than just a cultural phenom: a reliable money machine.
A new venture by two prominent startup investors says much about where Silicon Valley money is heading—and much about the void they leave in their wake.
FORTUNE -- Silicon Valley venture capitalists Jennifer Fonstad and Theresia Gouw are leaving their firms and going into business together.
Aspect Ventures is the name. And the most interesting aspect of this startup—besides the cofounders' focus on mobile, which says a lot about where Silicon Valley MOREPatricia Sellers - Feb 5, 2014 9:00 AM ET
Weathering storms may make you a better boss. One company's silver linings playbook.
FORTUNE -- Neither wind nor rain nor Arctic blast, now socking the eastern U.S. for the second time this winter, keeps good companies down. If a company is great at its core, it actually strengthens when tested by Mother Nature. One example is Guardian Life Insurance Company, which overhauled its workplace culture thanks to lessons learned in the MOREPatricia Sellers - Jan 22, 2014 8:23 AM ET
Facebook exec David Fischer and his dad, Fed choice Stanley Fischer, are both well-suited to work for powerful women bosses.
FORTUNE -- Sheryl Sandberg must be the most politically connected executive in Silicon Valley.
There she was in Washington, D.C., last month when President Obama hosted a powwow with tech honchos at the White House.
Fifteen years earlier, the Facebook (FB) COO served as chief of staff to Larry Summers when he was MOREPatricia Sellers - Jan 13, 2014 11:38 AM ET
In copping the top jobs at the Fed and GM, Janet Yellen and Mary Barra mark a milestone--and show how more women leaders might get ahead.
FORTUNE -- For powerful women, this is a moment.
As Mary Barra prepares to take the wheel at General Motors (GM) next Wednesday--and no woman has never led a corporation that big--Janet Yellen moves in as the new chairman of the Federal Reserve. Meanwhile, the news MOREPatricia Sellers - Jan 10, 2014 1:23 PM ET
What do Warren Buffett, Amazon's late CFO, and employee perks at the Best Companies to Work For have in common? These top stories relate to living wisely and well.
FORTUNE -- I'm not sure what it means that the three most popular stories on Fortune.com in 2013 were, in order, "11 top perks from Best Companies," "Former Amazon star killed in bike accident" and "Warren Buffett is bullish on…women."
But I like that MOREPatricia Sellers - Dec 31, 2013 9:35 AM ET
Amy Schulman thought she was getting her dream job at Pfizer. Now she's out the door at the world's largest drug company.
FORTUNE -- Amy Schulman, one of Pfizer's (PFE) star execs and No. 43 on the Fortune Most Powerful Women list, is out of a job.
And the irony is that her dismissal comes just as she expected to vault into a much bigger one.
When I had lunch with Schulman, 53, MOREPatricia Sellers - Dec 17, 2013 5:59 PM ET
The best type of innovation is disruptive innovation. Who better to teach it than a star Google exec who ran the Pentagon's R&D arm?
FORTUNE -- Disruptive innovation is the kind that unhinges old ways of operating, juices competition and creates new growth.
One of the world's leading experts on the subject is Regina Dugan, Motorola Mobility's SVP in charge of Advanced Technology and Projects, a skunkworks-inspired unit devoted to delivering breakthrough innovations. MOREPatricia Sellers - Dec 17, 2013 8:51 AM ET
The news at General Motors and Twitter proves that women are gaining traction on boards. Demand for tech expertise will change the boardroom ratios in the Fortune 500.
FORTUNE -- While the CEO appointment of Mary Barra at General Motors (GM) is historic (no other woman on earth has ever led a business so big), here's another interesting fact that went largely unnoticed: When Barra joins the GM board on January 15, MOREPatricia Sellers - Dec 13, 2013 11:48 AM ET
General Motors' designated CEO will run the largest woman-led Fortune 500 company.
Mary Barra, the newly named CEO of General Motors (GM), will become the 23rd female CEO of a Fortune 500 company.
And based on revenue--which is what the Fortune 500 is all about--she tops the rankings of women in charge of America's largest companies.
When Barra assumes the top job from current chief Dan Akerson on January 15, she'll be running MOREPatricia Sellers - Dec 10, 2013 12:20 PM ET
|Albertsons to merge with Safeway|
|Alleged Bitcoin creator denies he's the one|
|Everything must go: There's a flood of store closings|
|Jobs report: Hiring picked up in February|
|The real reasons to export U.S. gas|