From the pinnacles of power by Fortune editor at large Patricia Sellers
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July 8, 2009, 1:57 pm

Guest Post: Starbucks goes to Rwanda

Last week, Rica Rwigamba attended a meeting with Starbucks (SBUX) CEO Howard Schultz at the U.S. embassy in Rwanda. Rica lives in Kigali, Rwanda’s capital, where she is co-owner and director of New Dawn Associates, a “responsible tourism” and event management company. Rica is also a participant in the 2009 Fortune-U.S. State Department Global Women Leaders Mentoring Partnership, an extension of the Fortune Most Powerful Women Summit. Through this mentoring program, Rica spent three weeks in May shadowing her assigned mentor, Mary Wittenberg, who is the CEO of the New York Road Runners (which puts on the New York Marathon each November). We asked Rica to share her observations of the Starbucks event with Postcards readers, and she offered this captivating account.

Rica Rwigamba at Fortune's Most Powerful Women Dinner, May 2009

Rica Rwigamba at Fortune's Most Powerful Women Dinner, May 2009

It was a gathering of more than 50 Rwandan business people and staff from the U.S. embassy, Howard and members of his team, and fair trade guys. It felt great to be part of it, and I realized the power of being part of a network. Lots of the people in the room were directors and experts in their fields. Some have undergone trainings or U.S. sponsored programs like me, and that is how they got invited.

I had read about Howard, so I knew his remarkable achievements and his picture. It was funny to see that the woman I sat next to didn’t have a clue about him and didn’t even know what he looked like until I pointed him out. I can’t bet $1 million USD that she wasn’t the only one who didn’t know about him, because I don’t have that kind of money. But it was interesting to witness that!

His message wasn’t what was expected. Everyone waited to hear how he had climbed the ladder and made so much money. He didn’t really talk about that. Instead he talked about how special Rwanda was and how he felt he wanted to contribute to the development of the country. He praised the people of Rwanda for their efforts and constant struggles. He shared his memories of the meeting he had with a woman member of a coffee cooperative whose dream was to own a cow. He compared his life as a young man who came from a humble background and how it’s not money that really makes a person, but values — which many forget about because of riches.

The highlight of the event was the interaction with the crowd. One man pointed out an initiative started in eastern Rwanda to sell coffee made by women once a week. This was done to encourage men to let women make money from their work. Women often work the hardest in the field but they never get to sell their crops. So this guy said that they convinced the men to let women sell their products on Thursday at local markets and brand them “coffee made by women.” And what is selling the best?  The man then asked Starbucks to encourage this culture within cooperatives that they participate in and one day sell “Coffee made by Rwandan women” in their stores.

The crowd really applauded that. And a woman from the fair trade group later said that something similar was happening in Latin America, and that Femina was sold as “coffee made by women.” It will be interesting to see if this initiative is actually implemented! Howard invited this guy to attend a meeting in Seattle that will take place this year.

It was great to witness the active discussion and to know that Starbucks has now opened an office in Rwanda, and that we are the first African country where they have an office. If nothing else, I hope our coffee gets a permanent market and that the culture of drinking coffee is spread in Kigali and around the country. Did I say that I am drinking delicious Rwandan coffee while writing this?

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June 29, 2009, 2:27 pm

Filling the tech talent pipeline

I had breakfast today with some extraordinary college students — all women, all majoring in the sciences. That alone makes them extraordinary. After all, women constitute 46% of the U.S. workforce today. But women hold only 26% of the jobs in engineering science and technology. Fewer than 10% of American engineers are women.

The young women whom I met this morning are trying to change that, and we’re cheering them on. They make up the first class of participants in the National Math + Science Young Leaders Program, a new partnership between Fortune, ExxonMobil (XOM), and the National Math + Science Initiative.

If you read Postcards regularly, you know about the Fortune-U.S. State Department Global Women Leaders Mentoring Partnership, which is another offshoot of the Fortune Most Powerful Women Summit. That global mentoring program, launched in 2006, is a remarkable success: 32 rising stars from 23 developing countries came to the U.S. for a month this spring and were mentored by America’s top women execs. This new mentoring venture is aimed at filling a glaring gap here at home.

We already have an impressive lineup of mentors. Three of ExxonMobil’s senior women — VP of global marketing Margaret Mattix, VP of Engineering Sara Ortwein, and VP of Geoscience Pam Darwin — are mentoring college students in Texas, close to their offices. The other mentors are venture capitalist Ann Winblad of Hummer Winblad, Kendle International (KNDL) CEO Candace Kendle, and Kathy Button Bell, chief marketing officer at Emerson (EMR), the $25 billion manufacturing and technology company.

And there’s one “mentor-at-large” who coaches via National Math + Science Young Leaders webinars: Sally Ride. Yes, the astronaut. Ride, a regular at the Most Powerful Women Summit, now has a company, Sally Ride Science, and has dedicated her post-orbit life to encouraging girls to go into science and math.

The young women who bravely venture in that direction — and help to ease a tech talent drought that’s only worsening — need role models more than ever. Mentee Stephanie Ren, who is an electrical engineering major and computer science minor at University of California Berkeley, noted this morning that guys outnumber girls by close to 10 to 1 in her computer science classes. Ren also said that after spending a day in Silicon Valley with Winblad recently — and meeting some of the veteran VC’s high-powered pals — she came to believe that she has a shot at living her dream: to work at Google (GOOG) someday.

Incidentally, Ren said that after Google, she envisions becoming an elementary school teacher. (I tell everyone “Don’t plan your career” — and said the same to these young women at breakfast — but I applaud Ren for aiming to “pay it forward” to the next generation of techies.)

At the least, this new National Math + Science Young Leaders Program will give smart young women a little more confidence to be pioneers. Another mentee, Therica Grosshans, who’s a geology major at the University of Houston, said this morning that visiting ExxonMobil and getting to know her mentor, Pam Darwin, changed her outlook on her own career. Says Grosshans, “She made me feel that I can get that far.”PATTIE signature

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June 23, 2009, 5:44 pm

Power Point: Keep it simple

“His ability to boil things down, to just work on the things that really count, to think through the basics… It’s a special form of genius.”

– Bill Gates on what he’s learned from mentor Warren Buffett, as told to Fortune in this week’s Best Advice issue. Of all the great advice the Microsoft (MSFT) founder has gotten from Buffett — his greatest mentor besides his dad — “one of the most interesting is how he keeps things simple,” he says. “You look at his calendar, it’s pretty simple.”

The same philosophy guides the Berkshire Hathaway (BRKB) chief’s business moves. Gates explains, “You talk to him about a case where he thinks a business is attractive, and he knows a few basic numbers and facts about it. He picks the things that he’s got a model of, a model that really is predictive and that’s going to continue to work over a long-term period.”

Simplicity never goes out of style — but we do need to be reminded to get back to basics. Time Inc. built a successful magazine on this theme: Real Simple. The concept of “keeping it simple” is also universal. It’s the message Pattie often turns to when advising me on my writing for Postcards. And as you’ll read in the issue, this is also the best advice that the world’s No. 1 golfer got from his dad. –Jessica Shambora

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June 23, 2009, 3:38 pm

Ex-Microsoft exec lands a big gig at Juniper

Gerri Elliott, one of Microsoft’s (MSFT) star execs, left the company early this year to spend more time with her family. Yes, seriously to spend time with her family. As I wrote in January, her departure was a major loss for Microsoft, according to senior executives there, and it was also a case of a powerful woman asking, “Why kill myself and miss my kids growing up?”

Now Elliott, who spent 22 years at IBM (IBM) before moving to Microsoft and heading the $8 billion Worldwide Public Sector unit there, has finished her hands-on familial gig and hasn’t taken long to find a new one back in the business world. Today, Juniper Networks (JNPR) announced that Elliott is coming on board in a new position crafted for her: EVP of Strategic Alliances.

Elliotts’s friends and former colleagues aren’t surprised. She and Juniper’s CEO, Kevin Johnson, have known each other for two decades, going back to their stints together at IBM and Microsoft. In fact, Elliott says she remembers the day 17 years ago when Johnson walked into her IBM office and told her he was leaving to go to upstart Microsoft. He asked her if she would take him back if he screwed up. Little did Johnson know — or Elliott either — that he would rise to head Microsoft’s biggest business, Windows, and one of its toughest, search.

For a decade, Johnson tried to hire Elliott at Microsoft. But she was a bleed-Blue loyalist. Caving in 2001, she flew from Connecticut to Seattle on September 10. Her first day at Microsoft was 9/11. Between running the company’s enterprise business in the Americas, co-heading the Americas organization, and leading the global Public Sector, Elliott handled some of Microsoft’s largest customers–which include countries and government agencies.

After she left in January, she followed the advice of a good friend: She didn’t take headhunter calls for two months. “I wanted and needed this break with my daughter,” Elliott, 53, told me in an email today. But the phone didn’t stop ringing, and eventually she considered CEO positions at start-ups, a president post at a Fortune 500 company,and COO and EVP jobs at several tech companies.

The only thing that really excited her was working with Johnson again. “He’s an exec who cares about the whole person,” she says — and he proved his worth by agreeing to put in Elliott’s Juniper employment contract that she’ll be able to go to the Fortune Most Powerful Women Summit. That’s the annual confab that I chair, and yes, I was shocked when Elliott told me that this event is so important to miss.)

Also in Elliott’s new contract: permission to participate in the annual Fortune – U.S. State Department Global Women Leaders Mentoring Partnership. This is a program that brings rising-star women from developing countries to shadow American women who participate in the MPWomen Summit. Since we launched the program in 2006, Elliott has been one of the program’s most supportive mentors.

So Johnson has lured Elliott to Silicon Valley by tailoring the job to her. The other clincher, she says: Juniper values partnerships. “I mean really values them, like it’s in their DNA,” she says. Elliott will hit the ground running and work to fortify the networking giant’s existing partnership with Nokia (NOK), Siemens (SI) and IBM.  Actually, she’s hard at work already. When I checked in with her earlier today, she was on the road with Johnson, visiting a Fortune 500 giant and trying to strike another major alliance. — Pattie Sellers

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June 12, 2009, 6:10 pm

The week: A random walk with power players

The sun’s coming out in New York City after a week of seemingly endless rain. This was also a whirlwind week of interesting encounters.

On Tuesday, I had lunch, unexpectedly, with Walt Disney (DIS) CEO Bob Iger. We were both at the New York Stock Exchange for Jeff Sonnenfeld’s Yale CEO Summit, and Iger was getting the “Legend in Leadership Award.” The Summit was off the record (as was the lunch), but I can tell you that Iger talked about the commonly held notion that the world is flattening out culturally. It’s a misconception, he contends. He noted a rise in local pride and said that Disney, in response, is turning distribution centers into creative centers and producing more local TV shows. My Fortune colleague Richard Siklos wrote about this and more in “Bob Iger Rocks Disney” earlier this year.

On Wednesday, I led a Q&A with Condoleezza Rice. This was for a small group of execs, private and pro bono. (We at Fortune can’t take money; I do these gigs occasionally for exposure and connections.) It was off-the-record, but I can tell you that Rice, now at Stanford University, is optimistic about the Middle East. She’s planning to teach in the fall. For now, she’s busy writing two books: one on foreign policy and the other about her parents. Ever a model of discipline, she gets up at 5:15 a.m. to work out — better than a 4:30 a.m., which was her wake-up time in Washington. This is her routine six days a week — after working out, she writes for three or four hours. (And yes, she’s writing the books herself.)

Yesterday, my Postcards partner Jessica Shambora and I shared and learned wisdom about careers on NBC Universal’s Mentors Walk. Check out our Thursday’s Postcard. By the way, Jess and I saw The Taking of Pelham 1 2 3 last night. If you’re up for intensity, see it. Travolta is tremendous.PATTIE signature

P.S. David Kirkpatrick, Fortune’s star tech editor and writer who’s been on book leave since last August, just swung by and gave me a big, big hug. He’s working tirelessly on The Facebook Effect, due next spring. You can follow the book’s progress and become a fan at www.facebook.com/thefacebookeffect.

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June 11, 2009, 3:15 pm

Career advice from the pros

Seventy of New York’s top women in media joined 160 aspiring young women for a “Mentors Walk” in Central Park this morning. It was drizzly and great. NBC Universal (GE) and Step Up Women’s Network, a non-profit group all about advancing women and girls, hosted. The Mentor Walk’s creator, former Oxygen Media CEO Gerry Laybourne, was there along with J. Crew (JCG) President Tracy Gardner, Bank of America (BAC) Merrill Lynch media analyst Jessica Reif Cohen, Glamour Editor-in-Chief Cindi Leive, Real Housewives of New York star Bethenny Frankel….an eclectic mix!

Lauren Zalaznick, president of NBCU’s Women & Lifestyle Entertainment Networks, was mentor-in-chief. She, along with the rest of us mentors, accompanied the young women on a “walk & talk” through Central Park, followed by breakfast at Tavern on the Green. I walked with a young woman named Maria Jordan, a young finance manager who spent four years at IBM (IBM) before moving to General Electric’s (GE) NBCU. Jessica Shambora, my Postcards colleague, walked with Zalaznick, who is something of a media-industry phenom, having built Bravo into a highly profitable cable brand. Jessica and I both learned a lot and thought we’d share with you by letting you in on our post-Mentors Walk email chat:

Jessica: What did you talk about with your mentees?

Pattie: My favorite advice that I give to young people, women and men alike: Focus on the job at hand. Don’t plan your career. And think of your career as a jungle gym, not a ladder. Who can know, especially in today’s unpredictable world, what the next big thing will be? You need to have peripheral vision and swing to opportunities as they come along. Agree?

Jessica: I do. I think Lauren Z. would too. She told her mentees, “In your career, you can have high expectations for good experience, but it’s hard to have expectations for an exact path.” From her perspective, today was about helping the mentees understand the things they need to be thinking about to get to the next level in their career, as opposed to thinking your mentor or anyone else is going to just give you a job. Although we both know that can happen at these events!

Pattie: Indeed! So I gotta share our story. I did my first Mentors Walk in 2006. I was assigned to a mentee named Selena Soo, this charismatic young woman who got a velvet grip on me and never let me go. Since then, I’ve spoken and moderated panels at events that she’s organized. One event was 15 months ago at NYU: a career panel with Citigroup (C) CMO Lisa Caputo and a few other rising-star women. Before the panel began, you walked up to me and said, “My name is Jessica Shambora. I’ve read your stuff for years and I’ve seen you on panels. I even blogged about you.” I loved your manner and your confidence.

Jessica: Yeah, I just thought it would be cool to get to know you. I felt a strong connection to the “Most Powerful Women” idea—the stuff that you talked and wrote about often. I never imagined what would happen next. I was just pursuing my passions and interests, and it led to one of those “right place, right time” situations…

Pattie: That’s a lesson. You never know what will come out of a chance encounter. As a Fortune Editor at Large who started here 25 years ago as a reporter (like you are now!), I’ve been struck so often that just getting out there brings opportunity. First, you have to be curious. Curiosity is an undervalued trait. Second, you need to think broadly. Back to that peripheral vision that I mentioned. It’s so easy to bury yourself in your work—there’s so much to do!—but if you’re young and really smart, you think broadly: How can I contribute beyond my assignment? You look for ideas outside your four walls. That is, if you have four walls!

Jessica: Yes, and these are all things you can do no matter what state the economy is in. In fact, you should do them even more during tough times. We’ve heard this from a few different business leaders that we’ve written about on Postcards: Don’t hunker and hide. Get out there, be curious, look around. Think big.

One of the last things Lauren said this morning was about strking the right balance between celebrating and questioning success. When times are tough, she said, make sure to celebrate successes. In good times, deconstruct your successes so your business will have discipline and rigor to survive tough times. It’s a bit counterintuitive. But it’s good advice so you don’t get complacent or take any success for granted.

Pattie: I would never!PATTIE signature

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June 3, 2009, 6:07 pm

MPWomen in New York: the evening in pictures

Fortune Most Powerful Women gathered for a blow-out celebration in May. We kicked off our 2009 MPWomen’s Summit theme, Betting on the Future, with a panel discussion with Google’s (GOOG) Marissa Mayer, Goldman Sachs’ (GS) Dina Powell, and Meredith Whitney, the influential bank-industry analyst. Also part of the evening: 32 rising star women leaders from 23 developing countries — participants in the 2009 Fortune-U.S. State Department Mentoring Partnership. For more on the gala, click here.

Scenes from the party…

Jocelyne Attal and Cecilia AttiasJocelyne Attal, former Avaya CMO, and Cecilia Attias, former First Lady of France
Meredith Whitney, bank industry Cassandra

Meredith Whitney, bank industry Cassandra

WNBA chief Donna Orender, Susan Saint James, Solera Capital CEO Molly Ashby, and Danskin boss Carol Hochman

WNBA chief Donna Orender, Susan Saint James, Solera Capital CEO Molly Ashby, and Danskin boss Carol Hochman

Melanne Verveer, U.S. Ambassador-at-Large

Melanne Verveer, U.S. Ambassador-at-Large

International Mentees with Gayle King (in orange) and daughter Kirby Bumpus (2nd from left)

International Mentees with Gayle King (in orange) and daughter Kirby Bumpus (2nd from left)

Studio Museum of Harlem's Thelma Golden

Studio Museum of Harlem director Thelma Golden

The team behind the MPWomen Mentoring Program: Goldman Sachs managing director Dina Powell, Vital Voices CEO Alyse Nelson, and the State Department's Chris Miner

The team behind the MPWomen Mentoring Program: Goldman Sachs managing director Dina Powell, Vital Voices CEO Alyse Nelson, and the State Department's Chris Miner

Gilt Groupe CEO Susan Lyne and Gayle King

Gilt Groupe CEO Susan Lyne and Gayle King

Time Inc. Chairman & CEO Ann Moore

Time Inc. Chairman & CEO Ann Moore

MPWomen Betting on the Future panelists Marissa Mayer of Google, Dina Powell of Goldman Sachs, and Meredith Whitney (with Pattie Sellers)

MPWomen Betting on the Future panelists Marissa Mayer of Google, Dina Powell of Goldman Sachs, and Meredith Whitney (with Pattie Sellers)

Marissa Mayer, Google's queen of search

Marissa Mayer, Google's queen of search

Pattie and the Daily Beast's Tina Brown

Pattie and the Daily Beast's Tina Brown

CNN's Christiane Amanpour

CNN's Christiane Amanpour

MPWomen International Mentees and Christiane

MPWomen International Mentees and Christiane

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May 27, 2009, 3:52 pm

Two Lindas leaving lofty corporate posts

Two more Most Powerful Women — the latest, both named Linda — are leaving big companies.

One is Royal Dutch Shell’s (RDS.A) Linda Cook — whose exit lends fresh meaning to the term “leaky pipeline.” Cook, executive director at the Anglo-Dutch oil giant and No. 3 on Fortune’s 2008 international Most Powerful Women list, will leave next Monday after losing the CEO race there, according to the Wall Street Journal. Strangely, the New York Times this past Sunday ran a first-person piece by Cook, 50, about her unlikely career path. She grew up in Kansas, was one of few women in engineering, and early on bunked with the boys in a mud loggers’ trailer to get the job done at Shell.

And the other Linda who is leaving? That’s Linda Dillman of Wal-Mart (WMT). EVP of Benefits and Risk Management and a multi-time star on Fortune’s Most Powerful Women list, Dillman is departing the world’s biggest retailer at the end of July. Yes, her exit is surprising — and not. In 2003, Dillman told me that she questioned every promotion she got. “Promotions have come to me before I felt I was ready,” she said. In 2002, when she was offered the CIO job at Wal-Mart, she replied, “Tell me what you’re going to do if I don’t take the job.” The higher-ups persuaded her to accept the post.

Dillman, who isn’t speaking publicly about her latest move, apparently wants to return to her roots: technology (and in her current lofty post, she wasn’t doing what she loved). Given her recent experience in benefits and HR, some people think she might move into HIT — health information technology. Hmm, maybe General Electric (GE), which is expanding aggressively in that area, would have an interest in Dillman.

Like a lot of accomplished women, Dillman defines power broadly — with a global view: Over the years, she’s been a standout mentor in the Fortune/U.S. State Department Global Women Leaders Mentoring Partnership. Dillman’s 2009 mentee, Wilma Judish Appenteng, just returned to Ghana after spending three weeks in Bentonville, Arkansas. The folks in Bentonville and the star manager from Ghana, I’m told, opened each other’s eyes to the world.PATTIE signature

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May 26, 2009, 3:33 pm

Gerry Laybourne reemerges, wisdom intact

Where in the world is Gerry Laybourne? Last we heard, she sold Oxygen Media for almost $1 billion to General Electric’s (GE) NBC Universal. The media-industry icon, who had built Viacom’s (VIAB) Nickelodeon before creating Oxygen, has been notably quiet since her mega-sale in the fall of 2007.

In fact, I didn’t know what Laybourne was up to until last week, when I ended up at her apartment on the Upper West Side of Manhattan. Reason I was there: Laybourne invited the participants in this year’s Fortune/U.S. State Department Global Women Leaders Mentoring Partnership for idea-sharing on a variety of topics—business-building, creativity, women and power, the state of the universe. Each May, Laybourne meets with the mentees — rising-star women from across the developing world who come to the U.S. to shadow participants in the Fortune Most Powerful Women Summit. Every May, the mentees say that meeting with Laybourne is one of the highlights of their month-long U.S. visit.

So this year I went to the Laybourne powwow — and as I admitted to her last week, I went partly to find out where in the world she’s been. “India, Bhutan, the Amazon—places I never had time to go to,” Laybourne told the 32 women from across the globe. One of her favorite trips was to Namibia, she said. That’s home to two of this year’s 32 mentees.

Laybourne really sounded liberated to be out of a job. “I’m happy to be a broader global citizen than I was when I was a grunt of a businesswoman and had time [during a trip] only to go to the hotel or to the meeting.”

Not that she’s abandoning her career forever. Now is prime time for women leaders, she contends. “Men’s brains are bigger, but we have more pre-frontal cortex, so we make connections better.” And connections — collaborations, partnerships, joint ventures — are more critical to business and politics than ever.

So is being adaptable, since today more than ever, who knows what tomorrow will bring? Women may have an edge in that respect. “We keep a lot of open folders in our minds, which is why we drive men crazy,” she told the group. “I joke that Steve Jobs is part woman because he has such an intuitive way of thinking about things,” she said, professing her admiration for Apple (AAPL). (She’s an Amazon (AMZN) fan too. Loves her Kindle.)

Laybourne noted two areas where women aren’t too adept. “One is tooting your own horn,” she said. “Women are slaves to facts and don’t take risks as readily and trust their intuition.” She felt her own intuition blocked at Disney (DIS), where she spent a couple of years pre-Oxygen and felt that centralized control and over-analysis of ideas hampered creativity. “Eighty percent of business decisions get made on intuition,” she ventured.

Laybourne is trusting her gut — yes, her intuition — to lead her to her next gig. She wouldn’t say what it might be, but clearly she’s thinking about government as well as business. “I’m very excited by the Obama Administration,” she said, citing education, health care and infrastructure as three areas that particularly interest her. She has a screen saver on her computer that shows all the U.S. Presidents — 43 white guys — and then Barack Obama. “It’s a beautiful image,” she said. “I have so much hope, I can hardly stand it.”

Watch for Laybourne to reemerge. For a woman who wanted to be a city planner, became a teacher and then an entrepreneur, and ended up as one of the media world’s great pioneers, the world is open to her.PATTIE signature

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May 22, 2009, 5:30 pm

Most Powerful Women take New York

“Betting on the Future.” That’s the 2009 theme of Fortune’s Most Powerful Women, who convened in New York City last evening for a mega-celebration and some very smart conversation. I’m not sure I belong on stage with three superstars under 40: Bank analyst Meredith Whitney, Google’s (GOOG) Marissa Mayer, and Goldman Sachs’ (GS) Dina Powell. But there I was (at age 49), talking with them them about how they’ve navigated their careers and how they view the future.

It was an insanely inspiring evening, thanks also to 32 young women from 23 developing countries. This happened to be the last night in the U.S. for these participants in this year’s Fortune/U.S. State Department Global Women Leaders Mentoring Partnership. These international women are nominated by the State Department’s embassies in developing countries and chosen by Fortune to shadow American women leaders each May. Some of this year’s mentors — including Time Inc. (TWX) CEO Ann Moore, Fidelity Personal Investing president Kathy Murphy, American Express (AXP) execs Joan Amble and Susan Sobbott — were with us last evening.

So were plenty boldfaced names: Tina Brown, Nora Ephron, CNBC’s Becky Quick, CNN’s Christiane Amanpour. My Postcards colleague Jessica Shambora sat beside Sheri McCoy, Johnson & Johnson’s (JNJ) Worldwide Pharmaceuticals chairman, who is No. 44 on Fortune’s Most Powerful Women list.

A few Best Moments from the evening:

Best Career Lesson: Mayer, Google’s vice president of search products and user experience, talked about juggling 14 job offers after she graduated from Stanford. She interviewed with Google founders Sergey Brin and Larry Page and guessed that their start-up had “a 2% chance of succeeding,” she said. But she also figured, “I’ll learn more failing at Google” than succeeding at a well-established, stuck-in-its-ways company. She took a risk, And look at where it got her. At 33, Mayer is the youngest person ever to make Fortune’s Most Powerful Women list.

Smartest Industry Outlook: Meredith Whitney, who is No. 35 on our MPWomen list and made Fortune’s cover last August, said that more banks will fail as the economic recovery stumbles and some giants fail to adapt. The survivors: nimble companies that revamp their business models. One that she bets will succeed: American Express. (Click here to see Whitney talking with CNNMoney’s Poppy Harlow.)

Most Dynamic Duo: Gayle King, O magazine editor at large and Oprah Winfrey’s best friend, who brought as her “rising star” guest her daughter Kirby. A 23-year-old Stanford grad, Kirby Bumpus is pursuing her Masters in Public Health — and this summer doing an internship with teens in Harlem, teaching them about sex education.

Most Moving “Greatest Mentor” tribute: Rica Rwigamba, who runs an eco-toursim company in Rwanda, spoke about her mother and drew tears and standing ovations. This charismatic entrepreneur, who was one of the 2009 mentees, told a story about her mother returning to Rwanda after the country’s genocide and finding a new home for her husband and children. After Rika’s tribute, CNN”s Christiane Amanpour, sitting beside her, talked about her “Greatest Mentor.” She started by citing the remarkable success of women in a revived Rwanda today: Women hold 56% of the seats in Parliament. CNN’s chief international correspondent segued into a tribute to her mentor: Ted Turner, who built CNN.

Best Party Crasher: Cecilia Attias, who divorced French President Nicholas Sarkozy in 2007, remarried and has moved to Manhattan. She came with Jocelyne Attal, the former CMO of Avaya who now has her own marketing firm, JAgency. Surprise! Attias’s arrival was particularly dicey since the only dinner seat we had for the former First Lady of France was at a way-in-the-back table. Frantically, we tried to make the necessary switches. We couldn’t do it in time before everyone was seated. I have to say, Attias was lovely and most gracious. She thanked us and said she was thrilled that we were able to accommodate her.

We were happy to have her with us…along with 180 other extraordinary women who define power broadly and reach out globally to try and make the world a better place.

Stay tuned to Postcards for video from the evening. Meantime, have a good weekend!PATTIE signature

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Pattie SellersPatricia Sellers has written some of Fortune's most talked-about cover stories, including "Can Meg Whitman Save California?", Melinda Gates ("The $100 Billion Woman"), "MySpace Cowboys," Martha Stewart ("I cannot be destroyed"), Ted Turner ("Gone with the Wind") and Oprah Winfrey ("Oprah Inc."). And she has broken ground with insightful pieces on career management issues such as ego ("Get Over Yourself!"), and "Charisma: Do You Need It? Can You Get It?" Pattie chairs the annual Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business, philanthropy, government, academia, and the arts. And she has helped oversee Fortune's "Most Powerful Women in Business" cover package since its launch in 1998. She started at Fortune in 1984, covering the big consumer brand companies.
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Jessica ShamboraJessica Shambora started with Fortune as a reporter in June of 2008, following a stint as assistant editor at Travel+Leisure Golf. Shambora has written for Sports Illustrated, SI Latino, Women's Health, and Triathlete. She is a frequent contributor to Postcards.
Every year Fortune and the U.S. State Department sponsor the Global Women Leaders Mentoring Partnership, which brings rising-star women from developing countries to the U.S. to work closely with participants of the annual Fortune Most Powerful Women Summit - among them CEOs Andrea Jung of Avon, Ann Moore of Time Inc., and Anne Mulcahy of Xerox.
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