Postcards
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Random bits of hope
It's hard to be hopeful. Turmoil in the financial markets is spreading geographically and psychologically. The Dow closed down 508 points today. At last week's Fortune Most Powerful Women Summit, we heard plenty about stress and sleep deprivation -- starting with Warren Buffett's comments on a clearly exhausted Treasury Secretary Hank Paulson. Sallie Krawcheck, who is leaving her high-level post at Citigroup (C), and Barclays Capital (BCS) vice chairman Barbara Byrne MORE
Jessica Shambora, Writer-Reporter - Oct 7, 2008 7:22 PM ETPosted in: Apple, banks, Barbara Byrne, Barclays, berkshire hathaway, CEOs, Cisco, Citi, Citigroup, consumer goods, eBay, Facebook, FDIC, FORTUNE Most Powerful Women Summit, FORTUNE MPWomen, Google, Hank Paulson, Indra Nooyi, Leadership by Geoff Colvin, management, markets, Mary Meeker, McCain, Meg Whitman, mobile device market, Morgan Stanley, Obama, Padmasree Warrior, PepsiCo, politics, Postcards, Power Shift, presidential race, Sallie Krawcheck, Sheila Bair, Sheryl Sandberg, Silicon Valley, stock market, technology, telecom, Wachovia, Wall Street, Warren Buffett, Wells Fargo -
Power Point: Beware emotion in the markets
"People go crazy occasionally. We don't get smarter when it comes to emotion. That's what got us into this mess."
-- Warren Buffett last Thursday at the Fortune Most Powerful Women Summit. The Berkshire Hathaway (BRK.B) CEO was explaining the root of the turmoil in the global financial markets: "Virtually every American...came to believe that home prices could do nothing but go up." Buffett went on to note that U.S. housing MORE
Patricia Sellers - Oct 6, 2008 8:16 PM ET -
Warren Buffett, Meredith Whitney, Carol(s) Brady and Burnett
Featuring Warren Buffett and beyond, there's a wealth, so to speak, of video from last week's Fortune Most Powerful Women Summit. Especially now, with the markets in turmoil, these video segments are worth checking out. There's Buffett on the $700 billion bailout. Buffett on why he expects to make a hefty profit on his recent $3 billion investment in General Electric (GE), and Buffett on gender equality (wise and amusing MORE
Patricia Sellers - Oct 6, 2008 2:11 PM ETPosted in: Arianna Huffington, Bank of America, banks, berkshire hathaway, Brady Bunch, bridge, Carol Burnett, CEOs, Citigroup, consumer goods, Florence Henderson, FORTUNE MPWomen, General Electric, Huffington Post, ING, Jan Brady, JPMorgan Chase, Kathy Murphy, Leadership by Geoff Colvin, management, Marcia Brady, Martha Stewart, media, Melanie Healey, Most Powerful Women Summit. Most Powerful Women, Nintendo, Postcards, Power Point, Procter & Gamble, San Diego, Wachovia, Wall Street, Waren Buffett, Wells Fargo, Wii -
Gates, Buffett and Powerful Women
What a wrapup this morning at the Fortune Most Powerful Women Summit. I interviewed Melinda Gates -- with Warren Buffett watching from the front row. Buffett was flanked by his daughter, Susie, and his daughter-in-law, Jennifer, both of whom are powerful philanthropists in their own right.
It was fascinating to have Melinda Gates talk about her heady missions -- find an AIDS vaccine, eradicate malaria, reform U.S. education, bring a Green Revolution to Africa MORE
Patricia Sellers - Oct 3, 2008 5:25 PM ETPosted in: banks, Barbara Byrne, Barclays, berkshire hathaway, Bill & Melinda Gates Foundation, Bill and Melinda Gates Foundation, CEOs, Citigroup, eBay, FORTUNE Most Powerful Women Summit, FORTUNE MPWomen, General Electric, Goldman Sachs, John McCain, Leadership by Geoff Colvin, Lehman Brothers, management, Meg Whitman, Melinda Gates, Meredith Whitney, Most Powerful Women, Obama, Penny Pritzker, philanthropy, politics, Postcards, Power Shift, Sallie Krawcheck, Wachovia, Wall Street, Warren Buffett, WB, Wells Fargo, WFC -
Power Point: Embrace the imperfect capital market
"I think we've got fabulous capital markets in this country, and they get screwed up often enough to make them even more fabulous. I mean, you don't want a capital market that functions perfectly if you're in my business. "
--Warren Buffett, CEO of Berkshire Hathaway (BERK) and billionaire investor, to Fortune's Nicholas Varchaver in his cover story, "What Warren Thinks..." On Tuesday Goldman Sachs (GS) announced that it will receive MORE
Jessica Shambora, Writer-Reporter - Sep 24, 2008 7:22 PM ET
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In her first public interview since taking on the CEO gig at Yahoo, Marissa Mayer outlines her priorities both in and out of the company. Watch
Brenda Barnes famously quit a big job to be with her kids. Years later, a massive stroke nearly killed her--and her daughter returned the favor. Watch
Fortune senior editor at large Pattie Sellers has written some of Fortune's most talked-about cover stories, including "Marissa Mayer: Ready to Rumble at Yahoo," "Oprah's Next Act," "Can Meg Whitman Save California?" "The $100 Billion Woman" (Melinda Gates), and "Remodeling Martha" (Martha Stewart). She has helped oversee Fortune's "Most Powerful Women in Business" package every year since its launch in 1998. Pattie is Executive Director of the Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business and beyond. She oversees MPW programs that enable women leaders to extend their influence and empower the next generation—such as Fortune MPW Entrepreneurs and the Fortune-U.S. State Department Global Women Leaders Mentoring Partnership. Beyond her Fortune duties, she is also developing Live Content across Time Inc. Pattie grew up in Allentown, PA, graduated from the University of Virginia, and started at Fortune in 1984. Her blog, Postcards, is about how power players lead, manage others, and navigate their careers.
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The Fortune/U.S. State Department Global Women Leaders Mentoring Partnership brings rising-star women from countries around the world to the U.S. for three-week mentorships with participants of the annual Fortune Most Powerful Women Summit - among them Ursula Burns of Xerox, Laura Lang of Time Inc., Marissa Mayer of Yahoo, and Tory Burch.
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