Real power is personal power—what you do beyond your official job description.
As I've come to know the leaders who make up Fortune's Most Powerful Women community, I've embraced this kind of power. It makes work more than a job.
CEOs like Ursula Burns of Xerox (XRX), Tory Burch, Ellen Kullman of DuPont (DD), Marissa Mayer of Yahoo (YHOO), and Pat Woertz of ADM (ADM) are those sorts of leaders who go beyond the call, stretching their power even as they drill into their day jobs.
These women—as well as top female executives at companies like American Express (AXP), Citigroup (C), Google (GOOG), IBM (IBM), Johnson & Johnson (JNJ), Juniper Networks (JNPR) and Wal-Mart (WMT), as well as Fortune's parent, Time Warner (TWX)—have participated in Fortune's Global Women Leaders Mentoring Partnership.
This program, launched in 2006 in partnership with the U.S. State Department, brings rising-star women from developing countries to the U.S. each May to shadow these and other attendees of Fortune's annual Most Powerful Women Summit. Over the past six years, 200 women from 49 countries have completed the program. To fuel their power globally, we created an award with Goldman Sachs (GS) to honor the most extraordinary of these alums who, after spending a month in the U.S., go home and pay it forward there.
And now, we're announcing the 2012 winners of the Goldman Sachs & Fortune Global Women Leaders Award. Among 25 very impressive applicants, we selected these three:
Catherine Nyambala, who shadowed Marissa Mayer at Google in 2010. An electrical engineer from Kenya, Catherine is now building various programs at home to educate and empower female scientists and engineers. Mayer, who left Google last month to take the CEO job at Yahoo, has visited Catherine in Africa twice and is spurring her on.
Precious Simba, who shadowed Xerox CMO Christa Carone and Y&R (WPPGY) Worldwide Managing Partner Shelley Diamond in 2011. In her native Zimbabwe, Precious has launched mentoring clubs to encourage girls to stay in school. With the help of Xerox and Y&R, she's also created a video series, Future Self, about empowerment.
Madhu Uday, an alum of Goldman Sachs' 10,000 Women Initiative, which provides business and management education to women around the world. In India, differential treatment and poor access to resources put girls at "a serious disadvantage," Madhu notes. So she is building a skills training and mentoring center for underprivileged young mothers. "Empowerment through employment" is her objective.
We'll honor these three women at the 2012 MPW Summit on October 2. They'll share a $50,000 prize and use the money to keep paying it forward in their home countries.
Congratulations to our three honorees. Thanks to our panel of judges: Solera Capital CEO Molly Ashby, Fulbright & Jaworski Partner Linda Addison, Vital Voices CEO Alyse Nelson, and Goldman Sachs Managing Director Dina Powell. And thanks also to the Most Powerful Women who pay it forward by leveraging their power around the world.
Today is International Women's Day--as Google (GOOG) notes by placing a colorful graphic, honoring women, above the search box on its homepage.
If you click on that graphic, you'll arrive at a page that lists a multitude of ways to help women around the world. Google lists 44 organizations--such as Women for Women International and Vital Voices and Camfed--that deploy your donations to empower women.
Click on the link for Camfed, a not-for-profit that MOREPatricia Sellers - Mar 8, 2011 2:58 PM ET
by Patricia Sellers
So, retail sales are up. Unemployment is down. And the Dow is near 11,000.
That doesn't mean that all is right with the world.
So says Meredith Whitney.
The analyst who brought down the bank stocks in 2007--by shining the light on their capital shortfalls--came by Fortune's offices Wednesday afternoon to explain why she's still a bear. I asked her: Will unemployment, now at 9.7%, likely go back up? "I think MOREPatricia Sellers - Apr 8, 2010 2:46 PM ET
by Patricia Sellers
John Mack interviewed Hank Paulson at New York University's Stern School last evening. The Morgan Stanley (MS) chairman, who recently turned over the CEO reins, told me that he wanted to push some emotional buttons in the former U.S. Treasury Secretary and onetime CEO of Goldman Sachs (GS).
And he did. The two talked about the hairiest, scariest moments of the global financial crisis. Mack credited Paulson with keeping MOREPatricia Sellers - Mar 4, 2010 11:51 AM ET
I delved into On the Brink last evening. That's the new memoir by Hank Paulson, the former Treasury Secretary, about trying to save the world--or at least the global financial system--when Bear Stearns (JPM) and Lehman Brothers (BCS) and AIG (AIG) were collapsing around him.
The hell, the fear, the physical illness he felt are long past. When I spoke with Paulson on Friday, he seemed mightily relieved about that--and that MOREPatricia Sellers - Feb 2, 2010 2:00 PM ET
by Patricia Sellers
Lloyd Blankfein hasn't loved buddying up to Washington this past year. After accepting--and repaying--$10 billion in TARP funds to help rescue the global financial system, the Goldman Sachs (GS) CEO has had to raise his presence in D.C., as well as in the press, to defend the firm's record profits and opulent pay. "We went from a bankrupt model to 'too big to fail,'" said Blankfein, referring to MOREPatricia Sellers - Oct 16, 2009 1:13 PM ET
Goldman Sachs (GS) CEO Lloyd Blankfein was one of the few men in attendance Monday night for the opening of the Fortune Most Powerful Women Summit. He had a special role to play: Presenting $25,000 to each of the two recipients of this year's Goldman Sachs-Fortune Global Women Leaders Award.
The award recognizes women from developing countries for making a difference in their own communities, using the skills, knowledge and experience MOREJessica Shambora, Writer-Reporter - Sep 18, 2009 4:08 PM ET
"I saw it as gonzo, over-the-top writing that some people might find fun to read. I was shocked that others saw it as being supporting evidence that Goldman Sachs had burned down the Reichstag, shot the Archduke Ferdinand and fired on Fort Sumter."
- Goldman Sachs (GS) chairman and CEO Lloyd Blankfein in "The Rage Over Goldman Sachs" in this week's Time magazine. Blankfein is talking about last month's damning story MOREPatricia Sellers - Aug 24, 2009 7:28 PM ET
Lloyd Blankfein, the CEO of Goldman Sachs (GS), phoned from Madrid a few weeks ago to share "The Best Advice I Ever Got." This is the cover package in the current issue of Fortune. And you can read wisdom from Blankfein and lots of other power players --Bill Gates, Tiger Woods, Google (GOOG) CEO Eric Schmidt--in the issue and online.
Beyond Blankfein's "Best Advice" that appears in the issue, he told MOREJessica Shambora, Writer-Reporter - Jul 1, 2009 12:11 PM ET
"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 MOREPatricia Sellers - May 22, 2009 5:30 PM ET
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