When Fortune published its first Most Powerful Women in Business list in 1998, there was Carly Fiorina at the top and not a huge amount of power underneath.
Relatively speaking, that is.
That 1998 Fortune MPW list included just two Fortune 500 CEOs: Jill Barad of Mattel (MAT) and Marion Sandler, who was co-chief of Golden West Financial with her husband, Herb. The 2013 Fortune MPW list, released this morning, includes 20 Fortune 500 CEOs. At the top: Ginni Rometty of IBM (IBM).
Fifteen years ago, most of the Fortune MPW were in the consumer packaged goods and media industries. The 2013 list features consumer-products stars--PepsiCo (PEP) chief Indra Nooyi, Mondelez (MDLZ) CEO Irene Rosenfeld and Procter & Gamble's (PG) Mel Healey and Deb Henretta. But women in tech dominate the new rankings. The 2013 top 10 includes five tech execs: Rometty, Facebook's (FB) Sheryl Sandberg (No. 5), Yahoo (YHOO) chief Marissa Mayer (No. 8) and Hewlett-Packard (HPQ) boss Meg Whitman (No. 9).
If you doubt that women overall are gaining power in corporate America, consider: Women run the two largest tech companies in the U.S.: IBM and Hewlett-Packard. Lynn Good, a newcomer to the list, heads Duke Energy (DUK), the biggest U.S. electric utility. And Marillyn Hewson (No. 4) is CEO of the world's largest defense contractor, Lockheed Martin (LMT). The 2013 MPW list includes four women in defense, vs. no defense-industry executives in 1998.
There are lots of moms on the 2013 MPW list (all of the top 10 except Rometty). And in general, Fortune's MPW are getting older. Average age: 53, vs. 48 in 1998. And why are the MPW aging? In part because their businesses are getting bigger: Today's Fortune MPW typically oversee at least $6 billion in sales, vs. $1 billion or so 15 years ago. Experience, as well as size, matters.
And for the first time ever, one woman who has always made Fortune's MPW list dropped off: Oprah Winfrey. Her cable network, OWN, seems to have overcome its startup struggles and is drawing bigger audiences, but the business isn't big enough to put Oprah, No. 50 last year, on the 2013 list.
Women in technology top the Fortune Most Powerful Women list. Sheryl Sandberg and Marissa Mayer move up. Meg Whitman slips. Who's No. 1? IBM rules again.
Ginni Rometty is Fortune's 2013 Most Powerful Woman in Business. The (IBM) chairman and CEO, who took charge at the start of 2012, takes the No. 1 spot on the MPW list for the second year in a row.
PepsiCo (PEP) CEO Indra Nooyi retains her MOREPatricia Sellers - Oct 10, 2013 9:00 AM ET
Chandrika Tandon, financial advisor (and sister of Pepsi CEO Indra Nooyi), talks about her new album -- and work-life balance.chandrikaStephanie N. Mehta, Deputy Managing Editor - Apr 15, 2013 9:00 AM ET
In four years as CEO of the Coca-Cola Co., he has cranked up profits and trumped Pepsi in the beverage wars. Now Kent is shaking up Coke's culture and remaking the company in his own image.
FORTUNE -- Muhtar Kent, the son of a Turkish diplomat, grew up in Thailand, India, and Iran, and he runs a company that operates in more than 200 countries. So it is rare for him MOREPatricia Sellers - May 10, 2012 5:00 AM ET
The best CEOs, I've learned in my 27 years at Fortune, come to the job with a deep-seated passion and a very personal view of what they want to accomplish.
PepsiCo's Indra Nooyi may be struggling lately. Yes, investors are impatient with her healthy-products strategy, the stock is down, and the Pepsi boss dropped to No. 2 behind Kraft Foods (KFT) CEO Irene Rosenfeld on the 2011 Most Powerful Women list.
But MOREPatricia Sellers - Nov 10, 2011 11:14 AM ET
The just released Fortune Most Powerful Women list includes more Fortune 500 CEOs than ever. And next week's Most Powerful Women Summit includes plenty of them--Indra Nooyi of PepsiCo (PEP), Ellen Kullman of DuPont (DD), Pat Woertz of ADM (ADM), Denise Morrison of Campbell Soup (CPB)...plus one guy who manages to secure an invitation to the Summit every year. Warren Buffett. Fortune senior editor at large Carol Loomis will interview MOREPatricia Sellers - Sep 30, 2011 2:40 PM ET
The biggest news about the 2011 Fortune Most Powerful Women list is that we have a new No. 1: Kraft Foods (KFT) CEO Irene Rosenfeld bumped PepsiCo's (PEP) Indra Nooyi to the No. 2 spot.
But when I went on CNBC this morning to reveal the new rankings, the Squawk Box anchors seemed most interested in who fell off our top 50 Power list. First and foremost to leave the list: MOREPatricia Sellers - Sep 29, 2011 12:09 PM ET
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 MOREPatricia Sellers - Aug 30, 2011 10:48 AM ET
This is a great summer for powerful women.
There are the obvious victories, like Christine Lagarde grabbing the reigns of the International Monetary Fund after Dominque Strauss-Kahn's tumultuous fall from grace.
And then there are the successes that you won't read about in the tabloids. Two Fortune 500 companies, Sempra Energy (SRE) and Guardian Life, promoted women to CEO this past month--Debra Reed and Deanna Mulligan, respectively. Campbell Soup (CPB), named Denise MOREColleen Leahey, Reporter - Jul 12, 2011 2:30 PM ET
by Patricia Sellers
Delivering a talk on Women and Power in Princeton on Thursday night, I tossed out a term that the crowd really liked: Raise the roof!
As I told the 400 people gathered at the YWCA "Tribute to Women" dinner, the "glass ceiling" concept is out of date--and let's rethink how far corporate women have come.
Not that bias against female managers has gone away--far from it, as I've written right MOREPatricia Sellers - Mar 7, 2011 7:34 AM ET
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