Best of Most Powerful Women Summit: Day One

IBM CEO Ginni Rometty

The Fortune Most Powerful Women Summit packed in famous names and exclusive interviews on Tuesday.

IBM (IBM) CEO Ginni Rometty, No. 1 on the 2012 Most Powerful Women list, did her first interview since taking the CEO job in January.

Kraft Foods CEO Irene Rosenfeld talked strategy on the day she split her business into two new companies.

Former Yahoo (YHOO) CEO Carol Bartz gave advice to new chief Marissa Mayer on reviving the business.

Stay tuned to Postcards and visit this MPW site for highlights, videos and stories from the Summit, which continues today. You can watch the main-stage sessions, starting at 8:45 a.m. PST and listed on the Summit agenda, by registering here. It's all free.

Meantime,  here are five of my favorite quotes from yesterday's MPW Summit sessions:

"Never love something so much you can't let go of it."
- IBM CEO Ginni Rometty on the reinvention that is essential for long-term success

"As a woman, I don't have to tell you that size is not everything."
- Irene Rosenfeld on splitting Kraft and now running Mondalez International (MDLZ), a $36 billion-a-year part of the $54 whole.

"Sooner rather than perfect"
- Xerox (XRX) CEO Ursula Burns' sign on her office wall. Here's a video clip of Leigh Gallagher's interview with Burns.

"Changing culture is not a sprint. It's a marathon."
- Carol Bartz's advice to Yahoo CEO Marissa Mayer. Here's a video clip of me interviewing Bartz.

"You have to be awesome with your flaws, the things that aren't exactly perfect."
- Coca-Cola (KO) SVP Wendy Clark on building a social media mega-brand, with authenticity.

More highlights! Lena Dunham, the star and creator of HBO's Girls, was charming and funny as she talked about next-gen power and her show's critics with CNN's Soledad O'Brien.

And my conversation with former Sara Lee CEO (HSH) Brenda Barnes and her daughter, Erin, touched and brought some tears to the MPW audience. Barnes had a major stroke in 2010, and Erin quit her job to help her mom recover. "The Rehabilitation of Brenda Barnes" is in the current issue of Fortune. Stay tuned here on Postcards for more on a video clip of our conversation at the Summit.

Posted in: Carol Bartz, Ginni Rometty, Irene Rosenfeld, Ursula Burns, Wendy Clark

• Who's up, down and off the Most Powerful Women list

  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: MORE

  Patricia Sellers - Sep 29, 2011 12:09 PM ET
  Posted in: Andrew Ross Sorkin, Carol Bartz, CNBC, Indra Nooyi, Irene Rosenfeld, Kraft, Leadership by Geoff Colvin, Most Powerful Women, PepsiCo, Postcards, Power Shift, Squawk Box, Yahoo

• The women on Fortune's Executive Dream Team

  The 2011 Fortune Most Powerful Women list will be announced on September 29. Meantime, a few stars on the 2010 MPW list are on Fortune's Executive Dream Team--a fantasy all-star lineup of managers, selected by Fortune editors with assists from recruiters and other business know-it-alls.

  I use the term know-it-all with endearment because the selections, revealed today, are good. The non-executive chair of choice: Anne Mulcahy, the former CEO of Xerox MORE

  Patricia Sellers - Aug 22, 2011 3:55 PM ET
  Posted in: Anne Mulcahy, CEOs, consumer goods, Fortune Most Powerful Women list, FORTUNE MPWomen, Ginni Rometty, headhunters, Irene Rosenfeld, Leadership by Geoff Colvin, management, Most Powerful Women, Postcards, Power Shift, Sheryl Sandberg

• Hear them roar: Global 500's women CEOs

  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 MORE

  Colleen Leahey, Reporter - Jul 12, 2011 2:30 PM ET
  Posted in: Chief executive officer, Christine Lagarde, Fortune 500, FORTUNE MPWomen, Global 500, Indra Nooyi, Irene Rosenfeld, Most Powerful Women, MPWomen Go Global, Patricia Woertz, PepsiCo, Postcards

• Career Rx: Raise the roof and reinvent

  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 MORE

  Patricia Sellers - Mar 7, 2011 7:34 AM ET
  Posted in: ADM, CEOs, consumer goods, FORTUNE MPWomen, Indra Nooyi, Irene Rosenfeld, Kraft, Mattel, Most Powerful Women, Most Powerful Women Entrepreneurs, MPWomen Entrepreneurs, Pat Woertz, PepsiCo, Postcards, Power Point, SHEEX

• Women CEOs top the Dow's gains

  by Patricia Sellers

  Here we are in 2011, and how odd is it that only a dozen Fortune 500 companies have female CEOs?

  This despite plenty of evidence that placing women in key positions pays off for investors.

  Maybe it's coincidental -- at least it's worth noting -- that two of the Dow 30 companies that delivered the best stock-market gains in 2010 are run by women.

  One is Dupont (DD), whose CEO, Ellen MORE

  Patricia Sellers - Jan 4, 2011 11:07 AM ET
  Posted in: caterpillar, CEOs, consumer goods, DuPont, Ellen Kullman, FORTUNE MPWomen, Indra Nooyi, Irene Rosenfeld, Kraft, Most Powerful Women, PepsiCo, Postcards, stock market

• The 2010 Most Powerful Women ... and 2011?

  By Patricia Sellers

  The 2010 Fortune Most Powerful Women list is out!

  You can check out the entire MPWomen package here.

  This includes the full ranking of 50 MPWomen in U.S. Business, our D.C. Power List and more.

  PepsiCo (PEP) CEO Indra Nooyi is No. 1 on our U.S. list for the fifth year in a row. Kraft Foods' (KFT) Irene Rosenfeld is right behind her, at No. 2.

  I went on CNBC's Squawk Box MORE

  Patricia Sellers - Sep 29, 2010 12:56 PM ET
  Posted in: FORTUNE MPWomen, Indra Nooyi, Irene Rosenfeld, Postcards

• Buffett and Kraft: Three truths

  Rarely does a rebuff from Warren Buffett do so much good. Kraft Foods (KFT) stock rose 4.9% yesterday after the Oracle of Omaha, whose Berkshire Hathaway (BRKA) is Kraft's largest shareholder, voted against an issuance of  370 million shares to help finance a Cadbury (CBY) acquisition. Cadbury fell, on the logic that Buffett, by tightening the leash on Kraft CEO Irene Rosenfeld, is preventing her from sweetening the price for MORE

  Patricia Sellers - Jan 6, 2010 3:52 PM ET
  Posted in: berkshire hathaway, CEOs, consumer goods, FORTUNE MPWomen, investing, Irene Rosenfeld, Kraft, Postcards, Warren Buffett

• Power Point: Worry about your people

  "At the end of a day the performance of a company like Kraft has everything to do with the quality of the people that we have in the key roles and so I spend most of my time worrying about whether that's the case, making sure...we have the right people in the right places, that they have the resources that they need to get the job done."

  -- Kraft (KFT) CEO MORE

  Jessica Shambora, Writer-Reporter - May 5, 2009 6:57 PM ET
  Posted in: ADM, Andrea Jung, Anne Sweeney, archer daniels midland, Avon, AVP, CEOs, consumer goods, dis, Disney, earnings, entertainment, FORTUNE MPWomen, Irene Rosenfeld, KFT, Kraft, Leadership by Geoff Colvin, mpw, MPWomen, Pat Woertz, Postcards, Power Point

• Most Powerful Women: The list about the list!

  We've spent the last three months slicing and dicing the accomplishments and career histories of the most powerful women in business -- far too many facts and figures to fit into our Most Powerful Women package in the magazine. Here are 10 intriguing facts that we couldn't find space for in print:

  Youngest woman to ever appear on the list: Marissa Mayer, VP of Search and User Experience at Google (GOOG). MORE

  Jessica Shambora, Writer-Reporter - Sep 30, 2008 12:11 PM ET
  Posted in: Andrea Jung, Anne Mulcahy, Avon, AVP, Brenda Barnes, Carol Meyrowitz, CEO, CEOs, Citigroup, Credit Suisse, CS, DD, Diane Greene, DuPont, Ellen Kullman, Erin Callan, Fortune Most Powerful Women list, FORTUNE MPWomen, Google, Harpo, Heidi Miller, Indra Nooyi, Irene Rosenfeld, JPM, JPMorgan Chase, Katie Benner, KFT, Kraft, Leadership by Geoff Colvin, LEH, Lehman Brothers, Marissa Mayer, Meredith Whitney, Morgan Stanley, mp, MPWomen, MPWomen list, MS, Oppenheimer, Oprah, Oracle, PEP, Pepsi, PepsiCo, Postcards, Proct, Safra Catz, Sallie Krawcheck, Sara Lee, SLE, Susan Arnold, Susan Chambers, TJX, Ursula Burns, VMW, VMWare, Wal-Mart, Xerox, Zoe Cruz