Postcards
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Mack and Morgan Stanley: The leader makes the difference
In my 24 years of writing for Fortune, I've focused on profile-writing, steadfast in my view that people, not systems, determine the fates of companies and economies around the globe. George Bush is proof positive (or negative, as the case may be) that the leader makes the difference. Now, as we watch Morgan Stanley (MS) get a lifeline from Mitsubishi UFJ Financial Group (MTU), which is buying a $9 billion MORE
Patricia Sellers - Oct 13, 2008 1:18 PM ET -
Power Point: Better not to know?
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
-- Henry Ford, founder of Ford Motor Company (F). Ford was a prominent businessman during the 1929 run on the markets. Today, few people can say they truly understand what's going on. Even the titans of Wall Street — the MORE
Jessica Shambora, Writer-Reporter - Sep 18, 2008 6:52 PM ETPosted in: 1929, auto industry, banks, CEOs, Ford, Henry Ford, John Mack, markets, Morgan Stanley, Postcards, Power Point, Wall Street -
Power Shift: Fidelity execs move on
I see that Bob Reynolds, who quit Fidelity Investments last year knowing he would never inherit the CEO post from patriarch Ned Johnson, has landed at rival Putnam Investments as CEO. Good for Reynolds, but tough job ahead since Putnam is fighting fund redemptions and client defections.
Another former top exec at Fidelity who left, similarly frustrated, is Ellyn McColgan. Morgan Stanley (MS) CEO John Mack scooped her up and lured MORE
Patricia Sellers - Jun 13, 2008 5:00 PM ET -
Inside the fall of Wall Street's most powerful woman
The end came quickly for Erin Callan. It was at Thursday's executive committee meeting, the daily 8 a.m. gathering of Lehman Brothers' top executives, that Callan, the firm's chief financial officer, admitted she had lost credibility with the Street and offered to give up the job.
Just like that, Wall Street's most powerful woman fell. Her move came nearly seven months after Zoe Cruz, until then considered the Street's top woman MORE
Patricia Sellers - Jun 12, 2008 3:36 PM ET
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Pattie Sellers has written some of Fortune's most talked-about cover stories, including "Oprah's Next Act," "Can Meg Whitman Save California?" "The $100 Billion Woman" (Melinda Gates), "MySpace Cowboys," Martha Stewart ("I cannot be destroyed"), Ted Turner ("Gone with the Wind") and Oprah Winfrey ("Oprah Inc."). Since its launch in 1998, Pattie has helped oversee Fortune's "Most Powerful Women" cover package.
A specialist at dissecting larger-than-life personalities, she has also profiled former U.S. Treasury Secretary Hank Paulson, Morgan Stanley chairman John Mack, and countless CEOs.
Pattie co-chairs the annual Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business, philanthropy, government, academia, and the arts. She started at Fortune in 1984, covering the big brand companies.
In Pattie's blog, Postcards, she provides insight into the lives of super-achievers through commentary, career advice, and Guest Posts by CEOs and other leaders.
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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 Ursula Burns of Xerox.
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