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: Carol Bartz, whom the Yahoo (YHOO) board fired in the most unceremonious style two weeks ago. Thanks to co-anchor Andrew Ross Sorkin for generously plugging my interview with Bartz, one day after her ouster. (If you missed the zesty Bartz story, you can read it here.) And if you want to see what I said about who's up, down, and new to the Fortune MPW list, here's the clip from CNBC.
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As I told the 400 people gathered at the YWCA "Tribute to Women" dinner, the "glass ceiling" concept is out of date--and let's rethink how far corporate women have come.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
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
Lots of Most Powerful Women—the stars of Fortune's annual list--are moving up and making news. You know about Kraft Foods (KFT) CEO Irene Rosenfeld snagging Cadbury (CBY), the British candy giant, last week after a messy, multi-month battle. With her heftiest shareholder, Berkshire Hathaway (BRKB) CEO Warren Buffett, skeptical about the deal, Rosenfeld has plenty to prove. But assuming it goes through, the acquisition will make Kraft larger than MORE
Patricia Sellers - Jan 25, 2010 3:52 PM ET
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
"You're seeing less of Ford and G.M. and more of Oscar Mayer and Kellogg."
-- George Belch, chairman of the marketing department at San Diego State University, in the New York Times. While financial services companies like Citigroup (C) and automakers like Ford (F) and General Motors (GM) are cutting ad budgets, companies like Kellogg (K) and Kraft (KFT), maker of Oscar Mayer products, are stepping into the advertising MORE
Jessica Shambora, Writer-Reporter - Oct 7, 2009 6:04 PM ET
"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
by Patricia Sellers
Dawn Hudson spent more than a decade chasing stretch goals at PepsiCo (PEP). She headed sales and marketing at Frito-Lay, the consumer giant's snack unit. She led marketing at Pepsi-Cola North America and ascended to CEO of that $5.5 billion business.
That job turned out to be Hudson's ceiling inside PepsiCo, where chairman and CEO Indra Nooyi has put her own stamp on the company. Hudson (who ranked as MORE
Patricia Sellers - Mar 26, 2009 1:39 PM ET
Guidance--the revenue and profit forecasts that companies divvy out to Wall Street analysts--is dying a slow death. Hooray for that!
As a slew of big names--Wal-Mart (WMT), Costco (COST), Microsoft (MSFT) and Yahoo (YHOO), among them--announced in the past two weeks that they would suspend or limit guidance because of economic uncertainty, analysts who follow these companies have reacted skeptically. Not giving 2009 guidance "hardly instills confidence in the business," Sanford MORE
Patricia Sellers - Feb 6, 2009 3:25 PM ET
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
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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