Postcards
Power Point: It's never too late to start over
October 27, 2009: 5:54 PM ET"Basically, he's just starting 'A.I.G. Two' and raiding people out of 'A.I.G. One."
--Douglas A. Love, an insurance executive whose company employs former AIG (AIG) talent. Love, speaking to The New York Times, was talking about Maurice "Hank" Greenberg, the 84-year-old former CEO of AIG who ws pushed out in an accounting scandal in 2005. Now the irrepressible octogenarian is using his hard-won billions in AIG stock to start a firm that will compete with the behemoth that he built and got bailed out by taxpayers last year.
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Behind the CEO ouster at AIG
The AIG board's Sunday decision to remove CEO Martin Sullivan and replace him with Bob Willumstad may look like a sudden move. Actually the shift at the top was in the works for a while. This past spring, as AIG's directors extended a lifeline to Sullivan, who had led the insurance giant ever since the ouster of Maurice "Hank" Greenberg in early 2005, they quietly were talking to Willumstad about MORE
Patricia Sellers - Jun 16, 2008 4:05 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
Fortune senior editor at large Pattie Sellers has written some of Fortune's most talked-about cover stories, including "Marissa Mayer: Ready to Rumble at Yahoo," "Oprah's Next Act," "Can Meg Whitman Save California?" "The $100 Billion Woman" (Melinda Gates), and "Remodeling Martha" (Martha Stewart). She has helped oversee Fortune's "Most Powerful Women in Business" package every year since its launch in 1998. Pattie is Executive Director of the Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business and beyond. She oversees MPW programs that enable women leaders to extend their influence and empower the next generation—such as Fortune MPW Entrepreneurs and the Fortune-U.S. State Department Global Women Leaders Mentoring Partnership. Beyond her Fortune duties, she is also developing Live Content across Time Inc. Pattie grew up in Allentown, PA, graduated from the University of Virginia, and started at Fortune in 1984. Her blog, Postcards, is about how power players lead, manage others, and navigate their careers.
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The Fortune/U.S. State Department Global Women Leaders Mentoring Partnership brings rising-star women from countries around the world to the U.S. for three-week mentorships with participants of the annual Fortune Most Powerful Women Summit - among them Ursula Burns of Xerox, Laura Lang of Time Inc., Marissa Mayer of Yahoo, and Tory Burch.
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