"Right now, nothing is more important than a nimble, agile leader, who is comfortable with ambiguity and figuring it out as they go along."
--Avon (AVP) President Liz Smith, in a discussion led by Pattie Sellers at NYU today. The panel, which also included Cece Sutton, Morgan Stanley's (MS) new retail banking president, was hosted by Forte Foundation. (To view video of the dialogue, click here.)
Smith and Sutton, both on Fortune's Most Powerful Women list, talked about how the global recession has altered what they seek in the talent they recruit. Smith values flexibility and a certain comfort with not knowing what tomorrow will bring--because more than ever, who can predict? Management, she said, has become "less strategic planning than scenario planning: 'If this, then what?'"
It's also more important than ever to be "completely transparent in order to take your people along on the journey," Smith said. Sutton agreed, adding: "People who are successful now are great operators: Know the business and be in the weeds." --Jessica Shambora
"The price of inaction is much higher than the price of making a mistake."
-- Meg Whitman, who was CEO of eBay (EBAY) from 1998 until she retired this past March. Whitman said this at the 1999 Fortune Most Powerful Women Summit while speaking on a panel about the future of the Internet with Morgan Stanley (MS) tech analyst Mary Meeker and Joy Covey, then CFO of Amazon.com (AMZN). The panel MOREJessica Shambora, Writer-Reporter - Oct 1, 2008 8:26 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). MOREJessica Shambora, Writer-Reporter - Sep 30, 2008 12:11 PM ET
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