Postcards
Power Point: Up the ante!
March 19, 2009: 6:34 PM ET"While economic challenges forced others to step back, we moved forward."
- Wal-Mart CEO Mike Duke, in a memo to employees announcing that the company is awarding some $2 billion in incentives--bonuses, profit sharing, merchandise discounts, and contributions to 401(k) and stock-purchase plans--to hourly employees in the U.S. That's up from $1.2 billion in incentives a year ago. Good for the folks in Bentonville, doing their part to pump up the U.S. economy and satisfying shareholders too. Wal-Mart (WMT) stock is flat vs. a year ago--standout performance amidst the market meltdown.
For the smartest take on how Duke won the succession contest to replace Lee Scott as CEO of the world's largest retailer, read my colleague Suzanne Kapner's story in the February 18 issue of Fortune. - Pattie Sellers
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Jamie Dimon: No bonuses for you!
"I feel like I'm riding a bronco and holding on for dear life most of the time." That's how JPMorgan Chase (JPM) chief Jamie Dimon described his life last Thursday when he picked up a "Legend in Leadership Award" at the Yale CEO Summit in New York.
No boss, in banking at least, is as candid as Dimon -- as we've learned at Fortune over the years, and the Summit attendees MORE
Patricia Sellers - Dec 15, 2008 1:56 PM ET -
Beware the pay gap!
Tonight's CNBC documentary hosted by David Faber, Untold Wealth: the Rise of the Super Rich, talks about the widening gap between "haves" and "have-nots" in America. In 1985, there were only 13 billionaires in the U.S. Today there are more than 1,000, and hundreds of thousands of multi-millionaires.
This calls to mind a conversation that Pattie Sellers (Postcards' main author) and I had yesterday with a well-known chief executive. We were MORE
Patricia Sellers - Jun 26, 2008 5:33 PM ETPosted in: CNBC, David Faber, hedge funds, management, pay, Personal Power, Postcards, Power Shift, the spread, turnover, Wall Street
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Fortune Most Powerful Women
Sheryl Sandberg:
Gina Bianchini
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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