Postcards
Power Point: Be ready to shoot the ball
August 27, 2008: 3:51 PM ET"Two of the players I used to watch are Bill Bradley and John Havlicek. They were both known for moving without the ball--working to get into a position where you're ready to shoot the ball. In contrast, most people spend a lot of time standing around."
- Eddie Lampert, billionaire hedge fund boss and chairman of Sears Holdings (SHLD). After a stunning rise, which I wrote about in 2006, Lampert is having a really rough run, as he readily admitted when I spoke with him this past June. Now trading around $87, Sears' stock, his largest holding by far, is down 39% in the past 12 months. And Sears has recently lost key executives including chief marketing officer Maureen McGuire and David McCreight, who ran the Lands' End unit and left to become president of athletic apparel maker Under Armour (UA). Sears Holdings announces earnings tomorrow morning.
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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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