Postcards
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Morgan's Mack fights the attacks
It feels like an earthquake on Wall Street, and Morgan Stanley's (MS) CEO is trying to stay standing. On Monday a week ago, Mack told me, "I'm not thinking about selling the firm. I'm thinking about investing in the firm in a big way." Morgan shares have fallen 58% since, and they're down 18% just today.
Wachovia (WB) CEO Bob Steel phoned Mack yesterday to talk about a possible merger, according MORE
Patricia Sellers - Sep 18, 2008 3:04 PM ET -
Bob Rubin: Waning pay, waning clout?
Interesting to see Bob Rubin giving up his big title, chairman of the executive committee, at Citigroup (C). His new title: senior counselor. Citi contends that Rubin's day-to-day duties, which center on advising the company's board and executives, remain the same and that eliminating the executive committee is just an administrative change to simplify things. The committee's power, which was to act for the board between meetings, now transfers to MORE
Patricia Sellers - Aug 27, 2008 2:27 PM ET
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Fortune Most Powerful Women
Sheryl Sandberg:
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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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