The Report is called Through The Glass Ceiling.
It is designed to recognize women who have achieved noteworthy successes in business in the past year, as well as those who are poised to play important roles in business in the years to come.
The women are profiled in six separate categories:
1) Women running the show;
2) Women in line to lead;
3) The Inheritors;
4) The Owners;
5) The Grant Giver;
6) The Watchdog.
The watchdogs represent women in regulatory roles.
1.) Elizabeth Grossman profile by Joann S. Lublin
Elizabeth Grossman (37) is second-in-command of the New York district office of The Equal Employment Opportunity Commission. In 1993, she joined the U.S. agency. Some day she may run a non-profit group that champions women's legal rights.
2.) Amy Butte profile by Kate Kelly
Amy Butte (36) is the chief financial officer of the New York Stock Exchange. She is one of the youngest top executives in a field where women account for only 37% of the total work force.
3.) Linda Chatman Thomsen profile by Deborah Solomon
Linda Chatman Thomsen (50) is the deputy director of enforcement at the Securities and Exchange Commission. After serving as trial lawyer, she joined the SEC in 1995 where she has been ever since. "I don't find anything more satisfying than public-service jobs," she told The Wall Street Journal.
The Grant Giver
Patty Stonesifer profile by Marilyn Chase
The one-and-only grant giver in the group of fifty women is Patty Stonesifer. The forty-seven year-old is the president & co-chairman of the Bill and Melinda Gates Foundation.
Previously Microsoft's head of its interactive-media group, today she manages assets of $27 billion. Additional pledges from its founder will soon raise this amount to $30 billion.
1.) Oprah Winfrey profile by Brook Barnes
Oprah Winfrey (50) is one of the world's most prominent and inspirational business women.
Oprah runs Harpo Inc., a company that generates $270 million a year in revenue thanks, in part, to the success she has had airing "The Oprah Winfrey Show" in 110 countries. In addition, O, The Oprah Magazine with 2.7 million in circulation (1/1/04 - 6/30/04) and Oxygen, the women's cable network which she helped launch in 1999 are also part of her multi-million-dollar media company.
2.) Kim Sung Joo profile by Seah Park
South Korea's Kim Sung Joo is interested in creating the Louis Vuitton of Asia.
Based in South Korea, Kim heads Sungjoo International Ltd. and Sungjoo Design Tech & Distribution Inc., the country's largest luxury-goods retailers. She manages 350 employees. Sales last year were $54 million (60 billion won).
Sung-joo is one of two women from South Korea who made the Top Fifty WSJ list.
3.) Fredy Bush profile by Mei Fong
Fredy Bush (46) runs Xinhua Financial Network, China's current financial news production and distribution house.
XFN serves more than 1,000 business clients globally, including Goldman Sachs, HSBC Holdings and J.P. Morgan.
The company, in which Bush owns a 5% stake, competes with financial information powerhouses such as Reuters, Bloomberg and Dow Jones & Co.
4.) Dolly Parton profile by Brook Barnes
Dolly Parton (58) is the reigning queen of Dollywood Co., a rapidly expanding entertainment empire.
Dollywood's annual revenue is estimated at $22 million which includes a library of 3,000 original songs created by Ms. Parton.
In addition, she has a significant stake in theme parks throughout the country including one in Tennessee called Dollywood which attracts nearly three million people a year.
1.) Abigail P. Johnson profile by John Hechinger
Abigail Johnson is the 42 year-old president of Fidelity Management & Research Co. (Fidelity's Chairman & CEO, Edward C. Johnson III, 74, is her father.)
2.) Ana Patricia Botin profile by Carlta Vitzthum
Ana Botin is the 44 year-old chairwoman of Banco Espanol de Credito, one of Spain's oldest banking dynasties (Emilio Botin's daughter)
3.) Shari Redstone profile by Joe Flint
Shari Redstone is the 50 year-old president of National Amusements. She is also Viacom Inc. chairman and ceo, Sumner Redstone's daughter.
4.) Maria Asuncion Aramburuzabala profile by David Luhnow
Marķa Asuncion Aramburuzabala is the 41 year-old vice chairwoman of Grupo Modelo in Mexico. (She is also the granddaughter of a penniless immigrant from Spain who founded Mexico's leading beer company, Grupo Modelo SA, in the wake of the 1910-1917 Mexican Revolution.)
5.) Elisabeth Murdoch profile by Martin Peers
Elisabeth Murdoch is the 36 year-old chairman and chief executive of Shine, a UK-based television production company which she created "in her own image" rather than her father's. (Murdoch is Rupert's daughter. Rupert is the head of News Corp.)
Women In Line To Lead
1.) Karen Katen profile by Scott Hensley
Karen Katen is the president of Pfizer Global Pharmaceuticals.
2.) Marjorie Magner profile by Mitchell Pacelle
Marjorie Magner is the chairman and chief executive of the global consumer group at Citigroup Inc.
3.) Indra K. Nooyi profile by Chad Terhune
Indra K. Nooyi is the president and chief financial officer of PepsiCo Inc.
4.) Zoe Cruz profile by Ann Davis
Zoe Cruz is the global head of fixed income at Morgan Stanley.
5.) Brenda Barnes profile by Janet Adamy
Brenda Barnes is the president and chief operating officer of Sara Lee Corp.
6.) Sharon Allen profile by Diya Gullapalli
Sharon Allen is the chairman of Deloitte & Touche USA LLP.
7.) Susan Arnold profile by Sarah Ellison
Susan Arnold is the vice chairman of Procter & Gamble Co.
8.) Safra Catz profile by David Bank
Safra Catz is the co-president of Oracle Corp.
9.) Linda Cook profile by Chip Cummins
Linda Cook is the executive director of gas and power at Royal Dutch/Shell Group.
10.) Gina Centrello profile by Jeffrey A. Trachtenberg
Gina Centrello is the president and publisher of Random House Publishing Group.
11.) Susan Desmond-Hellmann profile by Ron Winslow
Susan Desmond-Hellmann is the president of product development at Genentech Inc.
12.) Linda Dillman profile by Ann Zimmerman
Linda Dillman is the executive vice president of Wal-Mart Stores Inc.
13.) Fumiko Hayashi profile by Ichiko Fuyuno
Fumiko Hayashi is the president of BMW Tokyo.
14.) Ann Moore profile by James Bandler
Ann Moore is the chairman and chief executive of Time Inc.
15.) Sallie Krawcheck profile by Robin Sidel
Sallie Krawcheck is the chief financial officer of Citigroup Inc.
16.) Jenny Ming profile by Amy Merrick
Jenny Ming is the president of Old Navy.
17.) Vanessa Castagna profile by Ellen Byron
Vanessa Castagna is the chief executive of stores, catalog and the Internet at J.C. Penney Co.
18.) Wu Xiaoling profile by Cui Rong
Wu Xiaoling is the deputy governor of the People's Bank of China.
19.) Yang Mianmian profile by Qiu Haixu
Yang Mianmian is the president of Haier Group, China's leading home-appliances maker.
20.) Mellody Hobson profile by Steven Gray
Mellody Hobson (35) is the president of Ariel Capital Management LLC in Chicago, Illinois. Her firm has $18 billion under management for institutional and individual investors.
21.) Naina Lal Kidwai profile by Eric Bellman
Naina Lal Kidwai (47) is the deputy chief executive officer of India's HSBC PLC. The first Indian woman to graduate from Harvard Business School in 1982, she has helped Indian companies raise billions at home and abroad.
22.) Myrtle Potter profile by David Hamilton
Myrtle Potter (46) is the president of commercial operations at Genentech Inc., the world's first biotechnology company.
23.) Doreen Toben profile by Almar Latour
Doreen Toben (54) is the chief financial officer of Verizon Communications Inc., America's largest phone company.
24.) Yoon Song Yee profile by Seah Park
Yoon Song Yee (28) is the vice president of SK Telecom Co. in South Korea. A graduate of M.I.T., she is the highest-ranking woman executive at SK Telekom, South Korea's largest telecom service provider.
Women Running The Show
1.) Carly Fiorina profile by Pui-Wing Tam
Carly Fiorina (50) has been the chief executive of Hewlett-Packard Co. since 1999.
2.) Margaret C. Whitman profile by Nick Wingfield
Meg Whitman (48) has been the chief executive of the Internet auction site, eBay Inc. since 1998.
3.) Andrea Jung profile by Sally Beatty
Andrea Jung (46), the chairman of Avon Products Inc. today became the beauty products' chief executive in 1999.
4.) Michelle Peluso profile by Melanie Trottman
Michelle Peluso (33) is the founder of Site59.com and the current president and chief executive of Travelocity. She became the ceo of the Internet travel business after serving as its vp of hotels and then coo.
She said, "I always think successful leaders have the ability to wield different tools. As a woman, you can comfortably display a broader array of styles."
She also ascribes to hiring people smarter than herself.
5.) Anne Mulcahy profile by William M. Bulkeley
Anne Mulcahy (52) is the president and chief executive officer of Xerox Corp. She has held this post since July 2001.
6.) Rose Marie Bravo profile by Cecile Rohwedder
Rose Marie Bravo (53) is the chief executive of Burberry Group PLC which today has 85 stores in 24 countries.
7.) Ann Fudge profile by Brian Steinberg
Ann Fudge (53) is the chairman and chief executive of the global advertising agency, Young & Rubicam. She is the only African-American woman who is running a major traditional global operation of this kind.
8.) Patricia Russo profile by Christopher Rhoads
Patricia Russo (52) became chairman and chief executive of Lucent Technologies Inc., the telecom-equipment maker after serving Eastman Kodak as its president and coo.
9.) Xie Qihua profile by Peter Wonacott
Xie Qihua (61) is the chairwoman of China's largest iron and steel producer, Shanghai Baosteel Group Corp.
10.) Debra A. Cafaro profile by Ray A. Smith
Debbie Cafaro (46) is the president and chief executive of Ventas Inc., an owner of nursing homes and other health-care facilities.
11.) Anne Lauvergeon profile by John Carreyrou
Anne Lauvergeon (45) is the chief executive of Paris-based Areva SA, the world's largest maker of nuclear reactors and recycler of nuclear waste.
12.) Ho Ching profile by Barry Wain
Ho Ching (51) is the executive director and chief executive of Temasek Holdings Pte. Ltd. in Singapore. Temasek is the country's state investment company.
13.) Marjorie Scardino profile by Charles Goldsmith
Marjorie Scardino (57) has been the chief executive officer of the London-based media company Pearson PLC since 1997. Pearson owns a 50% stake in the Economist Group which owns the Economist magazine, the Financial Times newspaper and business publications in France and Spain.
Wall St. Journal Senior Editor, Carol Humowitz wrote:
Whatever they do or don't say publicly, women business leaders privately acknowledge that they relish the chance to build as well as run things, and to motivate others.
They are committed to making it regardless of the personal sacrifice.
For many, that means a willingness to globe-trot, accept 24/7 job duty -- and fit their family lives around their work lives.
Finding Common Interests
Hymowitz went on to say:
Whether it is learning to play golf or immersing themselves in the minutiae of football, having common interests with male colleagues and bosses is a plus.
So is finding a male mentor.
As women gain more critical mass in the executive suite, they are becoming mentors themselves and bringing other women along.
Thanks to Karen Elliott, Carol Hymowitz, Janet Adamy, James Bandler, David Bank, Brook Barnes, Sally Beatty, Eric Bellman, William M. Bulkeley, Ellen Byron, John Carreyrou, Marilyn Chase, Chip Cummins, Ann Davis, Joe Flint, Mei Fong, Ichiko Fuyuno, Charles Goldsmith, Steven Gray, Diya Gullapalli, Qiu Haixu, David Hamilton, John Hechinger, Scott Hensley, David Luhnow, Almar Latour, Joann S. Lublin, Amy Merrick, Mitchell Pacelle, Seah Park, Martin Peers, Christopher Rhoads, Cecile Rohwedder, Cui Rong, Robin Sidel, Ray A. Smith, Brian Steinberg, Pui-Wing Tam, Chad Terhune, Jeffrey A. Trachtenberg, Melanie Trottman, Carlta Vitzthum, Barry Wain, Nick Wingfield, Ron Winslow, Peter Wonacott and Ann Zimmerman for profiling these fifty inspirational women.
For public access to The Wall Street Journal's in-depth report, go to:
To send comments, contact Lawrence Rout at firstname.lastname@example.org.
As a fellow entrepreneur who has been fortunate to build and challenged by letting go of a multi-million dollar a year media business, I find myself most inspired by Oprah, Kim, Fredy and Dolly.
However, every woman on this list, as well as the other 550+ who did not make the Top 50, especially the entrepreneurial women in small villages in Africa who are successfully beating the odds and raising a family with their basket-weaving, produce selling, bread-making operations with seed capital of only $75, deserve a standing ovation.
Inspire & Be Inspired (R).
Here's to healthy, adventuresome, soulful and rising above the glass ceiling living!
~ Jennifer Carolyn King