FORTUNE Magazine: The 50 Most Powerful Women in Business

As appears in the October 18, 2004 issue of FORTUNE Magazine available from Jaymo's Garage Sale.

Who's Up?
Who's Down?
And is that a new No. 1?

Meet the alpha females of American business, 2004.

1. Meg Whitman, President and CEO (eBay)
2. Carly Fiorina, Chairman and CEO (Hewlett-Packard)
3. Andrea Jung, Chairman and CEO (Avon Products)
4. Anne Mulcahy, Chairman and CEO (Xerox)
5. Marjorie Magner, Chairman and CEO - Global Consumer Group (Citigroup)
6. Oprah Winfrey, Chairman (Harpo)
7. Sallie Krawcheck, CFO (Citigroup)
8. Abigail Johnson, President (Fidelity Management & Research)
9. Pat Woertz, EVP Global Downstream (ChevronTexaco)
10. Karen Katen, EVP President - Global Pharm (Pfizer)
11. Judy McGrath, Chairman and CEO - MTV Networks (Viacom)
12. Indra Nooyi, President and CFO (PepsiCo)
13. Ann Moore, Chairman and CEO - Time Inc. (Time Warner)
14. Pat Russo, Chairman and CEO (Lucent Technology)
15. Christine Poon, Worldwide Chair - Medicines and Nutritionals (Johnson & Johnson)
16. Zoe Cruz, Worldwide Head - Fixed Income... (Morgan Stanley)
17. Doreen Toben, EVP and CFO (Verizon)
18. Anne Sweeney, Co-Chair - Disney Media; President - Disney / ABC Television (Walt Disney)
19. Amy Woods Brinkley, Chief Risk Officer (Bank of America)
20. Susan Arnold, Vice Chair - Global Beauty Care (Procter & Gamble)
21. Amy Pascal, Vice Chairman; Chairman of Motion Picture Group (Sony)
22. Ann Livermore, EVP - Technology Solutions Group (Hewlett-Packard)
23. Myrtle Potter, President - Commercial Operations (Genentech)
24. Susan Desmond-Hellman, President - Product Development (Genentech)
25. Gail Berman, President Entertainment - Fox Broadcasting Co. (News Corp.)
26. Shelly Lazarus, Chairman and CEO - Ogilvy & Mather Worldwide (WPP)
27. Sherry Lansing, Chairman - Motion Picture Group, Paramount (Viacom)
28. Stacey Snider, Chairman - Universal Pictures (General Electric)
29. Heidi Miller, CEO - Treasury and Security Services (J.P. Morgan Chase)
30. Cathleen Black, President (Hearst Magazines)
31. Irene Rosenfeld, Chairman and CEO - Frito-Lay (PepsiCo)
32. Linda Dillman, EVP and CIO (Wal-Mart Stores)
33. Mary Sammons, President and CEO (Rite Aid)
34. Janet Robinson, EVP and COO (New York Times Co.)
35. Judy Lewent, EVP, CFO, President - Human Health Asia (Merck)
36. Susan Ivey, President and CEO (Reynolds American)
37. Nancy Peretsman, EVP and Managing Director (Allen & Co.)
38. Vivian Banta, Vice Chairman and CEO - Insurance (Prudential Financial)
39. Brenda Barnes, President and COO (Sara Lee)
40. Vanessa Castagna, EVP; Chair and CEO - Stores, Catalog, Internet (J.C. Penney)
41. Deb Henretta, President - Global Baby and Adult Care (Procter & Gamble)
42. Lois Quam, CEO - Ovations (United Health Group)
43. Lisa Weber, President - Individual Business (MetLife)
44. Ursula Burns, SVP; President - Business Group Operations (Xerox)
45. Claire Watts, EVP - Merchandising (Wal-Mart Stores)
46. Marilyn Carlson Nelson, Chairman and CEO (Carlson Cos.)
47. Jenny Ming, President - Old Navy (Gap)
48. Susan Decker, CFO and EVP - Finance and Administration (Yahoo)
49. Anne Stevens, Vice President - Canada, Mexico and South America (Ford Motor)
50. Carol Kovac, GM - Healthcare and Life Sciences (IBM)

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