eBay's Meg Whitman Named One of FORTUNE's 50 Most Powerful Women
October 12 2006: 11:26 AM EDT

(Fortune) -- Meg Whitman, CEO and President of eBay (Charts), ranks No. 3 on Fortune's 2006 list of 50 Most Powerful Women.

See Meg Whitman's Most Powerful Women profile

Whitman's task is to figure out how to put the shine back in one of the brightest stars of the Internet age. Last year's acquisitions have failed to bring in big revenue, and U.S. traffic growth has slowed. That has translated into a slumping stock, down about 40% in the past year; market cap is now $37 billion. The Internet phone provider Skype won't bring in profits anytime soon, the service remains free until the end of the year. In July the company announced a $2 billion stock buyback, eBay's first.

By the key criteria Fortune uses in assembling its annual list - the size, importance, and health of each business in the global economy, and the momentum of each woman's career (along with her social and cultural influence) - there's no question that the power of women in the corporate sphere is rising.

Indeed, it could be called the year of the Most Powerful Woman CEO. The top seven positions on Fortune's 2006 Most Powerful Women list are held by CEOs. They include: Indra Nooyi of PepsiCo (Charts); Anne Mulcahy, Xerox (Charts): Pat Woertz, ADM (Charts); Irene Rosenfeld, Kraft Foods (Charts); Brenda Barnes, Sara Lee (Charts); and Andrea Jung, Avon (Charts).

Next: Full list: 50 Most Powerful Women at http://money.cnn.com/popups/2006/fortune/mostpowerfulwomen/1.html

Plus: Most Powerful Women: 10 Highest-Paid at http://money.cnn.com/popups/2006/fortune/womenpay/index.html Top of page
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .