Business has its ups and downs, and so, naturally, do women in business. (Bye-bye, Martha!) But the story of this list is one of achievement: The credentials of these women, including the 13 newcomers, are the strongest yet. By Katie Benner, Eugenia Levenson, and Rupali Arora |  |  |  | 5 of 50 | 5. Irene Rosenfeld 2006 rank: 5
Age: 54
Kraft had a bumpy 2006. Revenues were flat ($34.4 billion), and earnings per share declined in the fourth quarter. But earnings were up for the year as a whole, and in March, Kraft regained control of its destiny when it was spun off from tobacco giant Altria Group. Rosenfeld announced a $5 billion stock repurchase program in February and a $7.2 billion acquisition of Danone's global biscuit business less than five months later. One key goal: increasing Kraft's presence in emerging markets.
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