17 who fell off the list

Power is hard to get - and tough to hang on to. More than half of the CEOs who made the top 25 in 2003 did not make the cut this year.

Bill Gross

5 of 17

Bill Gross

2003 rank: 10

Company: Pimco

Still doing well, but overshadowed of late by the private equity and hedge fund boom.

See this year's Power 25 list

Franklin Raines

Sumner Redstone

Ivan Seidenberg

Business's Power 25

Fortune's subjective - yet really quite accurate - list of the most powerful businesspeople in the world. (more)

5 in power positions

Who's in the right place at the right time? (more)

3 powerful game changers

These industry leaders are changing the way business does business. (more)