CEO Anne Mulcahy

Forbes’ 2008 list of highest paid female CEOs in America , released yesterday. 1. Indra Nooyi (PepsiCo) Nooyi was born Indra Krishnamurthy Nooyi in Chennai,India and received her early education in her native country before enrolling into the prestigious Yale School of Management for her master’s degree. She worked with a number of multinational corporations including Boston Consulting Group, Motorola and ABB before joining PepsiCo in 1994. Soon after appointed CEO in 2006, Nooyi led the company to double its profits only after 1 year. 2007 compensation: $12.7 million. 2. Andrea Jung (Avon) Born to a high profile Chinese couple, Andrea Jung was raised ... Read Full Story

Xerox Corp. says its second-quarter profit tumbled 35 percent but topped Wall Street forecasts, as cost cutting helped offset another weak period for sales. The Norwalk, Connecticut-based printer and copier maker says it earned $140 million, or 16 cents per share, compared with $215 million, or 24 cents per share, a year ago. Revenue fell 18 percent to $3.73 billion from $4.53 billion. Analysts polled by Thomson Reuters expected 11 cents per share on sales of $3.72 billion, on average. In a statement, Xerox CEO Ursula Burns said, "Assuming current economic conditions persist, we expect revenue will remain under pressure during the balance of ... Read Full Story

NEW YORK (Reuters) - Xerox Corp <XRX.N> on Thursday named Ursula Burns as its chief executive, replacing Anne Mulcahy, who has been credited with revitalizing the document management company. Mulcahy, 56, a 33-year veteran of Xerox, became CEO in 2001 and added the title of chairman in 2002. She will retire as CEO on July 1, the company said on Thursday. Mulcahy will stay on as chairman. Burns, 50, joined Xerox in 1980, was named president in 2007 and had been groomed as the next CEO by Mulcahy. "She has been at my side helping to turn Xerox around," Mulcahy told investors at the ... Read Full Story

Interesting development just days before the Target (TGT) proxy vote... According to Target’s Own Governance Guidelines, Two Directors Should Step Down Promptly NEW YORK, May 22 – The Nominees for Shareholder Choice commented today on recent developments concerning corporate governance issues at Target Corporation (NYSE: TGT). Under Target’s Governance Guidelines – which are based on principles articulated by Target’s former CEO and founding family member Kenneth Dayton – two current members of its board, Solomon Trujillo and Anne Mulcahy, are required to tender their resignations promptly, making room for directors with relevant experience and fresh perspectives. In light of the on-going proxy contest, the ... Read Full Story

Check out this month's issue of Selling Power Magazine. Anne Mulcahy, CEO of Xerox, is featured on the cover and there's a great article about Anne and the direction that Xerox is headed. www.SellingPower.com Read Full Story