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...Read Full Story

Anne Mulcahy will retire as Xerox chairman and board director. (Credit: Xerox) Xerox’s Anne Mulcahy is stepping down as chairman and board director on May 20, the company said Tuesday. Current CEO Ursula Burns will take on the additional job of chairman immediately following Mulcahy’s departure. The news marks Mulcahy’s final curtain call on her 34 years with Xerox after having handed over the role of CEO to Burns in July. Taking the reins as chief executive officer in 2001 and chairman...Read Full Story

NEW YORK (Reuters) - Citigroup Inc's <C.N> board is reshuffling, with former AT&T and Xerox executives Michael Armstrong and Anne Mulcahy stepping down and former Mexican President Ernesto Zedillo in line to join. The departures are the latest step in the board's remaking itself after Citigroup's disastrous performance during the financial crisis prompted three separate government rescues. Citi has repaid the money it owes the United States, but the government still holds 7.7 billion of the...Read Full Story

Xerox Corp. CEO Ursula Burns, the first black woman to lead a Fortune 500 company, saw her pay increase 77 percent in 2009 after she was promoted from president and kept cutting costs amid an economic downturn. Burns' pay climbed to $9.9 million last year from $5.6 million the year before, according to an Associated Press analysis of a regulatory filing. Burns, 51, became chief executive in July, taking over from Anne Mulcahy, who is credited with turning the company around over the past...Read Full Story

Xerox Corp. said Tuesday that Chairman Anne M. Mulcahy, who is credited with turning the company around over the past decade, plans to retire in May. Mulcahy, now 57, took over at Xerox in 2001 amid mounting losses and helped lead the Norwalk, Conn., company out of its financial slump. She stepped down as CEO last July. Mulcahy's heir apparent, CEO Ursula M. Burns, will assume the title of chairman at the company's annual shareholder meeting on May 20. Burns has been with Xerox for three...Read Full Story