For the second year in a row, CVS Health chief Lynch ranks No.1 on the Fortune Most Powerful Women list. Not only does Lynch have the distinction of running the highest-ranking Fortune 500 company ever to be led by a woman, the same holds true for the Global 500, where CVS ranked No. 10 this year. The company generated $292 billion in revenue in 2021, a 9% jump year over year, while profits climbed 10% to nearly $8 billion. Wall Street likes what it sees: Since Lynch took over in February 2021, CVS shares are up 42%, outpacing the S&P 500's 2% rise. The company continues its efforts to become a one-stop shop for health care following its role in the COVID vaccination campaign; it administered over 59 million jabs and delivered more than 32 million tests in 2021 alone. Lynch is also focusing on customers' mental health, implementing a program to reduce suicide attempts among its Aetna members (see our Change the World list for more).
CVS Health CEO Karen Lynch, who runs the highest-ranking Global 500 company ever to be led by a woman, repeats this year at No. 1. Jessica Tan, co-CEO of Chinese insurance and tech giant Ping An, is our most highly ranked international MPW (No. 5) and is one of 12 women based outside the U.S. to appear on this year's list. Six women have never appeared on any MPW ranking prior to this year-including several who are newly in the driver's seat, such as Cummins CEO Jennifer Rumsey (No. 45) and Marta Ortega, the new head of Spanish fast-fashion retailer Inditex (No. 33; see our story in this issue).
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Denne historien er fra October - November 2022-utgaven av Fortune US.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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KKR'S $1 TRILLION GAMBLE
The co-CEOs of KKR have a radical strategy to supercharge growth - and chart a path far different from that of their mentors, Henry Kravis and George Roberts.
THE SHIPWRECKED LEGACY OF MIKE LYNCH
THE BRITISH TECH MOGUL SOLD HIS COMPANY FOR $11 BILLION, THEN SPENT YEARS FIGHTING FRAUD CHARGES. HIS SHOCKING DEATH HAS LEFT MANY UNANSWERED QUESTIONS ABOUT HIS LIFE.
FORTUNE - CHANGE THE WORLD
THESE COMPANIES BUILD BUSINESSES AROUND SOLVING SOCIAL PROBLEMS AND THEY DO WELL BY DOING GOOD.
Can Cathy Engelbert Handle the Pressure?
The WNBA commissioner and ex-Deloitte CEO is leading the league through a season of historic highs, but critics wonder if her game plan is good enough to seize the moment.
Kamalanomics: Harris's Road Map for Business
Vice President Kamala Harris hasn't done much to woo Big Business. Many executives would still rather take their chances with her than the alternative.
Mary Barra
The CEO of General Motors accelerates into our top spot.
MPW - MOST POWERFUL WOMEN 2024
WHEN FORTUNE launched its Most Powerful Women list in 1998, women were just starting to trickle into the C-suite in significant numbers.
WHO HAS TIME FOR A POWER LUNCH? THE REAL BUSINESS HAPPENS AT 4 P.M. 'POWER HOUR.'
THE SUN is pouring in through the floor-to-ceiling windows when the bar begins to fill with bespoke suits on a Tuesday in August at Four Twenty Five. The new restaurant from Jean-Georges Vongerichten is on the first floor of a Midtown Manhattan skyscraper, beneath the offices of financial giant Citadel Securities. And the traders are thirsty.
HOW TO TAKE ADVANTAGE OF THE FED'S BIG RATE CUT
THE WAIT IS OVER. After more than a year of will-they-or-won't-they, the Federal Reserve on Sept. 18 announced the first cut to its benchmark Federal funds rate since the early days of the COVID-19 pandemic, a 50-basis-point drop that Chairman Jerome Powell signaled is likely the first of many.
FOR GEN Z AT WORK, THE GENERATION GAP IS A WELLNESS GAP. HERE'S HOW TO BRIDGE IT
FOR ONE nonprofit executive director, it was a 2022 New York City subway shooting that highlighted the stark differences between how he, a 55-year-old, and his Gen Z staffers show up to work.