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This is a special edition of The Reader, a weekly round-up of stories you need to know from Fortune editor-in-chief Clifton Leaf.
In 2020, a year unlike any other, our Most Powerful Women team concluded that our venerable list would benefit from a crucial tweak. It needed a measure of influence and power that went beyond the company P&L—a sense that the women on this prestigious roster aren’t just great business executives, but also leaders who have used their power and influence to shape their companies and the wider world for the better.
Claire Zillman’s wonderful and timely profile of Jane Fraser, who in late September was announced as the next CEO of Citigroup, offers an inside view of power and influence in action. Fraser’s power is the ceiling-smashing type—in February, she’ll become the first woman to head a major U.S. bank—and her career is a model for anyone unwilling to give up their family life in order to pursue a blazing rise to the top. It turns out you can have both.
Clifton Leaf
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SPECIAL REPORT How Jane Fraser broke banking’s highest glass ceiling
Fraser’s appointment doesn’t eliminate the culture that had kept women out of the corner office for so long. In fact, it raises a new set of questions: Who is the woman who will be the first female CEO of a big Wall Street bank, and how did she achieve what has, for so long, appeared unachievable?
BY CLAIRE ZILLMAN
MUST READ Ones to watch: These executives could be the next to land on the Most Powerful Women list
Placing bets on which executives will land on the Most Powerful Women list in coming years? These are the names to put your money on.
DEEP DIVE This ace engineer powered Amazon through the COVID crisis
In August, boosted by her successful pandemic response, Alicia Boler Davis was named to Amazon’s S-team (the “S” stands for “senior”), the select inner circle that advises CEO and founder Jeff Bezos. She is the first Black person and only the fourth woman ever named to the team.
BY AARON PRESSMAN
UPS
The holidays used to be UPS’s busiest time. Then came COVID-19
New UPS CEO Carol Tomé on coming out of retirement and what it takes to handle 21.1 million packages a day—during a pandemic.
BY AARON PRESSMAN
CFIUS
How the secretive CFIUS became a powerful weapon in the trade wars
Some critics see CFIUS as a powerful tool for crony capitalism in the Trump administration. BY JEFF JOHN ROBERTS
NBA
How the NBA kept the bubble from bursting
To save its season, the league took on giant costs and a massive logistical challenge. The result was a case study in leadership. BY ADAM LASHINSKY AND BRIAN O'KEEFE
KEURIG
Keurig is a machine: How the beverage giant is leveraging A.I. to fuel growth
Though KDP is less than half the size of Coke and Pepsi in U.S. soft drinks, it is running neck and neck with the two giants. BY SHAWN TULLY
Content from Boston Consulting Group
It’s time to go Beyond Great
Social tension, economic nationalism and technological revolution are driving market volatility. Discover the strategies you need to extend the lifespan of your business in this new playbook from Boston Consulting Group.
More stories
How President Trump measures up on jobs in 6 charts by Brian O'Keefe and Nicolas Rapp Ford, just admit it: You’re a truckmaker now by Shawn Tully Are we better off than we were four years ago? by Clifton Leaf
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