CVS Well being CEO Karen Lynch speaks at Fortune’s Brainstorm Well being convention in April 2023, alongside DaVita CEO Javier J. Rodriguez and moderator Cliff Leaf. Stuart Isett—Fortune
Good morning.
Fortune’s Most Highly effective Ladies listing is out this morning, and it not solely reveals how far girls have come within the quarter century since this listing was created, but in addition how essential they’re in driving enterprise and societal change. No. 1 on the listing is CVS CEO Karen Lynch, who’s attempting to remake well being care by melding insurance coverage + pharmacies + well being clinics + house well being care. No. 2 is Accenture CEO Julie Candy, who’s the main voice for advising companies on methods to navigate the AI revolution. No. 3 is GM CEO Mary Barra, whose daring assertion in 2021 to eradicate all carbon emissions from her firm’s vehicles by 2035 has remodeled not solely the corporate, however the business. And No. 4 is Citi CEO Jane Fraser, who’s attempting to indicate testosterone-soaked New York bankers how empathy could be a highly effective instrument for reworking enterprise.
You’ll find the complete listing right here. Take note of how effectively these girls have penetrated a very powerful sectors of the financial system—from logistics (No. 6 UPS CEO Carol Tomé) to prescribed drugs (No. 7 GSK CEO Emma Walmsley) to tech (No. 8 Google CFO Ruth Porat, No. 11 Oracle CEO Safra Catz and No. 12 AMD CEO Lisa Su) to finance (No. 16 TIAA CEO Thasunda Brown Ducket and No. 19 Banco Santander government chairman Ana Botín) to the protection business (No. 20 Northrop Grumman CEO Kathy Warden and No. 21 Common Dynamics CEO Phebe Novakovic).
All instructed, there are nonetheless solely 52 of the Fortune 500 led by girls…barely over 10%. However a brand new report out this morning from McKinsey reveals girls’s illustration within the C-Suite reached 28% this yr…the very best it has ever been. You’ll be able to learn the complete report right here.
And a bit of non-public information this morning: I instructed the Fortune workforce yesterday that I shall be stepping out of the CEO position on the finish of April subsequent yr. Learn why right here.
Different information beneath.
Alan Murray
@alansmurray
alan.murray@fortune.com
TOP NEWS
Attain for the SKKY
Kim Kardashian, contemporary off her success with attire startup Skims, is now breaking into non-public fairness. Kardashian is working with Jay Sammons, a 16-year veteran of personal fairness agency Carlyle, to launch SKKY Companions and a $1 billion fund to put money into shopper companies. Kardashian describes her supreme firm to Fortune’s Emma Hinchliffe: One with an energetic founder and an genuine voice–and never one which copies Kardashian’s current aesthetic. Fortune
The opposite AI chipmaker
AMD is hoping to trip the AI increase and “write the subsequent chapter of the AMD progress story,” AMD CEO Lisa Su tells Fortune’s David Meyer. With Nvidia’s processors in brief provide, AMD will launch its personal AI chip this quarter. Regardless of producing nearly as a lot income as its competitor Nvidia final yr, AMD shares are up simply 63% up to now this yr, in comparison with 208% for Nvidia. Fortune
Who’s serving to Huawei?
Taiwan’s authorities mentioned it might examine 4 corporations named in a Bloomberg report for serving to blacklisted Chinese language tech firm Huawei construct its personal chip vegetation. The Chinese language tech firm just lately launched a brand new 5G smartphone, regardless of U.S. curbs barring it from shopping for innovative chips and chipmaking tools. That’s worrying officers like Commerce Secretary Gina Raimondo, who instructed Congress yesterday that she wants “completely different instruments” to implement U.S. guidelines. Nikkei Asia
AROUND THE WATERCOOLER
Elon Musk’s $13 billion whip hand in opposition to Wall Avenue: How rates of interest and the monetary catastrophe at Twitter put the world’s richest man within the driver’s seat by Shawn Tully
Unicorn Carta sees lawsuits stack up as two extra feminine workers make severe claims in opposition to firm by Jessica Mathews
Is Sam Bankman-Fried a nasty ‘man’ or an excellent ‘boy’? Legal professionals swap opening statements earlier than first witnesses take the stand by Ben Weiss
Digital tradition guru Taylor Lorenz’s new ebook reveals how the Instagram influencer ‘floodgates’ actually opened: a backfiring FTC crackdown by Taylor Lorenz
Janet Yellen: Surprisingly resilient American customers blocked a recession—and now the Fed may preserve rates of interest larger for longer by Fortune Editors
You’ve heard of the ‘girlboss’, now meet ‘snail woman’: The most recent office development desires feminine employees to decelerate—and profession specialists approve by Orianna Rosa Royle
This version of CEO Day by day was curated by Nicholas Gordon.
