Portraits of Power Fortune Magazine, Money Magazine
Management, Leadership, Power Power is highly mutable. Take the world's two richest men, a couple of bridge-playing buddies named Bill and Warren. They've been immensely wealthy for years, sure. But now, by combining their fortunes in a single philanthropic organization, they, along with Bill's wife, Melinda, just might wipe out deadly infectious diseases. In part because of the ever-shifting value of influence in the business world, this year we decided to eliminate rankings from our annual study of the subject and instead provide, literally, snapshots of power: In the gallery that follows are 25 portraits of power and leadership Fortune Magazine, Money Magazine
<ul><li>Warren Buffett, 76; Bill and Melinda Gates, 51 and 42 </li></ul><ul><li>CEO of Berkshire Hathaway Co-founders of the Bill & Melinda Gates Foundation </li></ul><ul><li>Buffett's decision to give most of his then-$44 billion fortune to the Gateses' foundation supercharged the world's largest philanthropy. </li></ul>Warren Buffett, Bill & Melinda Gates
Steve Jobs <ul><li>CEO of Apple Computer </li></ul><ul><li>When Walt Disney Co. bought his animated-film studio, Pixar, for more than $7 billion, Jobs became Disney's largest shareholder. For his next trick, the computer industry's chief innovation impresario used his iTunes store to bring network TV online. </li></ul>
Larry Sonsini <ul><li>Chairman of Wilson Sonsini Goodrich & Rosati </li></ul><ul><li>After four decades of service as consigliere to the tech-world elite, the Silicon Valley superlawyer got a jolt of unwanted fame when his name was linked - rightly or wrongly - to the options backdating and HP pretexting scandals. </li></ul>
Henry Kravis <ul><li>Founding partner, Kohlberg Kravis Roberts </li></ul><ul><li>Two decades after his firm's $31.4 billion buyout of RJR Nabisco became the stuff of business legend, KKR's senior exec and the private-equity industry he helped create are roiling markets and gobbling up companies at a record pace. </li></ul>
Lakshmi Mittal <ul><li>CEO of Arcelor Mittal </li></ul><ul><li>The billionaire founder of Mittal Steel, already the world's largest steelmaker, stunned Old Europe when he pushed through a merger with No. 2 Arcelor. The newly formed giant will produce three times as much metal annually as the new No. 2, Nippon Steel. </li></ul>
Ben Bernanke <ul><li>Chairman of the Federal Reserve </li></ul><ul><li>Since taking over from Alan Greenspan in February, Bernanke, a former professor who spent much of his academic career thinking of ways to reduce the Fed chairman's power, has watched markets careen at his slightest inflation-fighting word. </li></ul>
Henry Paulson Jr. <ul><li>Secretary of the Treasury </li></ul><ul><li>Sworn in as John Snow's replacement in July, the former Goldman Sachs CEO quickly cultivated ties across the political aisle. With the Democrats' newfound sway in Washington, he is emerging as a power broker among Republicans. </li></ul>
Alden McDonald <ul><li>CEO of Liberty Bank & Trust </li></ul><ul><li>As chairman of the New Orleans Chamber of Commerce, McDonald has helped lead the post-Katrina rebuilding effort by example: Liberty, the city's largest black-owned bank, is enjoying its most profitable year ever, despite having lost half its branches. </li></ul>
John Hueston, Sean Berkowitz, and Kathy Ruemmler <ul><li>Enron prosecutors </li></ul><ul><li>By making accounting fraud comprehensible to a jury, the trio ensured the convictions of former Enron execs Jeff Skilling and Ken Lay in May after years of building the government's case. </li></ul>
Hector Ruiz <ul><li>CEO of Advanced Micro Devices </li></ul><ul><li>A calm and determined leader, Ruiz has led his company's challenge of mighty Intel in an ongoing antitrust suit and in the microprocessor marketplace, where AMD has made big gains: It now commands 25 percent of the high-margin x86 server business. </li></ul>
Al Gore <ul><li>Environmental evangelist </li></ul><ul><li>With the documentary "An Inconvenient Truth" - climate science at the box office! - the former Vice President focused the attention of the American public on the problem of global warming. Corporate America is paying attention too. </li></ul>
Eric Schmidt <ul><li>CEO of Google </li></ul><ul><li>The increasingly diverse tech giant continued to surprise Wall Street with its torrid growth - and its stock hit lofty new heights - thanks in large part to the jack-of-all-executives skill set of Schmidt, who keeps the chaotic young company from spinning out of its orbit. </li></ul>
Steve Chen and Chad Hurley <ul><li>Co-founders of YouTube </li></ul><ul><li>The duo's addictively easy-to-use video-sharing site began 2006 as a virtual unknown; became, thanks to viral growth, a cultural phenomenon by summer; and was bought for $1.65 billion by Google in October. </li></ul>
Katsuaki Watanabe <ul><li>President of Toyota Motor </li></ul><ul><li>Since taking the wheel at Toyota in 2005, the one-time cost cutter has presided over a period of explosive growth at the Japanese auto giant. This year Toyota passed DaimlerChrysler for third place in U.S. auto sales. Ford and GM may be next. </li></ul>
Mark Hurd <ul><li>CEO of Hewlett-Packard </li></ul><ul><li>His just-the-operations-ma'am approach to business has rejuvenated the iconic computing giant, which in October overtook Dell and reclaimed the No. 1 spot in the PC market. Investors are rejoicing that he's so far survived HP's board-level spying scandal. </li></ul>
Rupert Murdoch <ul><li>CEO of News Corp. </li></ul><ul><li>After decades as a newspaper and broadcast baron, the wily septuagenarian reinvented himself in a surprising new role: Internet mogul. Last year's $580 million acquisition of MySpace, pooh-poohed by critics, has begun to reshape his entire company. </li></ul>
Chris DeWolfe and Tom Anderson <ul><li>Co-founders of MySpace </li></ul><ul><li>Three years after the two indie music fans launched MySpace, the social-networking site, it gets 35 billion page views monthly. This year it has almost tripled in size, to 128 million registered users, and is adding 320,000 daily. </li></ul>
Lee Scott <ul><li>CEO of Wal-Mart Stores </li></ul><ul><li>As the man atop the world's largest retailer (2005 revenues: $330 billion), Scott is using his influence to promote sustainable business practices like reducing waste and increasing renewable energy use. Too bad sales are sluggish. Critics haven't been appeased. </li></ul>
Patricia Woertz <ul><li>CEO of Archer Daniels Midland </li></ul><ul><li>In May the longtime Chevron exec became the first outsider ever tapped to run the $38 billion food and ethanol powerhouse. Her management decisions will impact what consumers pay at both the supermarket and the gas pump in the years ahead. </li></ul>
John Thain CEO of the New York Stock Exchange The former president of Goldman Sachs has presided over a year of historic change for the Big Board: In March the NYSE went public, and in June it went international, making a deal (still pending) to acquire Paris-based exchange group Euronext.
Bob Iger CEO of Walt Disney Co. Since taking over for Michael Eisner last fall, Iger has made peace with animation partner Pixar (by buying it for more than $7 billion), sold millions of movies and TV shows on iTunes, and boosted Disney's stock 28%. Not a bad year for a rookie.
Eddie Lampert Founder of ESL Investments One of the hottest investors of his generation, Lampert boosted returns at his $18 billion hedge fund with successful bets like his stake in Sears Holdings (up 50 percent this year). Rumors that he was buying Home Depot and Gap recently popped those stocks.
Steve Schwarzman CEO of Blackstone Group With private-equity fundraising at an all-time high this year, Schwarzman's tech-focused buyout firm is rewriting the record books: He closed a $15.6 billion fund in July - and already plans to increase it to $20 billion.
Rex Tillerson CEO of Exxon Mobil When he succeeded Lee Raymond in January, Tillerson became the leader of America's biggest and most profitable company. He also became the standard-bearer for an industry that will remain central to the global economic system for the foreseeable future.
Condoleezza Rice Secretary of State Despite tensions in the Middle East, North Korea, and elsewhere, Rice's shuttle diplomacy has earned her admirers in capitals around the world. Over the next two years, her ability to negotiate peaceful resolutions will be key for the global economy.