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10 Extraordinary Women, Part II Lives to Inspire Us All

August 2006 By Denny Hatch
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In the News

PepsiCo adds to list of women heading big firms
The chief financial officer, Indra K. Nooyi, will succeed Steven Reinemund as CEO, the 11th in an exclusive club.
NEW YORK—The exclusive club of women running the nation’s largest public companies grew by one yesterday. PepsiCo Inc., maker of Pepsi, Gatorade and Frito-Lays snacks, named chief financial officer Indra K. Nooyi as chief executive officer, making her No. 2 among female CEOs at firms in the Fortune 500, which are ranked in size by revenue. She is to take over Oct. 1.
—Vinnee Tong, Associated Press, Aug. 15, 2006
Indra K. Nooyi’s appointment as CEO of Pepsi is a mighty achievement. She joins one of the most exclusive—and pathetically small—clubs of women in the world, those running Fortune 500 corporations:

Patricia Woertz, Archer Daniels Midland Co., No. 56, revenue: $35.94 billion.
Indra Nooyi (as of Oct. 1), PepsiCo Inc., No. 61, revenue: $32.56 billion
Brenda Barnes, Sara Lee Corp., No. 111, revenue: $19.73 billion
Mary Sammons, Rite Aid Corp., No. 129, revenue: $16.82 billion
Anne Mulcahy, Xerox Corp., No. 142, revenue: $15.7 billion
Patricia Russo, Lucent Technologies Inc., No. 255, revenue: $9.44 billion
Susan Ivey, Reynolds American Inc., No. 280, revenue: $8.26 billion
Andrea Jung, Avon Products Inc., No. 281, revenue: $8.15 billion
Marion Sandler, Golden West Financial Corp., No. 326, revenue: $6.66 billion
Paula Rosput Reynolds, Safeco Corp., No. 339, revenue: $6.35 billion
Meg Whitman, eBay Inc., No. 458, revenue: $4.55 billion

These women will have to wait for history’s judgment. For example, with great fanfare, Carly Fiornia took over as CEO of Hewlett-Packard in 1999, engineered the catastrophic merger with Compaq, behaved like a star in pubic and irritated the hell out of all her co-workers. She was forced out in 2005. During that time, HP stock plunged 50 percent.

Meanwhile, Meg Whitman, CEO of eBay, is presiding over the greatest black market bazaar the world has ever seen, making it possible for counterfeiters, crooks, shoplifters, armed robbers, forgers and pirates to fence all manner of purloined and illegal art, artifacts, intellectual property and merchandise, thereby deeply wounding countless thousands of victims. If you disagree, enter “eBay AND fraud” in a Google search, and you can go through 24,900,000 entries.

What follows are short biographies of five additional great women (in alphabetical order).

6. Dorothy DeLay (1917-2002)
For years as a kid, I suffered through a succession of piano teachers foisted on me by my mother, and these teachers suffered from me. I had small hands that could not reach an octave and zero ability to read music. It turns out I’m a word guy, not a dots-on-the-page guy. But I have always been enthralled by musicians and all my life have gone to classical concerts—orchestral and chamber. In reading the biographies of violinists in concert programs, one phrase kept popping up: “ ... studied at Juilliard under Dorothy DeLay.”

DeLay was born in Medicine Lodge, Kansas, to musician parents who started her on the violin at age 4. When she was 16, DeLay entered Oberlin and a year later transferred to Michigan State. Following graduation at age 20, she moved to New York to study at Juilliard and paid the bills by baby sitting and playing in Broadway theater orchestras, restaurants and weddings. She also worked as a recitalist, played chamber music and in 1940 toured with the All-America Youth Orchestra under Leopold Stokowski. DeLay decided that she preferred teaching to playing and signed on as assistant to her former Juilliard teacher, Ivan Galamian, and worked with him for 20 years. New York Times music critic Allan Koizinn wrote in DeLay’s obituary that “in the 1970s she became a sought-after teacher in her own right, and became the first woman—and the first American-born violinist—to be regarded as a master violin teacher in the tradition of Galamian and Leopold Auer.” Koizinn wrote:

Takeaway Points to Consider:

* ”Women have got to make the world safe for men since men have made it so darned unsafe for women.”
—Nancy Astor

*”Because I am a woman, I must make unusual efforts to succeed. If I fail, no one will say, ‘She doesn’t have what it takes.’ They will say, ‘Women don’t have what it takes.’”
—Clare Boothe Luce

* ”Women must pay for everything. They do get more glory than men for comparable feats. But, they also get more notoriety when they crash.”
—Amelia Earhart

* ”Of my two ‘handicaps’ being female put more obstacles in my path than being black.”
—Shirley Chisholm was the first black woman to serve in the United States Congress.

* ”Remember no one can make you feel inferior without your consent.”
—Eleanor Roosevelt

* ”I have learned over the years that when one’s mind is made up, this diminishes fear; knowing what must be done does away with fear.”
Rosa Parks

* ”I do the very best I can to look upon life with optimism and hope and looking forward to a better day, but I don’t think there is anything such as complete happiness. It pains me that there is still a lot of Klan activity and racism. I think when you say you’re happy, you have everything that you need and everything that you want, and nothing more to wish for. I haven’t reached that stage yet.”
—Rosa Parks

Web Sites Related to Today's Edition:

Seven Photos of Dorothy DeLay
http://www.peterschaaf.com/delay/

“A Thousand Miles Up the Nile” by Amelia Edwards
http://digital.library.upenn.edu/women/edwards/nile/nile.html

“A Sudden Illness—How My Life Changed” by Laura Hillenbrand
http://www.cfids-cab.org/MESA/Hillenbrand.html

American Honored in the Capitol Rotunda
http://www.aoc.gov/cc/capitol/lain_in_state.cfm
 
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COMMENTS

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Most Recent Comments:
Tim Sunderland - Posted on August 25, 2006
Your write-up on Rosa Parks brought tears to my eyes.
Qamar Ahmad - Posted on August 25, 2006
Denny's iam a regular reader of your article and enjoyed it ,but you should write on different issues not only focus on women, it could bore your some readers.
Claudia H. Allen - Posted on August 25, 2006
Thank you for a inspiring and provacative list. I would only add this quote (and thank goodness for SBA and others like her):
"Cautious, careful people, always casting about to preserve their reputation and social standing, never can bring about a reform. Those who are really in earnest must be willing to be anything or nothing in the world's estimation, and publicly and privately, in season and out, avow their sympathy with despised and persecuted ideas and their advocates, and bear the consequences." - Susan B. Anthony
Alison Kaplan - Posted on August 25, 2006
Thank you.
Brent D. Gardner - Posted on August 25, 2006
Regarding ebay -- I have a quick story.

A good client of mine, fifth generation owner of a hair salon that's been in the same location since 1934, told me of her experience trying to buy a car on ebay.

She found two of what she wanted: Range Rovers. One for her, one for her boyfriend.

Round figures, including shipping, taxes, and modifications to make them legal in the U.S, she would save $20,000 buying them from some guy in the U.K. over ebay.

She had never purchased a car like this before, so she had her banker, her accountant, her lawyer, and her financial advisor check out the escrow company that the seller wanted to use. The escrow company happened to be an ebay owned company, and everyone that reviewed the transaction in advance said it was a good deal for her. When all four key advisors say "Okay" she moved forward.

She wired $20,000 to the escrow company, as downpayment. From that point on, she could not get the seller on the phone or to reply to emails. She called the escrow company and they had no record of her transaction. Upon further investigation, the URL of the escrow company had been fudged ONE letter, but otherwise an exact copy of a legitimate site, hosted off-shore by a company outside the jurisdiction of the U.S.

She contacted law enforcement. The next week, the FBI visited my client and interviewed her. They showed her a video tape showing a man entering a Western Union office in London and picking up her funds that she had wired, thinking they were going to an escrow company. Instead, they went direct to a Western Union office in the U.K.

To add insult to injury, the man appeared to be Arabic on the video, and when the Western Union folks were interviewed, they confirmed that he the man who claimed the cash was Arabic.

This transaction took place over a year ago. She's still out her $20,000, and amazingly enough, she's still doing business with the same banker, same accountant, same lawyer, and same financial advisor. They were all duped by a scam that should be relatively simply to avoid, if people only read the URLs in their browser.

I've lost count how many times I've received emails asking for all manner of personal information, and I haven't been conned yet, knock on wood. I'd like to think I'm tech savvy, but I'm not so arrogant to think that I can't be fooled, too.

I just wish there was something we could do about it.

If you like this story, let me know and I'll tell you how our "friends" from the middle East routinely line their pockets with six figure lump sums of cash, and we all are paying for it.

Always a fan,

Brent D. Gardner, CLU, ChFC
Tanja Sattler - Posted on August 25, 2006
Hooray!! Thanks you for such a great write up on these amazing women. You have introduced me to new role models, and celebrated several well known ones. These two articles have been read with relish - thank you, thank you.
asher b abelow - Posted on August 25, 2006
An excellent list of great American women.I'd include Ann Moore who I believe heads up Time Warner Publishing.
Margie Goward - Posted on August 25, 2006
Denny-Thank you! Great job!
Gerald Goldberg - Posted on August 25, 2006
This is the best email I have ever received. Have forwarded it to women of accomplishment I know as friends.
John Fabian - Posted on August 25, 2006
Ann Mulcahy gets my vote as the best of them all. She didn't have the financial training "required" to be a CEO, disregarded the advice of the "experts" who told her to take the company into chapter 11 and always credits others for Xerox's turnaround (admittedly, still a work in progress and not guaranteed to succeed by any means).

Click here to view archived comments...
Archived Comments:
Tim Sunderland - Posted on August 25, 2006
Your write-up on Rosa Parks brought tears to my eyes.
Qamar Ahmad - Posted on August 25, 2006
Denny's iam a regular reader of your article and enjoyed it ,but you should write on different issues not only focus on women, it could bore your some readers.
Claudia H. Allen - Posted on August 25, 2006
Thank you for a inspiring and provacative list. I would only add this quote (and thank goodness for SBA and others like her):
"Cautious, careful people, always casting about to preserve their reputation and social standing, never can bring about a reform. Those who are really in earnest must be willing to be anything or nothing in the world's estimation, and publicly and privately, in season and out, avow their sympathy with despised and persecuted ideas and their advocates, and bear the consequences." - Susan B. Anthony
Alison Kaplan - Posted on August 25, 2006
Thank you.
Brent D. Gardner - Posted on August 25, 2006
Regarding ebay -- I have a quick story.

A good client of mine, fifth generation owner of a hair salon that's been in the same location since 1934, told me of her experience trying to buy a car on ebay.

She found two of what she wanted: Range Rovers. One for her, one for her boyfriend.

Round figures, including shipping, taxes, and modifications to make them legal in the U.S, she would save $20,000 buying them from some guy in the U.K. over ebay.

She had never purchased a car like this before, so she had her banker, her accountant, her lawyer, and her financial advisor check out the escrow company that the seller wanted to use. The escrow company happened to be an ebay owned company, and everyone that reviewed the transaction in advance said it was a good deal for her. When all four key advisors say "Okay" she moved forward.

She wired $20,000 to the escrow company, as downpayment. From that point on, she could not get the seller on the phone or to reply to emails. She called the escrow company and they had no record of her transaction. Upon further investigation, the URL of the escrow company had been fudged ONE letter, but otherwise an exact copy of a legitimate site, hosted off-shore by a company outside the jurisdiction of the U.S.

She contacted law enforcement. The next week, the FBI visited my client and interviewed her. They showed her a video tape showing a man entering a Western Union office in London and picking up her funds that she had wired, thinking they were going to an escrow company. Instead, they went direct to a Western Union office in the U.K.

To add insult to injury, the man appeared to be Arabic on the video, and when the Western Union folks were interviewed, they confirmed that he the man who claimed the cash was Arabic.

This transaction took place over a year ago. She's still out her $20,000, and amazingly enough, she's still doing business with the same banker, same accountant, same lawyer, and same financial advisor. They were all duped by a scam that should be relatively simply to avoid, if people only read the URLs in their browser.

I've lost count how many times I've received emails asking for all manner of personal information, and I haven't been conned yet, knock on wood. I'd like to think I'm tech savvy, but I'm not so arrogant to think that I can't be fooled, too.

I just wish there was something we could do about it.

If you like this story, let me know and I'll tell you how our "friends" from the middle East routinely line their pockets with six figure lump sums of cash, and we all are paying for it.

Always a fan,

Brent D. Gardner, CLU, ChFC
Tanja Sattler - Posted on August 25, 2006
Hooray!! Thanks you for such a great write up on these amazing women. You have introduced me to new role models, and celebrated several well known ones. These two articles have been read with relish - thank you, thank you.
asher b abelow - Posted on August 25, 2006
An excellent list of great American women.I'd include Ann Moore who I believe heads up Time Warner Publishing.
Margie Goward - Posted on August 25, 2006
Denny-Thank you! Great job!
Gerald Goldberg - Posted on August 25, 2006
This is the best email I have ever received. Have forwarded it to women of accomplishment I know as friends.
John Fabian - Posted on August 25, 2006
Ann Mulcahy gets my vote as the best of them all. She didn't have the financial training "required" to be a CEO, disregarded the advice of the "experts" who told her to take the company into chapter 11 and always credits others for Xerox's turnaround (admittedly, still a work in progress and not guaranteed to succeed by any means).