By Nin-Hai Tseng, reporter
iPods don't have much to do with lipstick, but longtime Avon Products (AVP) CEO Andrea Jung said she thinks she brings a global perspective as well as her knack for innovation and design to Apple's (AAPL) board of directors.
"It's been a phenomenal experience working with Steve and the Apple team," said Jung, speaking at Fortune's Most Powerful Women Summit, which ended on Wednesday. "I think Apple is in its nascent years as far as expansion."
South Africa, Turkey, as well as parts of Central and Eastern Europe, show strong market potential this year, she said. And Brazil proved to be one of the most resilient economies to do business during the recession.
Jung has been CEO of the cosmetics, perfume and toy company for more than a decade. She told an audience of mostly female executives and entrepreneurs that she never expected to stay in her role for as long as she has. The challenge has been keeping from staying too comfortable and continuously finding new ideas.
"Having to reinvent oneself has been I think a privilege," she said.
The top diplomat discussed rumors of her next job, how the recession impacted diplomatic efforts, and the media's limited coverage of foreign policy.
By Tory Newmyer, writer
Secretary of State Hillary Clinton forcefully rejected speculation that the White House is considering a plan to have her switch places with Vice President Joe Biden for the 2012 ticket.
Taking the stage for the final day of Fortune's Most Powerful Women's Conference, Clinton said she MORE
Oct 6, 2010 12:47 PM ET
By Nin-Hai Tseng
Contrary to what many investors and banks fear, JPMorgan's (JPM) China guru Jing Ulrich doesn't think there's a housing bubble in the world's second largest economy.
Ulrich, speaking at Fortune's Most Powerful Women Summit Wednesday morning about how to navigate China's marketplace, says the surge in home prices exist in a few areas such as the country's major cities but prices generally aren't inflated.
Her remarks come as Chinese government MORE
Oct 6, 2010 9:32 AM ET
Policies that promote a work-life balance are not only important for women in the workplace, they help U.S. companies compete.
By Tory Newmyer, writer
Addressing a gathering of the top women in business, President Barack Obama called for more flexible workplaces to accommodate those also trying to raise families.
The president, during a dinnertime speech to Fortune's Most Powerful Women Summit on Tuesday, acknowledged the issue disproportionately impacts women. But he emphasized MORE
Oct 5, 2010 9:35 PM ET
Jami Miscik, the former deputy director of intelligence for the CIA, says the U.S. is losing its edge, and our biggest problem is the divisive culture we're forming here at home.
By Tory Newmyer, writer
In case you don't have enough to worry about, here are some extras to keep you up at night: a crippling disruption of the global supply chain, our continued vulnerability to a cyber attack, the inevitability of MORE
Oct 5, 2010 6:31 PM ET
The new sheriffs of Wall Street see progress from recent financial reforms, but there's still much more work ahead.
by Nin-Hai Tseng, reporter
However deep the scars of the U.S. banking crisis, one of the positive aspects that has transpired is the rise in corporate leadership, said FDIC chairman Sheila Bair Tuesday at Fortune's Most Powerful Women Summit in Washington DC.
Bair was joined in a panel discussion by what some are MORE
Oct 5, 2010 6:17 PM ET
The chemical giant suffered along with the rest of the economy during the downturn, but it's now hiring. CEO Ellen Kullman discusses its rebound, and its future.
by Beth Kowitt, writer-reporter
DuPont's stellar stock performance has been driven in large part by its investment in research and development during the downturn, said Ellen Kullman, the company's CEO, during Fortune's Most Powerful Women's Conference on Tuesday.
The stock is up more than 30% this MORE
Oct 5, 2010 6:01 PM ET
A turnover in the mayoral office in Washington, DC has all eyes on DC schools chief Michelle Rhee, who says that education reform is always going to leave some people very unhappy.
By Tory Newmyer, writer
Michelle Rhee, the District of Columbia schools chief who earned national renown as a tough-nosed reformer, struck a defiant tone Tuesday at Fortune's Most Powerful Women Conference in the wake of an election that pushed out MORE
Oct 5, 2010 5:13 PM ET
Technology has distracted consumers, and that's leading to new challenges for multi-national consumer companies like PepsiCo, Kraft, and Yahoo.
by Beth Kowitt, writer-reporter
The key to capturing consumers at a time when they're pulled in more directions than ever is to engage them directly, said the CEOs of three Fortune 500 companies during Fortune's Most Powerful Women's Conference on Tuesday.
"There's no question it's more complicated out there," said Kraft (KFT) CEO Irene MORE
Oct 5, 2010 3:58 PM ET
The White House domestic policy director defends the administration's actions, saying the economy was worse than they knew at the time of the first stimulus.
By Tory Newmyer, writer
The question of whether the White House oversold its $814 billion economic stimulus package -- and, more generally, overestimated the public appetite for spending -- has become a prickly one for the administration. Republicans have co-opted the tea party crowd's focus on MORE
Oct 5, 2010 1:55 PM ET