President of the Philippines in Top 10 of Forbes' 100 Most Powerful Women list
President Gloria Macapagal-Arroyo moves up to 4th position (from #9 in 2004) in Forbes' 100 Most Powerful Women list, behind the United States’ Secretary of State Condoleezza Rice, Chinese Vice Premier Wu Yi and Ukrainian Prime Minister Yulia Tymoshenko who occupy the top three places.
"This is a recognition of the President's qualities as a leader and her achievements, particularly in driving our economic growth up to 6.1 percent, even in the face of adversities," Press Secretary and Presidential Spokesman Ignacio R. Bunye said.
The rest of the Top 10 are Margaret Whitman (eBay Chief Executive), Anne Mulcahy (Xerox Chief Executive), Sally Krawcheck (Citigroup, Chief Financial Officer), Brenda Barnes (Sara Lee Chief Executive), Oprah Winfrey (Harpo Chairman and celebrity) and Melinda Gates (The Bill and Melinda Gates Foundation Co-Founder).
Forbes' 100 Most Powerful Women list illustrates how fleeting power is. Forbes cited former Indonesian President Megawati Sukarnoputri, who dropped off the rankings after losing her reelection bid.
Also dropping off the list was Carlton Fiorina, who got booted from Hewlett Packard. Tymoshenko (Ukranian Prime Minister who ranked third) is a newcomer in the list.
Power requires influence in the global marketplace, as well as economic and cultural clout. According to Forbes, to rank these leaders, each of the women received a "power scorecard" based on her résumé, the size of the economic sphere in which she wields power and global media exposure.
More specifically, Forbes power rankings are based on a composite of numerous factors, including global visibility (measured by press citations) and economic impact.
The latter, in turn, reflects three things: résumé (a prime minister is more powerful than a senator); the size of the economic sphere over which a leader holds sway; and a multiplier that aims to make different economic yardsticks comparable.
For example, a politician is assigned a GDP number but gets a low multiplier, while a foundation executive is assigned the foundation's assets but gets a high multiplier.
Source: Forbes Magazine, New York / Manila, Philippines - July 29, 2005
President Gloria Macapagal-Arroyo moves up to 4th position (from #9 in 2004) in Forbes' 100 Most Powerful Women list, behind the United States’ Secretary of State Condoleezza Rice, Chinese Vice Premier Wu Yi and Ukrainian Prime Minister Yulia Tymoshenko who occupy the top three places.
