Table of Contents:VOL. 156, NO. 7 - October 15, 2007

Features
The Global 50
With 11 newcomers - several of them American expats gone to Europe - our
list of the most powerful women in global business demonstrates their rise
in male-dominated fields, from nuclear energy to mining to oil.

America’s Power 50
Patricia Sellers
The credentials of these women, including the 13 newcomers, are the strongest
yet. by Katie Benner, Eugenia Levenson, and Rupali Arora
Burberry’s new boss doesn’t wear plaid
By Peter Gumbel, Fortune
Angela Ahrendts grew up in a small town in Indiana wanting to be a designer.
Now she’s running the quintessentially British fashion house. Can she supercharge
the brand whose ubiquitous check has lost its cachet?

Dynamic duo
By Betsy Morris, Fortune senior writer
Anne Mulcahy and Ursula Burns saved Xerox in a historic turnaround. Now they
face a different kind of challenge: sharing power and managing succession.
FORTUNE goes behind the scenes.

Sunny Upside
Solar energy is now very real, and at hot companies like SunPower, the
”green” that matters is money - by the billions. by Marc Gunther

MySpace Strikes Back
Facebook, Shmacebook. Rupert Murdoch’s social-network play is still the
country’s most trafficked website. And it’s only getting stronger. by David
Kirkpatrick

First
Recession chatter gets louder
By Peter Eavis, Fortune writer
The fear factor has spiked in recent weeks as a series of indicators signal
that Wall Street’s troubles are starting to spread to Main Street.

Lord of the Roof
Ryan Jarvis’s London startup rents space atop urban buildings, then subleases
to service providers that mount wireless network antennas. by Mark Halper

Organic Moguls 2.0
Now that Whole Foods has a $6 billion market cap and Wal-Mart sells naturally
grown chard, the organic movement’s founding fathers are looking for their next
big hits. by Mattthew Boyle

Hot job: Selling Web ads
By Jessi Hempel, Fortune writer
A shortage of online advertising sales reps has led to bidding wars, lavish
perks, and fat salaries, reports Fortune’s Jessi Hempel.

Dispatches
Wheeler Dealer
Roger Penske adds the tiny, egg-shaped Smart car to his $17 billion automobile
empire. by Alex Taylor III

Columns
Value Driven
By Geoff Colvin, Fortune senior editor-at-large
The future of healthcare coverage could one day depend on the ups and downs
of Wall Street, writes Fortune’s Geoff Colvin.

Technology
Facebook is the most profound Net innovation since eBay. by Brent Schlender

The Deal
By Allan Sloan, Fortune senior-editor-at-large
The reckless are getting relief from Bernanke while the prudent are paying
the price, argues Fortune’s Allan Sloan.

Investing
Why Blackstone is a buy
By Adam Lashinsky, Fortune senior writer
The private equity firm’s shares have taken a drubbing since their summer debut.
But there’s plenty to like about this stock, argues Fortune’s Adam Lashinsky.

How High Can Oil Go?
Goldman Sachs commodities analyst Jeffrey Currie sees crude prices moving
above recent record levels.

Business Life
The Next Monaco?
Canadian mining magnate Peter Munk aims to turn a crumbling Montenegro naval
base into an international destination for Russian oligarchs and their $100
million yachts, tanned heiresses blowing money at high-end boutiques, and
chic travelers drinking Bellinis at seaside caf?. by Philip Delves Broughton