Irene Rosenfeld, CE at Kraft Foods,USA
Education: BA/BS,Cornell University; PHD, Cornell University; MS,Cornell University
Her $26.3 million compensation package in 2009 made Rosenfeld the nation’s second-highest-paid female, after Yahoo’s Carol Bartz. She earned it, drawing fire early this year after announcing plans to acquire British candy maker Cadbury. Warren Buffett, whose Berkshire Hathaway owned 9.4% of Kraft, voted against the deal, calling it “dumb.” When Rosenfeld refused to back down, Buffett retaliated by selling 33.1 million Kraft shares (one-third of Berkshire’s stake). Who was right? Kraft’s second-quarter revenues rose 25.3% to $12.3 billion, boosted largely by Cadbury’s business in Europe and in developing markets.
Source cited: http://www.forbes.com/profile/irene-rosenfeld