2 of 50
2. Irene Rosenfeld
Irene Rosenfeld
Chairman and CEO
Kraft Foods (KFT)
2007 rank: 5
Age: 55

When she took the helm of the food and beverage giant, Rosenfeld implemented a three-year plan she calls "the big cheese of all turnarounds." She's plowing money into brand building, empowering local managers in developing countries, and launching more ready-to-eat fare such as heat-and-serve Deli Creations flatbread sandwiches. This year the stock, which has remained relatively flat, replaced AIG on the Dow, and Warren Buffett recently upped his stake to 9%.

NEXT: Pat Woertz
Last updated October 16 2008: 10:16 AM ET
25 Highest-paid women Freeport McMoRan's Kathleen Quirk took home $16M last year. Which corporate women raked in even more? More
25 Best-paid men See how the highest-compensated male executives' paychecks compare to the 25 best-paid women. More
12 list dropouts A few familiar (and not so familiar) faces dropped off this year's 50 Most Powerful Women list. More