Reese earned another important accolade today – she was named on Fortune magazine’s Most Powerful Women list. Fortune’s Most Powerful Women list is a ranking that is put out every year looking at the 50 most powerful women in business. Four criteria are considered: the size and importance of the business, the direction of the business, the social and cultural relevance, and the trajectory of the woman’s career. Reese was not eligible for the main 50, but was featured as their special ‘number 51’ – read more below, and see the full list here:
Fortune’s Most Powerful Women
It’s MPW day. It’s a big day for us here at Fortune MPW HQ: The 2017 list of the Most Powerful Women in Business is out!
Racing into the top spot—for the third year in a row—is General Motors CEO Mary Barra. Rounding out the top 5: PepsiCo CEO Indra Nooyi (more on her later), Lockheed Martin CEO Marillyn Hewson, Fidelity CEO Abigail Johnson, and Facebook COO Sheryl Sandberg.
In all, the list includes seven newbies, one return, and 26 CEOs who, together, control a total market cap of $1.1 trillion. We have all the juicy details—including who’s off, who’s on, and who’s on our radar—below.
But before we get to that, it’s worth pointing out that this year marks Fortune’s 20th list, a testament to the importance we place on charting and celebrating these women’s careers. For more, I encourage you to read this editor’s letter, in which our fearless leader, Cliff Leaf, reflects on the history—and continuing necessity—of the ranking. As my co-editor on the list, Beth Kowitt, tells Cliff, covering the ever-evolving story of women in business is “complicated—and critically important, surprising, fascinating, and inspiring too.”
MORE FROM THE MPW ISSUE
• New women on the block. While the MPW list always includes women from a diverse range of businesses, this year’s newcomers have raised the bar: all seven hail from different industries. From energy (PG&E CEO Geisha Williams) to toys (Mattel CEO Margo Georgiadis) to retail (Ulta Beauty CEO Mary Dillion), they provide a peek into the diversity of global business today.
• MPWs in waiting. While these 10 women didn’t make the official list, they did catch our eye. We wouldn’t be surprised to see many of them grace the top 50 ranking in years to come…
• She’s No. 51, y’all. We have a tradition of naming a “bonus” MPW—No. 51—a distinction that goes to a woman who doesn’t technically fit our parameters when it comes to P&L and market cap, but who nevertheless captures the list’s powerful, business-savvy spirit. This year that spot goes to Hollywood multihyphenate Reese Witherspoon. For those keeping score at home, Witherspoon has launched a lifestyle startup as well as a multi-platform content company; and produced hits including Gone Girl, Wild, and Emmy fav Big Little Lies—all while still landing big, juicy acting roles for herself.
Wow, massive congratulations to the entire cast and crew of Big Little Lies who cleaned up at The Emmys last night!! They won a total of 8 awards, including Best Limited Series – which was a personal win for Reese as an executive producer – acting awards for Nicole Kidman, Alexander Skarsgard and Laura Dern, and directing for Jean-Marc Vallee. Find their full list of wins further down this post. On behalf of all Reese fans I think I can say how proud we are of her for the wonderful work she did both in front of and behind the scenes of Big Little Lies – this was clearly a passionate project for her and we’re so happy for her and the success and impact it’s having! And the same goes for the entire cast and crew who put together this fantastic show.
Reese was accompanied to the event by her husband, Mum and daughter, and posed on the red carpet with Nicole. Reese looked smart in a blue satin jacket dress by Stella McCartney (Reese wanted to wear a female designer), with a Tyler Ellis purse, shoes from Christian Louboutin, and David Webb jewellry.
This post will be updated with coverage from the night over the next day or so. To start with, we have a ton of videos from the red carpet. Photos are coming very soon….
Reese appeared on CBS’s This Morning earlier today – she chatted more about Big Little Lies, how she changed the course of her career in recent years, her upcoming project with Jennifer Aniston, and Draper James. Watch the video below and find HD screencaptures in our gallery:
Reese and her Home Again co-stars Candice Bergen, Jon Rudnitsky and Pico Alexander continued their promotional tour with an appearance on Watch What Happens Live With Andy Cohen last night. As well as their movie, Reese chatted about her upcoming TV show with Jennifer Aniston and Big Little Lies. The show had various games involving Reese and Candice’s movies, including Four Christmases, This Means War, Fear, Sweet Home Alabama, Legally Blonde, The Man In The Moon and Just Like Heaven – it was pretty funny seeing Reese’s reactions to these movies! She also re-created the Bend & Snap and explained how and when to use it. It was a really fun and lively interview, and nice to see Reese alongside Candice. She wore a dress by Bottega Veneta with Alaia shoes. Below are a few clips including their ‘after-show’ Q&A, and in our Gallery you can find photos of Reese arriving at the show studios, backstage, stills from the show, and HD screencaptures from the full interview:
Reese graces the cover of the new October issue of US Glamour magazine, and inside she writes an article for the magazine about empowering women in Hollywood and promoting women’s rights. She touches on some of her female-driven projects including Wild and Big Little Lies, as well as A Wrinkle In Time, her children’s response to her producing work, and her goals with Hello Sunshine. It’s a really good read, and you can find the full article here. The article is accompanied by a fun and fantastic new photoshoot – find that, in HQ, in our Gallery!
Reese Witherspoon Knows Rom-Coms Need an Image Makeover
Romantic-comedy heroines can seldom have it all. They’re either professionally successful and unlucky in love, or great with the kids and unfulfilled at work or in the bedroom.
But in “Home Again,” a comedy due Sept. 8, Reese Witherspoon is a walking empowerment meme, complete with a wardrobe of pristine white blazers: she’s a newly separated 40-year-old, the mother of two precocious girls who starts a promising career as an interior decorator and shacks up with a hot 27-year-old.
“It never would have even crossed my mind that she couldn’t be all those things,” the writer-director Hallie Meyers-Shyer said, adding, “That wasn’t my experience growing up.”
Ms. Meyers-Shyer, 30, is the daughter of two filmmakers: Nancy Meyers (“It’s Complicated”) and Charles Shyer (“Baby Boom”). She spent her formative years on movie sets, before making her directing debut with “Home Again.” (Nancy Meyers served as executive producer.)
“In certain ways, Hallie knows more about the movie business than I do,” Ms. Witherspoon said.
Ms. Witherspoon, 41, has lately taken a big leap as a filmmaker herself, starting a production company to focus on projects led by women, with hits like “Wild,” “Gone Girl” and, earlier this year, the HBO mini-series “Big Little Lies,” about mothers in wealthy Monterey, Calif., that starred Ms. Witherspoon and Nicole Kidman, among others. (A follow-up is being discussed with Liane Moriarty, the author of the novel on which it’s based, Ms. Witherspoon said.)
Speaking by phone from her Los Angeles home — and pausing briefly to greet Tennessee, the youngest of her three children — she spoke passionately about the changing roles for women on screen and how she wants to be a part of that change. These are edited excerpts from the conversation.
Reese appeared on ‘Chelsea’, Chelsea Handler’s weekly Netflix show, yesterday to promote Home Again. She also chatted about Big Little Lies, her producing work, her upcoming show with Jennifer Aniston, her love of dogs, and being a responsible adult! It’s a really fun interview! Below is a video of the full interview and I’ve added HD screencaptures to our Gallery:
Reese Witherspoon Extends Overall Deal With ABC Studios
Reese Witherspoon is extending her overall deal with ABC Studios for another year through her new company, Hello Sunshine. Under the pact, Witherspoon and Hello Sunshine’s head of film and television Lauren Levy Neustadter will develop comedy and drama TV projects for the studio.
Witherspoon previously had an overall deal at ABC Studios though Pacific Standard, the production company she co-founded with Bruna Papandrea. The pact yielded multiple sales and an ABC drama pilot in 2016 written by Meaghan Oppenheimer. Papandrea exited the company last year to start a new venture.
Witherspoon, who recently executive produced and starred in HBO’s buzzy limited series Big Little Lies, is repped by CAA, LBI, and Hansen Jacobson.
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