The ongoing debate about financial regulatory reform and the looming European debt crisis are two dominant themes in Treasury & Risk's 100 Most Influential People in Finance list this year. The 2012 list includes lots of movers and shakers in Washington, reflecting the efforts there surrounding derivatives and money-market fund regulations, the Volcker Rule, convergence with international accounting standards, corporate tax reform and the federal deficit. There are also a number of global leaders on this year's list as companies watch to see whether the eurozone's problems will derail the global economic recovery. The heart of the list, though, remains the corporate finance executives—CFOs, treasurers, risk officers and others—who continue to come up with better ways to get the job done and innovative approaches to help their companies flourish.
CFOs
WERNER BRANDT
CFO AND MEMBER OF THE EXECUTIVE BOARD
SAP
Brandt has led the technology company's finance function through three major acquisitions— BusinessObjects, Sybase and SuccessFactors—in the last four years. Now he faces integrating a fourth acquisition, of e-commerce company Ariba.
JACK CALLAHAN
CFO AND EVP
MCGRAW-HILL COS.
Callahan, who joined McGraw-Hill in 2010 after serving as CFO at Dean Foods, is dealing with McGraw-Hill's split into two public units by spinning off its education unit. The effort involves extensive cost cuts and the disaggregation of the work done by the company's shared services center.
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JEFFREY CAMPBELL
EVP AND CFO
MCKESSON
As finance chief for the massive pharmaceuticals distributor, Campbell is credited with assembling an effective team and leading it well. Prior to joining McKesson, Campbell was CFO of AMR and its subsidiary, American Airlines.
PAUL CLANCY
CFO AND EVP
BIOGEN IDEC
Since becoming CFO of the biotech drug company in 2007, Clancy has coped with proxy battles mounted by activist investor Carl Icahn and turnover in the CEO spot. More recently, he's overseen a resurgence in Biogen's stock.
DAVID GRAZIOSI
CFO, TREASURER AND EVP
ALLISON TRANSMISSION
Graziosi joined Allison in 2007, shortly after it was purchased from General Motors, and since then has built the financial infrastructure necessary for a standalone company, improved the balance sheet by cutting debt and played a key role in the company's IPO earlier this year.
DANIEL HENRY
CFO AND EVP
AMERICAN EXPRESS
As other financial firms capsized amid the market meltdown, Henry helped American Express successfully navigate the crisis. And this year, he was recruited to join the board of Groupon to provide accounting expertise after the coupon company had to restate its 2011 financial results.
DAVID HERZOG
CFO AND EVP
AMERICAN INTERNATIONAL GROUP
Herzog is leading an epic turnaround at the insurer, the progress of which was evidenced by the Treasury's sale of another chunk of its AIG stake in May. The effort to mend the insurer involves a host of strategic decisions by the CFO.
RONALD JADIN
CFO AND SVP
W.W. GRAINGER
As finance chief for the distributor of industrial products since 2008, Jadin worked to contain costs by doing more with less as he steered the company through the recession.
JOE KAESER
CFO
SIEMENS
Kaesar gained recognition for responding to the impact of the eurozone crisis earlier than many other finance executives. He also has obtained a banking license for Siemens from the German Financial Supervisory Authority and set up a new financial operating model, One Siemens, that's focused on capital efficiency.
SETURAMAN MAHALINGAM
CFO AND EXECUTIVE DIRECTOR
TATA CONSULTANCY SERVICES
A 40-year employee of the Indian IT services provider and its CFO since 2003, Mahalingam has played a key role in Tata's growth into a $10 billion global company that is outpacing its Indian rivals.
SCOTT MORRISON
CFO AND SVP
BALL CORP.
Morrison and his team put together an enterprise risk mapping system run on Ball Corp.'s intranet that lets the company assess and prepare for potential risks. He also extended Ball's debt maturities for 10 years at favorable rates, strengthening the company's financial structure.
PETER OPPENHEIMER
CFO AND SVP
APPLE
Oppenheimer and Apple made a splash earlier this year by deciding to issue a dividend for the first time ever. As the tech company's finance chief since 2004, Oppenheimer has a reputation for being a strategic CFO with strong people skills.
VASANT PRABHU
CFO AND VICE CHAIRMAN
STARWOOD HOTELS AND RESORTS
While steering the company through the downturn, Prabhu managed to cut costs and reduce debt to position the hotel operator for the recovery. Now Starwood is expanding rapidly in markets such as Latin America, China and the Middle East.
KIMBERLY ROSS
CFO AND EVP
AVON PRODUCTS
Since joining the beauty products company last fall, Ross has dealt with turnover in the CEO position and a takeover bid from Coty, while overseeing a finance department dealing with a long-running Foreign Corrupt Practices Act investigation. Next up: executing a turnaround.
JAMES SAWYER
CFO AND EVP
PRAXAIR
Sawyer, who has held the CFO position for the last 12 years, developed a strategy to better link Praxair's decision making process with its financial objectives, in part by more tightly controlling capital spending resulting in industry leading return on capital. Praxair has provided an annualized shareholder return of 16% over the past decade
TRACEY TRAVIS
CFO AND SVP, FINANCE
RALPH LAUREN
Travis has served as finance chief for the apparel company since 2005, and over the last year and a half, she has presided over an impressive performance by the company's stock.
KATHY WILLARD
CFO AND EVP
LIVE NATION ENTERTAINMENT
Willard has handled the financial aspects of divestitures, spin-offs and more than 200 acquisitions for the giant entertainment company, most notably its 2010 acquisition of Ticketmaster.
Finance Pros
RAFFI BASMADJIAN
HEAD OF GROUP CASH MANAGEMENT & TREASURY IT
FRANCE TELECOM
Over the last year, Basmadjian oversaw a revamp of France Telecom's cash management and treasury structure that included cash pooling for 210 entities, netting for 197 and a treasury and cash management shared service center that serves 77 units. The company's payment factory is due to be rolled out in 2012.
JÖRG B. BERMÜLLER
HEAD OF CASH AND RISK MANAGEMENT
MERCK KGAA
As German pharmaceutical company Merck KGaA–not to be confused with Merck & Co. in the U.S.–made a steady stream of acquisitions in recent years, including the purchase of Millipore, Bermüller was responsible for the smooth integration of treasury tasks, including implementing a risk management system and expanding the payment factory.
GARY BISCHOPING JR.
TREASURER AND VP
DELL
Bischoping led a transformation of Dell's global treasury operations that standardized and automated processes and moved treasury from multiple platforms to just one. The effort, which included streamlining bank connectivity via SWIFT, provided Dell with real-time visibility into cash, liquidity and risk.
BRENT CALLINICOS
TREASURER AND VICE PRESIDENT
GOOGLE
Callinicos and his team continue to automate Google's treasury functions. Recent initiatives include expanding the payments infrastructure to non-treasury payment and automating the reporting system. Meanwhile, Callinicos has taken on added responsibility for the company's worldwide accounting and tax.
NICK CYPRUS
CONTROLLER, CHIEF ACCOUNTING OFFICER AND VP
GENERAL MOTORS
As the auto company's controller since 2006, Cyprus has redesigned the controller's organization, staffed it with world-class talent and developed training programs to meet accountants' continuing education requirements and train them in key high-risk areas.
PETER DOREY
MANAGER, GLOBAL TREASURY OPERATIONS
TALISMAN ENERGY
Dorey is leading a program to enhance the Canadian oil and gas exploration and production company's global treasury operations by implementing multicurrency notional cash pooling, centralized forecasting and FX management and enhanced technology.
ROBERT FALZON
TREASURER AND SVP
PRUDENTIAL FINANCIAL
Falzon developed a more risk-sensitive capital management framework to evaluate Prudential's alternatives for redeploying capital, which results in greater capital flexibility. The framework includes a dynamic capital protection plan that identifies emerging stress scenarios.
JORGE GOMEZ
CFO, PHARMACEUTICAL DIVISION
CARDINAL HEALTH
Prior to being named to his current position earlier this year, Gomez served as Cardinal Health's treasurer. In that position, he led risk management efforts that strengthened the balance sheet and resulted in several credit rating upgrades. He also played a key role in the $5 billion spin-off of the medical devices unit.
TESSA HILADO
SVP, FINANCE AND TREASURER
PEPSICO
Hilado has upgraded PepsiCo's cash and debt management capabilities and provided leadership in the redesign of the defined-benefit pension plan, as well as the design and execution of a systematic hedging program. She also led funding efforts for a number of the company's acquisitions, including the $7.8 billion transaction for its bottlers.
JAMES HODGE
SVP, CORPORATE CONTROLLER AND TREASURER
CA TECHNOLOGIES
Hodge led efforts to reduce leverage by more than $1 billion, which resulted in a ratings increase to investment grade (BBB+/Baa2) from speculative. He also centralized CA's global cash management by using netting and both physical and notional cash pools.
RICHARD LAUTCH
TREASURER AND VP
STARBUCKS
Lautch has played a key role as the coffee chain remodeled its financial structure by adding debt, via a commercial paper program and bond issuance, implementing a dividend and getting rid of underperforming stores.
TERI LIST-STOLL
SVP AND TREASURER
PROCTER & GAMBLE
As P&G's treasurer since 2009, List-Stoll completed the $2.7 billion divestiture of the Pringles business, and oversaw a $1 billion issue of 10-year notes at a record-low 2.38% yield, as well as the formation of a healthcare joint venture with Teva Pharmaceuticals.
FRANÇOIS MASQUELIER
HEAD OF TREASURY AND CORPORATE FINANCE, SVP
RTL GROUP
At Europe's largest TV, radio and production company, Masquelier has implemented a group-wide reporting process for internal controls, developed a governance risk and compliance tool, and focused on setting up full straight-through processing across the company's treasury systems.
MARK MCDONOUGH
TREASURER AND VP
MERCK & CO.
McDonough and the Merck treasury team were early adopters of ISO 20022 XML messaging and SEPA credit transfers, using them to implement a standard cash management process and global interface for payments and collections. The solution yielded savings by increasing cash visibility, enhancing yields and cutting bank charges.
ANITA PATTERSON
DIRECTOR OF TREASURY SERVICES
COX ENTERPRISES
Patterson provides strategic direction on all treasury issues for the media company, including managing banking arrangements and ensuring Patriot Act compliance. She also serves as vice chairman and a member of the board for the Association for Financial Professionals.
CATHERINE PORTMAN
VP, TREASURY
JUNIPER NETWORKS
Portman led efforts that resulted in Juniper's obtaining an investment-grade rating from both Moody's and Standard & Poor's, followed by the company's first public debt offering. And her analysis of Juniper's global counterparty risk enabled the company to take steps to reduce its potential exposure.
GEORGE ZINN
TREASURER AND CORPORATE VP
MICROSOFT
In 2011, Microsoft took home the overall Alexander Hamilton Award for the fourth time, as Zinn and his team continue to come up with solutions that address significant treasury issues, such as cash visibility and risk tracking.
Risk Managers
GRACE CRICKETTE
CHIEF RISK OFFICER
UNIVERSITY OF CALIFORNIA
Crickette is credited with saving the university considerable sums with her initiatives, which include putting in place safety programs, improving claims management systems, developing risk financing strategies and implementing ERM throughout the university.
DOROTHY GJERDRUM
CHAIR, U.S. TECHNICAL ADVISORY GROUP For ISO 31000 AND EXECUTIVE DIRECTOR, PUBLIC ENTITY AND SCHOLASTIC, ARTHUR J. GALLAGHER
As ISO 31000, an international risk management standard, gains users among U.S. companies, Gjerdrum serves as chair of the U.S. Technical Advisory Group, which worked on the draft standard.
DAVID INGRAM
EVP
WILLIS RE
Ingram provides thought leadership on the theory and practice of enterprise risk management for insurers. As a member of Willis Re's analytics teams, he works with insurers on practical ways to employ ERM to determine strategies and actions to enhance their risk-adjusted value.
PAUL SOBEL
CHIEF AUDIT EXECUTIVE AND VP
GEORGIA-PACIFIC
Sobel is a thought leader on the topics of risk management, internal audit and governance, and has written three books, including "Auditor's Risk Management Guide: Integrating Auditing and ERM."
THOMAS WILSON
CHIEF RISK OFFICER
ALLIANZ
Wilson oversees risk for the global insurer, which handles both property and casualty and life, as well as having an asset management arm. He is driving its preparations for Solvency II and won kudos for his work steering Allianz through the financial crisis.
BANKERS
SCOTT BARTON
CO-CEO, INTERNATIONAL BANKING
RBS
Barton was named co-CEO of international banking, a unit combining the bank's global banking and markets operations with the international arm of its global transaction services business, in January. Previously, he was CEO of global transaction services, where he refocused strategy and helped drive the business forward.
PAUL CAMP
MANAGING DIRECTOR AND GLOBAL CASH MANAGEMENT EXECUTIVE
J.P. MORGAN TREASURY SERVICES
Camp provides strong leadership for the bank's innovative cross-border payable, receivable, liquidity and balance management solutions. He has been instrumental in leading the efforts to expand J.P. Morgan's treasury services operations globally.
PETER CHERECWICH
COO, CORPORATE AND INSTITUTIONAL SERVICES
NORTHERN TRUST
In 2011, Cherecwich led Northern Trust in making and integrating two strategic acquisitions that built the asset servicing unit's capabilities in the growing areas of hedge fund administration and ETF back-office services. Cherecwich's unit also took on large new clients in Australia, Asia and the Middle East last year.
STEVE ELLIS
EVP AND HEAD OF WHOLESALE SERVICES
WELLS FARGO & CO.
Ellis oversaw the successful integration of Wells Fargo's and Wachovia's wholesale banking platforms while still pushing innovation. Customers using commercial/corporate mobile banking grew 144% year-over-year.
JEFF FICKE
DIRECTOR OF TREASURY MANAGEMENT AND SVP
FIFTH THIRD BANCORP
Ficke's leadership has propelled strong growth in Fifth Third's treasury management business. He has developed robust analytics and reporting teams in the unit.
MICHAEL FOSSACECA
REGIONAL HEAD OF CLIENT SALES MANAGEMENT FOR CORPORATES, NORTH AMERICA, AND MANAGING DIRECTOR
CITI TRANSACTION SERVICES
Amid increasingly complex regulatory challenges, Fossaceca and his team of more than 100 banking specialists come up with customized solutions for 3,000 clients in North America. The team helps optimize liquidity and create efficiencies in working capital management.
SHAHROKH MOINIAN
HEAD OF TRADE FINANCE AND CASH MANAGEMENT CORPORATES, THE AMERICAS, GLOBAL TRANSACTION BANKING
DEUTSCHE BANK
Moinian drives significant added value in working capital for Americas-based corporates leveraging the bank's next-generation treasury solutions. By coupling its strong North American franchise and its century-old presence in Latin America with 21st century innovations, he advances treasury efficiencies region-wide.
DIANE REYES
GLOBAL HEAD OF PAYMENTS AND CASH MANAGEMENT
HSBC
Reyes' position is a new one for HSBC and underscores the bank's continued commitment to investing in its payments and cash management business. She joined HSBC last year from Citi and has 20 years of experience in financial services.
PAUL SIMPSON
HEAD OF GLOBAL TRANSACTION BANKING
BANK OF AMERICA MERRILL LYNCH
As head of Global Transaction Banking, which combines the bank's treasury solutions and global custody and agency services units, Simpson leads efforts to provide cash management to 97% of Fortune 1000 companies. Since signing on last year, he has added resources in Asia, EMEA and Latin America.
Technocrats
MICHAEL BODSON
CEO-ELECT
DEPOSITORY TRUST & CLEARING CORP.
Amid the global regulatory effort to rein in over-the-counter derivatives, Bodson and the DTCC are playing an increasingly important role as the back-office provider rolls out trade repositories to track derivatives trades.
JIM HAGEMAN SNABE
CO-CEO
SAP
With the $4.3 billion acquisition of e-commerce company Ariba, Snabe and co-CEO Bill McDermott have given SAP a big boost in cloud computing and gained access to the 730,000 companies on Ariba's network.
CHARLES PHILLIPS
CEO
INFOR
Infor, the third-largest ERP provider, built its product line mostly through acquisitions. Phillips, a former Oracle executive, has invested heavily in R&D and built a platform that lets the company's individual applications work together seamlessly.
EDI POLONIATO
SVP, STRATEGY AND CORPORATE DEVELOPMENT
KYRIBA
Polianato and Kyriba tapped into an area of great interest to treasury professionals when they rolled out a supply chain finance module for the company's treasury workstation this year.
KURT VANDEBROEK
SVP, PRODUCT MANAGEMENT
SUNGARD'S AVANTGARD
Vandebroek led the development of SunGard's AvantGard electronic bank account management (eBAM) solution and championed SunGard's participation in SWIFT's eBAM central utility pilot.
Rulemakers and Lobbyists
BEN BERNANKE
CHAIRMAN
U.S. FEDERAL RESERVE BOARD
Signs of modest recovery provided no respite for Bernanke, who has had to manage a political standoff on the debt ceiling, a U.S. sovereign debt downgrade and the potential blow-up of the euro. Meanwhile, he has dramatically increased the Fed's transparency.
MICHAEL BOPP
PARTNER AND CO-CHAIR, PUBLIC POLICY PRACTICE GROUP
GIBSON DUNN & CRUTCHER
Bopp's skillful leadership of the coalition of trade associations representing corporate end users of OTC derivatives allow the group to box above its weight in the debate about regulating such derivatives.
DARYL BUCK
BOARD MEMBER
FINANCIAL ACCOUNTING STANDARDS BOARD
Buck, former CFO of a privately held company and a member of the Blue-Ribbon Panel that looked at accounting standards for private companies, was appointed to FASB last year to represent the views of private companies.
ANTHONY CARFANG
PARTNER AND DIRECTOR
TREASURY STRATEGIES
With the regulation of U.S. money-market funds at a crossroads, Carfang is playing a key role in the debate, in part via persuasive white papers.
EDWARD DEMARCO
ACTING DIRECTOR
FEDERAL HOUSING FINANCE AGENCY
As head of the agency charged with overseeing battered housing giants Fannie Mae and Freddie Mac, DeMarco has been widely criticized for opposing principal reductions on home mortgages.
JAMES DOTY
CHAIRMAN
PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD
Doty continues to press for audit industry improvements despite being raked over the coals by legislators earlier this year when he testified before Congress about the PCAOB's consideration of auditor rotation.
JOHN ENGLER
PRESIDENT
BUSINESS ROUNDTABLE
Under the leadership of the former governor of Michigan, the Business Roundtable has been heavily involved in such key issues as corporate tax reform, the federal budget, derivatives regulations and proxy access.
TIMOTHY GEITHNER
SECRETARY
U.S. TREASURY
In an election year fraught with potential economic crises and calls for radical solutions, Geithner, the Obama economic adviser with the closest ties to Wall Street, was a voice for moderation, warning that severe budget cutting could spell economic disaster.
GARY GENSLER
CHAIRMAN
COMMODITY FUTURES TRADING COMMISSION
Despite the MF Global debacle that occurred on his watch, and his recusal from the agency's investigation given the time he spent working under Jon Corzine at Goldman Sachs, Gensler has pushed through new CFTC rules for regulating derivatives.
HANS HOOGERVORST
CHAIRMAN
INTERNATIONAL ACCOUNTING STANDARDS BOARD
The former Dutch finance minister has the daunting task of pressing the U.S. and Japan, two of the world's largest economies, to move away from their insular accounting standards and join 100 other nations in adopting International Financial Reporting Standards.
GARY KABURECK
CHIEF ACCOUNTING OFFICER AND VP
XEROX
In addition to his work at Xerox, Kabureck influences the evolution of accounting standards as a frequent author of comment letters and vice chair of Financial Executives International's Committee on Corporate Reporting.
MARY JOHN MILLER
UNDERSECRETARY FOR DOMESTIC FINANCE
U.S. TREASURY
Miller, who joined Treasury after a long career in fixed income at T. Rowe Price, is a key figure in the writing of regulations stemming from Dodd-Frank, including the Volcker Rule.
CRAIG OLINGER
ACTING CHIEF ACCOUNTANT, DIVISION OF CORPORATION FINANCE
U.S. SECURITIES AND EXCHANGE COMMISSION
Olinger has been deeply involved in efforts related to international accounting standards.
SCOTT O'MALIA
COMMISSIONER
COMMODITY FUTURES TRADING COMMISSION
A Republican appointee to the CFTC, O'Malia voted against new CFTC rules on derivatives and asked the Office of Management and Budget to do a cost-benefit analysis of the new rulemaking effort.
TOM QUAADMAN
VICE PRESIDENT
U.S. CHAMBER CENTER FOR CAPITAL MARKETS COMPETITIVENESS
Quaadman plays an active role in many of the regulatory issues of interest to corporate finance executives, including derivatives, lease accounting, money-market funds and proxy access.
MARY SCHAPIRO
CHAIRMAN
U.S. SECURITIES AND EXCHANGE COMMISSION
Whether it's the efforts to reregulate money-market funds, the proposals to adopt international accounting principles or the fight on proxy access, the SEC chair will play a key role.
DANIEL TARULLO
GOVERNOR
FEDERAL RESERVE BOARD
Tarullo, a former law professor, has become the central bank's point person on its oversight of U.S. banks and other regulatory issues, such as the Volcker Rule.
Government Agents
BARACK OBAMA
PRESIDENT OF THE UNITED STATES OF AMERICA
Heading into the November election, the president faces another slowdown in economic growth and a crisis in the eurozone that threatens to cause more havoc.
REP. DAVE CAMP (R-MICH.)
CHAIR
HOUSE WAYS AND MEANS COMMITTEE
The chair of the committee in charge of tax policy in the House is pushing for a reduction in corporate taxes to 25% in exchange for an end to the current welter of ever-changing credits and exemptions.
SEN. ROB PORTMAN (R-OHIO)
MEMBER
JOINT SELECT COMMITTEE ON DEFICIT REDUCTION
Portman, Bush's budget director in 2006-2007, was the go-to Republican on the so-called Super Committee. Portman blames both parties for that effort's failure, and both the Bush and Obama administrations for the nation's debt crisis.
MARK PRATER
MINORITY CHIEF TAX COUNSEL AND DEPUTY STAFF DIRECTOR
SENATE FINANCE COMMITTEE
Prater served as staff director for the Super Committee, and while it failed to resolve the U.S.'s budget problems, we'll be hearing more from Prater, especially if Republicans win a Senate majority this November.
REP. PETER ROSKAM (R-ILL.)
CHIEF DEPUTY WHIP
U.S. HOUSE OF REPRESENTATIVES
An up-and-comer among House Republicans, Roskam has been leading the push for small business tax cuts. He's also a leading opponent of the inheritance tax and of raising the capital gains tax.
REP. PAUL RYAN (R-WIS.)
CHAIR
HOUSE BUDGET COMMITTEE
A leading deficit hawk, Ryan's budget proposal, passed by the House, for the first time it put one party, the Republicans, on record as favoring converting Medicare to a set of state block grants.
Global Leaders
MARIO DRAGHI
PRESIDENT
EUROPEAN CENTRAL BANK
Since taking charge of the ECB last fall, the former head of Italy's central bank has been trying to save the euro as nations founder in seas of red ink. His preferred solution: stronger economic integration.
FRANÇOIS HOLLANDE
PRESIDENT
FRANCE
After ousting conservative President Nicolas Sarkozy, Hollande, a Socialist, became the de facto leader of a concerted Eurozone challenge to German Chancellor Angela Merkel and her policy of austerity.
CHRISTINE LAGARDE
MANAGING DIRECTOR
INTERNATIONAL MONETARY FUND
As French finance minister, Lagarde was a key player in helping France and Europe weather the global financial crisis. Now, as the first woman to head the IMF, she has taken a hard line on helping Greece out of its debt crisis.
ANGELA MERKEL
CHANCELLOR
GERMANY
Sticking to a conservative position that Eurozone debtor nations must cut spending and get their budgets out of the red, Merkel faces growing opposition at home and, after the French election, from other Eurozone nations, too. She will hard-pressed to hold to her austerity line.
NGOZI OKONJO-IWEALA
FINANCE MINISTER
NIGERIA
Okonjo-Iweala, who was passed over for the job of president of the World Bank this year in favor of the U.S. candidate, Jim Yong Kim, has fought corruption and pushed to free the economy in Nigeria.
DILMA ROUSSEFF
PRESIDENT
BRAZIL
Rousseff's economic policies have helped contain inflationary pressures and positioned Brazil for long-term growth, making it one of the most attractive of the BRICs for foreign investors.
DUVVURI SUBBARAO
GOVERNOR
RESERVE BANK OF INDIA
Amid the central bank's financial reform efforts, Subbarao faces the challenges of a plunge in the rupee and spiking costs, factors that limit his ability to cut rates.
ZHOU XIAOCHUAN
GOVERNOR
PEOPLE'S BANK OF CHINA
Zhou is overseeing a cautious transition to a freely convertible Chinese renminbi. He needs to kick-start the country's slowing economy and may ease rules on foreign investments in China.
Heavy Hitters
MICHEL BARNIER
INTERNAL MARKET AND SERVICES COMMISSIONER
EUROPEAN UNION
Barnier is shaking up the audit industry in Europe by pushing for changes like mandatory auditor rotation and a prohibition on audit firms providing advisory service.
ALAN BLINDER
PROFESSOR
PRINCETON UNIVERSITY
Blinder employed the phrase "fiscal cliff" in a March op-ed about the pinch the U.S. economy could feel in January from spending cuts and tax increases. The phrase, subsequently popularized by Fed Chairman Bernanke, heightened recognition of risks the nation faces on the fiscal front.
WARREN BUFFETT
CHAIRMAN AND CEO
BERKSHIRE HATHAWAY
America's third-richest person confounded conservatives with a call for higher taxes on the rich. Arguing that higher taxes won't deter him or other fat cats from investing, Buffett says the "billionaire-coddling" Congress should raise taxes on those earning more than $1 million.
JOHN CASILLAS
SVP, BUSINESS-CENTERED SYSTEMS
HIMSS
Casillas is a pioneer in the development of technology solutions aimed at delivering healthcare more efficiently and cost-effectively, particularly in the area of payments processing.
STEPHEN GIRSKY
VICE CHAIRMAN
GENERAL MOTORS
Girsky has played a key role in developing GM strategy since joining the carmaker in 2010 after a career as an investor and earlier a sell-side analyst focused on the auto sector.
BILL GROSS
FOUNDER AND CO-CHIEF INVESTMENT OFFICER
PIMCO
These are tricky times for the fixed-income market, but big bond guy Gross and Pimco remain popular with investors. In fact, PIMCO rolled out a bond ETF this year that attracted $1 billion in assets in just three months.
ANTHONY KENNEDY
ASSOCIATE JUSTICE
U.S. SUPREME COURT
Whichever way the Supreme Court rules on healthcare reform, it will have a huge impact on U.S. businesses, and Kennedy is likely to cast the decisive vote, as he so often does.
ALICE RIVLIN
SENIOR FELLOW
BROOKINGS INSTITUTION
Rivlin, former vice chairman of the Federal Reserve and a member of the President's Debt Commission, is working behind the scenes in Washington on efforts to whittle away at the federal deficit.
Moving Targets
LUCIAN BEBCHUK
PROFESSOR
HARVARD LAW SCHOOL
Co-author of the book "Pay Without Performance," Bebchuk has criticized huge compensation packages for corporate executives in years when their companies lose money or even go bust.
DAN BROSS
SENIOR DIRECTOR OF CORPORATE CITIZENSHIP
MICROSOFT
Bross has been vocal on the topic of corporate political contributions, and Microsoft now posts its political contributions on its Web site twice a year. Bross also co-chairs the Conference Board's Committee on Corporate Political Spending.
DOUG CHIA
ASSISTANT GENERAL COUNSEL AND CORPORATE SECRETARY
JOHNSON & JOHNSON
Chia led a redesign of Johnson & Johnson's proxy statement intended to make it more accessible to individual investors.
LAURENCE FINK
CHAIRMAN AND CEO
BLACKROCK
Fink launched a push for better corporate governance at the start of the year by notifying 600 of the mutual fund company's biggest holdings that BlackRock hoped to discuss key issues with company management ahead of annual shareholder meetings.
HOLLY GREGORY
PARTNER, CORPORATE GOVERNANCE
WEIL GOTSHAL & MANGES
Gregory, a leading authority on corporate governance, advises boards, senior executives and international organizations. She played a key role in drafting the OECD Principles of Corporate Governance and advised the European Commission on corporate governance codes.
ANNE SHEEHAN
DIRECTOR OF CORPORATE GOVERNANCE
CALIFORNIA STATE TEACHERS' RETIREMENT SYSTEM
Sheehan has been influential on issues such as say on pay and proxy access, and created a database of minority directors that CalSTRS, a mammoth public pension fund, offers to companies. This year, she was appointed to the SEC's Investor Advisory Committee.
PAUL VOLCKER
FORMER CHAIRMAN
PRESIDENT'S COUNCIL ON JOBS AND COMPETITIVENESS
Former Fed chairman Volcker pushed what became known as the "Volcker Rule"—an effort to sever commercial and investment banking. Amid bitter opposition from banks, the rule is yet to take effect, though recent scandals have kept it, and Volcker, in play.
RUTH WANDHÖFER
GLOBAL HEAD OF REGULATORY & MARKET STRATEGY IN EMEA
CITI TRANSACTION SERVICES
A well-known authority on regulation, particularly the Single Euro Payments Area (SEPA) and the Payment Services Directive (PSD), Wandhöfer has spearheaded the EU banking industry's engagement in negotiations concerning SEPA regulation.
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