A source close to the situation says that it was Andrea Jung herself who proposed splitting her job into two distinct roles.
By Beth Kowitt, writer-reporter
FORTUNE -- Andrea Jung is out as CEO of Avon, but she'll remain a presence at the troubled cosmetics company -- for now. The company announced yesterday that in 2012 it will split the CEO and chairman roles, with Jung staying on as executive chairman once MOREDec 14, 2011 10:53 AM ET
The problem isn't that Wall Street broke the rules to their own benefit, it's that the rules themselves are unhelpful.
By Roger Martin and Jennifer Riel, contributors
FORTUNE -- The Occupy Wall Street movement has generated a slew of questions from those outside the occupying ranks: Who are these people? What do they really want? Which city will be next? How will our public officials respond? And as the protests have stretched MORENov 9, 2011 10:53 AM ET
Did the Apple impresario really earn all those patents? Yes, argues Microsoft researcher Bill Buxton. More importantly, Jobs' relationship to design and invention is an invaluable guide for managers in every type of business.
By Bill Buxton, principal researcher Microsoft Research
FORTUNE -- Late last month, The New York Times published an article that both interested and surprised me. Steve Jobs is cited as an inventor on 313 patents and is the MORESep 21, 2011 3:16 PM ET
Fortune selected an executive dream team consisting of the world's best business leaders. Mellody Hobson, the president of Ariel Investments, gives us her selections and why.
FORTUNE -- In the Sept. 5 issue of Fortune, we imagined a new kind of fantasy league: one focused on business leaders, where the stats are ruled more by market cap and earnings per share than on-base percentage and earned run averages. (See Fortune's fantasy MOREAug 23, 2011 9:52 AM ET
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