Carol Meyrowitz has been with the United States’ largest international apparel and home fashions discount store chain since 1983; and from then on as expected, she climbed the corporate ladder and eventually became TJX Companies’ CEO on January 2007. To date, she’s ranked number 82 in Forbes most powerful woman for 2013.
Well, actually, Meyrowitz has been ranked even higher at 68 last year, and 24th last 2009 – which is exactly what I was saying in the previous post – that those who are ranked higher would still make the list the following year. That’s why it’d be better to feature lower ranked individuals first for exposure equality.
At any rate, if it’s only the basics (even the most complex business activity that is), most everyone who makes the cut are naturally capable.
With that, what then are the key factors in Meyrowitz’ inclusion to this elite list?
- That she oversees more than 3,000 discount stores in the U.S. and the world over, and would be targeting a revenue growth of $40 billion while increasing their stores to 4,500.
- That she is said to have earned more than $21.8 million last year.
Hmm… okay, being the Chief Executive of such a company is huge, no doubt. Big organization. Thousands of employees. Numerous branches. Large income. Who wouldn’t like such?
But then, doesn’t it sound boring and “simple”? Yes, simple. Just all about dollars and market share. See, that is why there is now this Giving Pledge foundation of Bill Gates and Warren Buffet. For what will you do with all your wealth anyway? Live luxuriously? Isn’t a million or so enough? Hey, many are starving.
Because if this is all there is to Meyrowitz, I mean, dollars and position – then her story would end here. Same goes with all the other leaders and personalities who could only feed shareholders.
And indeed, looking at Meyrowitz’ profile that is after going through TJX, there’s really nothing much to talk about but her education at Rider University which is as expected that she did complete.
Now, if she had philanthropic activities, though it’s assumed of her status – it’d be a bit different depending on her focus. Like if her activities are more on the “ordinary” (gender equality) that everybody seems to be riding on – then her actions would not be thoroughly felt unless she’s aggressive enough to go further. Say include racial discrimination, and employment stereotyping?
Better yet, how about addressing one thing that has really been overlooked? Supporting the production of medicines that really cure – not those that simply treat illnesses. The ugly face of business is that business has just been business when it comes to health.
What’s your take?