MOST

INFLUENTIAL

Corporate Power
Brokers

Warren Buffett
CEO

Berkshire Hathaway Inc.

Count on Buffett, 82, to frame
new financial controversies with
old-line value-investing rules.
As Facebook shares slid after
the IPO, he said: You shouldnt buy a farm
because you think youre going to sell it the
next day for more money.

Money Managers

COFOUNDER

Asness, 45, grew assets under

management at AQR by about
two-thirds in 18 months, to
$54.5 billion as of June 30.
The tally includes $7 billion in mutual funds,
which range from an arbitrage product to a
fund designed to capture stock momentum.

The 74-year-old son of the

industrial groups founder
has made Hyundai Motor the
worlds No. 5 car company and
is making inroads in the luxury segment.
Hyundai Motor was the most profitable of the
worlds large automakers in 2011.

Tim Cook

John Fredriksen

CEO

CHAIRMAN

Apple Inc.

Seadrill Ltd.

While Apples market value

soared during his first year in
the top job, Cook, 51, may need
many years to show hes a
worthy successor to Steve Jobs. He also has
to live up to his $378 million compensation
package for 2011.

Hamed bin Zayed al Nahyan

Chase Coleman

See profile, page

34

Leon Cooperman

Koch Brothers

Yuri Milner

CHAIRMAN EMERITUS

FOUNDER

FOUNDER

David Koch, left, 72, and

brother Charles, 76, have a
combined fortune that, as of
mid-August, was about $10
billion bigger than Bill Gatess. The siblings
set the standard for American titans who
seek influence in politics.

The largest Russian-language

Internet company was a
springboard. Milner, 50,
emerged as a global tech
heavyweight in 2009 by acquiring the largest
stake in Facebook. A $100 million house in
Silicon Valley reinforces his stature there.

Rometty, 55, rose through the

ranks to claim the top job in
January at the fourth-largest
U.S. company by market value. She aims
to get operating earnings to $20 a share in
2015, up from $13.44 last year.

The fortune of the richest man

in the world grew by $12 billion
this year as of mid-August,
helped by share gains for large
holdings. Slim, 72, has been a buyer, with
America Movil building the largest stake in
Dutch mobile-service provider Royal KPN.

The parent of the Uniqlo

clothing chain is the biggest
component of the Nikkei
225 after its shares rose 158
percent in the five years ended in midAugust. Yanai, 63, is betting big on China,
where his plans call for hundreds of stores.

The initial public offering in May

and the hype that preceded it
and the hand-wringing that
followed put Zuckerberg, 28,
front and center on Wall Street. Now, he
needs to show he can generate ad dollars
with his network of a billion or so friends.

Ray Dalio

Mary Erdoes

FOUNDER

ASSET MANAGEMENT CEO

After the death of his older

brother in 2010, Sheikh Hamed
assumed the top job at Abu
Dhabi Investment Authority, one of the
worlds three largest sovereign-wealth funds,
according to research firm Preqin Ltd.

A 37-year-old protege of Julian

Robertson, Coleman claimed
the top spot in our February
ranking of the best-performing
large hedge funds, on the strength of a 45
percent return over 10 months. I would
always bet on Chase, Robertson says.

Average annual returns of

more than 13 percent over
two decades distinguish
Cooperman, 69, as a stock
picker with staying power. The question he
asks to find value: Whats ridiculously
priced now?

At the helm of the largest

hedge-fund firm, Dalio, 63,
mostly has kept the scale of the
operation from damping returns.
While his flagship Pure Alpha fund lost 3.9
percent in the first half of this year, it had still
returned 91.5 percent over three years.

As the top executive in

the banks global asset
management division, Erdoes,
45, runs an organization that
managed a cool $1.4 trillion as of March.
That includes a hedge-fund group that, on its
own, would be the worlds third biggest.

Ben S. Bernanke

Preet Bharara

Mario Draghi

Bridgewater Associates LP

Timothy F. Geithner

International Business
Machines Corp.

BlackRock
Inc.
See profile, page

44

PRESIDENT

SECRETARY

CHAIRMAN

CHAIRPERSON

Her Trinamool Congress party,

part of the ruling coalition,
has stalled Prime Minister
Manmohan Singhs economic
reform agenda by opposing foreign retailers.
Banerjee, 57, won a landslide in West Bengal
in 2011 to end 34 years of communist rule.

Bernanke, 58, is either dooming

millions to joblessness because
hes politically timid or debasing
the currency, depending on
which columnist or candidate is speaking.
Either way, hes established himself as one of
the most powerful central bankers in history.

With 66 insider-trading
convictions so far during his
tenure as U.S. Attorney for the
Southern District of New York,
Bharara, 43, has established himself as the
watchdog with bite. Hes in the post that
launched Rudy Giulianis political career.

When he cut interest rates at

his first meeting as president,
Draghi, 65, defied his staff
and showed he would plot a
different course than predecessor JeanClaude Trichet. Markets are testing his vow
to do whatever it takes to save the euro.

Regardless of who wins the

presidential race, Geithner, 51,
plans to step down. Yet he still
has the power to be a thorn in
the side of leaders in Europe, pushing them
to act more decisively to strengthen the
currency union.

A member of the Young Guns,

who rose quickly to challenge
older Republican leaders in the
U.S. House of Representatives,
Ryan, 42, is no compromiser. He was on the
Bowles-Simpson commission and voted
against the final plan.

Suu Kyi, 67, now in Myanmars

legislature instead of under
house arrest, says shes wary
of a rush by businesses to enter
the country. Nonetheless, her freedom is
a symbol of the change that has investors
weighing Myanmar as a frontier market.

Maury Harris
CHIEF ECONOMIST

The team led by Harris, 65,

had the most-accurate
predictions of U.S. growth in our
January ranking of economic
forecasters. Harris sees the U.S. expanding
2.1 percent this year and says politicians will
somehow avoid their fiscal cliff.

Lloyd Blankfein
CEO

Goldman Sachs Group Inc.

Amid cost cuts and job
reductions, Goldmans shares
were up 15 percent year to
date as of mid-August, while
Morgan Stanley shares fell. Blankfein, 57, has
won back some influence in part by simply
keeping the firm out of the headlines.

Glenn Hubbard
DEAN

Columbia Business School

Hubbard, 54, a Mitt Romney
adviser, says short-term
stimulus wont do much for
the economy, while tax reform
that cuts marginal rates will. Hubbard
was chairman of the Council of Economic
Advisers when the Bush tax cuts were born.

Daniel Kahneman
PROFESSOR EMERITUS

Princeton University
The Israeli-born psychologist,
a Nobel laureate for his work
in behavioral economics, won
new fans in the past year with
his book about biases in human thinking.
Kahneman, 78, has lucid explanations of the
mistakes that bankers and investors make.

Emilio Botin
CHAIRMAN

Banco Santander SA
Although running a Spanish
lender might seem a tenuous
position, Botin, 77, has seen his
efforts to expand and diversify
pay off. Santander, which gets a majority of
its profit outside Spain, has a market valuation
more than double that of Deutsche Bank.

Jamie Dimon
CEO

JPMorgan Chase & Co.

The trade that sank the London
Whale cost the bank more than
$5.8 billion and undermined its
CEOs message on excessive
regulation. Still, Dimon, 56, showed he can
be contrite, and the company still made $10
billion in the first half of this year.

European Central Bank

Paul Krugman
PROFESSOR

Princeton University
The Nobel laureate is
pounding the table to argue
that governments should be
supporting the global economy.
Krugman, 59, bemoans the austerity he sees
everywhere, not just in the euro zone but also
as U.S. state and local governments shrink.

Isabelle Ealet
CO-HEAD OF SECURITIES

Goldman Sachs Group Inc.

Ealet, 49, was promoted this
year when two of four people
running sales and trading left.
A native of France, she and
co-heads Pablo Salame and Harvey Schwartz
oversee businesses that generated 60
percent of Goldmans revenue in 2011.

U.S. Treasury

House Budget Committee

Carmen Reinhart
PROFESSOR

Harvard University
Her research connects the
dots between debt, financial
crises and very slow recoveries.
Reinhart, 56, in a paper
published with co-authors in April, warns that
debt above 90 percent of a countrys GDP
can restrain growth for more than 20 years.

Andre Esteves
CEO

Grupo
BTG
Pactual
See profile, page

60

Alan Simpson

National League for Democracy

Pacific Investment
Management Co.
After trailing peers in 2011,
Gross, 68, got the worlds
largest mutual fund back on
track. As of July 31, the Pimco Total Return
Fund was beating 98 percent of similar funds
both year to date and over five years.

PRESIDENT

U.S. Congress

IFO Institute

The debt-reduction blueprint

created by the commission
Simpson co-chaired, known
as Bowles-Simpson, has a
following among businesspeople, bankers
and former lawmakers, if not incumbent
politicians. Simpson, 81, keeps lobbying for it.

See profile, page

56

Facebook Inc.

Jeffrey Gundlach
FOUNDER

DoubleLine Capital LP
With an average annual return
of 13.9 percent for his flagship
bond fund, from its inception in
2010 through July, Gundlach,
52, is beating his largest rivals. His firm is up
to about $40 billion under management.

Adair Turner

Michael Platt
FOUNDER

BlueCrest Capital Management

LLP
His $32 billion firm is among
those that profited from the
London Whales failed trade.
Platt, 44, was up 3.9 percent year to date
through July in his international macro fund
and 2.6 percent in his BlueTrend fund.

Janet Yellen

CHAIRMAN

VICE CHAIRMAN

U.K. Financial Services

Authority

U.S.
Federal
Reserve

Turner, 56, together with Bank

of England Governor Mervyn
King, helped push Robert
Diamond out of Barclays after the Libor
scandal broke. Turner is a potential candidate
to replace King in June 2013.

Hans-Werner Sinn

FORMER SENATOR

Anshu Jain

COCHIEF INVESTMENT OFFICER

Aung San Suu Kyi

PROSECUTOR

U.S. Department of Justice

Fast Retailing Co.

Bill Gross
CEO

JPMorgan Chase & Co.

Paul Ryan

America Movil SAB

Larry Fink

CHAIRMAN

U.S. Federal Reserve

Mark Zuckerberg

CEO

Mail.ru Group Ltd.

FOUNDER

Omega Advisors Inc.

Tadashi Yanai

CO-FOUNDER

Koch Industries Inc.

FOUNDER

Tiger Global Management LLC

Carlos Slim

CO-FOUNDERS

MANAGING DIRECTOR

Abu Dhabi Investment

Authority

Ginni Rometty

CHIEF MINISTER

UBS Securities LLC

Bankers

Hyundai Motor Co.

Mamata Banerjee
West Bengal

Thinkers

CHAIRMAN

Cliff Asness
AQR Capital Management LLC

Policy Makers

Chung Mong Koo

See profile, page

50

Joseph Stiglitz

Zhou Xiaochuan
GOVERNOR

Peoples Bank of China

As investors worldwide
contemplated Chinas slowing
growth, Zhou, 64, cut interest
rates in June for the first time in
three years. Hes been atop the central bank
for almost 10 years, since shortly after Wen
Jiabao and Hu Jintao rose to power.

John Taylor

Nicolas Veron

PROFESSOR

PROFESSOR

SENIOR FELLOW

Stiglitz, 69, sharpened his

critique of the growing income
inequality gap in the U.S. in a
best-selling book in June. The
Nobel laureates views permeate the left side
of the debate over the economy and taxes in
the presidential race.

Hes known in monetary policy

circles for the Taylor rule, a
formula to prescribe moves in
interest rates based on changes
in inflation and output. Paul Ryan calls Taylor,
65, the leading voice on Fed matters.

Veron, 40, was an early

advocate of a banking union
as a way to tamp down the
euro-zone debt crisis. He splits
his time between his Brussels think tank
and the Peterson Institute for International
Economics in Washington.

Columbia University

Jiang Jianqing

Stanford University

Gerald McCaughey

Bruegel

Ruth Porat

John Stumpf

CO-CEO

CHAIRMAN

CEO

CFO

CEO

Jain, 49, became co-CEO on

June 1 and is scheduled to lay
out his strategy in more detail
this fall. For now, he is cutting
about 1,900 jobs by year-end1,500 of
them in the investment bank, which he used
to run. Hes also reducing compensation.

The head of Chinas largest

bank, Jiang, 59, has been
looking overseas. He has made
acquisitions from Asia to South Africa to
America, where the company is buying 80
percent of the U.S. unit of Bank of East Asia.

Canadas banks have

dominated our ranking of the
worlds strongest banks, and
CIBC, with its cash hoard, scored best among
its compatriots this year. McCaughey, 56, is
pushing to make his company even less risky.

With the market treating the

firms debt as riskier than that
of rivals, Porat, 54, has been
leading an effort to revamp
Morgan Stanleys funding. Shes taken steps
to get more deposits, eliminate commercial
paper and improve liquidity.

Stumpf, 58, has moved into

investment banking and set a
goal of doubling investment
management. Not the bestknown name in global finance, Wells Fargo
has nonetheless become the biggest U.S.
bank by market capitalization.

Deutsche Bank AG

Industrial & Commercial Bank

of China Ltd.

Canadian Imperial Bank of

Commerce

Morgan Stanley

Wells Fargo & Co.