By Patricia Sellers
August 5, 2008

“Nothing is created without something being destroyed.”

– ADM

chairman and CEO Pat Woertz, who has had to make wrenching personnel and capital allocation decisions in her current job and her previous one too–as head of Chevron’s (CVX) downstream operations. ADM, which processes food and ethanol, reported disappointing earnings this morning. Woertz, No. 6 on Fortune’s Most Powerful Women in Business list, is struggling to lift ADM stock, which at $26 is at a two-year low.

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