The Broadsheet: October 8th

October 8, 2014, 12:28 PM UTC
Fortune

Good morning from Fortune’s Most Powerful Women Summit in Laguna Niguel. Today is the final day of our event, and you can watch it live beginning at 8:35am PST on our newly-launched MPW channel. Read on to hear what high-powered women ranging from Ginni Rometty to Gabby Giffords to Gwyneth Paltrow said yesterday about what it takes to be a great leader.

EVERYONE'S TALKING

The Oracle: I'd bet money that Hillary wins. "Hillary is going to run... She's going to announce it as late as possible," said Warren Buffett, an Obama supporter, during the MPW Summit. "Hillary is going to win... I will bet money on it."  Fortune

FROM THE MPW SUMMIT

 Gabby Giffords on guns, recovery, and 'good stuff.' Nearly four years after the shooting attack that killed multiple bystanders and brought her to the brink of death, the former congresswoman spoke live at the MPW Summit. When asked about her recovery, she said, “It will be a long, hard haul, but I’m optimistic."  Fortune

 Rometty's three rules for transformation. “Never protect the past. Never define yourself as a product. Be a steward for the longterm," says IBM CEO Ginni Rometty. Her biggest challenge leading 430,000 employees? "The pace of change." Fortune

 Gwyneth Paltrow 'psyched' that Martha Stewart sees her as competition. Busy building her lifestyle startup Goop, the actress riffed on Stewart's claim that Paltrow "just needs to be quiet. She’s a movie star." Paltrow told the MPW audience: “If I’m really honest, I’m so psyched that she sees us as competition. I really am." Fortune

 The secret to Clinique's success. Estée Lauder's biggest brand has stayed strong for 46 years by balancing the essence of the product with constant innovation, said Jane Lauder, Global Brand President. “Brands are born, not created,” she added. Fortune

 Can the human genome change healthcare? The human genome is the most exciting thing happening in our lifetimes, said Anne Wojcicki, CEO and co-founder of personal genetics-testing company 23andMe. “We should all be aware of it and follow it,” she said.  Fortune

 New U.S. CTO on leaving Google: 'It was a no brainer.' Former Google exec Megan Smith said she couldn't pass up the opportunity to join the Obama administration. Now that she's in D.C., she's struck by the similarities between Washington and Silicon Valley. “You think of government bureaucracy, but really this White House team and this government, they really want to get things done," she said. Fortune

ADM chief on diversification. Pat Woertz, the CEO of agri-giant Archer Daniels Midland, said her company's global reach across 75 countries includes Ukraine and sections of West Africa threatened by Ebola. But she isn't fazed by the instability in some of those regions. “One of the ways to deal with volatility globally is to be globally diverse,” she said. Fortune

 YouTube today is like Google ten years ago. Google veteran and YouTube CEO Susan Wojcicki said about the early days at Google: "We had all these big plans, but we didn’t have enough people to get them done." Now YouTube is facing similar challenges, she explained. Fortune

 Fear the young unemployed. Longterm employment, especially among today's youth, is worrying Diana Farrell, who heads the new J.P. Morgan Chase Institute. "Growth and efficiency are not enough for a participatory economy,” said the former McKinsey exec and ex-White House economic aide. Fortune

 Facebook VP on success: 'Be opportunistic.' "There are going to be bumps in the road, but believe in yourself and have self-confidence,” Carolyn Everson, Facebook’s VP of global marketing solutions advised a group of high school girls at the Summit. She told them that Facebook’s motto is “Fail harder." Fortune

 Goldie Hawn, philanthropist. Twelve years after making her last movie, the Academy Award-winning actress, through her Hawn Foundation, is busy working on the mental health of children. “We are in a mental health crisis today with over 13 million children on psychotropic medications because they can’t focus and have anxiety disorders. The suicide rate is up, depression is up, and grades are down,” she said.  Fortune

BROADVIEW

Megyn Kelly on power

Facebook COO Sheryl Sandberg thinks that casting a spotlight on Megyn Kelly, the anchor of Fox News' The Kelly File, is a good way to promote powerful women.

On Tuesday, the Facebook COO interviewed Kelly on stage at the Fortune MPW Summit. Sandberg became enamored with Kelly last year after the news anchor aggressively shut down Fox News talking heads Erick Erickson and Lou Dobbs for making sexist comments about working moms. After watching the segment, “I just cold-called her,” Sandberg said.

Since then, the women who famously told us all to "Lean in" has been impressed by Kelly’s powerful demeanor on air.

“We are uncomfortable with aggression in women,” Sandberg said as she interviewed Kelly onstage. “We are uncomfortable with people who are forthright. The traditional way that women have anchored news is actually different than what you do. It is a little more eye-lash batting, a little flirtier, a little more demure, and you are not doing that. You are covering serious topics and you are doing it with strength and conviction.”

For her part, Kelly says that when her male on-air colleagues strongly push their guests, no one gives it a second thought. But when Kelly has a contentious interview, she's often described as shrill. But the anchor — whose show is now the second-most-watched cable news program — tries not to think about gender politics during work.

“When I sit across that desk, it doesn’t matter who is across from me,” Kelly said. “I only have one master and that is my audience, and I will serve that audience.”

Click over to Fortune.com to read how Kelly got into journalism in the first place. 

ALSO IN THE HEADLINES

'The bastion of sexism' in tech. Venture capital, with its "frat-boy behavior," has the worst gender dynamics is Silicon Valley, says Vivek Wadhwa. His solution? Hold them accountable and make them produce diversity data. WaPo 

 Jennifer Lawrence: Photo hacking is a 'sex crime.' "It’s my body, and it should be my choice, and the fact that it is not my choice is absolutely disgusting. I can’t believe that we even live in that kind of world," the actress said about photo hackers stealing personal photos from her phone and posting them online. Vanity Fair 

ON MY RADAR

The woman behind Fortune’s 50 Most Powerful Women Politico 

The case for women in data science  Bloomberg

What to do when the office gossip is about you  WSJ

Madam Secretary’s Hillary Clinton problem  Bloomberg

Majority of female restaurant workers report being sexually harassed  Time 

QUOTE

If I walk alone, I will go very fast. If I walk with others, we will go very, very far.

Uganda's Rehmah Kasule shared this wisdom on stage at the Summit while accepting the Goldman Sachs-Fortune Global Women Leaders Award.