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Steve and Connie Ballmer are splitting their $8 billion philanthropy into three so the people closest to the work can decide how the money is spent

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U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender

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Google cofounder Sergey Brin has now spent $100 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

1

Steve and Connie Ballmer are splitting their $8 billion philanthropy into three so the people closest to the work can decide how the money is spent

2

U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender

3

Google cofounder Sergey Brin has now spent $100 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses
NewslettersMPW Daily

These are the female exec moves to watch this week

Emma Hinchliffe
By
Emma Hinchliffe
Emma Hinchliffe
Most Powerful Women Editor
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Emma Hinchliffe
By
Emma Hinchliffe
Emma Hinchliffe
Most Powerful Women Editor
Down Arrow Button Icon
September 4, 2025, 9:02 AM ET
Former Columbia president Nemat (Minouche) Shafik has a new gig.
Former Columbia president Nemat (Minouche) Shafik has a new gig.
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In today’s edition: Trump vs. D.C., the upside of “great jeans,” and exec moves to have on your radar.

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It’s that time of year when change is in the air. School is starting, leaves will soon be changing, and women are, as per usual, making moves. We haven’t brought you our usual Movers & Shakers section in a bit, so here are some the latest moves of note in corporate America and beyond:

Michelle Battersby worked with Michelle Kennedy in the earliest days of Bumble. The Michelles just got back together, with Battersby joining Kennedy’s startup Peanut as president. Peanut is a social network for moms.

The Ad Council hired Jennifer Mamlet as chief development officer. Mamlet was acting president and CEO of the JCC Association of North America. The Ad Council board is currently being chaired by Disney advertising exec Rita Ferro.

Nemat (Minouche) Shafik, the former president of Columbia who left after a difficult tenure marked by campus unrest over Gaza, has a new gig. She’ll be chief economic adviser to U.K. Prime Minister Keir Starmer.

Kara Brothers, who ran the popular pimple-patch brand Starface, stepped down from her role as president.

CDC director Susan Monarez was the latest Trump administration official to be fired last week. As Federal Reserve official Lisa Cook fights back against her own removal, Monarez’s will raise questions this week. HHS Secretary RFK Jr. is expected to face tough questioning on the firing in a Senate Finance Committee hearing today.

More news below!

Emma Hinchliffe
emma.hinchliffe@fortune.com

The Most Powerful Women Daily newsletter is Fortune’s daily briefing for and about the women leading the business world. Subscribe here.

ALSO IN THE HEADLINES

American Eagle's Sydney Sweeney ad was controversial—but good for business. The retailer says its much-criticized "great jeans" campaign contributed to "unprecedented new customer acquisition." Wall Street Journal

D.C. Mayor Muriel Bowser tried to find a way out of Trump's D.C. takeover. She issued an executive order for a Safe and Beautiful Emergency Operations Center to "ensure coordination with federal law enforcement to the maximum extent allowable by law within the District." Some residents weren't thrilled by her cooperation with the White House, even as she pledges the city doesn't need a "presidential emergency." Politico

Female athletes are powering Nike's turnaround. While NBA stars' sneakers fail to live up to the highs of their predecessors, WNBA stars have some of the most exciting deals—and products—at Nike. Bloomberg

ON MY RADAR

Why are single men so miserable? Vox

Who am I without birth control? New York Times

The baby died. Whose fault is it? Wired

PARTING WORDS

"That’s what they’re paying me for. They’re not paying me to sit in a meeting."

—Shonda Rhimes on prioritizing her creative time, no matter the growth of her TV empire

This is the web version of MPW Daily, a daily newsletter for and about the world’s most powerful women. Sign up to get it delivered free to your inbox.
About the Author
Emma Hinchliffe
By Emma HinchliffeMost Powerful Women Editor
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Emma Hinchliffe is Fortune’s Most Powerful Women editor, overseeing editorial for the longstanding franchise. As a senior writer at Fortune, Emma has covered women in business and gender-lens news across business, politics, and culture. She is the lead author of the Most Powerful Women Daily newsletter (formerly the Broadsheet), Fortune’s daily missive for and about the women leading the business world.

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