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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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NewslettersMPW Daily

Democrats have been worrying about how to reach male voters for months. But women were crucial to election victories in New Jersey, Virginia, and NYC

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
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November 5, 2025, 10:28 AM ET
Democrat Abigail Spanberger won Virginia's governor's race, with 65% of the female vote.
Democrat Abigail Spanberger won Virginia's governor's race, with 65% of the female vote. Win McNamee/Getty Images
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Leading up to yesterday’s Election Day, two closely watched governor’s races attracted attention: Mikie Sherrill’s in New Jersey and Abigail Spanberger’s in Virginia.

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Both candidates were centrist Democrats who rose to power in the first post-Trump wave—part of the 2018 edition of the “year of the woman.” Both emphasized their veteran bona fides, Sherrill as a veteran herself and Spanberger as the daughter of one (and herself a former CIA officer). They were even roommates on Capitol Hill.

But as Election Day drew closer, their races tightened. Some started to question whether that approach—compared to Zohran Mamdani’s high-energy race for mayor in NYC as a democratic socialist—could win voters today.

Last night, both Sherrill and Spanberger pulled it off (as did Mamdani). Their wins will tie an all-time high for women governors, with 14 soon to be in power.

While Sherrill and Spanberger are more centrist than leftist, they still ran on issues driving voters right now: namely, affordability, with promises to lower costs of health care, housing, and utilities. Spanberger told supporters after her win: “We sent a message to the whole world that in 2025, Virginia chose pragmatism over partisanship.” Sherrill saw how historic this pair of wins was for “the little girls who come up to me and say they’re going to be a governor, or they’re going to be a president.”

Meanwhile, in NYC, voters chose universal child care, one of the three pillars that drove Mamdani’s unlikely race—even chanting it back to the new mayor during his victory speech. And voters soundly rejected, in Andrew Cuomo, a candidate who the DOJ found to have sexually harassed 13 women over his tenure as governor.

It was women who drove these election results. In Virginia, 65% of women cast their ballots for Spanberger (whose opponent was also a woman, GOP lieutenant governor Winsome Earle-Sears). In New Jersey, Sherrill earned 62% of the female vote. In NYC, young voters delivered the most striking outcomes. Within that, young women stand out—84% of 18- to 29-year-old women went for Mamdani, who will be the city’s first Muslim mayor and, at 34, its youngest in a century.

After months of debate among Democrats over how to reach young male voters, the podcast manosphere, and the male discontentment that brought Trump back to a second term, these results can serve as a wake-up call: Sure, Democrats should try to reach those men—but don’t leave women behind. We still have power as candidates and at the polls.

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

There's a lot going on at Paramount. New mogul David Ellison is trying to build a tech and media giant—one whose content has an "alpha male" bent. Then there's the Bari Weiss takeover at CBS and recent layoffs in which 11 out of 14 TV execs let go were women. One familiar face is part of this new era: Cindy Holland, who developed Netflix's original content strategy and was responsible for hits like Stranger Things, is running Paramount's direct-to-consumer operation. Variety 

AMD is seeing "unprecedented growth opportunity." The chipmaker and Nvidia competitor beat some earnings estimates on Tuesday with revenue from data centers up 22% and client and gaming sales up 73%. CEO Lisa Su is pursuing that growth—but its stock still fell slightly after earnings as investors worry about an AI infrastructure bubble. WSJ

Sydney Sweeney has no regrets about that 'jeans' ad. When she did the American Eagle campaign, criticized for a eugenics vibe with its play on "genes/jeans," she was just doing a "jean ad," she says. President Trump's reaction to it was "surreal," she adds. American Eagle has also stood by the ad and says it drove sales. Variety

The power of the Fortune MPW Summit in action. Alta founder Jenny Wang, whose app is an AI personal stylist, met TaskRabbit CEO Ania Smith at the Summit in October. The two companies have just launched a partnership—TaskRabbit will help Alta users get their closets onboarded to the app.

ON MY RADAR

After Smithsonian controversy, Amy Sherald opens to fanfare in Baltimore Washington Post

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Margaret Atwood on the lessons she learned as a young girl WSJ Magazine

PARTING WORDS

"In my work, I’ve always given myself that permission to kindly and lovingly ask for what I need. But when it comes to my real life, that is where I don’t know how. It’s been a work in progress for years."

— Ariana Grande, who's getting ready for the release of Wicked: For Good this month

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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