NEW YORK -- The title of most powerful businesswoman is going, going, gone, to eBay Inc.'s Meg Whitman.
The president and chief executive of the auction website surpassed Carly Fiorina, chairman and CEO of computer equipment maker Hewlett-Packard Co., who has held the title every year since Fortune magazine in 1998 began its annual list of most powerful women in business.
Whitman earned the top spot due to eBay's growth over the past year. EBay's earnings last quarter were double Wall Street's expectations, and the company recently acquired Baazee.com, India's largest online marketplace.
Meanwhile, Hewlett-Packard -- with $73 billion in revenue it's the 11th-largest US corporation -- struggled over the past year with competition and weak financial results.
Taking the number three spot was Avon Products Inc.'s chairman and CEO, Andrea Jung. Xerox Corp. chairman and CEO Anne Mulcahy was number four, and Marjorie Magner, chairman and CEO of Citigroup Inc.'s global consumer group, placed fifth.
Rounding out the top 10 were Oprah Winfrey; Citigroup Inc. finance chief Sallie Krawcheck; Fidelity Management and Research president Abigail Johnson; ChevronTexaco Corp.'s executive vice president of global downstream, Pat Woertz; Pfizer Inc. executive vice president Karen Katen.
Fortune rates the women based on the size of their employer or business and its importance in the global marketplace, their clout within the company, their career trajectories, and their cultural and social impact.