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Jobs tops Fortune power list

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Three of Fortune Magazine's Top 10 most powerful people in business for 2007 come from the IT sector, with Apple chairman and CEO Steve Jobs securing the number one slot.

Admitting that its annual list of the 25 most powerful people in world business is "subjective – yet really quite accurate", Fortune credits Jobs with "upending" five industries during the course of his 30-year career – computers, Hollywood, music, retailing and wireless phones.
"At this moment, no one has more influence over a broader swath of business than Jobs," Fortune says.
Coming in fourth in the list are Google "wunderkids" and presidents Larry Page and Sergei Brin, along with CEO Eric Schmidt. "The ambitions of Brin and Page, Google's 34-year-old founders, are pretty much boundless. Sure, they've already revolutionized – okay, massively disrupted – the advertising industry. But the billionaires aren't stopping there. They've set their sights on altering how mobile telephones work, fixing climate change, utterly redefining the very nature of work, that sort of thing," says Fortune. "Preposterous? Actually, there's a method to their madness. Despite endless predictions that Google would run itself off the rails, the duo, along with CEO Eric Schmidt, have shown a good deal of management maturity. They've been willing to build (AdWords, their search-based advertising service) as well as buy (YouTube). And they've defied critics who said they couldn't operate their company for the long term."
As could be expected, Microsoft founder and chairman Bill Gates features among the Top 10, slotting in at number seven. Quite correctly, the magazine states that Gates "remains the iconic technologist, entrepreneur, and business leader of his generation."
But certain industry veterans may dispute its statement that he "invented the software industry, masterminded the rise of the PC, and has hung in there as a force on the Internet."
Fortune's Top 10 most powerful businesspeople is as follows:
1. Steve Jobs, chairman and CEO of Apple.
2. Rupert Murdoch, chairman and CEO of News Corp.
3. Lloyd Blankfein, chairman and CEO of Goldman Sachs.
4. Eric Schmidt, Larry Page and Sergei Brin, CEO; president, products; and president, technology respectively of Google.
5. Warren Buffett, chairman and CEO of Berkshire Hathaway.
6. Rex Tillerson, chairman and CEO of Exxon Mobil.
7. Bill Gates, founder and chairman of Microsoft; founder and co-chair of the Bill & Melinda Gates Foundation.
8. Jeff Immelt, chairman and CEO of General Electric.
9. Katsuaki Watanabe, president of Toyota.
10. AG Lafley, chairman and CEO of Procter & Gamble
More at www.money.cnn.com .