This morning we publish our Most Powerful Women in business list – a Fortune tradition since 1998. That year, a Lucent executive by the name of Carly Fiorina (target of Donald Trump’s latest bizarre utterance) held the top spot. There were only two female CEOs on the list: Jill Barad of Mattel and Co-CEO Marion Sandler of Golden West Financial.

This year there are a record 27 CEOs on the list, overseeing a total of $1 trillion in stock market value. The top three:

1 – Mary Barra, number two last year, led General Motors through its recall crisis.

2 – Indra Nooyi, number three last year, heads Pepsi and was ahead of the pack in recognizing shifting views about healthy food.

3 – Ginni Rometty, who led the list last year, is in the midst of a bold restructuring of IBM, but its steady slide in sales has…

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