WINNERS

TOM WYATT

Named president of Gap’s struggling Old Navy unit, plans to emphasize value over trendy apparel offerings.

CRAIG DONOHUE

Top dog at CME, the parent of the Chicago Mercantile Exchange, bags Nymex in $8B deal.

STEVE BALLMER

Even before a Jerry Seinfeld ad airs, Microsoft CEO gets huge p.r. benefits.

LOSERS

FRED SMITH

The business plan of the FedEx CEO – treat drivers as benefits-free independent contractors – comes under fire.

STACY JOSLOFF

CEO of swimwear maker Inca Designs, desperately seeking cash for company.

RICHARD FULD

Lehman boss running out of options as stock sags and writeoffs grow.