... September 11, Avon's stock had fallen 10 percent. The combined threats of additional terrorism and global economic recession were a primary concern. Economists were predicting rising unemployment, lower business profits, decreased discretionary spending, and a general retrenchment by businesses and consumers. And the firm's revenues could be hit hard insofar as many of the big overseas markets, such as Argentina and Brazil, faced economic decline. She felt encoutaged when notified that Avon's business had returned quickly to near-normal levels. Jung assumed the position of president and chief executive officer of Avon Products, Inc. on November 4, 1999. At the age of forty-one, she became the first woman to lead Avon in that position in the company's history, and she was one of the few Fortune 500 women CEOs. On September 6,2001, she also assumed the additional post of chairman of the board of directors. Jung had expected the appointment and was aware of the awesome responsibility of the position. Avon enjoyed a global ...

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