When CHRIS A. DAVIS left GE in mid-1993 to become CFO of Gulfstream Aerospace, the jetmaker was nearly bankrupt. Davis played a key role trimming costs and reworking plans for the Gulfstream V. The result: After losing $275 million in 1993, Gulfstream got back in the black in 1994, and went public in October, '96. Citing her coolness under fire and sure grasp of finance, fellow execs say Davis, 46, is CEO material.

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