IT WAS A YEAR OF HIGHS AND LOWS FOR THE NEWLY promoted Universal chairman. She amassed more power in September upon the departure of chairman Adam Fogelson, then engineered the overhaul of Focus Features that included the exit of CEO James Schamus and arrival of new CEO Peter Schlessel. Universal is enjoying its biggest year ever at the global box office -- revenue is running north of $3.7 billion (though the flop R.I.P.D. was a blot on summer and December's pricey 47 Ronin has bad buzz). Still, Langley is shepherding the hot project Fifty Shades of Grey. "It's the kind of challenge we live for," says Langley, who hopes for a franchise based on EL James' book series. Married with two young sons, Langley attributes the studio's record year to a well-rounded slate that included tentpoles such as Illumination's Despicable Me 2 ($918.3 million) and Fast & Furious 6 ($788.7 million) and midlevel hits like the Melissa McCarthy comedy Identity Thief ($229.7 million) and the horror pic Mama ($146.4 million). But the tragic death Nov. 30 of Paul Walker, star of the Fast & Furious franchise, leaves the series' seventh installment in limbo. And now it's up to Langley to figure out how or if the film can be salvaged. -- PAMELA McCLINTOCK