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Table of Contents:VOL. 156, NO. 7 - October 01, 2007

COVER STORY: LEADERSHIP 2007
How top companies breed stars
By Geoff Colvin, Fortune senior editor-at-large
The world’s best companies realize that no matter what business they’re in,
their real business is building leaders. Here’s how the champs do it.
・Inside GE’s success

’No holds barred’
By Geoff Colvin, Fortune senior editor-at-large
Ken Chenault talks about leadership development at American Express.

The top companies for leaders
The list of the top 20 global companies, with regional rankings from North
America to Asia, insights into leadership training from the best firms,
and more.

Break free!
By Gary Hamel
Like many great inventions, management practices have a shelf life. In his
new book, Gary Hamel explains how to jettison the weak ones and embrace the
ones that work.

LUXURY SPECIAL REPORT
The fast lane
Fall fashion takes on a whole new meaning with outrageously cool custom cars,
seriously stylish auto-inspired gear, and much more. By Sue Zesiger Callaway

FEATURES
MySpace strikes back
By David Kirkpatrick, Fortune senior editor
Facebook, Shmacebook. Rupert Murdoch’s social-network play is still the country’s
most trafficked website. And it’s only getting stronger.

The real Macquarie
By Bethany McLean, Fortune editor-at-large
Macquarie Bank has made infrastructure funds a smoking-hot investment class.
But the way it finances its deals has shortsellers circling.

Deconstructing Time Warner
By Richard Siklos and Stephanie N. Mehta, Fortune
As the Dick Parsons era draws to a close, Jeff Bewkes is preparing to take
over as CEO. He faces restive shareholders, a flat stock price, and the
challenge of figuring out whether a media colossus makes sense.

A conversation with the Chairman
By Andy Serwer, Fortune managing editor
Former Fed chief Alan Greenspan speaks to Fortune about market mayhem,
housing prices, and his new critics
・Full interview
・Book review: ’The Age of Turbulence’

Can Susan Schwab save free trade?
The U.S. trade rep has channeled a personal tragedy into a nonstop crusade
to keep globalization alive. By Nina Easton

Classic rock saviors
The Digital Age has upended the music business. But old rockers have brought
millions back into concert halls. A Fortune picture portfolio. By Katie Benner

FIRST
The new land grab
By Katie Benner, Fortune reporter
Private equity firms and hedge funds are snapping up cheap land in markets where
real estate has gone from boom to bust. By Katie Benner

’Wall Street’ turns 20
A sequel to Oliver Stone’s classic tale of 1980s excess is in the works. So,
what’s up with Gordon Gekko? By Telis Demos

Pepsico’s Broadway bet
The soda and snacks giant is putting its market research onstage.
By Oliver Ryan

DISPATCHES
India’s pizza wars
Two American fast-food giants, Pizza Hut and Domino’s, are duking it out in
a hot market. by Sheridan Praso

You got served
She’s blunt. She’s flashy. And customer-service chief Sue Nokes is T-Mobile’s
secret weapon in a cutthroat industry. By Jennifer Reingold
・Full special report

COLUMNS
Teamwork
Meet the new steel: the ArcelorMittal team responsible for an advanced highstrength
steel for the auto industry. Photographs by David Yellen

The deal
By Allan Sloan, Fortune senior editor-at-large
Myth busting: Sorry, folks, Blackstone Group isn’t gaming the tax system.

Don’t hit the panic button
By Geoff Colvin, Fortune senior editor-at-large
Trust our open markets. By Geoff Colvin

What makes history happen?
The first of a three-part series on the nature of power. By Matt Miller

INVESTING
Cash in on the rebuilding boom
Congress and state and local governments are allocating billions of dollars to
beef up bridges, roads, utility lines, and other aging infrastructure in coming
years. We found four companies poised to benefit.

Dodging the mortgage bullet
Franklin Templeton’s Chuck Lahr saw the signs of trouble brewing in the mortgage
market and moved a lot of his fund’s money overseas. Here are three stocks he
likes now.