February 1, 2015 / Fortune Asia / Volume 171 / Number 2

26 The Algorithmic CEO
Get ready for the most sweeping business change since the Industrial Revolution. To thrive, companies-and the execs who run them-must transform into math machines.
By Ram Charan

28 The Age of Unicorns
The billion-dollar tech startup was supposed to be the stuff of myth. Now they seem to be ... everywhere.
By Erin Griffith and Dan Primack

34 The Trials of a 16-Year-Old Can’t-Miss Startup
Jawbone, led by charismatic CEO Hosain Rahman, has long captivated some of Silicon Valley’s savviest investors. But now it’s losing market share in its key businesses and facing a daunting new competitor in Apple. Can the VC darling ever live up to its promise?
By Adam Lashinsky

42 Where Is Big Tech Headed?
We’re in the early stages of a data-science revolution, says Salesforce.com CEO Marc Benioff. Executives in every type of business need to embrace the disruption and finally get serious about cybersecurity.
By Adam Lashinsky

46 Everybody Hates Pearson
Okay, not everybody. The venerable publishing company is trying to reinvent itself for the Digital Age-in the most fraught, political, emotion-racked field there is: your children’s education. That’s stirring up a lot of anger.
By Jennifer Reingold

54 The New World of Business
China’s slowing. Russia’s flailing. Is any emerging market worth putting your money in? We’ve found seven of them.
By Ian Bremmer

Plus: Bill Browder on why you shouldn’t invest in Russia, Jen Wieczner on the best bets for investors, and Norman Pearlstine’s review of Browder’s Red Notice.

8 MACRO
Closer Look
Inside the quest for the universal flu shot.
By Erika Fry

11 MACRO
Briefing
Tough times for a favorite corporate tax haven.
By Vivienne Walt

14 MACRO
The Global 500 Chartist
The shift in headquarters of the Global 500 companies over a decade shows how much the earth’s corporate terrain has changed.
By Scott DeCarlo

16 MACRO
The New Workforce
Intel is putting big money into grade-school education-and betting that it pays off.
By Michal Lev-Ram

17 MACRO
Great Workplaces
Employees at luxury hotelier Four Seasons chase career advancement around the world.
By Robert Hackett

18 MACRO
World’s Greatest Leaders
Alcoa CEO Klaus Kleinfeld is finding new lives for an old product.
By Geoff Colvin

19 MACRO
World’s Most Admired Companies
Tech giants aiming to fill their teams with more women should look at the American Express playbook.
By Caroline Fairchild

20 MACRO
Verne Harnish
Five ways to shake up your offices.

21 INVEST
Interview
Howard Marks of Oaktree Capital on oil, fear, and the rational investor.
By Lauren Silva Laughlin

24 INVEST
Road to Wealth
Some municipal bonds may benefit because of cheaper oil and gas.
By Janice Revell

7 EDITOR’S DESK

64 BING!

CORRECTION

”Renault-Nissan Will Need to Replace Its CEO One Day” (Jan. 1, 2015) said Carlos Ghosn is the only executive to head two Fortune Global 500 companies at once. While he is the only person to be the chairman and CEO of two Global 500 companies, Song Zhiping was simultaneously chairman of two Global 500 companies in 2013 and 2014: China National Building Materials and Sinopharm. (He was not the CEO of Sinopharm.)

ON THE COVER: ILLUSTRATION BY JEREMY ENECIO

[IMAGES]

Prototypes of Jawbone’s UP3 fitness-tracker bands
IAN ALLEN

11 Luxembourg’s business-friendly tax laws have saved companies billions of dollars, but European politicians are demanding reform.
STUART FORSTER由EX USA

ｩ Time Inc.