July 26, 2010 Vol. 162 No. 2 / Fortune Asia / Global 500 / THE WORLD'S LARGEST
CORPORATIONS

68 DANGEROUS LIAISONS AT IBM
How a star executive's love affair ensnared him in the biggest hedge fund
insider-trading ring ever.
BY JAMES BANDLER, WITH DORIS BURKE

80 BRAINSTORM TECH
TEN SMARTEST PEOPLE IN TECH
What constitutes tech savvy today? Intellect, ambition, and the ability to see
around corners. Some of our choices may surprise you.
BY JESSI HEMPEL AND BETH KOWITT

98 FORTUNE GLOBAL 500
THE WORLD'S NEW ECONOMIC LANDSCAPE
This year's companies know how to do business anytime, anywhere, with any
customer.
BY MARC GUNTHER

106 HOW TOYOTA LOST ITS WAY
Conquering the auto market, the company didn't globalize. It colonized. No wonder
it couldn't hear cries of alarm.
BY ALEX TAYLOR III

THE LIST

F--1 The World's Largest Corporations

F--11 Arrivals and Departures

F--12 Notes

F--13 Company Performance

F--15 Ranked Within Countries

F--21 Index

140 | BING!

FIRST

18 | BY THE NUMBERS
Safe or sorry?
BY BETH KOWITT

22 | CLOSER LOOK
Media vs. Chevron: Bring it on.
BY ALEX KONRAD

24 | THE CHARTIST
When allergies attack.
BY MELANIE LINDNER

26 | 40 UNDER 40
Omar Hamoui's startup sparked a bidding war between Google and Apple.
BY JESSI HEMPEL

28 | WORLD'S MOST ADMIRED COMPANIES
SABMiller, the second-largest brewer.
BY SCOTT CENDROWSKI

30 | THE BRIEFING
Sizing up Meg vs. Carly, a stock-car stock fund hits the wall, a summer greed
read, and more.

32 | PURSUITS
The new power watches.
BY SUE CALLAWAY

INVEST

34 | INTERVIEW
Billionaire investor T. Boone Pickens talks about the impact of the BP spill and
the buying opportunity he sees in oil shares.
BY KATIE BENNER

36 | ANATOMY OF A TRADE
Bill Nygren votes for the Comcast deal.
BY TIM GRAY

Opinion
40 | Why free trade matters: Breaking down barriers equals more U.S. manufacturing
jobs.
BY NINA EASTON
42 | Don't believe the populist hype. The government bailouts were the right thing
to do.
BY BECKY QUICK

CORRECTION: In "The Top Picks From 25 Great Investors" (June 14), we incorrectly
stated that Nektar Technologies sells specially modified drugs; in fact, Nektar
partners with other companies, which then sell the Nektar-modified drugs. And
in "Shelling Out for Coconut Water" (The Briefing, June 14), we presented market
share numbers for the coconut water industry as fact. They were, however,
estimates by an industry expert. Fortune regrets the errors.

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