November 15, 2010 Vol. 162 No. 8 / Fortune Asia

88 BOOK EXCERPT
COUNTRYWIDE: HOW THE ROOF FELL IN
CEO Angelo Mozilo saw a subprime mortgage crisis coming窶破ust not for his own
company. From the new book All the Devils Are Here.
BY BETHANY MCLEAN AND JOE NOCERA

94 THE DREAM PHONE
The soon-to-be-unveiled Verizon iPhone is the answer to many consumers' prayers.
But a deal with Apple will test the company that Ivan Seidenberg has spent his
career building.
BY SARAH ELLISON

103 WHERE ARE THEY NOW?
They once made headlines. Now they thrive behind the scenes. Fortune catches up
with business leaders who shook things up, from "Chainsaw Al" to "Unruly Julie."

114 THE PATRIOT
Robert Kraft has turned the New England Patriots into a football juggernaut. Now
all he has to do is save the NFL.
BY WILLIAM D. COHAN

FIRST

8 | BY THE NUMBERS
Container city.
BY BETH KOWITT

12 | CLOSER LOOK
Where Michael Dell is winning.
BY KATIE BENNER

15 | THE BRIEFING
Bambi vs. the American motorist, a kinder, gentler Goldman, and more.

16 | THE CHARTIST
Annals of toilet tissue: When less is ... less?
BY BETH KOWITT

18 | BRAINSTORM
Electricity storage窶把an it work?
BY BRIAN DUMAINE

20 | EDUCATION
How the documentary Waiting for "Superman" misses.
BY DAVID A. KAPLAN

25 | PURSUITS
The best new business hotels.
BY DIANE TEGMEYER AND SARA HENRICHS

TECH

29 | VISIONARIES
Developer and two-time space tourist Charles Simonyi has a far-out plan to change
the way software is made.
BY ADAM LASHINSKY

32 | PERSONAL TECH
A gizmo maker's logical move upmarket.
BY MICHAEL V. COPELAND

INVEST

35 | IS GOLDMAN A DINOSAUR?
Goldman Sachs claims it can still deliver big returns. But new post-crisis rules
mean it can't operate the way it used to. The surprise: There may be hope for
investors.
BY SHAWN TULLY

VENTURE

42 | BIOTECH PIONEERS
How two unlikely partners plan to unleash China's young pharma industry.
BY BILL POWELL

Opinion

47 | Want to get away with murder? Become a bank. If a bank screws up bigtime,
all it gets is a do-over.
BY ALLAN SLOAN

50 | It's the ultimate economic experiment: Europe's cutting vs. America's
spending. Who's right?
BY GEOFF COLVIN

6 | LETTERS

122 | BING!

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ON THE COVER

Photo illustration by Matt Mahurin