March 21, 2011 Vol. 163 No. 4 / Fortune Asia / The WORLD'S MOST ADMIRED Companies

29 THE FUTURE OF BOWLING? IT GLITTERS.
A Dallas businessman plans a chain of luxury tenpins clubs窶敗tarting with the
one at his house.
BY PETER ELKIND

32 SEARCHING FOR PROFITS IN PATAGONIA
Warren Adams has an idea for land preservation that actually makes money. Now
he just has to prove it.
BY BRIAN DUMAINE

THE WORLD'S MOST ADMIRED COMPANIES
After the tumult of the recession, our annual survey finds a new world order.
BY GEOFF COLVIN

44 IBM'S SUPER SECOND ACT
CEO Sam Palmisano has restored Big Blue's focus on innovation.
BY JESSI HEMPEL

52 THE NEXT OIL COLOSSUS
Brazil's Petrobras is on track to eclipse Exxon.
BY BRIAN O'KEEFE

61 THE LIST OF INDUSTRY STARS

70 THE BALLAD OF RICHARD JAY CORMAN
This Kentucky railroad baron isn't a household name. But his story is one of
extraordinary success, generosity, grit, and sadness.
BY CAROL J. LOOMIS

10 | EDITOR'S DESK

80 | BING!

FIRST

11 | BY THE NUMBERS
The coming boom in joint replacements.
BY TARA MOORE

12 | THE CHARTIST
The price of an airline ticket: Where the money goes.
BY ANNE VANDERMEY

14 | CLOSER LOOK
Pakistan's richest man speaks.

INTERVIEW BY ISMAT SARAH MANGLA

TECH

17 | FUTURE IS NOW
Motion-sensing technology brings a wave of innovation.
BY MICHAL LEV-RAM

18 | CARS + TECH
The great online-radio race.
BY STEVE KNOPPER

19 | TECH@WORK
Can Nokia and Microsoft win in the workplace?
BY MICHAL LEV-RAM

INVEST

21 | INTERVIEW
Oakmark International's David Herro: Going against the grain to find value
globally.
BY SCOTT CENDROWSKI

24 | ANATOMY OF A TRADE
Pepsi stock provides Rob McIver of the Jensen Fund with the steady performance
he craves.
BY SCOTT CENDROWSKI

25 | INSIDE WALL STREET
Are bigger stock exchanges better?
BY CHRIS REDMAN

Opinion

26 | Don't blame turmoil in the Middle East for the world's oil woes.
BY MICHAEL ELLIOTT

28 | Why a conservative and a liberal governor are singing the same tune.
BY ALLAN SLOAN

+ FORTUNE.COM

Everything we know, the minute we know it.

ON THE COVER

Photograph by Jill Greenberg

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NINE PHOTOS