44 Hostess Is Bankrupt ... Again
Caught in a fight between labor and hedge funds, the baker may finally have reached its expiration date.
By David A. Kaplan

55 FORTUNE 500 SERIES
Can Alcoa Fight Off the Feds?
A four-year investigation of alleged kickbacks paid by an agent for the metals giant in Bahrain reveals the challenges of foreign corruption cases.
By James Bandler, with Doris Burke

58 The Death of Bob Diamond’s Dream
In the wake of the Libor scandal, the star investment banker and American CEO of Britain’s Barclays was forced to resign. His departure represents the end of an era for big banks.
By Shawn Tully

65 Fortune’s Fantasy Executive League
Our 2012 squad isn’t just a collection of all-stars. They’re also team players.

73 Health Care’s New Maverick
Steward Health Care System’s Ralph de la Torre is building a model for the future.
Interview by Geoff Colvin

8 FIRST
Closer Look
The Weber grill―made in America ... and sold in India.
BY RYAN BRADLEY

10 FIRST
The Briefing
Retail meets the iPad, the myth of bad gas, and more.

12 FIRST
Game Changers
Patagonia founder Yvon Chouinard argues that we should create products that last.
BY BRIAN DUMAINE

13 VENTURE
How I Got Started
Why Ron Shaich spun off Au Bon Pain to bet on Panera.
INTERVIEW
BY BETH KOWITT

16 VENTURE
David vs. Goliath
Meet three owners who created successful businesses from scratch.
BY ELAINE POFELDT

17 VENTURE
Fastest-Growing Companies
Illumina: The future of DNA.
BY RICHARD MCGILL MURPHY

23 VENTURE
Second Act
Bruce Lisman trades Wall Street for Main Street.
BY DANIEL ROBERTS

24 CAREER
Field Test
Leadership lessons at NASA’s mission control.
BY BETH KOWITT

27 TECH
Brainstorm Tech 2012
Where the Fortune 500 and disruptors collide.

32 TECH
Mobility@Work
Tablet- and smartphone-friendly workplaces.
BY MICHAL LEV-RAM

33 INVEST
Investor Interview
Finding growth in barren times.
BY AMY FELDMAN

35 INVEST
Wealth Adviser
An unlikely way to boost your yield―dividend-paying stocks in emerging markets.
BY JANICE REVELL

42 GAMES OF SKILL
When Words Collide
At the O. Henry Pun-Off World Championships, there are no sea urchins. Because with friends like these, who needs anemones?
BY DAVID WHITFORD

7 Editor’s Desk

76 Bing!
OPINION

37 Allan Sloan
My last word on the private equity political debate ... I hope!

38 Geoff Colvin
Business’s real problem: uncertainty, uncertainty, uncertainty.

40 Jack and Suzy Welch
Looking for a great No. 2? Watch Romney choose his VP.

41 Erin Burnett
Washington gets tough on Iran (sometimes).
CORRECTION

In ”The Rehab Roll-Up” (Game Changers, April 30), we incorrectly stated that Howard C. Samuels founded the Promises Malibu treatment center. It was founded by Richard Rogg. Fortune regrets the error.

+ fortune.com

EVERYTHING WE KNOW, THE MINUTE WE KNOW IT.

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