March 18, 2013 / Fortune Asia / Volume 167 / Number 4

22 INSIDE THE WORLD’S BIGGEST AIRLINE MERGER
Doug Parker was lauded for the merger of American Airlines and US Airways. But it was Tom Horton’s deals behind the scenes that clinched it.
BY SHAWN TULLY

27 THE WORLD’S MOST ADMIRED COMPANIES
After 30 years, our survey finds some reigning champs―and new favorites.
BY GEOFF COLVIN

THE LIST OF INDUSTRY STARS
The 50 All-Stars, and our annual ranking of corporate reputation by industry.

40 GUGGENHEIM IS FLEXING ITS $170 BILLION MUSCLES
It bought the L.A. Dodgers last year, and more deals are on the way. What is the secretive firm―and its client Michael Milken―up to?

46 BMW GETS PLUGGED IN
The company is making huge bets on green, wired cars for city dwellers.
BY ALEX TAYLOR III
BY SCOTT CENDROWSKI AND JAMES BANDLER

52 THE UNSEEN HAND THAT MOVES THE WORLD’S OIL
Vitol, the largest private petroleum trader, reports more revenue than Chevron or Toyota. Ever heard of it?
BY BRIAN O’KEEFE

60 THE EDUCATION OF PAPA JOHN
How America’s most famous pizza guy got schooled on the hazards of politics and media.
BY JAMES BANDLER WITH DORIS BURKE

6 FIRST
Closer Look
Toll Brothers pushes into New York City.
BY LEIGH GALLAGHER

9 FIRST
Road Warrior
Jaume Tàpies, of Relais & Châteaux.
BY RYAN BRADLEY

10 VENTURE
How We Got Started
Mel and Patricia Ziegler turned khaki into gold at Banana Republic.
BY DINAH ENG

13 PURSUITS
Up in the Trees
The latest trend in high-end travel? Tree-house villas.
BY JESSI HEMPEL

17 TECH
The Future Is Now
The Raspberry Pi, a $35 bare-bones PC, is a hit with tinkerers.
BY SHELLEY DUBOIS

18 TECH
Tech Star
David Fischer has turned Facebook’s nascent ad business into a $5 billion juggernaut.
BY MIGUEL HELFT

19 TECH
Car+Tech
Carmakers reboot the dashboard.
BY MATT VELLA

20 INVEST
Silicon Valley Meets Wall Street
New websites, some run by tech stars, are making it ever easier for regular investors to build portfolios at low cost.
BY ERIKA FRY

68 Bing!
+
fortune.com

EVERYTHING WE KNOW, THE MINUTE WE KNOW IT.

ON THE COVER Illustration by JESSE LENZ

[IMAGES]

TEN PHOTOS:

FOUR ILLUSTRATIONS:

© Time Inc.