April 8, 2013 / Fortune Asia / Volume 167 / Number 5

38 YES WE CANNABIS
Galvanized by marijuana legalization in Colorado and Washington, these investors and entrepreneurs are pioneering a new industry.
BY ROGER PARLOFF

46 WHEN WALL STREET WEARS THE PANTS
Sears and J.C. Penney are two vastly different case studies of what happens when hedge fund guys control big retail chains. The results, however, are the same.
BY JENNIFER REINGOLD AND ALLAN SLOAN WITH DORIS BURKE

52 50 GREATEST BUSINESS RIVALRIES OF ALL TIME
These stories of no-holds-barred competition, contempt, and all-out conflict shaped the modern business world. Here’s what you can learn from them.

61 CAN TIME INC. MAKE IT ALONE?
The spinoff of Time Warner’s magazine business has a chance to succeed―if it’s not overloaded with debt.
BY SHAWN TULLY

6 FIRST
Closer Look
The bee business: The real money isn’t in honey, but in almonds.
BY RYAN BRADLEY

10 FIRST
Washington Watch
Sen. Claire McCaskill vs. the U.S. Chamber of Commerce.
BY TORY NEWMYER

12 FIRST
Face to Face
Facebook’s Sheryl Sandberg and AmEx CEO Ken Chenault on what Lean In means for men.
BY PATRICIA SELLERS

13 FIRST
Thought Leaders
A prescription for growth: foreign direct investment.
BY PETER BLAIR HENRY

14 FIRST
Great Workplaces
How CarMax cares.
BY ERIKA FRY

15 VENTURE
How I Got Started
Jim Koch, Samuel Adams’s beer revolutionary.
INTERVIEW BY DINAH ENG

19 VENTURE
Game Changers
SodaStream, the quirky firm behind the DIY soda trend.
BY MICHAL LEV-RAM

23 TECH
Apple’s Streaming-Music Problem
Google and others are launching subscription music services. Will iTunes jump in?
BY RYAN BRADLEY

26 TECH
Car+Tech
QNX’s software can get your car to think.
BY KURT WAGNER

27 TECH
Connected
California Lt. Gov. Gavin Newsom on how technology can make government better.
BY ADAM LASHINSKY

28 TECH
Tech@Work
A new tool to stop cybercrime.
BY MICHAL LEV-RAM

29 INVEST
Talking to a Bear at a Market Peak
FPA’s Steven Romick urges caution as the Dow continues to chalk up records.
BY KATIE BENNER

31 INVEST
Anatomy of a Trade
Will Nasgovitz of the Heartland Value Fund thinks shares of Spirit Airlines are ready for takeoff.
BY RYAN DEROUSSEAU

35 LEADERSHIP
Novartis’s Pathway to Business Longevity
CEO Joe Jimenez explains how the drugmaker innovates and finds new markets.

INTERVIEW BY GEOFF COLVIN
INSIGHTS

32
Geoff Colvin
America’s 400 richest: Not a club but a collective (really!).

33
John Cassidy
Meet the ”missing millions” who’ve vanished from the economy.

34
Becky Quick
Don’t call it a flip- flop. Companies can and should reverse bad calls.

5 Editor’s Desk

64 Bing!

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