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February 24, 2014 / Fortune Asia / Volume 169 / Number 3

16 THE BILLION-DOLLAR BOURBON BOOM
How did American whiskey get so damn hot? The inside story.
By Clay Risen

24 50 Most Powerful Women: Global Edition
By pushing into new territories and inspiring women in their home countries, these globetrotters are taking on the world.
By Rupali Arora, Catherine Dunn, Beth Kowitt, Colleen Leahey, Patricia Sellers, and Anne VanderMey

30 Car Talk (And More!) With GM’s New Chief
Mary Barra opens up about GM’s future, her unconventional path to power, and, of course, what she’s driving now.
Interview by Patricia Sellers

34 Josh James: The Wildest, Craziest, Most Death-Defying (Mormon) Mogul on the Planet!
He’s already sold a company to Adobe for $1.8 billion, and he’s launching a new software operation. But his grandest creation isn’t his enterprises― it’s his big bad self.
By Jessi Hempel

40 ’But You Don’t Like to Read. Why Do You Want to Go to Harvard?’
The high-stakes, high-drama world of fraudulent international college applications.
By Erika Fry

48 Ralph Nader: The Fortune Interview
In a career spanning more than 50 years, Nader has become both beloved and despised, often by the same folks. But few doubt his iconic status as a ”public citizen” who has shaped the contemporary regulatory state.
Interview by David A. Kaplan

4 MACRO
Closer Look
A company calculates our use of oil, natural gas, water, and electricity and our production of garbage all as a single unit.
By Kirk Kardashian

7 MACRO
World’s Most Admired Companies
The Marriott hotel chain introduces boutiques, buys up Africa, and builds in Asia.
By Caroline Fairchild

8 VENTURE
How I Got Started
Jo Malone’s improbable journey from difficult origins to a global bath and beauty company.
Interview by Dinah Eng

11 TECH
On Trend
A prescient decision to enter the amateur-DJ market has Pioneer riding a (bass-heavy) wave.
By Clay Dillow

13 INVEST
Corporate Governance
Do proxy advisers hurt your returns? Evidence suggests that their input on voting may hinder more than help.
By Jen Wieczner

15 Allan Sloan
The new Fiat Chrysler faces a rougher road than most think.

CORRECTION
In the 100 Best Companies to Work For list (Feb. 3), we incorrectly stated that Edward Jones employs financial planners and tax accountants. The company provides only financial advisory services and does not give tax advice. Fortune regrets the error.

56 BING!
ON THE COVER PHOTOGRAPH BY MITCHELL FEINBERG
[IMAGES]
PHOTO: MITCHELL FEINBERGPROP STYLING: MOLLY FINDLAY―MAREK & ASSOCIATES
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34 Domo’s headquarters in American Fork, Utah―complete with a Smokey and the Bandit wall―reflects CEO Josh James’s rebellious style.
ART STREIBER

© Time Inc.

February 3, 2014 / Fortune Asia / Volume 169 / Number 2 / 100 BEST COMPANIES TO WORK FOR

43 THE 100 BEST COMPANIES TO WORK FOR
Fortune surveyed employees at hundreds of companies to find out what makes them happiest.

26 Chris Christie: Can Corporate America’s Candidate Get Out of This Jam?
The New Jersey governor was riding high as a moderate Republican who could win his party’s nomination in 2016. Then came a mysterious traffic jam and a whole mess of questions.
By Tory Newmyer

30 First Solar Rises Again
With backing from the heirs of Sam Walton and a tough CEO, the company has been reborn as a profit-making powerhouse.
By Adam Lashinsky

38 Norway’s Trillion-Dollar Oil Problem
Thanks to Norway’s petroleum riches, the country’s sovereign wealth fund is minting money. The challenge? How to spend it all. By Vivienne Walt

44 Yes, Goldman Sachs Really Is a Great Place to Work
The company has a reputation for long hours and intense competition, but scary-smart colleagues and sweet perks make the bank the ultimate career destination for the truly type A.
By Anne VanderMey

52 The 2014 List
Google tops Fortune’s 17th annual ranking of the best workplaces in corporate America. The big news: All 100 of the Best Companies are hiring.
By Milton Moskowitz and Robert Levering

4 MACRO
Closer Look
From the billionaire couple who made pomegranates popular comes the next supermarket superfruit: the mandarin. One problem―there’s competition.
By Anne VanderMey

7 MACRO
Urban Planning
Warren Buffett visits Quicken Loans chairman Dan Gilbert, who is investing heavily in downtown Detroit.
By Anne VanderMey

8 MACRO
Road Warrior
Travel tips and tales from Kenneth Feld, CEO of Feld Entertainment, producer of Ringling Bros. and Barnum & Bailey Circus.
By Catherine Dunn

10 VENTURE
How I Got Started
Hobie Alter, founding father of the surfing industry, followed his bliss to design surfboards and sailboats.
Interview by Dinah Eng

13 VENTURE
Verne Harnish
Domestic manufacturing can be profitable if you do it right.

14 TECH
Tech Transfer
The maker of Keurig machines emerges from the lab with top-secret tech to reinvent home beverages.
By Beth Kowitt

17 TECH
Tech Star
Eugene Kaspersky made billions crusading against cyber-evil. Now he’s living the high life.
By Vivienne Walt

18 TECH
The Fortune 500 Series
The best place to find a qualified job candidate? At PepsiCo, the answer is increasingly ”on the go.”
By Jennifer Alsever

20 INVEST
Interview
Morgan Stanley’s Dennis Lynch embraces volatility.
By Scott Medintz

22 INVEST

21st-Century Investing
Big-data companies are soaring. Despite high prices, it’s still possible to cash in.
By Lauren Silva Laughlin

23 INVEST
Wealth Adviser
European stocks are ready to rebound. Here’s how to make sure a rising dollar doesn’t erase your gains.
By Janice Revell

24 Allan Sloan
A word of caution for investors: Don’t be a slave to history.

25 Sheila Bair
When it comes to the new banking rules, more isn’t always better.

3 LETTERS

60 BING!

ON THE COVER PHOTOGRAPH BY SAM KAPLAN

[IMAGES]

PHOTO: SAM KAPLANSTYLING BY SARAH GUIDO

PHOTO:
14 Green Mountain, which makes the Keurig brewing machine, is reengineering its pods and building new appliances to expand beyond coffee.
SAM KAPLAN

© Time Inc.

January 13, 2014 / Fortune Asia / Volume 169 / Number 1 / THE FUTURE ISSUE

26 The New Koch
Koch Industries may be known as an oil company. But the vast private business empire run by billionaire brothers Charles and David Koch is expanding into vital industries like food, water, and personal technology.
By Christopher Leonard

35 The Future Issue

36 Everything Is Connected
Qualcomm, the company that brought you ubiquitous mobility, is now on a quest to connect all things to the Net.
By Michal Lev-Ram

42 Where Google Ventures Is Pinning Its Hopes
The search giant’s venture capital unit, no longer a Silicon Valley punch line, is shaking up the business.
By Miguel Helft

46 A Futurist Knows
In an interview about his career and the future of the movie industry, Robert Downey Jr. tells Fortune about the real-life discussions that have influenced his thinking about technology, business, and entertainment.
By Stephanie N. Mehta

48 Countdown to the Snapchat Revolution
The photo-sharing app is having a moment. Can it figure out a way to make money before the clock runs out?
By Jessi Hempel and Adam Lashinsky

54 The Fortune Crystal Ball
What will get the talking heads talking in 2014―the big deals, the inescapable trends, the newsmakers? Our well-studied predictions for the year ahead.

4 MACRO
Closer Look
Apparel company American Giant makes the most desired sweatshirt on the market. Demand brought an unexpected move: to source and manufacture it all in the U.S.
By Craig Giammona

6 MACRO
International
After relaxing its one-child policy, China braces for a wave of infants. Will it last?
By Scott Cendrowski

7 MACRO
Extraterrestrial
A company that first made outfits for zero gravity redesigns its gear.
By Catherine Dunn

8 MACRO
Hollywood’s Military Complex
The extraordinary savings behind a blockbuster partnership.
By Soo Youn

9 MACRO
Chartist
Dubai leads the Middle East’s rise as a hub for air travel.
Graphic by Nicolas Rapp

11 VENTURE
How I Got Started
Inspired by an unlikely episode, Dal LaMagna built Tweezerman from the bottom up.
Interview by Dinah Eng

14 VENTURE
Family Business
Kathleen Doyle is making a bid to turn her family auction house into a global player.
By Dinah Eng

15 INVEST
Emerging Markets
Why 2014 could be Mexico’s year.
By Jen Wieczner

17 INVEST
Wealth Adviser
Emerging-market bonds offer diversification and, thanks to a plunge in prices, generous yields.
By Janice Revell

18 INVEST
21st-Century Investing
Private equity firms are rolling out IPOs of their overhauled portfolio companies at a record rate. You should think twice before buying.
By Lauren Silva Laughlin

22 LUXURY
Gucci, Chanel, and ... Qeelin?
The fashion conglomerate Kering is betting that Chinese consumers will covet one of their own―a high-end Asian jewelry brand.
By Jennifer Reingold

3 EDITOR’S DESK

60 BING!

19 Allan Sloan
The Volcker Rule: a triumph of complexity over common sense.

20 Dan Primack
Venture capital will thrive even if tech IPOs don’t.

21 Nina Easton
Will allowing more foreign workers shrink the salary gap?
ON THE COVER PHOTOGRAPH BY NIGEL PARRY

[IMAGES]

PHOTO: NIGEL PARRYPRODUCTION DESIGN BY PETER GARGAGLIANO; STYLING BY JULIE WALDOF; GROOMING BY DAVY NEWKIRK AT TRACY MATTINGLY; BLAZER, SHIRT, TIE, AND PANTS FROM H. LORENZO, SUNSET PLAZA, LOS ANGELES

PHOTO:
7 At engineering firm ILC Dover, which is designing a space suit for NASA, 3-D-printed glove molds are custom-made for each astronaut.
CHRISTOPHER LEAMAN

© Time Inc.

December 23, 2013 / Fortune Asia / Volume 168 / Number 10 / SPECIAL ISSUE / Investor’s Guide 2014

33 2014 INVESTOR’S GUIDE

34 TOP PICKS FROM 20 STAR INVESTORS
A time-tested group of elite fund managers offer their best stock ideas for 2014.
BY JON BIRGER AND SCOTT MEDINTZ

Plus: Bill Gross on the outlook for bonds.

46 WHERE SHOULD YOU PUT YOUR MONEY NOW?
It’s getting harder to find undervalued assets, but our panel of market experts has plenty of smart ideas.

INTERVIEW BY GEOFF COLVIN

54 THE ICE MAN COMETH
Jeffrey Sprecher bought a commodities exchange for $1, built it into a powerhouse energy trader called ICE―aided by his wife and colleague, Kelly Loeffler―and took it public at a valuation of $1.4 billion. Now that he has acquired the New York Stock Exchange, can he stop its slide?
BY CAROL J. LOOMIS

62 THE TROUBLE AT BLOOMBERG
The company is still a profit machine, but its growth is slowing, and its reputation has been singed by questions about its journalistic independence. With an internal war raging between old and new factions, can it figure out what it wants to be?
BY PETER ELKIND

10 FIRST
Closer Look
Hammacher Schlemmer, the oldest catalogue in America, gets a remodeling.
BY RYAN BRADLEY

12 FIRST
Game Changers
Retailing is abuzz over Starbucks’ Venti push into supermarkets.
BY BETH KOWITT

14 FIRST
World’s Most Admired Companies
How BMW focused on its design and production to boost sales in China.
BY CRAIG GIAMMONA

15 VENTURE
How I Got Started
John Tu didn’t know much about storage when he started Kingston Technology. But he knew how to sell it.

INTERVIEW BY DINAH ENG

19 TECH
Rivalries
The threat of Apple’s next move looms large over streaming-media pioneer Roku. Not that it’s worried.
BY CHANELLE BESSETTE

22 TECH
Tech@Work
A dream team of Cisco veterans returns from retirement to take on the company’s biggest threat to date.
BY MICHAL LEV-RAM

30 TECH
Logistics
Can the tech industry find a way to make money with same-day delivery? The clock is ticking.
BY JP MANGALINDAN

8 Editor’s Desk

76 Bing!

INSIGHTS

31 Geoff Colvin

In a digital era does youth trump experience?

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Fortune.com

EVERYTHING WE KNOW, THE MINUTE WE KNOW IT.

ON THE COVER Photographs by DAN FORBES

[IMAGES]

PHOTO: DAN FORBESPROP STYLING: LINDA KEIL

PHOTO ILLUSTRATION:
62 Bloomberg has diversified, but the terminal is still the source of virtually all its profits.
PETER FUNCH

PHOTO:

© Time Inc

December 9, 2013 / Fortune Asia / Volume 168 / Number 9 / THE 2013 BUSINESS PERSON OF THE YEAR

41 THE 2013 BUSINESSPERSON OF THE YEAR

42 THE LIST: 2013’S TOP PEOPLE IN BUSINESS
Fortune’s annual list is filled with executives who defied expectations, executed big turnarounds, and delivered great results for their shareholders.
BY MARILYN ADAMO AND COLLEEN LEAHEY

48 THE SHARED GENIUS OF ELON MUSK AND STEVE JOBS
Yes, these two iconoclasts have disrupted multiple industries. But what Musk and Jobs really have in common is a rare form of design thinking powered by unfettered conviction.
BY CHRIS ANDERSON

59 THE BEST IN BUSINESS 2013
The top products, mergers, profits, movies, babies, buildings, takeovers, fads, sayings, and more.
BY CATHERINE DUNN, ERIKA FRY, AND ANNE VANDERMEY

66 TED TURNER AT 75
The media mogul and philanthropist talks to Fortune about religion, population, CNN, and the highs and lows of his extraordinary career.

INTERVIEW BY PATRICIA SELLERS

6 FIRST
Closer Look
An unusual real estate scramble inside Brazil’s shantytowns.
BY VIVIENNE WALT

8 FIRST
Wall Street
The SEC takes up a strange scandal in which the ”victims” seem to be benefiting.
BY STEPHEN GANDEL

9 FIRST
Sports
How the NFL will harness big data to improve football.
BY COLLEEN LEAHEY

10 FIRST
Mining
In Zambia, Chinese-owned businesses are drawing ire.
BY ALEXIS OKEOWO

12 FIRST
Chartist
A graphic profile of the tobacco trade.
BY NICOLAS RAPP AND RYAN BRADLEY

15 PURSUITS
Fortune’s 2013 Gift Guide
Twenty ways to make the people you love feel special this holiday season.
BY KATE FLAIM

20 VENTURE
How I Got Started
Wolfgang Puck changed how Americans look at restaurants.
INTERVIEW BY DINAH ENG

23 VENTURE
Verne Harnish
Four good ideas worth pursuing in 2014.

25 TECH
Mobility @ Work
With the startup Stripe, two Irish brothers are helping other web entrepreneurs get paid for their wares.
BY MIGUEL HELFT

28 TECH
Rail-Time Feedback
Can a train trip across the Irish countryside turn you into a VC darling?
BY VIVIENNE WALT

29 TECH
Connected
Brooks Running CEO Jim Weber on why his hot sneaker company is a perfect fit for Berkshire Hathaway.
INTERVIEW BY ADAM LASHINSKY

30 INVEST
Interview
Oppenheimer’s Justin Leverenz tells Fortune why he’s sticking with emerging markets.
BY SCOTT MEDINTZ

32 INVEST
Wealth Adviser
It may be time to bet on Brazil.
BY JANICE REVELL

72 Bing!
INSIGHTS

34 Allan Sloan
The biggest turkeys of 2013.

35 Nina Easton
How Twitter is driving change in Saudi Arabia.

36 Dan Primack
Rewarding failure at Harvard’s endowment.

37 Sheila Bair and Jutta Urpilainen
How Europe can avoid costly taxpayer bank bailouts.

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Fortune.com

EVERYTHING WE KNOW, THE MINUTE WE KNOW IT.

ON THE COVER Photograph by BENJAMIN LOWY

[IMAGES]

PHOTO:
15 Find Dandelion chocolate (pictured) and other items in our 2013 Gift Guide.
TOM SCHIERLITZ

PHOTO:
48 Elon Musk’s Tesla Motors is proving that cars can be green and sexy.
BENJAMIN LOWY

FOUR PHOTOS:

© Time Inc.

November 18, 2013 / U.S. Edition / Volume 168 / Number 8

90 CHINA GETS READY FOR TAKEOFF
Can a state-owned company that’s just five years old take on Boeing and Airbus? Comac, China’s aircraft maker, has exceedingly lofty ambitions.
BY SCOTT CENDROWSKI

106 REINVENTING FOOTBALL
Led by youthful owner Jed York and a team of Silicon Valley veterans, the San Francisco 49ers are bringing big data to the business of football and building a cutting-edge stadium in Santa Clara that will redefine the fan experience.
BY BRIAN O’KEEFE

117 THE BEST ADVICE I EVER GOT
Wisdom isn’t cultivated just over time, but through relationships. Fortune spotlights business partners, government leaders, heads of foundations, mentors, and others with a willingness to learn from one another.

136 THE BIG HANDOFF AT HEARST
Legendary CEO Frank Bennack Jr. remade the publishing company by pushing into new businesses (and grabbing a chunk of ESPN). Can successor Steven Swartz keep it going?
BY BETH KOWITT

146 THE FORTUNE INTERVIEW: LARRY SUMMERS
The controversial economist talks about markets, the two Presidents he has served, his years at Harvard, ”the power of careful thought,” and much more.
INTERVIEW BY DAVID A. KAPLAN

156 AN OUTSIDER IN THE FAMILY CASTLE
For six decades the Estée Lauder clan ruled in cosmetics. Then they realized they needed a different kind of leader to carry on the dynasty.
BY SHAWN TULLY

16 FIRST
Closer Look
High-tech medical devices for pets may help save humans.
BY RYAN BRADLEY

18 FIRST
Chartist
The Budweiser Clydesdales vs. Wells Fargo’s stagecoach horses.
BY DANIEL ROBERTS

18 FIRST
Off the Field
Billy Beane scores with NetSuite.
BY ADAM LASHINSKY

20 FIRST
Great Workplaces
Scottrade’s family-like workplace of ice cream socials and cook-offs.
BY CATHERINE DUNN

22 FIRST
Face to Face
Siblings build a Fair Trade tea empire.
BY CATHERINE DUNN

24 FIRST
World’s Most Admired Companies
St. Jude Medical returned to growth by promising innovative new products.
BY CRAIG GIAMMONA

26 FIRST
The New Metropolis
How Seattle cut municipal waste and saved money.
BY ERIKA FRY

29 VENTURE
How I Got Started
Marie Gray went from refugee to model to founder of dressmaker St. John.

INTERVIEW BY DINAH ENG

34 VENTURE
David vs. Goliath
Three small businesses show how a tiny player can rock a giant.
BY ELAINE POFELDT

37 VENTURE
Verne Harnish
The five most important business books of the past year.

39 TECH
Entrepreneurs
Iliad founder Xavier Niel wants to shake up France’s education system.
BY VIVIENNE WALT

44 TECH
Mobility@Work
Samsung is spending big to win over Silicon Valley.
BY MICHAL LEV-RAM

46 TECH
The Future Is Now
The Internet of things is coming to an appliance near you.
BY JESSI HEMPEL

49 TECH
The Fortune 500 Series
MetLife is using data and software to improve its business and change corporate culture.
BY JENNIFER ALSEVER

51 INVEST
Activism
ValueAct’s Jeffrey Ubben has some ideas for Microsoft.
BY STEPHEN GANDEL

54 INVEST
Face-Off
Alcoa: Buy or sell?

INTERVIEWS BY NIN-HAI TSENG

56 INVEST
Anatomy of a Trade
Why Anthony Lombardi of Delaware Value Fund is betting on Broadcom.
BY SCOTT MEDINTZ

59 INVEST
21st-Century Investing
What’s missing from Twitter’s IPO: profits.
BY LAUREN SILVA LAUGHLIN

64 INVEST
Wealth Adviser
Retailers are duking it out with aggressive discounting. Here’s how investors can survive.
BY JANICE REVELL

66 LEADERSHIP
Advice for Curing an Ailing Medical System
Mayo Clinic CEO John Noseworthy aims to make health care more efficient.

INTERVIEW BY GEOFF COLVIN

72 SMALL BIZ
Grow the Right Way
Three ways entrepreneurs can hone their strategy to land new business.
BY ELAINE POFELDT

8 Editor’s Desk

10 Letters

168 Bing!
INSIGHTS

81 Allan Sloan
Why we need leaders with some sense of shame.

82 Sheila Bair
We’re still on the hook for Fannie Mae and Freddie Mac. Let’s abolish them.

84 Nina Easton
A ”Buffett rule” GOP leaders should heed.

86 John Cassidy
The biggest threat to the U.S. economy? Washington dysfunction.

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Fortune.com

EVERYTHING WE KNOW, THE MINUTE WE KNOW IT.

ON THE COVER Photograph of clouds by GETTY IMAGES

[IMAGES]

PHOTO ILLUSTRATION: JUSTIN METZ

PHOTO:
117 Fortune asked powerful pairs to reveal their best advice.

FOUR PHOTOS:

© Time Inc.

October 28, 2013 / Fortune Asia / Volume 168 / Number 7

53 FORTUNE’S MOST POWERFUL WOMEN 2013
The definitive rankings of power and potential in the corporate world.

54 SHERYL SANDBERG: THE REAL STORY
A billionaire bestselling author, Facebook’s COO is one of the most powerful women on the planet. But what does she really do?
BY MIGUEL HELFT

63 THE 50 MOST POWERFUL WOMEN
Meet a group of executives who don’t sit still.
BY CATHERINE DUNN, BETH KOWITT, COLLEEN LEAHEY, AND ANNE VANDERMEY

69 QUESTIONS FOR SHONDA RHIMES
The creator and executive producer talks about her growing television empire.
BY COLLEEN LEAHEY

70 THE INTERNATIONAL POWER 50
The women on Fortune’s annual list are changing the face of global power.
BY RUPALI ARORA

72 TWITTER’S AMBASSADOR
As the social-networking service gets ready to go public, Katie Stanton takes stock of her career.
BY PATRICIA SELLERS

75 THE LAST GLASS CEILING?
Women remain woefully underrepresented on U.S. corporate boards. Here’s how to fix a persistent problem.
BY PATRICIA SELLERS

76 WENDY KOPP
The Teach for America entrepreneur is taking her education model abroad.
BY PATRICIA SELLERS

78 THE MYSTERIOUS LIFE AND DEATH OF INTRADE’S CEO
John Delaney tried to build a global betting market out of the ”wisdom of crowds.” Two years after his death, many who knew him well are wondering if they truly did.
BY BRIAN O’KEEFE

86 INTEL’S DO-OR-DIE DUO
Brian Krzanich and Renée James both wanted to be CEO of the chipmaker. Now they’ve teamed up to take on one of tech’s toughest tasks: getting Intel inside the smartphone.
BY MICHAL LEV-RAM

94 THE PROBOSCIS FILES
In which an Omaha plastic surgeon brings to justice those who would make illicit use of his nose-job photographs.
BY DAVID A. KAPLAN

100 SQUEEZING HEINZ
It’s been four months since Heinz sold itself to Warren Buffett and 3G. Now 3G is making radical cuts at the $11.6 billion ketchup titan. Will it work?
BY JENNIFER REINGOLD

108 OVITZ DOES SILICON VALLEY
Once upon a time, Michael Ovitz ruled Hollywood. Then he flamed out. Now he’s edging back onstage―as an adviser to tech companies.
BY DAVID A. KAPLAN

116 PAINFUL PRESCRIPTION
Pharmacy benefit managers became a $250 billion industry by promising to save companies millions. But critics say they make out better than their customers.
BY KATHERINE EBAN

122 UNCLE SAM’S RIVER
Eighty years after its founding, the Tennessee Valley Authority is once again in politicians’ cross hairs.
BY KEN OTTERBOURG

8 FIRST
Closer Look
A technology-focused food company shakes up online video.
BY PAUL ADAMS

10 FIRST
Retail
How Home Depot benefits from Burning Man.
BY CATHERINE DUNN

12 FIRST
Chartist
The media try to keep up in the Internet Age.
BY RYAN BRADLEY, NICOLAS RAPP, ANNE VANDERMEY, AND MARILYN ADAMO

14 FIRST
Game Changers
Tracy Gaudet’s overhaul of the Veterans Health Administration might transform health care.
BY BETH KOWITT

18 FIRST
Fastest-Growing Companies
Polaris, the top seller of ATVs, is taking on Harley.
BY CRAIG GIAMMONA

19 FIRST
Road Warrior
Steven Wong scours the globe to find the freshest seafood.
BY CATHERINE DUNN

20 FIRST
Face to Face
Steve Case and Ted Leonsis aim to build the East Coast’s biggest venture fund.
BY RYAN BRADLEY

21 PURSUITS
Travel
Experiential travel is one of the hottest trends in tourism, allowing you to step out among the fauna.
BY SCOTT GUMMER

25 VENTURE
How We Got Started
Eric Ryan and Adam Lowry’s Method helped create a new category: eco-friendly cleaning products.

INTERVIEW BY DINAH ENG

28 VENTURE
Verne Harnish
Time is running out on 2013. Here are five winning fourth-quarter plays.

29 TECH
Tech@Work
Lookout co-founder John Hering is making corporate mobile networks safer.
BY JP MANGALINDAN

32 TECH
Tech Star
Assembled Objects founder Adam Pritzker thinks he’s found the secret to marketing anything.
BY JESSI HEMPEL

34 TECH
The Fortune 500 Series
Caterpillar is building smarter backhoes, bulldozers, and excavators.
BY STEPHANIE N. MEHTA

36 INVEST
Interview
Legg Mason’s Bill Miller is rediscovering his winning touch.
BY JON BIRGER

38 INVEST
Anatomy of a Trade
Ira Rothberg of Hennessy Focus thinks Dick’s Sporting Goods can outpace its competition.
BY SHANNON GREEN

39 INVEST
21st-Century Investing
Regular folks can now invest in funds long limited to the elite.
BY LAUREN SILVA LAUGHLIN

40 INVEST
Wealth Adviser
How to cash in on stock buybacks.
BY JANICE REVELL

46 REAL ESTATE
Moving East to California
A shuttered air base is redeveloped with immigrants from Asia in mind.
BY ADAM LASHINSKY

7 Editor’s Desk

132 Bing!

INSIGHTS

41 Geoff Colvin
Ignore these leadership lessons at your peril.

42 Allan Sloan
Why J.P. Morgan’s current woes may be the least of its problems.

43 Becky Quick
How I got schooled on college savings plans.

44 Dan Primack
We’re all investors, but we’re no angels.

45 Nina Easton
Keystone XL and the dark side of green.

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Fortune.com

EVERYTHING WE KNOW, THE MINUTE WE KNOW IT.

ON THE COVER Photograph by MICHELE ASSELIN

[IMAGES]

PHOTO: YASU & JUNKO

PHOTO:
100 Private equity firm 3G is making deep cuts at Heinz.
ADAM LEVEY

FIVE PHOTOS:

© Time Inc.

October 7, 2013 / Fortune Asia / Volume 168 / Number 6 / 40 UNDER 40

34 IBM’S MASSIVE BET ON WATSON
You know it as the supercomputer that beat the brainiacs on Jeopardy. Now CEO Virginia Rometty says it represents the future of IBM―and computing.
BY JESSI HEMPEL

41 FORTUNE’S 40 UNDER 40
Meet the most important young iconoclasts, risk-takers, and rule-breakers in business.

42 HE’LL DO IT ... HIS WAY
How Yelp’s CEO is succeeding―despite ignoring the advice of some very high-profile mentors.
BY DANIEL ROBERTS

48 HEY, TAXI COMPANY, YOU TALKING TO ME?
The founder of Uber is Silicon Valley’s rebel-hero, fighting the evils imposed by the taxi lobby as he grows his ride-service app into something much bigger. He just might have the audacity to pull it off.
BY JESSI HEMPEL

55 THE LIST
The 40 Under 40 are rocking areas as diverse as air travel, natural gas, genetic coding, and government.

72 THE LITTLE LOUISIANA PENSION FUND LITIGATION MONSTER
The wild tale of a police retirement fund that loves to sue corporate America.
BY ERIKA FRY

8 FIRST
Closer Look
Inside the U.S. repository of livestock sperm.
BY ANNE VANDERMEY

10 FIRST
Retail
J. Crew’s CEO joins Warby Parker’s board.
BY BETH KOWITT

10 FIRST
Q&A
Chris Malone, author of The Human Brand.

12 First
Face to Face
Warren Buffett’s grandson and grandnephew rethink how to teach giving.
BY BETH KOWITT

13 VENTURE
Great Workplaces
Etsy keeps its Brooklyn employees happy with hipster sustainability.
BY JESSI HEMPEL

15 VENTURE
Best Companies to Work For
Fortune’s 50 Best Small and Medium-Size Companies to Work For.
BY CHRISTOPHER TKACZYK

18 VENTURE
Fastest-Growing Companies
Top silver miner Pan American Silver.
BY CRAIG GIAMMONA

19 VENTURE
Road Warrior
Scouting new locations with Kent Taylor, CEO of Texas Roadhouse.
BY RYAN BRADLEY

20 TECH
Tech Star
Jack Dorsey talks to Fortune about Twitter, Square, and his beloved hometown, St. Louis.
BY MICHAL LEV-RAM

23 TECH
Startups
Anki aims to make robots mainstream.
BY JP MANGALINDAN

25 TECH
The Fortune 500 Series
Hotel company Starwood hopes to use software to unlock new business.
BY CATHERINE DUNN

26 INVEST
Interview
Is the epic boom in commodities over? Not according to investor Jim Rogers.
BY BRIAN O’KEEFE

28 INVEST
Comebacks
Shares of U.S. carmakers are racing ahead. Can they keep up the pace?
BY KATIE BENNER

29 LEADERSHIP
Housing Is Back―and So Is Home Depot
CEO Frank Blake explains his strategy for rebuilding the home-improvement retailer.
INTERVIEW BY GEOFF COLVIN

80 Bing!
INSIGHTS

32 Sheila Bair
Interest rates are rising. Can the economy handle the shock?

33 Allan Sloan
Investors might regret taking a bite of Verizon’s big bond deal.
ON THE COVER Photograph of Jack Dorsey by ART STREIBER

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EVERYTHING WE KNOW, THE MINUTE WE KNOW IT.

[IMAGES]

PHOTO: ON THIS PAGE Photograph by HUGH KRETSCHMER

PHOTO: DORSEY: AUGUST IMAGES

PHOTO:
41 Meet the remarkable young stars of business in Fortune’s 40 Under 40.
LUKE SHUMAN

© Time Inc.

September 16, 2013 / Fortune Asia / Volume 168 / Number 5

34 THE MAN BEHIND THE LARGEST REAL ESTATE PROJECT IN U.S. HISTORY
With the $20 billion Hudson Yards development, billionaire developer Stephen Ross is set to reinvent a huge swath of New York City.
BY SHAWN TULLY

58 AFTER THE FALL
Five years after the collapse of Lehman Brothers, life seems mostly back to normal―one reason some fear an economic catastrophe could happen again.
BY KATIE BENNER, SCOTT CENDROWSKI, AND MARTY JONES

FORTUNE’S 100 FASTEST-GROWING COMPANIES

43 THE 2013 LIST
Anyone doubting we live in a new golden age of oil and gas need look no further than this year’s rising companies.
BY L. MICHAEL CACACE, DOUGLAS G. ELAM, CRAIG GIAMMONA, SHANNON GREEN, AND KATHLEEN SMYTH
Plus:

65 ARE WE READY FOR THE NEXT MELTDOWN?
BY ALLAN SLOAN

68 JACK LEW: THE KNOWN UNKNOWN AT THE TREASURY
BY TORY NEWMYER

52 LULULEMON: IN AN UNCOMFORTABLE POSITION
High-profile missteps (see-through yoga pants!) at the quirky apparel maker, coupled with dysfunction in the corner office, threaten to derail an amazing run.
BY BETH KOWITT AND COLLEEN LEAHEY

8 FIRST
Closer Look
In Vegas, Caesars is building the world’s largest Ferris wheel.
BY RYAN BRADLEY

12 FIRST
Marketing
Teaching storytelling to corporate America.
BY KIT DILLON

14 FIRST
Game Changers
American Peter Tufano wants to turn Oxford’s business school into a world-class institution.
BY ANNE VANDERMEY

16 PURSUITS
Road Trips
Re-creating the epic journey of the 1920s racecar drivers known as the Bentley Boys.
BY SUE CALLAWAY

22 VENTURE
How We Got Started
Margrit and Marcel Schurman of card company Papyrus.

INTERVIEW BY DINAH ENG

25 TECH
The Future Is Now
New devices that let you unlock the front door with a smartphone.
BY JP MANGALINDAN

26 TECH
Tech Star
Marketing whiz Satjiv Chahil launches his own consulting firm.
BY KEVIN KELLEHER

28 TECH
Connected
How Check Point CEO Gil Shwed keeps online bad guys at bay.
BY ADAM LASHINSKY

29 INVEST
Interview
Invesco’s Tom Bastian explains why buying low-priced stocks is the best way for investors to protect themselves.
INTERVIEW BY AMY FELDMAN

32 INVEST
New Energy
Israel has its first major energy source―and an American company to thank for it.
BY SARAH A. TOPOL

6 Editor’s Desk

72 Bing!

CORRECTIONS: ”(Brew)master of the Universe” (Sept. 2) said Budweiser was unseated as America’s top beer in 2008; it was 2001. When Carlos Brito was made zone president of North America, he moved to Toronto, not New York. Pete Kraemer’s father was a chief brewmaster for 22 years, not 27. The Piedras Negras brewery in Mexico produces 60% of Modelo’s U.S. volume, not total volume. Fortune regrets the errors.

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ON THE COVER Illustration by PATRICK VALE

[IMAGES]

PHOTO:
Twenty-four of this year’s 100 Fastest-Growing Companies operate within the oil and gas industry.
SPENCER HIGGINS

FOUR PHOTOS:

© Time Inc.

September 2, 2013 / Fortune Asia / Volume 168 / Number 4

34 THE GRAY ART OF NOT QUITE INSIDER TRADING
Scores of arrests and the indictment of SAC Capital have Wall Street spooked. But what’s the crime exactly? The SEC and the Supreme Court disagree. So nobody’s sure―and that’s how regulators like it.
BY ROGER PARLOFF

43 FORTUNE’S FANTASY EXECUTIVE LEAGUE
THE STARTING LINEUP
Our 2013 squad brings digital skills, financial smarts, and global perspective.
BY GEOFF COLVIN, CRAIG GIAMMONA, DAVID A. KAPLAN, MICHAL LEV-RAM, STEPHANIE N. MEHTA, DANIEL ROBERTS, AND ANNE VANDERMEY

(BREW) MASTER OF THE UNIVERSE

46 CEO Carlos Brito plans to keep Anheuser-Busch InBev, the world’s largest beermaker, on top.
BY DANIEL ROBERTS

52 THE REDEMPTION OF CHARLES PHILLIPS
How the CEO of Infor is reinventing his company―and himself.
BY MICHAL LEV-RAM

58 QATAR TAKES OVER THE WORLD
Fueled by vast energy riches and run by an ambitious group of young leaders, the tiny Arab nation is investing its wealth around the globe.
BY VIVIENNE WALT

8 FIRST
Closer Look
Wall Street gets into the flood-prevention business.
BY RYAN BRADLEY

10 FIRST
Briefing
Could a supercomputer beat cancer?
BY BRIAN DUMAINE

10 FIRST
Word Check
The meaning of ”wasa.”

11 FIRST
Education
How Aramark is silently taking over student dining.
BY LAUREN SILVA LAUGHLIN

12 FIRST
Good Advice
Warren Buffett’s billion-dollar memo to the Washington Post Co.
BY STEPHEN GANDEL

13 FIRST
Face to Face
The world’s largest architecture and design firm features three CEOs.
BY RYAN BRADLEY

14 FIRST
New Energy
With a wave of new models in the pipeline, automakers are betting that the hydrogen car’s time has finally come.
BY BRIAN DUMAINE

16 VENTURE
How I Got Started
Patrick Leon Esquerré’s La Madeleine married American convenience to French food and took off in the South.

INTERVIEW BY DINAH ENG

21 TECH
Brainstorm Tech 2013
Smart takes from Fortune’s conference with the brightest minds in tech.

28 INVEST

Markets
Lending Club is backed by Google and could be the next hot IPO. Here’s why it might make sense for you.
BY JESSI HEMPEL

30 INVEST
Face-Off
Will the return of its former CEO lift J.C. Penney’s shares?

6 Editor’s Desk

64 Bing!

INSIGHTS

31 Allan Sloan

Obama introduces a new game: fake bipartisanship.

32 John Cassidy

A cautiously optimistic take on our bipolar economy.

33 Becky Quick

A snack maker’s unsavory business practices.

CORRECTIONS: ”Europe’s New Iron Lady” (Aug. 12) incorrectly described the Chancellery building as being near the Rhine; it is on the Spree River in Berlin. And an umlaut was incorrectly placed in former chancellor Helmut Kohl’s last name. In Editor’s Desk (Aug. 12), we failed to credit the photograph. The photographer is Rebecca Greenfield. Fortune regrets the errors.

ON THE COVER Photograph by GEOF KERN

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[IMAGES]

EIGHT PHOTOS:


TWO ILLUSTRATIONS:


© Time Inc.

July 22, 2013 / Fortune Asia / Volume 168 / Number 2 / The Global 500

BRAINSTORM TECH

48 TWO TAKES ON THE FUTURE OF APPLE
Is Apple poised for a rebound, or are its best days a thing of the past? Our writer argues both sides.
BY ADAM LASHINSKY

60 THE NEW NEWS BUSINESS
Fighting the digital disrupters hasn’t worked. Can purveyors of serious journalism find a way to join them?
BY JOHN HUEY, MARTIN NISENHOLTZ, AND PAUL SAGAN

64 THE CEO WHO CAUGHT THE CHINESE SPIES RED-HANDED
Kevin Mandia revealed that the People’s Liberation Army has systematically hacked U.S. companies. Here is the exclusive inside look at why he did it―and how he’s dealing with the explosive fallout.
BY NINA EASTON

74 WHY I PAINT
Sequoia Capital’s chairman on what it’s like to discover a sublime pastime in middle age.
BY MICHAEL MORITZ

GLOBAL 500

80 FIAT’S FRESH FACE
As the CEO of Exor, John Elkann is restoring Fiat, acquiring Chrysler, and driving Italy’s famous Agnelli dynasty in a new direction.
BY DAVID WHITFORD

91 THE LISTS
F-1 The World’s Largest Corporations
F-11 Arrivals and Departures
F-12 Notes
F-13 How the Companies Stack Up
F-15 Ranked Within Countries
F-21 Index

10 FIRST
Closer Look
Adobe attempts to give the stylus a second life.
BY MICHAL LEV-RAM

12 FIRST
Face to Face
The duo who created Angie’s List.
BY MIGUEL HELFT

12 FIRST
Books
A new book about the war on cancer from Fortune’s Clifton Leaf.
BY RYAN BRADLEY

15 FIRST
Fortune Global Forum
At Fortune’s international summit, leaders from 32 countries shared their views on growth and innovation.

16 INVEST
The Party Could Be Over for Stocks
The bull market was fun while it lasted. But a shift in policy by Fed chairman Ben Bernanke will change everything.
BY SHAWN TULLY

20 INVEST
Wealth Adviser
The right options strategy can offer investors a relatively cheap and easy way to protect themselves from a market plunge.
BY JANICE REVELL

116 Bing!
INSIGHTS

22 Allan Sloan
Uncle Sam ahead on the $17 billion Ally bailout? Who’da thunk it?

24 Becky Quick
My love-hate relationship with airlines (I love to hate ’em).

26 Sheila Bair
A bold plan for rebuilding our roads and bridges.

CORRECTIONS: The sidebars in ”How to Invest at Every Stage”(July 1) did not appear in some editions. They are available as ”Five Great Stocks for the Long Haul” at fortune.com/longtermstocks and in the digital tablet editions. ”The Rebirth of Fannie & Freddie” (July 1) stated incorrectly that Fannie Mae reported $58.7 billion in net income in the first quarter of 2012; it was the first quarter of 2013.

ON THE COVER

Photograph by MITCHELL FEINBERG Styling by MEGAN CAPONETTO

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Everything we know, the minute we know it.

[IMAGES]

PHOTO: JAMIE CHUNG

FIVE PHOTOS:

TWO ILLUSTRATIONS:

© Time Inc.

July 1, 2013 / Fortune Asia / Volume 168 / Number 1

36 LINKEDIN: HOW IT’S CHANGING BUSINESS (AND HOW TO MAKE IT WORK FOR YOU)
Once considered a nerdy repository for digital résumés, the service is becoming an indispensable social-networking tool.
BY JESSI HEMPEL

44 HOW TO INVEST AT EVERY STAGE
There’s more to managing your money at different points in your life and career than simply increasing your bond allocation as you age. Here are six targeted techniques to help you take control of your financial future.
BY JANICE REVELL

PLUS: Five great stocks to buy at any age.

WEALTH ADVISER

A RISKY TAX TACTIC

51 Moving your residency to a low-tax-rate state can save you money. But if you don’t do it right, the downside could be dire.
BY JANICE REVELL

52 THE REBIRTH OF FANNIE & FREDDIE
The government pledged to phase out Fannie Mae and Freddie Mac, but now the mortgage giants are back with record profits and a virtual monopoly on home financing. What went wrong, and what should be done to bring private capital back to housing.
BY SHAWN TULLY

58 INTRODUCING: THE KID VC
Alex Banayan has befriended dozens of CEOs and turned down a TV show about his life, and is writing a book of business advice. Did we mention he’s just 20 years old?
BY SCOTT CENDROWSKI

28 Velcro Just Wants Some Closure
Velcro Industries is trying to build a brand. That means convincing consumers that not all fasteners are created equal.
BY BETH KOWITT

32 The Deal He Couldn’t Close
Eric Gleacher was a legendary dealmaker― but he wasn’t able to persuade his own board to sell his firm and save it.
BY SCOTT CENDROWSKI

8 FIRST
Closer Look
Can Chinese manufacturer Sany Heavy Industry make it in America?
BY NIN-HAI TSENG

10 FIRST
Chartist
St. Regis Museum Tower: a high-rise of power players.
BY KURT WAGNER

12 First
Fastest-Growing Companies
Under Armour pulls a range of big-name athletes into its orbit.
BY KURT WAGNER

14 VENTURE
The Confections of Jeff Rubin
It’Sugar finds sweet success with candy’s illicit allure.
BY RYAN BRADLEY

16 VENTURE
Social Enterprise
Rwanda’s coffee beans are bolstering its economy.
BY ANNE VANDERMEY

18 VENTURE
Verne Harnish
Five steps to find (and keep) young stars.

19 VENTURE
Trailblazers
InfoArmor CEO Drew Smith.
BY DINAH ENG

20 TECH
Tech Star
Lars Dalgaard sold SuccessFactors for $3.4 billion. Then his son was diagnosed with leukemia.
BY MICHAL LEV-RAM

23 TECH
Connected
Martin Koffel, CEO of URS, runs a vast infrastructure business, from high-speed rail to nuclear power.
BY ADAM LASHINSKY

24 TECH
Car+Tech
Today’s cars have more in common with tablets and smartphones than meets the eye.
BY MATT VELLA

6 Editor’s Desk

64 Bing!

INSIGHTS

25 Geoff Colvin
Can Indra Nooyi keep investors sweet on Pepsi?

26 John Cassidy
Just because tax avoidance is legal doesn’t mean it is right.

27 Nina Easton
Did Congress miss the moment on serious plans for U.S. workers?

CORRECTIONS
”The Next Oil Boom” (May 20) misidentified Incheon Airport as being in Singapore; it is in South Korea. ”What’s Driving One of China’s Richest Men?” (June 10) misidentified Deng Xiaoping as China’s Premier. ”A Different Kind of Incubator” (June 10) misidentified Gabriel Baldinucci as SU Lab’s VP of strategy; he is its executive director. The school’s inaugural program was in 2009, not 2011, and Coca-Cola has not signed on to the program but is currently in talks to do so.

ON THE COVER Photograph by MITCHELL FEINBERG

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[IMAGES]

TEN PHOTOS:

© Time Inc.

June 10, 2013 / Fortune Asia / Volume 167 / Number 8

39 SPECIAL REPORT: THE NEW CHINA
A NATION ON THE MOVE
China makes big investments in roads, railways, and other infrastructure.
BY ANNE VANDERMEY

CAN LENOVO DO IT?
46 CEO Yuanqing Yang is trying to build a global brand―and outmaneuver Apple and Samsung.
BY MIGUEL HELFT

WHAT’S DRIVING ONE OF CHINA’S RICHEST MEN?
56 Wanda Group founder Wang Jianlin wants to build a global real estate and entertainment empire.
BY DAVID WHITFORD

66 UNILEVER’S CEO HAS A GREEN THUMB
Paul Polman embraces sustainability, and the consumer-products colossus grows like crazy.
BY MARC GUNTHER

72 AMAZON’S (NOT SO SECRET) WAR ON TAXES
The retail giant has waged a lengthy campaign against state sales taxes on Internet purchases―which Congress finally seems poised to mandate. But even when Amazon loses, it wins.
BY PETER ELKIND, WITH DORIS BURKE

14 FIRST
Closer Look
Can outsourcing be improved? Lessons after the Bangladesh collapse.
BY SCOTT CENDROWSKI

17 VENTURE
How I Got Started
Barbara Corcoran’s dramatic climb to success and prominence.

INTERVIEW BY DINAH ENG

20 VENTURE
Trailblazers
Celergo co-founder and CEO Michele Honomichl makes sure paydays around the world go off without a hitch.
BY DINAH ENG

21 VENTURE
David vs. Goliath
Three dynamic entrepreneurs go toe to toe with vastly bigger competitors.
BY ELAINE POFELDT

22 VENTURE
Fastest-Growing Companies
Steve Madden and his company stay true to the sole.
BY KURT WAGNER

24 PURSUITS
Road Warrior
Jason Browning, tour manager for rock stars, hunts down bargains.
BY OMAR AKHTAR

28 TECH
The Future Is Now
Palmer Luckey, the 20-year-old creator of Oculus Rift, wants to give virtual reality a second life.
BY JP MANGALINDAN

29 TECH
Startups
SU Labs’ startups aim to fix the world’s biggest problems.
BY TED GREENWALD

30 TECH
Tech@Work
Firms are increasingly turning to cybercrime forensics experts like Stroz Friedberg.
BY MICHAL LEV-RAM

32 TECH
Tech Star
Why your teen loves Wanelo.
BY COLLEEN LEAHEY

34 INVEST
Stocks
Small, fast-growing economies are the next big thing.
BY SCOTT CENDROWSKI

12 Editor’s Desk

84 Bing!

INSIGHTS

36 Allan Sloan
I hate to say it, but what this country needs is another financial crisis.

37 Nina Easton
Why the march on genetically modified food hurts the hungry.

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EVERYTHING WE KNOW, THE MINUTE WE KNOW IT.

ON THE COVER Illustration by MARIAN BANTJES

[IMAGES]

SEVEN PHOTOS:

FIVE ILLUSTRATIONS:

© Time Inc.

May 20, 2013 / Fortune Asia / Volume 167 / Number 7 / FORTUNE 500

FORTUNE 500
54 WHAT IT’S LIKE TO DROWN IN CASH
Apple has finally taken steps to distribute its unprecedented hoard, but will that be enough to revive its stock?
BY CAROL J. LOOMIS

62 CITIGROUP’S NEW CEO IS A BANKER. IMAGINE THAT.
Unlike his predecessors, Michael Corbat has spent 30 years working in banking operations. Could that be just what Citi needs?
BY JENNIFER REINGOLD WITH DORIS BURKE

68 CAN UNITEDHEALTH REALLY FIX THE SYSTEM?
CEO Stephen Hemsley has a data-driven plan to lead a health care revolution.
BY SHAWN TULLY

76 LOCKHEED’S SECRET WEAPON
Marillyn Hewson, operations whiz, is suited to lead Lockheed in uncertain times.
BY BETH KOWITT

82 THE NEXT OIL BOOM
Energy giants are flocking to Kurdistan, but their presence is provoking tensions with Baghdad.
BY VIVIENNE WALT

91 INSIDE THE BOARDROOM: THE PARTY IS OVER!
Being on a corporate board isn’t the cushy gig it used to be. The hours are long and the scrutiny is intense. So why are executives lining up for a seat at the table?
BY GEOFF COLVIN

96 THE DIRECTORS
Our annual portfolio of the people behind some of the biggest and most important organizations in America.
PHOTOGRAPHS BY GREGG SEGAL PRODUCED BY ALIX COLOW REPORTING BY COLLEEN LEAHEY

109 A YEAR OF FRENZIED ACTIVITY
Flush with profits, America’s biggest companies put their money to work in 2012, fueling a surge in M&A.
BY SHAWN TULLY

F-1 THE 500 LARGEST U.S. CORPORATIONS

F-27 EXPLANATIONS AND NOTES

F-28 INDEX

41 THOUGHT LEADERS
Warren Buffett
The Berkshire Hathaway chairman explains why he’s bullish on women.

44 LEADERSHIP
Whole Foods’ Other CEO on Organic Growth
Co-chief Walter Robb aims to empower employees.

INTERVIEW BY GEOFF COLVIN

48 Shaq Inq.
Shaquille O’Neal wants to be a business superstar.
BY DAVID A. KAPLAN

8 FIRST
Closer Look
Inside Corning, where glass is pushed to its limits.
BY RYAN BRADLEY

10 FIRST
International
The threat from economies at the bottom.
BY RICHARD HAASS

12 FIRST
Chartist
Notable declines on the Fortune 500 through the years.

14 FIRST
Retail
Starbucks redesigns its cafés.
BY BETH KOWITT

16 FIRST
Brainstorm
A new kind of truck stop in America.
BY BRIAN DUMAINE

19 FIRST
World’s Most Admired Companies
GE gets back to basics.
BY ERIKA FRY

21 FIRST
New Energy
First Solar sees brighter days ahead.
BY BRIAN DUMAINE

23 PURSUITS
The Best New Business Hotels
The most buzzed-about hotspots.
BY ALEXANDRA KIRKMAN

27 TECH
Startups
The CIA’s investment arm partners with Silicon Valley.
BY HELEN COSTER

29 TECH
Car+Tech
Cars are becoming connected devices.
BY SETH FLETCHER

30 TECH
Fastest-Growing Companies
Baidu, China’s biggest search engine.
BY KURT WAGNER

31 TECH
Software
How Linux conquered the Fortune 500.
BY ROGER PARLOFF

32 INVEST
Profitmakers
Economic Value Added shows which companies are able to turn capital into true profits.
BY SCOTT CENDROWSKI

34 INVEST
Anatomy of a Trade
Loomis Sayles’s Warren Koontz on Lowe’s.
BY RYAN DEROUSSEAU

35 INVEST
Wealth Adviser
When picking stocks, bet on pricing power.
BY JANICE REVELL

6 Editor’s Desk
144 Bing!

INSIGHTS

38 Allan Sloan
Obama has a sweet retirement package. Will you?

39 Dan Primack
Where is Calpers’s governance when you need it?

40 John Cassidy
Abenomics: Good for Japan (and for us too).

CORRECTIONS

”The Hottest VCs Since Andreessen” (April 29) misstated the investment types that Formation 8 will avoid. While it plans to stay away from alternative-energy-production investments, it expects to invest in other energy-related companies. ”The Second Coming of Facebook” (April 29) implied that Facebook’s deals with international phone companies are tied to the distribution of its forthcoming Home software. The relationship with carriers is not strictly related to Home.

ON THE COVER AND THIS PAGE

Photograph by MITCHELL FEINBERG; styling by MEGAN CAPONETTO

[IMAGES]

PHOTO: MITCHELL FEINBERG; styling by MEGAN CAPONETTO

PHOTO: BUFFETT: COURTESY OF WARREN BUFFETT

SEVEN PHOTOS:

ILLUSTRATION:

© Time Inc