Category: Leadership

Words We Never Thought We’d Hear: David Stern to Step Down

Words We Never Thought We’d Hear: David Stern to Step Down

During the NBA’s annual season tip-off conference call with the media on Thursday, David Stern just wouldn’t mention it. Stern, 70, had announced earlier in the day that he would step down as NBA...

Wal-Mart Heir Donates To Obama PAC, Defying Rest Of Billionaire Family

Wal-Mart Heir Donates To Obama PAC, Defying Rest Of Billionaire Family

Jim, Alice, and S. Robson Walton Is there a billionaire political battle brewing in the Walton family? Some might think so after the latest FEC filing for Priorities USA Action, a super PAC that...

Stocks Mauled As Major Misses From DuPont, UPS Overshadow Apple’s iPad Mini

Stocks Mauled As Major Misses From DuPont, UPS Overshadow Apple’s iPad Mini

We knew earnings growth would be hard to come by in the third quarter, but the difficult environment facing some of the world’s biggest companies seems to have been worse than feared judging from...

The next generation of pre-IPO financing?

The next generation of pre-IPO financing?

Buyout firms have a new strategy for reducing portfolio company debt. FORTUNE — I recently wrote about private equity’s golden hangover, or the glut of large-cap companies that remain in PE portfolios after being acquired...

San Francisco 49ers grab another exec from Facebook

San Francisco 49ers grab another exec from Facebook

Exclusive: Silicon Valley’s football team has made another big hire, taking its new CFO from the ranks of Zuckerberg’s nearby talent farm. By Daniel Roberts FORTUNE — On the heels of a breakthrough season...

Why Windows 8 sales will be slow

Why Windows 8 sales will be slow

Microsoft’s Windows 8 is a radical design break from Windows’ past. NEW YORK (CNNMoney) — For all of its radically redesigned features — and in part because of them — Microsoft’s Windows 8 won’t...

Is The SEC’s Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?

Is The SEC’s Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?

Enron. Qwest. Adelphia. Sunbeam. WorldCom.HealthSouth. A decade ago investors knew what those companies had in common: top executives who cooked the books. After their phony accounting was exposed, most went to jail–and hundreds of...

China Reports Slower 3Q Economic Growth, But Pickup May Follow

China Reports Slower 3Q Economic Growth, But Pickup May Follow

As expected, China’s third-quarter GDP growth came in lower than previous quarters, with a 7.4%yearly expansion. That puts the economy on track for its slowest annual growth rate in over a decade. Not the dreaded...

If Nokia Disappears, Don’t Blame CEO Steve Elop

If Nokia Disappears, Don’t Blame CEO Steve Elop

Stephen Elop: True believer. (Photo by  Chris Ratcliffe/Bloomberg) Stephen Elop does not appear to be interested in eating my brain. At least not yet. The Nokia CEO is on a couch at the company’s San Francisco p.r. firm, holding court...

Vikram Pandit Falls on His Sword. But Who Can Save Citigroup?

Vikram Pandit Falls on His Sword. But Who Can Save Citigroup?

When Vikram Pandit took over Citigroup in 2007, he was seen as an unlikely choice. In an industry dominated by white, glad-handing alpha males, Pandit is a bookish Indian immigrant known for his financial...