INSIDE FORTUNE: AIG's Risky Business; The $55 Trillion Time Bomb; FORTUNE's Most Powerful Women
Highlights of the October 13, 2008 Issue of FORTUNE
Available on newsstands Monday, October 6, full stories are available at www.FORTUNE.com.
BAILING OUT AMERICA
MAIN STREET TURNS AGAINST WALL STREET
A populist backlash is changing America's political climate. Inflamed by the financial crisis and bailouts, a form of class warfare could haunt business leaders for years to come. Washington hath no fury like Middle America scorned — and FORTUNE's Nina Easton details why there's reason to think it will only get uglier.
PLUS: Mapping the regulatory landscape.
http://money.cnn.com/2008/09/26/news/economy/easton_backlash.fortune/index.htm?postversion=2008092811
MEANWHILE, DOWN IN CHARLOTTE...
Bank of America's deal to buy Merrill Lynch for $50 billion sets the template for the future of finance. Sure, rival institutions — notably J.P. Morgan Chase and Citigroup — combine investment and consumer banking. But the Bank of America/Merrill union creates a colossus of unprecedented size and scope. FORTUNE's Shawn Tully visits with Bank of America CEO Ken Lewis, the new most powerful man in finance.
PLUS: Allan Sloane on the Beltway medicine men.
http://money.cnn.com/2008/09/28/news/companies/tully_lewis.fortune/index.htm?postversion=2008092908
AIG'S RISKY BUSINESS
Maurice "Hank" Greenberg made AIG as indispensable company. When the board forced him out, he began a furious campaign to reclaim his good name. But no one foresaw how strange the last chapter of this tale would be. FORTUNE's James Bandler, with Roddy Boyd and Doris Burke, detail Hank's last stand.
http://money.cnn.com/2008/09/26/magazines/fortune/bandler_greenberg.fortune/index.htm?postversion=2008092820
THE $55 TRILLION TIME BOMB
The financial crisis has put a spotlight on the obscure world of credit default swaps — which trade in a vast, unregulated market that most people haven't heard of and even fewer understand. Will this be the next disaster? FORTUNE's Nicholas Varchaver and Katie Benner address the $55 trillion question.
"I WAS LUCKY TO GET OUT"
Losing a job? Bad news. Losing a job at an investment bank a couple of months from extinction? Maybe just another lucky break for Erin Callan. Lehman Brothers' high-profile ex-CFO spoke to FORTUNE's Katie Benner in her first interview since leaving the firm.
FORTUNE'S MOST POWERFUL WOMEN
THE NEW VALLEY GIRLS
The tech world has a new inner circle. They're young, they're global, they have power marriages and little kids. And unlike their predecessors, these next-generation women aren't interested in diligently climbing any corporate ladder. They're relying on a unique social network to get ahead. FORTUNE's Patricia Sellers details the new valley girls.
THE 2008 LIST OF FORTUNE'S MOST POWERFUL WOMEN
The only thing more challenging than the business environment this year was the criteria for making list, which, with eight newcomers, was our most competitive yet. FORTUNE's Jessica Shambora and Beth Kowitt reveal FORTUNE's 2008 list of the 50 Most Powerful Women.
http://money.cnn.com/galleries/2008/fortune/0809/gallery.women_mostpowerful.fortune/index.html
INTERNATIONAL POWER 50
By changing the face of international business, these women are helping change the world. FORTUNE's Jenny Mero reveals the international power 50.
MEN: THE NEW MISFITS
Are guys cut out for the womanized workplace of the 21st century? In an excerpt from a new book, The Decline of Men, author Guy Garcia explores why many males are tuning out and giving up.
FIRST
Bad Trip Bulls Mid-September's wild markets rattled traders even in Frankfurt. Goin' South A Wall Streeter's guide to Charlotte, banking's new power center. Global Breakdown There's nothing like a financial crisis to expose global winners and losers. Credit Cards' Carte Blanche Financial uncertainty is the perfect cover for a rate hike. The Three-Minute Manager How do I put together a succession plan? Value Driven The power of vicious circles. Farm Country Goes Dutch The Netherlands' Rabobank profits by lending to the U.S. heartland. The Best Advice I Ever Got Marriott International's Bill Marriott. The Hottest Commodities You Don't Know Speculators get ready for minor-metal madness. Questions for... FedEx founder and CEO Fred Smith.
INVESTING
What Should You Do Now? With Wall Street banks failing and stocks hitting bear territory, this volatile market is more confusing than ever. Here's how to navigate the chaos.
TECHNOLOGY
The View From Silicon Valley While Wall Street writhes in agony, how are things in the land of tech? The New Throne of the Techie Take a seat on Herman Miller's new Embody chair. Hollyworld Viacom's rocky pay-TV picture show.
LIFE AT THE TOP
Go Where the Dollar Is Strong Just because your personal treasury is shrinking doesn't mean your travel plans should too. Joy Ride Driving a Maserati — no joke! — can increase a woman's testosterone. PLUS: Road Warrior: Chef Michael Mina; Book Review: Vanity Fair: The Portraits.
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CONTACT:
Brett LeVecchio
212-522-0361
brett_levecchio@timeinc.com
Katy Reitz
212-522-6724
Katy_Reitz@timeinc.com
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