Steve Jobs is gone, leaving behind a void at the company he founded similar to the gaps left by other American visionaries like Walt Disney, Sam Walton, Henry Ford and Ray Kroc upon their passings.
It's hard to find fault with index funds: Low costs and broad diversification make them the surest bet for the long run. But by definition index funds are no better than average, and let's face it: Sometimes you want to win a race.
Let's say you bought two stocks last year. One has tanked and looks likely to fall further. One has gone up and you expect it to keep rising. (Hey, it's not completely impossible.) Which are you more apt to sell?
Ten years later, Marlene Chism still gets upset when she thinks about the time she lost her temper in front of the higher-ups. Every time she tried to talk during a meeting at the manufacturing plant where she worked, she says, the male human resources manager discounted her idea.
Jeffrey Sonnenfeld knows failure. A professor at the Yale School of Management and founder of the non-profit Chief Executive Leadership Institute, Sonnenfeld has risen to leadership-guru status by becoming the expert on how CEOs stumble and bounce back. He first explored failure 20 years ago in his book "The Hero's Farewell: What Happens When CEOs Retire." Sonnenfeld's latest, "Firing Back: How Great Leaders Rebound After Career Disasters," hits the topic head on. Fortune editor at large Patricia Sellers talked with Sonnenfeld about what he has learned studying failure. An edited version of their conversation:
When Jack Welch gave a guest lecture at MIT's Sloan School of Management in 2005, someone in the crowd asked, "What should we be learning in business school?" Welch's reply: "Just concentrate on ne...
AS ANY LONDONER WITH A LICK OF sense will tell you, house prices in the British capital--up 200% over the past decade--are overdue for a correction. And thanks to the miracle of modern derivatives ...
HAVE AN MBA OR A Ph.D.? If so, don't mention it on your business card or e-mail signature --at least that's the consensus among the many hundreds of you who wrote to take issue with the expert I qu...
By and large, Americans are optimists. We like to believe that anything is possible. Conquering polio, traveling to the moon, and creating the World Wide Web are but a few notable examples of the t...
When President Bush announced last December that William Donaldson was his choice to replace Harvey Pitt as chairman of the Securities and Exchange Commission, the reaction was generally positive. ...
The food was good. The weather was heavenly. But the Greenbrier resort in West Virginia was not an especially joyous place in early October as 68 chief executives converged for a meeting of the sup...
A year ago, we valued the future. Thanks to Motorola's focus on space-age wireless Internet access--CEO Chris Galvin was appearing regularly on television talking of a brave new world and showcasin...
It's not every day you get to say to a Nobel prize winner: You read it here first. But Reinhard Selten, the German economist from the University of Bonn who was one of the three winners of this yea...
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