Former Federal Reserve Chairman Alan Greenspan conceded to a congressional committee Thursday that he made "a mistake" in thinking that self-interest would force banks and other financial institutions to protect shareholders. He said he wrongly assumed that lenders would carry out proper surveillance of their counterparties. On the other hand, Greenspan said the kind of heavy regulation that could have prevented the economic crisis would also have damaged growth in the United States.
"The Adventures of Johnny Bunko: The Last Career Guide You'll Ever Need" by Daniel H. Pink illustrates the struggles of a young executive as he searches for job satisfaction and moves up the corporate ladder. Classic story, but this career guide is a little different: It's written as a manga comic. In this interview, Pink talks about his novel approach and what it takes to get ahead today.
The new Apple MacBook is less than an inch thick -- but even this lean laptop carries a hefty price tag. Starting at $1,299, the nearly 4.5 lbs of aluminum offers plenty of luxury features in a slim design.
Retired General Colin Powell spent months preparing before he endorsed Sen. Barack Obama for the White House on Sunday. Employing a strategy similar to the military doctrine named for him, he used his keen grasp of the tactical landscape and nuanced timing to bring "maximum firepower" to his announcement.
Research at multinational corporations shows a high failure rate for major cross-functional initiatives. Test-driving the program out in a smaller part of the company is time-consuming but often results in a better solution. The authors of this article studied pilot programs and found the key factors that influence success.