Fortune is a global business magazine published by Time Inc. Founded by Henry Luce in 1930, the publishing business, consisting of Time, Life, Fortune, and Sports Illustrated, grew to become Time Warner. In turn, AOL grew as it acquired Time Warner in 2000 when Time Warner was the world's largest media conglomerate.^[2] Fortune's primary competitors in the national business magazine category are Forbes, which is also published bi-weekly, and Bloomberg Businessweek. The magazine is especially known for its annual features ranking companies by revenue. CNNMoney.com is the online home of Fortune, in addition to Money.

History and organization[link]

Fortune was founded by Time co-founder Henry Luce in February 1930, four months after the Wall Street Crash of 1929 that marked the onset of the Great Depression. Briton Hadden, Luce's partner, wasn't enthusiastic about the idea—which Luce originally thought to title Power—but Luce went forward with it after Hadden's February 27, 1929 death (probably of septicemia).^[3]

Luce wrote a memo to the Time, Inc. board in November 1929, "We will not be over-optimistic. We will recognize that this business slump may last as long as an entire year."^[4]

Single copies of that first issue cost $1 at a time when the Sunday New York Times was only 5¢.^[4] At a time when business publications were little more than numbers and statistics printed in black and white, Fortune was an oversized 11"×14", using creamy heavy paper, and art on a cover printed by a special process.^[5] Fortune was also noted for its photography, featuring the work of Margaret Bourke-White and others. Walker Evans served as its photography editor from 1945–1965.

An urban legend says that art director T. M. Clelland mocked up the cover of the first issue with the $1 price because nobody had yet decided how much to charge; the magazine was printed before anyone realized it, and when people saw it for sale, they thought that the magazine must really have worthwhile content. In fact, there were 30,000 subscribers who had already signed up to receive that initial 184-page issue.^[5]

During the Great Depression, Fortune developed a reputation for its social conscience, for Walker Evans and Margaret Bourke-White's color photographs, and for a team of writers including James Agee, Archibald MacLeish, John Kenneth Galbraith, and Alfred Kazin, hired specifically for their writing abilities.

Fortune became an important leg of Luce's Time/Life media empire, which has grown to become Time Warner. For many years Fortune was published as a monthly, but as of January, 1978, it is published twice a month. It considers its purview the entire field of business, including the people, trends, companies, and ideas that characterize modern business.

Marshall Loeb was named managing editor in 1986 and stepped down in May 1994 upon hitting Time Inc.'s mandatory retirement age of 65, to be replaced by Walter Kiechel III, an executive editor at the publication. During his tenure at Fortune, Loeb was credited with expanding the traditional focus on business and the economy with added graphs, charts and tables, as well as the addition of articles on topics such as executive life, and social issues connected to the world of business, such as the effectiveness of public schools and on homelessness.^[6]

While circulation of the business magazines sector has apparently slumped since 2000,^[7] Fortune claims their circulation has risen from 833,000^[8] to 857,000^[9] in that period.

In October 2009, as a result of declining ad revenue and circulation, Fortune began publishing tri-weekly rather than bi-weekly.^[10][11]

[edit] Fortune lists

A theme of Fortune is its regular publishing of researched and ranked lists. In the human resources field, for example, their Best Companies to Work For list is an industry benchmark. Its most famous lists rank companies by gross revenue and profile their businesses:

• Fortune 500
• Fortune 1000
• Fortune Global 500
• Fortune India 500
• 40 under 40 (Fortune Magazine)

See also[link]

Media portal

• Fortune Battle of the Corporate Bands

References[link]

1. ^ ABC
2. ^ "AOL Eats Time Warner". http://www.media-alliance.org/article.php?story=20040514113031555. Retrieved 26 September 2010. 
3. ^ Henry Luce & His Time by Joseph Epstein, Commentary, Vol. 44, No. 5, November 1967
4. ^ ^{a b} Okrent, Daniel (September 19, 2005). "How the world really works". Fortune magazine. http://money.cnn.com/magazines/fortune/fortune_archive/2005/09/19/8272901/index.htm. 
5. ^ ^{a b} Background
6. ^ Deirdre, Carmody (May 2, 1994). "The Media Business; A Shaper of Magazines Retires". The New York Times. http://query.nytimes.com/gst/fullpage.html?res=9A03E2DA1330F931A35756C0A962958260. Retrieved February 10, 2009. 
7. ^ "Magazine audience". stateofthenewsmedia.org. http://www.stateofthenewsmedia.org/narrative_magazines_audience.asp?cat=3&media=7. 
8. ^ "Circulation trends". magazine.org. http://www.magazine.org/circulation/circulation_trends_and_magazine_handbook/1603.cfm. 
9. ^ "Fortune media kit". http://www.timeinc.net/fortune/mediakit/circulation.html. 
10. ^ RICHARD PÉREZ-PEÑA (23 October 2009). "Fortune Magazine Will Drop From 25 to 18 Issues a Year". New York Times. http://mediadecoder.blogs.nytimes.com/2009/10/23/fortune-magazine-will-drop-from-25-to-18-issues-a-year/. 
11. ^ Pérez-Peña, Richard (October 23, 2009). "Fortune media kit". The New York Times. http://mediadecoder.blogs.nytimes.com/2009/10/23/fortune-magazine-will-drop-from-25-to-18-issues-a-year/. 

External links[link]

• Official website
• List of 2008 100 Best Companies To Work For
• Complete Downloadable List of Fortune 500/1000 Companies – 1955–2008
• Fortune Magazine covers since 2004

v t e Time Warner Inc. Board of directors Herbert Allison Jim Barksdale Stephen Bollenbach Jeffrey Bewkes Frank Caufield Robert Clark Mathias Döpfner Jessica Einhorn Reuben Mark Michael Miles Ken Novack Richard Parsons Deborah Wright Home Box Office HBO (Multiplex Asia) Cinemax (Multiplex Asia) HBO Films Warner Channel (Latin America Asia India) Time Inc. Magazines All You Coastal Living Cooking Light Entertainment Weekly Essence Fortune Golf Health InStyle Life.com Money People People en Español People StyleWatch Real Simple Southern Living Sports Illustrated Sports Illustrated Kids Sunset Time Time for Kids This Old House IPC Media 25 Beautiful Homes Amateur Gardening Amateur Photographer Angler's Mail Beautiful Kitchens Chat Chat - It's Fate Chat passion Country Homes & Interiors Country Life Cycle Sport Cycling Active Cycling Weekly Decanter essentials European Boatbuilder Eventing Golf Monthly Homes & Gardens Horse Horse & Hound IBI Ideal Home InStyle Livingetc Look Marie Claire (UK) Motor Boat & Yachting Motor Boats Monthly Mountain Bike Rider Mousebreaker NME Now Nuts Practical Boat Owner Pick Me Up Rugby World Shooting Times Soaplife Sporting Gun Superyacht Business SuperYacht World The Field Shooting Gazette TrustedReviews TV & Satellite Week TV easy TVTimes Uncut VolksWorld What Digital Camera Wallpaper What's on TV Woman woman&home Woman's Own Woman's Weekly Yachting Monthly Yachting World World Soccer Other Maghound Oxmoor House Sunset Books Turner Broadcasting v t e Turner Broadcasting System (a subsidiary of Time Warner) North American television Boomerang · Cartoon Network (HD/VOD/SAP) · CNN (HD/VOD/SAP) · CNN Airport Network · HLN (HD/SAP) · NBA TV1 · Turner Classic Movies (HD/VOD/SAP) · TBS (HD/VOD/SAP) · TNT (HD/VOD/SAP) · truTV (HD) · WPCH TBS Europe Boomerang Central/Eastern Europe+Europe/Middle East/Africa · France · Germany · Italy · Pan-European · Spain · UK & Ireland Cartoon Network Arab World · Central/Eastern Europe · CN Too · Denmark · Europe/Middle East/Africa · France · Germany · Greece · Hungary · Italy · Netherlands · Nordic · Norway · Pan-European · Russia/SE Europe · Spain · Sweden · Turkey · UK & Ireland Others Boing France · Boing Italy2  · Cartoonito · CNN Türk · CNN+ · Nuts TV · TCM UK & Ireland · TCM 2 · TCM/Cartoon Network TBS Asia Pacific Boomerang Australia · Southeast Asia Cartoon Network Australia · China (on demand) · India · Japan · Pakistan · Philippines · Southeast Asia · Taiwan HBO HBO Asia · HBO Signature Asia · HBO Family Asia · HBO Hits · MAX Asia · Screen RED Asia Warner Channel WarnerTV Asia · WB Channel India Others China Entertainment Television · CNN-IBN · Imagine TV · Lumiere Movies · Pogo · Real · TCM Asia · truTV Asia TBS Latin America Cartoon Network · Boomerang · Tooncast · Chilevisión · CNN Chile · CNN en Español · Glitz* · HLN · HTV · Infinito · I.Sat · Space · TBS · TCM Classic Entertainment · TNT · truTV International CNN International TV production/distribution Cartoon Network Studios · Turner Entertainment · Cartoon Network Development Studio Europe Internet assets Cartoon Network Video · CNN.com · CNNMoney.com · Crime Library · The Smoking Gun · Super Deluxe · bamzu Former Kids' WB · Toonami · Toonami Jetstream (50% with Viz Media) · Turner South (now SportSouth) · WRET (now WCNC-TV) For computer GameTap ^Note 1 Actually owned by the NBA, but is operated by Turner. ^Note 2 Joint venture with Mediaset. Warner Bros. v t e Warner Bros. Entertainment Inc. (a subsidiary of Time Warner) Feature film production Warner Bros. Pictures Warner Bros. Family Entertainment Warner Bros. Animation New Line Cinema Castle Rock Entertainment Television production and distribution The CW (co-owned with CBS) Toonzai (25%, with 4Kids Entertainment (50%) and CBS (25%)) New Line Television Shed Media (55.75%) Telepictures Warner Bros. Animation Warner Bros. Television (Warner Horizon Television) Warner Bros. Television Distribution Warner Bros. International Television Warner Channel (with HBO Latin America Group) WarnerTV (with HBO Asia) WB Channel (with Turner International India Pvt Ltd) Warner Bros. Interactive Entertainment Monolith Productions TT Games Snowblind Studios Rocksteady Studios Turbine, Inc. NetherRealm Studios DC Entertainment, Inc. DC Comics imprints DC • DC Archive Editions • Johnny DC • Mad Books • Vertigo • Will Eisner Library Miscellaneous assets DC Direct Home video Warner Home Video Warner Premiere (Raw Feed) Warner Archive Collection Miscellaneous assets The WB Kids' WB! TMZ Momlogic Flixster (Rotten Tomatoes) WaterTower Music Key People Jack Warner Harry Warner Albert Warner Sam Warner Barry Meyer Website: warnerbros.com Miscellaneous MovieTickets.com Annual revenue  USD 43.6 billion (2005) Employees 87,850 (2005) Stock symbol NYSE: TWX Website timewarner.com

Michael Dell
Michael Dell, founder, chairman and CEO of Dell
Born	(1965-02-23) February 23, 1965 (age 47) Houston, Texas, U.S.
Residence	Austin, Texas
Nationality	American
Ethnicity	Jewish [1]
Alma mater	University of Texas at Austin (Dropped out)
Occupation	Chairman and CEO of Dell
Net worth	US$ 15.9 billion (2012)[1]
Spouse	Susan Dell

Michael Saul Dell (born February 23, 1965) is an American business magnate and author. He is known as the founder and CEO of Dell, Inc., one of the world’s leading sellers of personal computers (PCs). He is ranked as the 41st richest person in the world on 2012 Forbes Billionaires list, with a net worth of US$15.9 billion as of March 2012.^[2] In 2011, his 243.35 million shares of Dell stock were worth $3.5 billion, giving him 12% ownership of the company.^[3] His remaining wealth of roughly $10 billion is invested in other companies, and managed by a firm called MSD Capital (named after Dell's initials).^[4]

Early life and education[link]

Michael Dell was born to a well-off, Jewish family, on February 23, 1965.^[5] The son of an orthodontist^[6] and a stockbroker, Dell attended Herod Elementary School in Houston, Texas.^[7] In a bid to enter business early, he applied to take a high school equivalency exam at age eight. In his early teens, he invested his earnings from part-time jobs in stocks and precious metals.^[8]

Dell purchased his first calculator at age seven and encountered his first teletype machine in junior high, which he programmed after school. At age 15, after playing with computers at Radio Shack, he got his first computer, an Apple II, which he promptly disassembled to see how it worked.^[9] Dell attended Memorial High School in Houston, selling subscriptions to the Houston Post in the summer. While making cold calls, Dell observed that newlyweds and people moving into new homes were most likely to buy a subscription. He targeted this demographic group by collecting names from marriage and mortgage applications. Dell earned $18,000 that year, exceeding the annual income of his history and economics teacher.^[10]

Career[link]

A PC's Limited Turbo PC signed by Dell

Michael Dell lecturing at the Oracle OpenWorld, San Francisco 2010

While a freshman pre-med student at the University of Texas at Austin, Dell started an informal business putting together and selling upgrade kits for personal computers^[11] in room 2713 of the Dobie Center residential building. He then applied for a vendor license to bid on contracts for the State of Texas, winning bids by not having the overhead of a computer store.^[12][13][14]

In January 1984, Dell banked on his conviction that the potential cost savings of a manufacturer selling PCs directly had enormous advantages over the conventional indirect retail channel. In January 1984, Dell registered his company as "PC's Limited". Operating out of a condominium, the business sold between $50,000 and $80,000 in upgraded PCs, kits, and add-on components. In May, Dell incorporated the company as "Dell Computer Corporation" and relocated it to a business center in North Austin. The company employed a few order takers, a few more people to fulfill them, and, as Dell recalled, a manufacturing staff "consisting of three guys with screwdrivers sitting at six-foot tables." The venture's capitalization cost was $1,000.^[15][16]

In 1992 at the age of 27, Dell became the youngest CEO to have his company ranked in Fortune magazine's list of the top 500 corporations.^[17] In 1996, Dell started selling computers over the Web, the same year his company launched its first servers. Dell Inc. soon reported about $1 million in sales per day from dell.com.^[18] In the first quarter of 2001, Dell Inc. reached a world market share of 12.8 percent, passing Compaq to become the world's largest PC maker. The metric marked the first time the rankings had shifted over the previous seven years. The company's combined shipments of desktops, notebooks and servers grew 34.3 percent worldwide and 30.7 percent in the United States at a time when competitors' sales were shrinking.^[19]

In 1998, Dell founded MSD Capital L.P. to manage his and his family's investments. Investment activities include publicly-traded securities, private equity activities, and real estate. The firm employs 80 people and has offices in New York, Santa Monica and London. Dell is not involved in day-to-day operations.^[20]

On March 4, 2004, Dell stepped down as CEO of Dell Inc. but stayed as chairman of the board, while Kevin Rollins, then president and COO, became president and CEO. On January 31, 2007, Dell returned as CEO at the request of the board, succeeding Rollins.^[21]

Accolades for Dell include "Entrepreneur of the Year" (at age 24) from Inc. magazine;^[22] "Top CEO in American Business" from Worth magazine; "CEO of the Year" from Financial World, Industry Week and Chief Executive magazines.

Dell serves on the Foundation Board of the World Economic Forum, the executive committee of the International Business Council, the U.S. Business Council, and the governing board of the Indian School of Business in Hyderabad, India. He previously served as a member of the U.S. President’s Council of Advisors on Science and Technology.^[23]

In July 2010 Dell agreed to pay a $4 million penalty to settle SEC charges^[24] of disclosure and accounting fraud in relation to undisclosed payments from Intel Corporation. Dell Corporation and two other company executives also paid to settle all the charges.

Writings[link]

Dell's 1999 book, Direct from Dell: Strategies That Revolutionized an Industry, is an account of his early life, his company's founding, growth and missteps, as well as lessons learned. The book was written in collaboration with Catherine Fredman.^[25]

Wealth and personal life[link]

As of 2011, Forbes estimates Dell's net worth at $14.6 billion.^[26]

Dell resides in Austin, Texas with his wife, Susan, and their four children.^[27][28]

Philanthropy[link]

In 1999, Michael and Susan Dell established the Michael and Susan Dell Foundation, which focuses on children’s causes. By 2010, the foundation had committed more than $530 million to assist nonprofit organizations serving urban communities in the United States and India.^[29] The foundation has also provided $65 million in grants to three health-related organizations associated with the University of Texas: the Michael & Susan Dell Center for Advancement of Healthy Living, the Dell Pediatric Research Institute, and the Dell Children’s Medical Center, as well as funding for a new computer science building on the University of Texas campus.^[30][31]

In 2002, Dell received an honorary doctorate in Economic Science from the University of Limerick in honor of his investment in Ireland and the local community and for his support for educational initiatives.^[32]

Political contributions[link]

In 2004, Susan and Michael Dell were among 53 contributors of $250,000 (the maximum legal donation) to the second inauguration of President George W. Bush.^[33]

Criticism[link]

In the April 2011 issue of Mother Jones, a timeline of Michael Dell's life is included in the article American Magnate: Michael Dell: How a homegrown geek outsourced, downsized, and tax-breaked his way to the top. The article juxtaposes the CEO's spending on luxurious homes and private jet travel with his pursuit of tax breaks and tax holidays and Dell Computer's eventual offshoring of jobs overseas after receiving the incentives for setting up shop locally.^[34]

References[link]

Bibliography[link]

Dell, Michael; Catherine Fredman (1999). Direct From Dell: Strategies that Revolutionized an Industry. New York, New York: HarperColins Publishers. ISBN 0-88730-914-3. 

Wikimedia Commons has media related to: Michael Dell

Marissa Ann Mayer
Born	(1975-05-30) May 30, 1975 (age 37) Wausau, Wisconsin United States North America
Residence	San Francisco, Palo Alto
Nationality	American
Alma mater	Stanford University
Occupation	Vice President of Location and Local Services, Google[1] Computer programming instructor, Stanford University
Employer	Google Stanford University
Board member of	San Francisco Museum of Modern Art, San Francisco Ballet, New York City Ballet, and Cooper–Hewitt, National Design Museum [2]
Spouse	Zachary Bogue (2009–present)[3]

Marissa Ann Mayer (born on May 30, 1975) is Vice President of Location and Local Services^[4] at Google. She has become one of the public faces of Google, providing a number of press interviews and appearing at events frequently to speak on behalf of the company.^[5][6]

Education and career[link]

After graduating from Wausau West High School in 1993,^[7] Mayer was one of two delegates from Wisconsin selected by the Governor of that state to attend the National Youth Science Camp in West Virginia.

Mayer received her B.S. in symbolic systems, graduating with honors, and M.S. in Computer Science from Stanford University. For both degrees, she specialized in artificial intelligence. In 2009, the Illinois Institute of Technology granted Mayer an honoris causa doctorate degree honoring her pathfinding work in the field of search.^[8]

Mayer was the first female engineer hired at Google and one of their first 20 employees, joining the company in June 1999. Prior to joining Google, Mayer worked at the UBS research lab (Ubilab) in Zurich, Switzerland, and at SRI International in Menlo Park, California.^[9]

User interface (UI) and design work[link]

Mayer has notable public involvement with Google Search and Gmail, and can be considered significantly responsible for the success of these UIs^{[citation needed]}. Fortune magazine lists her as one of the 50 most powerful women in the world and the youngest woman ever to make the list.^[10]

Recognition[link]

Mayer has been named as one of Glamour Magazine’s 2009 Women of the Year.^[11]

References[link]

External links[link]

• Appearances on C-SPAN
• Marissa Mayer on Charlie Rose
• Marissa Mayer at the Internet Movie Database
• Marissa Mayer at the Notable Names Database
• "The adventures of Marissa" February 27, 2008 in San Francisco Magazine.
• Video-Interview February 2007 (English, German intro, German subtitles)
• "Inside Google's New-Product Process" June 30, 2006 in Business Week Online.
• "Managing Google's Idea Factory" October 3, 2005 in Business Week Online.
• Good Experience interview October 15, 2002
• Marissa Mayer At Le Web: The (Almost) Complete Interview December 10, 2008 at techcrunch.com
• Digg Dialogg: Marissa Mayer July 30, 2009 at digg.com
• Marissa Mayer On 'Twitchy' Google, Her Cell Phone Number, And Maps May 25, 2011 in HuffPost Tech
• Cyberposium 12: Marissa Mayer Keynote Video
• Innovation, Sharing and Dreams, Marissa Mayer speaking at Stanford
• Google I/O '08 Keynote by Marissa Mayer
• cover story in the April 2012 issue of IEEE Spectrum (archived from the original on April 06, 2012)

Dr. Charles Elachi

Charles Asshur Al-Wadad Elachi (Arabic: شارل عشي‎, born April 18, 1947 in Lebanon^[1]) is the Director of the Jet Propulsion Laboratory (JPL), located in Pasadena, California. He has held this position since May 1, 2001 and also holds professorships in electrical engineering and planetary science at Caltech. He is also a member of the Board of Trustees of the Lebanese American University (LAU).