- published: 03 Nov 2015
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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.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.
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).
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."
Lawrence "Larry" Page (born March 26, 1973) is an American computer scientist and internet entrepreneur who, with Sergey Brin, is best known as the co-founder of Google. On April 4, 2011, he took on the role of chief executive officer of Google, replacing Eric Schmidt. As of 2012[update], his personal wealth is estimated to be $18.7 billion. He is the inventor of PageRank, which became the foundation of Google's search ranking algorithm. Together, Brin and Page own about 16 percent of the company's stake.
Larry Page was born in Lansing, Michigan. His father, Carl Page, earned a Ph.D. in computer science in 1965 when the field was in its infancy, and is considered a "pioneer in computer science and artificial intelligence." Both he and Page's mother were computer science professors at Michigan State University. Gloria Page, his mother, is Jewish but he was raised without religion.
Page attended the Okemos Montessori School (now called Montessori Radmoor) in Okemos, Michigan from 1975 to 1979, and graduated from East Lansing High School in 1991. He holds a Bachelor of Science in computer engineering from the University of Michigan with honors and a Master of Science in computer science from Stanford University. While at the University of Michigan, "Page created an inkjet printer made of Lego bricks" (actually a line plotter), served as the president of the Eta Kappa Nu in Fall 1994, and was a member of the 1993 "Maize & Blue" University of Michigan Solar Car team.
Sheryl Kara Sandberg (born August 28, 1969) is an American businesswoman. She has served as the chief operating officer of Facebook since 2008. Prior to Facebook, Sandberg was Vice President of Global Online Sales and Operations at Google. She also was involved in launching Google's philanthropic arm Google.org. Prior to Google, Sandberg served as chief of staff for the United States Department of the Treasury. In 2012, she was named in Time 100, an annual list of the 100 most influential people in the world assembled by Time.
Sandberg was born in 1969 in Washington, D.C., the daughter of Adele and Joel Sandberg and the oldest of three siblings. Her family moved to North Miami Beach, Florida when she was two years old. She attended public school, where she was "always at the top of her class." Sandberg taught aerobics in the 1980s while in high school.
In 1987, Sandberg enrolled at Harvard College and in 1991, graduated with a B.A. in Economics and was awarded the John H. Williams Prize for the top graduating student in economics. While at Harvard, Sandberg met then professor Larry Summers who became her mentor and thesis adviser. Summers recruited her to be his research assistant at the World Bank, where she worked on health projects in India dealing with leprosy, AIDS, and blindness.