Jerry Useem, Francis Fukuyama

If you can rely on people to do what they say they’re going to do—without costly coercive mechanisms to make them dependable—a lot of things become possible.

Jerry Useem

Trust is to capitalism what alcohol is to wedding receptions: a social lubricant. In low-trust societies (Russia, southern Italy), economic growth is constrained.

Have They No Shame?

Their performance stank last year, yet most CEOs got paid more than ever. Here’s how they’re getting away with it.

Backward-Looking Accounting

Corporate earnings are as much opinion as fact. Here’s a radical way to fix the problem.

Why Companies Fail

CEOs offer every excuse but the right one: their own errors. Here are ten mistakes to avoid.

Dot-Coms: What Have We Learned?

Fortune uncovers 12 truths about how the Net really changes business in this six-part article. The 12: (1) The Internet isn’t as “disruptive” as we thought; (2) If it doesn’t make cents, it doesn’t make sense; (3) Time favors incumbents; (4) Making a market is harder than it looks; (5) There is no such thing as “Internet time”; (6) “Branding” is not a strategy; … [ Read more ]