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The U.S. narrowly averted a full-blown crisis on October 3, when the House of Representatives approved a $700 billion bailout package. But even at best, the American economy has entered a period of de
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Future economic historians may remember the month that just ended as Black September. Lehman Brothers collapsed; the Bank of America acquired Merrill Lynch; AIG was nationalized; banks such as Washing
A difficult recovery ahead: Vikram Pandit
As negotiators in Washington struggled to devise a plan to rescue Wall Street and avert a global financial catastrophe, Citigroup CEO Vikram Pandit noted during an interview at Wharton last week that
Winners and losers in the rising tide of proxy wars
Yahoo chairman Roy Bostock and billionaire activist investor Carl Icahn were proxy war pen pals, but not in the traditional sense. Instead of friendly notes, they were exchanging jabs in letters to sh
It's biotech's year: 8 great business plans
A decade ago, when the Wharton Business Plan Competition (BPC) began, the internet dominated discussions about entrepreneurship. That, of course, was before the bubble burst and many dot.coms were rev
