The Best Business Stories of the Year

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This collection of essays and articles delves into the complexities of finance, corporate culture, and the American economy, showcasing various perspectives on wealth and its implications. James B. Stewart examines the financial mismanagement at Tyco, while Andrew Hill critiques the decline of equity culture. Shirleen Holt reflects on the disillusionment of the American Dream, and Suzanna Andrews explores the fall of a powerful dynasty. Paul Krugman and Michael Lewis defend economic booms, yet Lewis also highlights the darker legacies of the telecom surge. Chris O'Brien and Jack Davis discuss the disparity between wealth and corporate responsibility, while Diana B. Henriques and Geraldine Fabrikant question executive pay independence. Johnnie L. Roberts narrates the unraveling of corporate giants, and a team from BusinessWeek provides insights into Starbucks' global influence. Stefanie Olsen discusses Google's dominance, and Karen Olsson addresses challenges posed by retail giants like Wal-Mart. Julie Landry raises concerns about education, and John Cassidy chronicles Eliot Spitzer's impact on Wall Street. Other contributors analyze investment strategies, corporate failures, and the broader economic landscape, offering a multifaceted view of financial practices and their societal consequences.