(FORTUNE Magazine) – EDITOR-IN-CHIEF Jason McManus EDITORIAL DIRECTOR Henry Muller

TIME INC. CHAIRMAN, CEO Reginald K. Brack Jr. PRESIDENT Don Logan EXECUTIVE VICE PRESIDENTS Donald J. Barr, Donald M. Elliman Jr., Robert L. Miller MANAGING EDITOR Marshall Loeb EXECUTIVE EDITORS Allan T. Demaree, Walter Kiechel III, Ann M. Morrison ASSISTANT MANAGING EDITOR Geoffrey Colvin INTERNATIONAL EDITOR Donald D. Holt ART DIRECTOR Margery Peters PICTURE EDITOR Michele F. McNally BOARD OF EDITORS Vivian Brownstein, Charles G. Burck, Gene Bylinsky, Julie Connelly, John J. Curran, Marta Fitzgerald Dorion, Ann Reilly Dowd (Washington), Brian Dumaine, Edmund Faltermayer, Susan Fraker, Keith R. Johnson, Richard I. Kirkland Jr., Louis Kraar, Kenneth Labich, Colin Leinster, Carol Junge Loomis, Myron Magnet, Peter Nulty, Brian O'Reilly, Peter Petre, Carla Rapoport (European editor), Bill Saporito, Brenton R. Schlender (Tokyo), Stratford Sherman, Lee Smith, Thomas A. Stewart, Alex Taylor III, Shawn Tully SENIOR EDITOR John Huey STATISTICS EDITOR Catherine Comes Haight ASSOCIATE EDITORS Kate Ballen, Rosalind Klein Berlin, Susan Caminiti, Alan Deutschman (Silicon Valley), Alan Farnham, Jaclyn Fierman, Anne B. Fisher, Jane Furth, Ronald Henkoff (Chicago), Paul Hofheinz (Bonn), Richard D. Hylton (San Francisco), David Kirkpatrick, Susan E. Kuhn, Andrew Kupfer, Alicia Hills Moore, Rob Norton (Washington), Terence P. Pare, Nancy J.Perry (Los Angeles), Faye Rice, Louis S. Richman, Lenore Schiff, Patricia Sellers, Andrew E. Serwer, Joseph Spiers, Wilton Woods CONTRIBUTING EDITOR Daniel Seligman WRITER-REPORTERS Rahul Jacob, Richard S. Teitelbaum REPORTERS James Aley, Mark D. Fefer, Jacqueline M. Graves, Ani Hadjian, Cindy Kano (Tokyo), John Labate, Stephanie Losee, Justin Martin, Thomas J. Martin, Antony J. Michels, Shelley Neumeier, Suneel Ratan (Washington), Alison Rogers, Ricardo Sookdeo, Alison L. Sprout, Rick Tetzeli, Emily Thornton (Tokyo), Tricia Welsh, John Wyatt ART STAFF Joan Hoffman, Renee Klein, Leo F. McCarthy (associate directors), Linda Eckstein, Frances Fifield, Jean Held, Maria Keehan, Nai Lee Lum, Tony Mikolajczyk, Barbara R. Smyth (designers) PHOTOGRAPHY Elizabeth Cheng Krist, Eric Godwin, William Nabers (assistant picture editors), Julie B. Ades, Maureen Duffy Benziger, James M. Tarrant EDITORIAL OPERATIONS Donald Biglands (director), Carol Gwinn (copy chief), Charles Blackwell (deputy), David Sloan (operations chief), David V. Rile (deputy), Christopher E. Green (technology manager), Charles J. Attardi, ! Leslie Brenner,Jonathan Brown, Leon A. Douglas, Edith Firoozi Fried, Scott Kelliher, Daniel Lawrence, Michelle Lockhart, Frances Owles, Mary Alice Rudovsky, Sara Solberg, Dennis Williams, David Wray IMAGING Richard J. Sheridan (manager), John F. Carnesi, Jeffrey W. Fulton, William Giersbach, Kyle Hislip, Angel A. Mass, Janet Miller, Richard K. Prue, Kate Sullivan, Paul Tupay PRODUCTION Thomas C. Colaprico (makeup manager), Michele R. Smith (assistant makeup manager) EDITORIAL FINANCIAL MANAGER Eileen Naughton EDITORIAL ASSISTANTS Anne Gut, Carolyn Sampson, Georgia Benson, Bernadine Crawford, Kelly Gallagher, Diane Hendrix-Colley, Kerry L. Hubert, Deborah L. Morris TIME INC. EDITORIAL OPERATIONS Sheldon Czapnik (director), Christiana Walford (editorial services director), Hanns Kohl (photo lab), Lany W. McDonald (library), Beth Bencini Zarcone (picture collection)

PUBLISHER James B. Hayes ASSOCIATE PUBLISHER Susan F. Sachs CONSUMER MARKETING DIRECTOR Brian D. Wolfe BUSINESS MANAGER Merida Welles PRODUCTION DIRECTOR Guy Gleysteen FORTUNE ENTERPRISES DIRECTOR John S. Needham ADVERTISING SALES DIRECTOR C. Stuart Arnold MARKETING DIRECTOR Leslie Gaines-Ross PROMOTION DIRECTOR David L. Nimz PUBLIC RELATIONS DIRECTOR Emma Clurman