The NCAA men's basketball tournament starts, raising the perennial question, Is it kosher for the boss to win the office pool?
Slipping on Oil
The Exxon Valdez disgorged 11 million gallons of oil on the Alaskan coastline 17 years ago today, providing managers everywhere with an object lesson in how not to respond to a crisis. Exxon's then chairman Lawrence Rawl didn't issue a statement for almost a week, and drew fire for sending lower-level officials rather than touring the area himself. His inept handling of the catastrophe helped to shape the rules of modern crisis management: Respond swiftly, take responsibility, project empathy, and outline concrete ways you'll fix the problem.
The 24th Annual Inc. 500 Conference
The event--keynoted by former President Bill Clinton and Home Depot co-founder Bernie Marcus--kicks off in Savannah, Georgia.
Seventy Years Before Enron...
Ever hear of Sam Insull? He built a utilities empire in Gilded Age Chicago, wiring homes cheaply and charging customers low prices for off-peak hours. But he funded growth with bonds and stock. When the Depression hit, they became worthless and he was charged with fraud. John F. Wasik recounts the intriguing tale in The Merchant of Power: Sam Insull, Thomas Edison, and the Creation of the Modern Metropolis (Palgrave Macmillan, $25), due out this month.