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If a novelist lined up as many dramatic events as the author does here, his work would be blasted as contrived. Lowenstein, a magnificent business writer, creates an almost novelistic accounting of the all-too-real 2008 financial collapse. The book opens in late summer: Lehman Brothers is a hairbreadth...

Author: /time Magazine | Title: Business Books | 4/12/2010 | See Source »

Lowenstein has a pitch-perfect sense of the Street's monumental recklessness. The chorus line of overpaid bad actors in this book is endless. Held out for particular scorn is Lehman CEO Richard Fuld, who has "the daring of a gambler who believes, deep down, that he will always be...

Author: /time Magazine | Title: Business Books | 4/12/2010 | See Source »

As Motorola knows all too well, it will take a red-hot hit to capture those new customers. The 81-year-old American institution, based in Schaumburg, Ill., has a celebrated history: its engineers invented the cell phone and, before that, the walkie-talkie, as well as one of the...

Author: /time Magazine | Title: Motorola's Binary Code | 4/12/2010 | See Source »

That investment is showing some positive signs. Handset sales began slowly improving in late 2009 as Jha set about changing Motorola's 9-to-5 corporate culture and wooed top talent away from competitors. He scrapped much of the 2009 product portfolio in favor of new smart-phone offerings, all...

Author: /time Magazine | Title: Motorola's Binary Code | 4/12/2010 | See Source »

Hitching Motorola to one horse - even if it's Google - was a risky but necessary move, as the market-leading iPhone taught consumers to increasingly demand usability in addition to cool hardware, Motorola's traditional specialty. "Software is the star now," says Carolina Milanesi, a Gartner analyst. "The choice of...

Author: /time Magazine | Title: Motorola's Binary Code | 4/12/2010 | See Source »

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