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...that, Biderman offers no apologies. "Humans aren't meant to be monogamous," he says. So would this free-thinking CEO mind if his own wife used his site? "I would be devastated," he says...

Author: /time Magazine | Title: Cheating 2.0: New Mobile Apps Make Adultery Easier | 6/29/2009 | See Source »

...theft from an employee benefit plan. The scam's victims included high-profile celebrity names such as actress Kyra Sedgwick, actor Kevin Bacon, director Steven Spielberg, actress Zsa Zsa Gabor, actor John Malkovich, New York Daily News owner Mort Zuckerman and the family trust of DreamWorks CEO Jeffrey Katzenberg, as well as charities, universities, hedge funds, banks and pension funds around the world...

Author: /time Magazine | Title: The Penalty for 'Extraordinary Evil': Madoff Gets 150 Years | 6/29/2009 | See Source »

...first quarter of 2009, and its London-listed shares have doubled since March. Such a stellar performance during the worst recession in decades has placed StanChart in the enviable position of being able to gain market share and key talent at the expense of its competition. Standard Chartered CEO Peter Sands, 47, has a simple explanation: "We had a very clear strategy and we're very clear on sticking to it," Sands says...

Author: /time Magazine | Title: Position Player | 6/29/2009 | See Source »

...were denied further credit. To strengthen the bank's financial position even more, Sands raised $2.7 billion in capital through a December share sale, raising the bank's key "tier one" capital ratio to 10.1%. (An 8% ratio is considered healthy.) Jaspal Singh Bindra, StanChart's Hong Kong - based CEO for Asia, says that previous downturns like the 1997 Asian crisis made management especially wary of financial-system turmoil. "We learned that when there is a market problem, it spreads from a problem to a crisis very quickly," Bindra says...

Author: /time Magazine | Title: Position Player | 6/29/2009 | See Source »

...such regal aspirations. He doesn't even own a soccer team. He's not a flashy dresser, sporting casual, open-necked shirts and spending his free time quietly with family by Lake Geneva. He's at the firm to manage Fiat, not rule it. "My job as CEO is not to make decisions about the business but to set stretch objectives and help our managers work out how to reach them," he wrote. It worked at Marchionne's previous job, as head of a Swiss inspection and verification company called...

Author: /time Magazine | Title: Is Chrysler Too Big a Mess for Fiat's Turnaround Artista? | 6/29/2009 | See Source »

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