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...This Peter Pan died just as he was showing signs of adult behavior. In 2005, Jackson saw Ron Burkle, the billionaire chairman of Yucaipa Cos., at the funeral of Johnnie Cochran, who had defended Jackson. Burkle, a person close to the matter told People, "told him in a very honest way that he kind of had to grow up, and as an adult, you have to start paying attention to where your money is going. Ron advised him to cut his spending or go back to work." Jackson sold Neverland to a partnership run by Colony Capital, a private-equity...

Author: /time Magazine | Title: The Battle Over Michael Jackson's Legacy | 7/2/2009 | See Source »

...players in the feud are Ferdinand Piech and Wolfgang Porsche, both of them grandsons of the visionary automotive engineer Ferdinand Porsche, who invented both Porsche and VW back in the 1930s. Wolfgang Porsche is chairman of Porsche, while his cousin Piech is chairman...

Author: /time Magazine | Title: Why VW and Porsche are On a Collision Course | 7/2/2009 | See Source »

That, we guess, would have been the job of Weymouth, 42, who is the granddaughter of Post's longtime publisher, Katharine Graham, and has only been the Washington Post's CEO since February of last year. Unlike her uncle Donald Graham, current chairman of the Washington Post Co., and the man she is expected to succeed, Weymouth, 42, never worked as a journalist, joining the family company in 1996 as a lawyer...

Author: /time Magazine | Title: Media Morass: The Great Washington Post Unvite | 7/2/2009 | See Source »

...Things, out of business. Linens 'n Things sold similar merchandise in similar markets as Bed Bath & Beyond. So it may just be a lack of competition, rather than a surge in purchasing power, driving Bed Bath & Beyond's positive results. "Consumer spending is wrecked indefinitely," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail investment banking and consulting firm based in New York City. "There is no more Linens 'n Things. How can that not have a tremendous impact on Bed Bath & Beyond...

Author: /time Magazine | Title: Bed Bath & Beyond: An Economic Indicator? | 7/1/2009 | See Source »

...business and would find himself lugging Sony's bulky TC-D5 cassette recorder around to listen to music. He asked Norio Ohga, then Executive Deputy President, to design a playback-only stereo version, optimized for use with headphones. Ibuka brought the result - a compact, high-quality music player - to Chairman Akio Morita and reportedly said, "Try this. Don't you think a stereo cassette player that you can listen to while walking around is a good idea...

Author: /time Magazine | Title: The Walkman | 7/1/2009 | See Source »

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