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...heaviest hitters were on the President's Economic Recovery Advisory Board, a committee of corporate leaders and economists whom Obama brought inside the White House to advise on everything from regulatory reform to global warming. Formed during the transition, it included top fundraisers such as Hyatt family scion Penny Pritzker, Obama's Silicon Valley ally Doerr and two ambassadors from Wall Street, UBS's Robert Wolf and private-equity investor Mark Gallogly. This foursome and their spouses had collectively given roughly $2.4 million to Democrats since 2000. Doerr's venture-capital firm, Kleiner Perkins Caufield & Byers, made more than...

Author: /time Magazine | Title: How Fundraising Helped Shape Obama's Green Agenda | 3/15/2010 | See Source »

When Anna Fendi Venturini, scion of the Italian fashion house, acquired the run-down Villa Laetitia in Rome, she saw potential in its cracked façade and overgrown garden. Fendi spent one year and several millions of dollars renovating the Art Nouveau mansion. The result is an upscale oasis of calm along the Tiber River...

Author: /time Magazine | Title: Roman Holiday: Villa Laetitia | 2/3/2010 | See Source »

Inaba said Toyota plans to launch 10 new products this year, beginning with a redesigned 2011 Sienna minivan and later with the official launch of a $375,000 Lexus supercar, the carbon-fiber LFA. Also, the Toyota Scion will expand its product line...

Author: /time Magazine | Title: Toyota's Recall Will Test Customer Loyalty | 1/27/2010 | See Source »

...seems to be working. When well known Indian business scion Nandan Nilekani's first book hit the shelves this year, Penguin sold over 60,000 hardbacks - a total that raised expectations for best-sellers in the country. A decade ago, the company wouldn't have dreamed of printing more than 7,000 copies, says Padmanabhan. When the fourth book in the "Harry Potter" series was released in 2001, Penguin sold 30,000 copies. That was a good haul, but still small in comparison to the U.S., which sold 3.8 million copies, and the U.K., which sold another million...

Author: /time Magazine | Title: In Jaipur, the Indian Book Market Comes Into Its Own | 1/24/2010 | See Source »

Most of the attention has focused on the prospective Democratic candidacies of Andy Dillon, speaker of Michigan's house of representatives, and Denise Ilitch, a scion of the family that owns the Little Caesar's pizza chain and the Detroit Red Wings hockey team. The Democrats, says Michigan political analyst Bill Ballenger, are "holding their breath and saying, 'This is going to be a dogfight...

Author: /time Magazine | Title: Michigan's Governor's Race Tests the Democrats | 1/22/2010 | See Source »

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