Many public funds don't adhere to basic norms of modern money management and most don't even appear to make an effort to match their investment strategies with their future financial obligations. "As [sovereign wealth funds] have grown, they appear to

Despite warnings of a bubble, investors and entrepreneurs see long-term promise for firms that make efficient technology and alternative energy. Unlike the vaporware of the tech bubble that burst in 2001, these technologies are up, running and proven, say participants

America has been failed by its government, and the nation now faces economic and security catastrophes unless its leaders change their ways, Wharton management professor Lawrence G. Hrebiniak concludes in his new book, The Mismanagement of America, Inc. He directs

After the U.S. Supreme Court declared in 2005 that Internet file-sharing sites Grokster and StreamCast had illegally aided their customers' efforts to share pirated copies of copyrighted music and video files, many commentators predicted the demise of businesses that depended

Scrabble -- the board game in which you compete with other players in making words -- has become a familiar household name since it was introduced in 1948. Its unofficial online double, Scrabulous, has become one of the most popular

Retailers are in a tough situation, locked between rising product costs and a limited ability to raise their prices. Even cost-savvy market leaders such as Costco are having a difficult time. But Wharton faculty say that handled carefully, the current

Managing the forces arrayed against them -- hostility against Islam in the Western world, resistance to change among Muslims and hostility to the West among Muslim populations -- is no easy task for Muslim women in positions of leadership. As

Progress toward unfettered international commerce stumbled last week with the collapse of the World Trade Organization's Doha talks, a seven-year effort to establish new global trade rules. The lengthy talks were complicated by the rapid emergence of China and India

Media outlets and regulators have scrutinized the securitization of risky residential mortgages for their role in the global credit crunch. Less attention has been paid to their less-risky cousin, the commercial mortgage-backed securities (CMBS) market, which has been tarnished by

Earlier this summer, when employees first learned of a Google plan to upgrade and dramatically raise the price of its day care program, they wept. According to Wharton faculty and compensation experts, that reaction shouldn't come as a big surprise.

Diamonds aren't forever. Just ask John J. Teeling, executive chairman of Dublin-based exploration company African Diamonds. During a panel discussion at the recent Wharton Global Alumni Forum in Cape Town, South Africa, Teeling noted that despite its storied past as

Companies ranging from Yahoo and CSX to Motorola, H.J. Heinz and Time Warner have been the target of proxy wars over the past few years as disgruntled shareholders try to force changes in corporate behavior and/or top management. But while

In June 2007, the stock price of Radian Group, a Philadelphia-based credit risk management firm, was close to all-time highs at$64. In late June 2008, in the thick of the sub-prime mortgage crisis, the company's stock had tumbled below $1

Microsoft, Google and Yahoo have been talking about -- and making -- deals that each believes will help secure their future in the fast-growing market for online advertising. No matter how their maneuvering concludes, advertising and marketing firms must get

Some Internet entrepreneurs are blazing new trails to real revenue in the virtual world. In the examples that emerged from the recent Supernova conference, an annual technology event in San Francisco organized by Wharton legal studies and business ethics professor

There's really nothing illegal about it" is a phrase often heard in descriptions of the practice of shorting, or short-selling, which are essentially bets that a stock price will decline. But after some market watchers accused short-sellers of unfairly depressing

These days, when the U.S. Department of Defense buys a fighter jet from Lockheed Martin, it doesn't simply pay Lockheed for the physical product. Instead, the government has a "performance-based contract" with the defense supplier, according to Serguei Netessine, professor

A new global middle is rising up in emerging economies around the world, providing competition for labor and resources along with enormous promise for multinationals eager to sell to the burgeoning ranks of first-time consumers. But don't expect this new

Since 2004, Steven R. Loranger has been chairman, president and CEO of ITT, a diversified high-technology engineering and manufacturing company that plays a key role in global defense and security. The company had $9 billion in 2007 sales, $4.2 billion

Companies like Hewlett-Packard, Ernst & Young and Del Monte Pet Foods have more in common than one may think: They are all savvy participants in the growing trend of consumers' use of social networking technologies to access information and get