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Why America’s Point Man On China Is Running Into a Wall
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By the Numbers
Just because they do business around the globe doesn't mean CEOs get around it. A study of top American and European CEOs by executive search firm Heidrick & Struggles exposes Americans as the homebodies.
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Percentage of current U.S. (Fortune 100) CEOs who are of a nationality other than American 32 Percentage of current European (FTSE 100) CEOs who are of a nationality other than British 33 Percentage of Fortune 100 CEOs who have lived and worked outside the United States for at least a year 67 Percentage of FTSE 100 CEOs who have lived and worked outside the United Kingdom for at least a year Organized Crime: Italians Kiss Off the Mob
Muckraker Roberto Saviano is credited with bolstering Italy's recent anti-mafia momentum. Saviano, 28, infiltrated the Camorra in his hometown near Naples and scoured court records to research his best-selling novel, "Gomorrah." He provides damning evidence against the Neapolitan clans, naming people, businesses and extortionists. "Italy is making progress against the mafias, but it's not enough," he says. Crime syndicates still siphon the equivalent of 7 percent of Italy's GDP and divert nearly €90 billion from entering its legal economy. But while standing up to the mob used to be a fatal mistake, Italians are gaining confidence.
In Palermo, 106 stores now advertise mob-free shopping. In Naples last month, non-mob bakers handed out 20,000 loaves of "honest bread" to protest that city's 2,500 mob-linked bakeries. And Luca Cordero di Montezemolo, head of Ferrari and Fiat, vowed to ban anyone associated with the mob from Italy's employers' federation. He called on businesses to "take on the responsibility even though it entails serious risks."
These initiatives and fearless knights like Saviano build hope. But even Saviano admits this road has been traveled many times before. "And," he says, "the trail is always bloody."
--Barbie Nadeau
Worth Your Time: Jackson Was King
Michael Jackson is handsome and charming. He's flirtatious. He's mostly guileless, sometimes a little confrontational. He's magnetic.
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