Business Archives - Page 4 of 4 - Pittsburgh Quarterly

2008 Summer

Six CEOs

Enron’s spectacular collapse in 2001, followed by WorldCom’s demise after Bernie Ebbers enjoyed more than $400 million in loans approved by his board of directors, led to the passage of the Sarbanes-Oxley Act of 2002 (SOX). SOX was intended to change the behavior and accountability of publicly traded companies, CEOs, boards of directors and public …

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Business

The China Syndrome

by Dan Fitzpatrick

Annie Wang was 9 when her parents vanished behind the Bamboo Curtain. It was the start of China’s “Cultural Revolution,” a terrible time for anyone in that country with money or status. Communist Party Chairman Mao Tse-tung urged citizens to engage in “class struggle” and the overthrow of “capitalist roaders,” encouraging the political persecutions, betrayal, torture, …

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Business

How to Profit from the Coming Singularity

by James H. Morris

Singularity” is a term that futurists have borrowed from mathematics to describe an event so profound that nothing is the same afterwards. Noah’s flood would be an example. There are four singularities on the horizon, and each offers many opportunities to make money. The internet swallows the world In “Mirror Worlds: Or the Day Software …

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Business

Policy Abroad Needs Work

by William W. Keller & Thomas G. Rawski

At first quietly, a group of us has been working to build a world-class institute at the University of Pittsburgh that analyzes emerging security problems and opportunities. Working closely with the U.S. military and key policy experts, the Matthew B. Ridgway Center for International Security Studies investigates rapidly emerging and evolving threats. One of the issues …

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Business

Google Knows How to Flirt

by James H. Morris

You hate to wait through an advertisement on television. But you enjoy the look and feel of an ad in your favorite magazine. You hate pop-ups on the Internet. Yet you like finding what you need on Google. Our likes, dislikes and habits in this changing world are becoming critically important to companies that want …

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Business

Backstage with Springsteen

by Sanford Neiman

It was Christmas 1978, and Bruce Springsteen and the E Street Band were playing at Pittsburgh’s Stanley Theater. A mutual friend asked my wife to relay a message to sax player “Big Man” Clarence Clemons and ask him to call her. We had a notion of who Bruce was but had never heard of Clarence. …

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Business

Outsourcing

by Sunil Wadhwani

Outsourcing: it’s a topic where everybody has an opinion, but few have the facts. Yet it’s a most important subject — one that has the potential to alter the fabric of the global economy. It’s particularly important for us to consider in southestern Pennsylvania, at a time when our regional economy is at a crossroads. …

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Business

An American Lawyer in China

by Dennis Unkovic

Twenty years ago I visited China for the first time, and my view of the world changed forever. This took me by surprise. I had studied China at the University of Virginia as part of a lifelong fascination with the country and its people, and I mistakenly thought I “understood” China. I came to realize …

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Business

Front and Center

by PQ Staff

Good evening ladies and gentlemen. It is a pleasure to be with you (And if you knew how frightened I am of speaking in public you would have pity on this terrorstricken speaker).” The thought expressed above is an all too common phenomenon for many who find themselves standing before an audience of strangers, all …

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Business

Destination of Choice?

by Dennis Unkovic

Seemingly overnight, China has become the destination of choice for American companies looking to expand their operations overseas. In 2004, China surpassed the United States for the first time as the top worldwide destination for foreign direct investment. For 2005, that should equate to about $58 billion. In the western Pennsylvania region alone, there are …

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