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A brief history of the cruise ship industry—from its early idealism to its evolution into “funships” for “Huggets”: “Arison found a Norwegian called Knut Kloster who had a suitable boat. Kloster also came from an old shipping family. They had made their fortune shipping ice to Europe from Norway, and they now ran a vast […]

[Fiction] A marriage and its outside interferences: “When she told her husband that David Cannon had arranged for her a series of recitals in South America, she looked to him for swift response. She was confident that anything touching on her professional life would kindle his eye and warm his voice. It was, in fact, […]

Tim Cook arrived at Apple in 1998 from Compaq Computer. He was a 16-year computer-industry veteran – he’d worked for IBM (IBM, Fortune 500) for 12 of those years – with a mandate to clean up the atrocious state of Apple’s manufacturing, distribution, and supply apparatus. One day back then, he convened a meeting with […]

Eleven years ago, one of Washington’s most tradition-bound companies placed a bet that would transform its fortunes. The wager, by The Washington Post Co. and its Kaplan division, took the form of a $165 million purchase of an Atlanta-based chain of for-profit vocational schools that catered to low-income students. The bet was big — the […]

Cliff Asness’s Applied Quantitative Research—which makes its fortune, like other “quants,” by using high-speed computers and financial models of extraordinary complexity—has made a stupendous recovery in the past two years. At the end of 2010, AQR had $33 billion in assets under management. Its funds’ performance was up nearly 20 percent last year, after being […]

On the 25th anniversary of the company’s IPO, Fortune presents the inside story of Microsoft’s stock issue. For six months, writer Uttal followed around a young Bill Gates, whom he dubbed the “rabid rabbit” as he prepared himself and his company for the public markets.

Tom Barrack, a billionaire investor who made his fortune in real estate, has discovered a market in distressed celebrities. With Neverland Ranch and Miramax under his belt, he’s now on a shopping spree—and bringing along his buddy Rob Lowe.

Josh Harris made his fortune, long since lost, by starting two pioneering companies in New York: the first web research firm, Jupiter Communications, in 1986; and Pseudo, the first producer of television shows for the Internet, in 1993. “First of all, I’m flat broke,” he said. “And a guy like me is in New York […]

Beyond the goofy games is a world of useful programs that’s making fortunes and changing the rules of business

If not for founder Mark Zuckerberg’s stubborn streak, social-media pioneer Facebook might be just another part of a giant media or tech outfit today. Instead it’s a giant on its own, with close to 500 million users, some $20 billion in market value, and millions of investors eagerly awaiting an IPO. For his new book, […]