Tim Cook is still settling in as CEO of Apple, but a would-be successor is waiting in the wings, writes Adam Lashinsky. Senior Vice President Scott Forstall, who heads Apple's lucrative mobile-software division, makes no attempt to hide his ambition, and many in the company say he'd make an excellent replacement if Cook stumbles. "Whether Forstall will happily remain a supporting player will be one of the great internal dramas of Cook's tenure," Lashinsky writes.
Social media may be able to spur innovation, but only if the technology is able to enhance spontaneous collaboration, rather than impede it, writes Scott Raskin, CEO of Mindjet. The invention of e-mail ultimately hurt collaboration, he suggests, because it allowed workers to rely on static messages to convey information, instead of dynamic discussions. Companies should look for ways to utilize collaborative technologies such as wikis, which encourage many people to work on a project at once, instead of everyone taking turns, he writes.
You never have to type "http://www" again. Imagine the time savings. These are things you'll wish someone told you about years ago, like how to use Google as a quick calculator and a measurement converter. Or that if you press the space bar twice on your iPhone, you get a period, a space and the next letter capitalized.
Even if the U.S. House passes the bailout package today, the world has plenty to fear from the financial contagion. The Economist says now is the time for global cooperation to save everyone's skin, not just the bankers'. "Governments need not just to communicate, but also to co-ordinate," this editorial says. "Past banking crises show that late, piecemeal rescues cost more and work less well."
Merrill Lynch CEO John Thain will become president of global banking, securities and wealth management once Merrill merges with Bank of America. This suggests he may end up running the whole show once the bank's CEO, Ken Lewis, retires. Thain, reporter Greg Farrell tells us in the accompanying video, aggressively unloaded Merrill's "toxic" assets. "He distinguished himself as the one Wall Street executive who was smart enough to save his ship before it ran aground."