Give more independence to the Scots—paired with a statement that there will be no more votes for a long time to come
The move comes as GM's blue-chip brand is finally considered in range of—if not quite on par with—the best German luxury rides
Unresolved economic conflicts simmer during a tenuous cease-fire
In becoming Oracle's chairman and chief technology officer, Ellison will leave the software giant he founded in the hands of co-chief executive officers Mark Hurd and Safra Katz
The popular premixed funds are supposed to get more conservative as retirement gets closer. What “conservative” means is open to interpretation
With "activity-based working," you lose your desk and gain your freedom—all for better efficiency
The NFL is facing its worst crisis in 50 years. Why is Commissioner Goodell so sure he won't lose his job?
Two dozen live shows will broadcast professors' ideas for 40 hours a week, serving as a way to broaden Wharton's reach
A report finds high default rates on franchise loans
Entrepreneur: David Karp, 22
Funding: $5.25 million from Union Square Ventures, Spark Capital, Betaworks
Somewhere between full-throttled blog software, such as WordPress, and minimalist microblogging tools, such as Twitter, lies Tumblr. New York native David Karp introduced Tumblr in 2007, using money and experience he'd acquired as a software consultant for online parenting site UrbanBaby. Tumblr has attracted 800,000 users, including pop music stars Katy Perry and John Legend, who use the free service to keep an online journal of photos, videos, music, and text. Karp says $4.5 million raised in December gives Tumblr plenty of money to stay focused on attracting users. But he expects the company to generate revenue this year by customizing its platform for big media companies and by charging regular users who want extra services, such as more visibility for their pages.
Lessons learned: "Most of the good decisions I've ever made I can credit to the smart people around me," Karp says. "My role models and my mentors have made a lot smarter decisions than I have."