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
JOHN MACDOUGALL/AFP/Getty Images
Power 100 rank: 7
Most recent notable achievement: Eight gold medals at 2008 Beijing Games
Earnings: $6 million
Key sponsors: Subway, Speedo, Omega Watches
Why he's on the list: One year later, Phelps continues to shatter his own world records, and with the memory of his Beijing performance still fresh, most sponsors were reluctant to drop the 24-year-old despite photos of his marijuana use.