COVER STORY
The Numbers Game Companies use every trick to pump earnings and fool investors. The latest abuse: "Pro forma" reporting
COVER IMAGE: The Numbers Game
TABLE: Tricks of the Trade
TABLE: Red Flags
TABLE: Spinning Earnings
TABLE: How Network Associates Halved Its Loss
TABLE: A Report Card on the Regulators
The Last Word at First Call
INTERNATIONAL -- ASIAN COVER STORY
Mitsubishi's Mr. Fix-It? DaimlerChrysler's Eckrodt has only a short time to save Mitsubishi Motors
INTERNATIONAL -- EUROPEAN COVER STORY
Renegade Ryanair Can CEO Michael O'Leary capture the Continent?
BUSINESS WEEK E.BIZ
Business Week e.biz
In the latest supplement: The BW e.biz 25 -- leaders who'll influence e-biz for years to come. All 25 profiles, plus an extensive selection of online extras and Q&As, and all the usual BW e.biz departments
UP FRONT
Talk Show
Are We Seeing the Economy Straight?
Professor Gore Makes the Grade
Another Vineyard on the Barbie
Where Smaller Is Better
Where Have All the Pay Phones Gone?
How to Jump the Line at the Movies
As the Downturn Turns
Footnotes
EDITOR'S MEMO
An E-Preview of B-Schools
READERS REPORT
Who's to Blame for the Telecom Meltdown?
How to Keep Nuclear Plants Humming
If the Green Carrot Works, Who Needs the Stick?
Treat Internet Info Just Like Credit-Card Data
Back to the Drawing Tablet for These Computers
A New Source of College Funds? I'll Buy That
CORRECTIONS & CLARIFICATIONS
"In need of a recharge" (International Business, May 7, 2001)
"Go Ahead: Read My Card" (Up Front, Apr. 30, 2001)
BOOKS
Walking in Darwin's Footsteps
TECHNOLOGY & YOU
Sony's Handheld Gets Best of Breed
ECONOMIC VIEWPOINT
What Business Should Be Telling the President
ECONOMIC TRENDS
A Phony Negative Savings Rate
The Last Step Up Is a Big One
London Digs Are the Dearest
INDUSTRY INSIDER
Q&A: How Dell Keeps from Stumbling
INDUSTRY MONITOR
"I Just Want to Say Two Words: Plastics and Clay"
How Big a Debt Do We Owe to Plankton?
Lean Rewards
Innovations
BUSINESS OUTLOOK
U.S.: Will a Rainy Second Quarter Make for a Sunny Second Half?
The Euro Zone: Inflation Paralyzes the ECB
NEWS: ANALYSIS & COMMENTARY
The Energy Crisis: Dark Days Ahead?
Commentary: Why We Need to Simplify Fuel Standards
Commentary: Don't Write Off Energy Conservation, Mr. Cheney
Energy IPOs: A New Blockbuster on Wall Street
The Road Looks Rougher for Motown--and the Economy
Commentary: Predatory Pricing: Cleared for Takeoff
How the Super-Rich Lucked Out Twice
What Does This Town Need? New Senators
IN BUSINESS THIS WEEK
Alan Feldman: McDonald's Just Supersized His Order
Going, Going, Gone--to Trial?
Intermission Time at BMG
A Bumpy Ride at Evenflo
Better Chemistry Yields Pink Slips
You Gotta Have a Catalog
Et Cetera...
What a Price
WASHINGTON OUTLOOK
Bush's Accidental, Unprepared, Hugely Successful First 100 Days
Speedier Generics?
Weakening Securities Rules
Retirees Unite!
INTERNATIONAL BUSINESS
Missile Shield--or Red Flag?
COMMENTARY: It's Rocket Science--and That's Not Good
Can Koizumi's Team Keep Him Riding High?
MARKETING
Miller's Genuine Drought
THE CORPORATION
Boston Market: There's Life in the Old Bird Yet
PEOPLE
Leonard the Giant Killer?
RESUME: Leonard D. Schaeffer
SOCIAL ISSUES
The Shape of School Reform
ENTERTAINMENT
This Pearl Harbor Looks Like a Victory
INFORMATION TECHNOLOGY
If Anyone Can Save Excite...
FINANCE
Funds Just Aren't Having Any Fun
While Rivals Struggle, Fidelity Sharpens Its Technology Edge
Technically Speaking, the Market Looks Good
INDUSTRIAL MANAGEMENT
The Greening of the Wasteland
Some Plants Really Dig Poisoned Soil
SCIENCE & TECHNOLOGY
Commentary: The Future of Optical Chips Is No Illusion
DEVELOPMENTS TO WATCH
Bionic Lungs Coming?
Mining Electricity
The Body's First Line of Defense against Cancer
Knowing When the Satellite Is Running on Empty
BUSINESSWEEK INVESTOR
Taking the Measure of a Stock
Hasta la Vista , Baby
When Do-It-Yourself Isn't Good Enough
THE BARKER PORTFOLIO
What's Instinet Worth to You?
INSIDE WALL STREET
Plumped-Up Furniture?
Jones Apparel Steps Out in Style
AOL Discovers Hollywood Media
FIGURES OF THE WEEK
Figures of the Week (.pdf)
EDITORIALS
Time to Cut the Accounting Shenanigans
Missile Defense: A Tricky Course
INTERNATIONAL -- LETTER FROM VIEQUES
The Fight against War Games in Paradise
INTERNATIONAL -- SPOTLIGHT ON SOUTH KOREA
Tours to the North Are in Trouble...But Will They Get a Lifeline?
INTERNATIONAL -- READERS REPORT
Is Spying the Right Way to Deal with China?
Europe's Pension Woes: Immigrants Are the Answer
Price Controls Take the Power out of the Market
Singapore Isn't Stalled Anymore
The Mideast Tragedy Has Many Acts Remaining
Exxon Mobil Should Pony Up to Save the Tigers
Import Tariffs Shouldn't Soak the Poor
INTERNATIONAL -- ASIAN BUSINESS
Indonesia: The Plot Thickens, and the Economy Dangles
INTERNATIONAL -- EUROPEAN BUSINESS
Why Germany and France Are Veering Left
Did a Business Leader Demand Too Much, Too Soon?
Commentary: How to Fight the Fear of Growth
"You've Got to Be Crazy Not to Buy a Diesel" (int'l edition)
The Handhelds Get a Grip
INTERNATIONAL -- FINANCE
Who'll Take Charge in Frankfurt?
Walloped by the "Super Peso"
"I'll Trade You a Baby Crib for a Buzz Saw"
INTERNATIONAL -- INT'L FIGURES OF THE WEEK
International Figures of the Week (.pdf)
INTERNATIONAL -- EDITORIALS
Why Not a German Model for Europe?
ARTICLES PREVIOUSLY PUBLISHED IN INTERNATIONAL EDITIONS
May 7, 2001
Did Brazil's Lights Just Flicker?
Online Highlights from page 12 of this issue
Magazine Forums
Cover Illustration by Adam Niklewicz
Asian and Latin American Cover Photograph by Tom Wagner/Corbis Saba
European Cover Photograph by Steve Pyke; Clouds by Ken Reid/FPG, Photocomposition by Richard Michiel
For articles in the May 14, 2001 domestic edition previously published in international editions
SPECIAL REPORTS
Best Global Brands
These 100 brands are among the world's most recognized—and most valuable
Best Places to Launch a Career
We canvassed career-services directors, employers, and students to rank the best companies for recent graduates
BusinessWeek 50
Our picks of the top-performing companies from the S&P 500. Plus, regional rankings for Asia and Europe:
Asia's BusinessWeek 50
Europe's BusinessWeek 50
Customer Service Champs
Companies that excel at pleasing customers, based on J.D. Power & Associates customer satisfaction data and our own reader survey
Hot Growth 100
From young, upstart companies to those that have been around for centuries: Plus, regional rankings of top-performing small businesses in Asia and Europe:
Asia's Hot Growth 100
Europe's Hot Growth 100
Info Tech 100
Emerging-market cellular players, wireless phone and gear makers, and Web giants are this year's stars
World's Most Innovative Companies
Nurturing, creative cultures allow these companies to wow customers with innovative products and services
More Special Reports