Magazine

"The BusinessWeek 50" (Cover Story, Apr. 3, 2006)


In "The BusinessWeek 50" (Cover Story, Apr. 3), No.49 Hartford Financial Services Group Inc. (HIG) is based in Connecticut, not Maryland.

"The whole truth about options" (Up Front, Apr. 3) misstated that Bank of America Corp. (BAC) listed dollar values for executive stock options for the first time in its 2006 annual proxy. While dollar estimates were newly listed as part of "total compensation" this year, they appear elsewhere in previous company proxies.

"Background checks that never end" (News: Analysis & Commentary, Mar. 20) should have said that John Sculley was ex-president and CEO of Pepsi-Cola Co., not parent PepsiCo Inc. (PEP)

"Rewiring Chuck Prince" (Finance, Feb. 20) should have specified that Citigroup (C) continues to do shipping finance but that it no longer has a separate shipping finance division. Also, in response to a question at a conference about whether Prince would consider dilutive transactions, he said: "The word never is a big word...but in the practicalities of what all of us have to deal with, the chances of that happening are virtually nil."


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