Magazine

Corrections & Clarifications


"Praying for Success in Shanghai" (What's Next, July 14 & 21, 2008)

A table accompanying "Praying for Success in Shanghai" (What's Next, July 14 & 21) erroneously stated that Richard Chang, CEO of Semiconductor Manufacturing International (SMI), was born in Taiwan, where he was raised. He was born in Nanjing, China.

"Bad Report Card for a Tutoring Business" (What's Next, July 14 & 21, 2008, print edition)

A caption for a photograph accompanying "Bad Report Card for a Tutoring Business" (What's Next, July 14 & 21) mistakenly implied that Kaplan closed half of its SCORE! educational units after these tutoring centers suffered a 46% revenue drop. Sales fell following the closures.

"Ruined by 401(k) Predators" (Annual Retirement Guide, July 14 & 21, 2008)

"Ruined by 401(k) Predators" (Special Report, July 14 & 21) misstated the amount of money expected to shift from pension funds and 401(k) accounts into the hands of new retirees. Roughly $5.1 trillion will change hands by 2011, according to Financial Research Corp. Some $20 trillion will roll over by 2046, according to Morgan Stanley (MS).


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