Envy Rob Katz. Not because, as a junior partner at private-equity firm Apollo Advisors in 1991, he was elected to his first board of directors seat before his 25th birthday. And not because, after a decade doing billions of dollars in deals for his first boss, the legendary financier Leon Black, Katz all but retired at age 36. He left New York City with his wife and two young sons soon after 9/11 and bought a big house in Boulder, Colo., where he spent much of the next four years indulging his passion for cycling.
Change or Die: How often have employees heard that mantra from their boss? But in the book of the same name, Fast Company senior writer Alan Deutschman explores how difficult change is even for those facing likely death, such as criminals and heart disease patients. Remarkably, he finds that the odds—including for those facing the real choice and not just hyperbolic cheering from the corporate sloganmeister—can be overwhelming.
Palo Alto, Calif.—It seems to happen every day. A meeting is called to outline a new strategy or sales plan. Down go the lights and up goes the PowerPoint. Strange phrases appear—"unlocking shareholder value," "technology-focused innovation," "maximizing utility." (What does that mean?) Lists of numbers come and go. Bullet point by bullet point, the company's goals float across the screen. Eyes glaze over.
AP - The House on Friday overhauled the board supervising its teenage pages, responding to a scandal that left youngsters vulnerable to a lawmaker's sexual come-ons and helped Democrats win control of Congress.
AP - Former Republican Rep. Bob Ney was sentenced to 2 1/2 years in prison Friday for trading political favors for golf trips, campaign donations and other gifts in the Jack Abramoff lobbying scandal.
AP - The top U.S. commander in Iraq predicted Friday that some of the extra troops President Bush is sending could make an impact and start returning home by late summer, an optimistic note in contrast to skepticism of the plan back home.
The 15-year-old boy abducted in 2002 and found last week is willing to testify against his alleged kidnapper in court, his parents say. He was found with another boy who was abducted last week. Shawn Hornbeck was 11 when he was snatched while riding his bike near his rural Missouri home. His mom urged the accused kidnapper to do what's necessary to keep the boys from having to testify.
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