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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45

Power Point: Appreciate the journey

By
Patricia Sellers
Patricia Sellers
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By
Patricia Sellers
Patricia Sellers
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August 3, 2009, 10:56 PM ET

“If you spend your whole life focused on getting from here to there, then you won’t enjoy the trip.”

– Sallie Krawcheck, suggesting that her move to Bank of America , announced today, isn’t about chasing the golden rung–the CEO job there–but rather about fulfilling a desire “to get back in the fray.”  I’ve known Krawcheck, who had an unpleasant parting with Citigroup last fall, for many years. And though I don’t doubt her ambition to rise to the top level, I think she’s more motivated to be a role model for her industry–in her case, managing investors’ wealth–than to be a big-bank boss, which isn’t very fun these days anyway. Who would want to be BofA CEO Ken Lewis, after all? The candidates are nevertheless lining up. For more on who they are and on Krawcheck’s reemergence, read “Behind Sallie Krawcheck’s move to BofA.”

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By Patricia Sellers
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