Intimidating, relentless and rich. That, in a nutshell, is Carl Icahn. His investment strategy is simple: find a company he thinks is poorly run and then start buying up shares of its stock. Then, start agitating until changes are made. Along the way, the companies he chooses generally start improving, improving his bottom line over and over. Lesley Stahl has his story.
We all know how ships are born, but few of us know how they die, and hundreds of ships meet their deaths every year, from five-star ocean liners to grubby freighters. The ships are literally dumped with all their steel, their asbestos and their toxins on the beaches of poor countries like Bangladesh. It's dirty, backbreaking work. Join correspondent Bob Simon for a journey into the world of the ship breakers.
How do you view the humble penny? A small part of bigger things? A useless drag on your pocket or purse? Factor this into the equation: it actually costs more to make a penny than the penny is worth. Has the time come to eliminate the simple cent? Morley Safer explores both sides of the argument.
By now, everyone has heard of "the subprime mortgage meltdown." It began in the U.S. but its effects are worldwide. Banks lent hundreds of billions of dollars to homebuyers who can't pay them back. Wall Street took the risky debt, dressed it up as fancy securities, and sold it around the world as safe investments. Steve Kroft focuses on one hard hit city: Stockton, California.
Meet Mark Zuckerberg, the 23-year-old Harvard dropout behind the Internet phenomenon Facebook. Since Facebook's creation four years ago, some 60 million people have already signed up, and that number is expected to grow to 200 million by the end of 2008. Lesley Stahl has the story.
Move over Generation X! The "Millennials" are here and they're taking over the American workplace. There are about 80 million of them - born between 1980 and 1995 - and they approach business in revolutionary new ways. They need pampering, some say coddling, and if you don't tell them what they want to hear, they're gone! Come along as Morley Safer walks a mile in their flip-flops.
What are the pros and cons of buying and selling your home on the Internet? Correspondent Lesley Stahl looks at the online real estate market in the high-tech mecca of Seattle, Washington.
How would you like a minimum 5 weeks paid vacation and a maximum 35-hour work week? As Lara Logan reports, that's the system the French have right now. But before you get too envious, there are some big changes on the way for the land of the baguette and the beret. Newly elected president Nicolas Sarkozy is vowing to make France more like the U.S.
Technology was supposed to make life easier. But in the wired world of the 21st century, many Americans find they are working 24/7. Correspondent Lesley Stahl looks at this brave new world in which a baby's favorite toy is a BlackBerry and a conference call takes place in a shower.
Who would have believed that Americans would line up by the millions to pay four bucks for a cup of coffee? 60 Minutes Correspondent Scott Pelley went behind the scenes to find out the secrets of Starbucks.
Lesley Stahl goes behind the scenes at Netflix, a company that rents movies by mail. She talks with Netflix founder Reed Hastings, a one-time math teacher, whose company now rakes in about $50 million a month. But will Netflix survive the coming challenge of the Internet, which will allow consumers to download movies to watch at home?
Whether we knew it or not, sometime during the past ten years most of us surrendered a big chunk of our lives to computers and chip-driven devices. Today, many of us are in way over our heads when it comes to the computers, cell phones and BlackBerrys we seemingly cannot live without. Have we become slaves to high technology? Steve Kroft has a reality check.
As Chief Executive Officer of Tyco International, Dennis Kozlowski became famous for spending $6,000 on a shower curtain and throwing a $2 million Roman toga birthday party for his wife. Today, Kozlowski is serving a prison sentence that could last 25 years, convicted of stealing more than $100 million from the company. In an exclusive interview with Morley Safer, Kozlowski speaks for the first time.
Lesley Stahl's exclusive interviews with former Hewlett-Packard Chairman Patricia Dunn and Carly Fiorina, the former HP CEO.