Fortune Magazine Masthead: June 15, 2016 (Volume 178, No. 8)
FOUNDER
Henry R. Luce (1898—1967)
CHIEF CONTENT OFFICER
Norman Pearlstine
CHIEF EXECUTIVE OFFICER
Joseph Ripp
FORTUNE EDITORIAL
EDITOR
Alan Murray
DEPUTY EDITOR
Clifton Leaf
DIGITAL EDITOR
Aaron Task
ASSISTANT MANAGING EDITORS
Leigh Gallagher (Fortune Live), Adam Lashinsky (technology), Brian O’Keefe (international), Patricia Sellers (conferences), Nicholas Varchaver (investigations)
SENIOR EDITORS AT LARGE
Geoff Colvin, Brian Dumaine, Nina Easton
CREATIVE DIRECTOR
Paul Martinez
DIRECTOR OF PHOTOGRAPHY
Mia J. Diehl
EDITORS AT LARGE
Peter Elkind, Roger Parloff (legal affairs), Jennifer Reingold, Shawn Tully
SENIOR EDITORS
Kristen Bellstrom, Scott DeCarlo (lists), Matthew Heimer, Andrew Nusca, Dan Primack, Christopher Tkaczyk
SENIOR RESEARCH EDITOR
Marty Jones
SENIOR WRITERS
Susan Z. Callaway, Erin Griffith, Beth Kowitt, Michal Lev-Ram, Leena Rao
ASSOCIATE EDITOR
Anne VanderMey
WRITERS
Scott Cendrowski, Erika Fry, Robert Hackett, Tory Newmyer, Jen Wieczner
WRITER-REPORTER
Sy Mukherjee
REPORTER
Douglas G. Elam (lists)
CONTRIBUTORS
Sheila Bair, Stanley Bing, Jon Birger, Joshua Brown, John Cassidy, William D. Cohan, Katherine Eban, Ezekiel Emanuel, Dinah Eng, Kate Flaim, Ellen Florian, Edith Fried, Scott Gummer, Verne Harnish, Carol Loomis, Roger Lowenstein, Rita McGrath, Bethany McLean, Jeffrey Pfeffer, Elaine Pofeldt, Becky Quick, Janice Revell, David Sloan, Lawrence J. Shine, Jeffrey Sonnenfeld, Richard K. Tucksmith, Vivienne Walt (Paris)
COPYROOM
Ben Ake (copy chief), Jonathan Brown, Maria Carmicino, Judith Ferbel, Lauren Goldstein, Edward Karam, Kathleen Kent
EDITORIAL ASSISTANTS
Sharon Lawrence (assistant to the editor), Kelly Champion, Zhang Dan (Beijing)
PREMEDIA
Richard K. Prue (executive director), Angel Mass (senior manager)
INFORMATION GRAPHICS DIRECTOR
Nicolas Rapp
ART STAFF
Josue Evilla, Peter Herbert, Michael Solita (art directors)
PHOTOGRAPHY STAFF
Armin Harris (associate photo director), Michele Taylor (associate photo editor), Hildegarde P. Vilmenay (office manager)
FORTUNE.COM
SENIOR EDITORS
Lauren Covello (Venture), Stephen Gandel, Verne Kopytoff, Pam Kruger, Scott Olster, Geoffrey Smith, Nin-Hai Tseng
EDITORS
Daniel Bentley, Stacy Jones (graphics), Rachel King, Polina Marinova (Venture), Tom Ziegler
SENIOR WRITERS
Barb Darrow, Katie Fehrenbacher, Mathew Ingram, Aaron Pressman, Phil Wahba
AUDIENCE ENGAGEMENT EDITORS
Will Federman, Wendy Frink, Zak Middelmann
WRITERS
Laura Entis, Ben Geier, Tom Huddleston Jr., John Kell, Kia Kokalitcheva, Laura Lorenzetti, Christopher Matthews, Jeremy Quittner, Jeff John Roberts, Lucinda Shen, Jonathan Vanian, Valentina Zarya, Claire Zillman (London)
ASSOCIATE EDITOR
Benjamin Snyder
PRODUCERS
Christina Austin, Burcu Noyan
INTERACTIVE DESIGNER
Analee Kasudia
PHOTO EDITOR
Kacy Burdette
VIDEO
Mason Cohn (senior producer), Megan J. Arnold, Sara Haralson, Chris Joslin, Stephen Valdivia (associate producers)
THE FORTUNE | MONEY GROUP
GROUP PUBLISHER, FORTUNE
Meredith R. Long
ASSOCIATE PUBLISHER, FORTUNE
Jorg Stratmann
CHIEF MARKETING OFFICER
Michael Joseloff
VICE PRESIDENT, SALES, LIVE MEDIA
Peter Granath
VICE PRESIDENT, GENERAL MANAGER, DIGITAL
Kurt Fulepp
VICE PRESIDENT, DIGITAL
Howard Manus
ADVERTISING SALES
ATLANTA/WASHINGTON, D.C.: Jennifer Werner (executive director), Abraham Villaran-Faiz
BOSTON: Melissa Moore (executive director), Kristen Quinn
CHICAGO: John Winterhalder (director), Sarah Matteson, Leah Root, Laurie Minor
DALLAS: Julie Lee (Neese & Lee)
DETROIT/CANADA: John Wattles, Amy Simer
LOS ANGELES: Drew Pederson, Lewis Newmark
NEW YORK: Jody Reiss (executive director), Tim Mullaly, Will Cusack, Hannah Showak, Dana Matesich, Mark Isik, Sarah Weitzman, Caren Kabot, Melissa Tacchi, Sarah Mcavoy, Lian Weinstein
INTEGRATED MARKETING
Shannon Hollingsworth (executive director), Sheyna Bruckner (director), Jackie Amato, Veronica Clerkin, Christine Fulgieri, Tess Konter (senior managers), Jourdan Cohen (manager), Adriana Schwarz (assistant)
ACCOUNT MANAGEMENT
Lisa Horstmann, Colleen Tully, Karen Szeto
BUSINESS DEVELOPMENT
Parinda Muley
CREATIVE SERVICES
Joe Alesi (executive creative director), Clarice Lorenzo
LIVE MEDIA
Delwyn Gray (senior executive producer), Jennifer Current, Emily Kinney, Megan Marcel, Cindy Shieh, Kristin Smith, Virginia Slattery
CONSUMER MARKETING + REVENUE
Ann Marie Doherty, Lydia Morris, Stephanie Solomon (VPs), Eric Szegda (VP, Retail), Andrejs Lazda, Steven Mastrocola, Randi Erber, Nicole Padovano, Christina Mejia, Nicole Zingaro
EUROPE: Harvey Gidley (associate circulation director)
HONG KONG: Rick Kam, Susie Pattison (directors)
CONSUMER INSIGHT
Barry Martin (vice president), Andrew Borinstein (executive director), Joel Kaji (senior director), Mac Dixon (senior research manager), Brian Koenig (senior associate research manager), Rachel Lazarus (associate research manager)
COMMUNICATIONS
Kerri Chyka (vice president), Erin Madigan White (director), Ashley Calame (associate director), Raina Dembner (publicist), Hailey Murphy (coordinator)
FINANCE
Wajeeha Ahmed (vice president), Wynne Wong (vice president), Arbena Bal (associate director), Paula Esposito, Catherine Keenan, Dan Torockio (managers), Jessica Piro, Paul Yoo
PRODUCTION
Carrie Mallie (senior director), Valerie Langston (director), Gary Kelliher, Elizabeth Mata (managers), Shaik Aashiq (specialist), Nelson Luk (director, Asia)
BRANDED CONTENT SOLUTIONS
Gregory Leeds, Jamie Waugh Luke, Ron Moss, Cindy Murphy, Christiaan Rizy (directors), Joel Baboolal, Melissa Brice, Blair Stelle
DIGITAL PRODUCT, DESIGN, AND ENGINEERING
Shameel Arafin, Aleksander Mielczarek, Sean Villafranca, Brett Krasnove, David Oh
SENIOR VICE PRESIDENTS, CONSUMER MARKETING
Jeff Blatt, Stephen Selwood
SENIOR VICE PRESIDENT, COMMUNICATIONS
Daniel Kile
SENIOR VICE PRESIDENT, FINANCE
Alison Fried
VICE PRESIDENT, LIVE MEDIA
Lisa Cline
VICE PRESIDENT, OPERATIONS
Robert Kanell
VICE PRESIDENT, HUMAN RESOURCES
Roxanne Flores
DEPUTY GENERAL COUNSEL
Amy Glickman
TIME INC.
EXECUTIVE VICE PRESIDENTS
Jeff Bairstow, Rich Battista, Mark Ford, Greg Giangrande, Lawrence A. Jacobs, Steve Marcopoto, Erik Moreno, Evelyn Webster, Jennifer L. Wong
REVENUE & INNOVATION
Mark Ellis (president and chief operating officer), Brendan Ripp (president, technology/telecommunications category), Greg Schumann (president, pharmaceutical category), Andy Blau (senior vice president), Matt Bean (senior vice president, editorial innovation), Lauren Newman (vice president, sales), Dan Realson (vice president, digital), Cara Deoul Perl (vice president, creative director), Steve Cambron (vice president, marketing ad solutions), Christine Wu (vice president, strategic client solutions), Lori Dente (vice president, finance), Caryn Klein (vice president, research & insights), Nancy Mynio (vice president, digital ad operations), Kavata Mbondo (vice president, yield and programmatic), Lori Kaplan (executive office manager)
INTERNATIONAL
Eric Danetz (senior vice president and group publisher), Marty Gardiner (senior vice president, finance and operations), Jim Jacovides (senior vice president, partnerships, licensing and development), John Marcom (senior vice president, strategy and business development).
Advertising Sales: Ang Khoon Fong (vice president, North Asia), Tim Howat (vice president, Southeast Asia), Rupert Turnbull (vice president, EMEA)
TECHNOLOGY AND PRODUCT ENGINEERING
Kurt Rao (senior vice president), Alam Ali, Linda Apsley, Adam Days, Robert Duffy, Amanda Hanes, Kevin Heery, Hugues Hervouet, Simon Loxham, Leon Misiukiewicz, Keith O’Sullivan, Dagny Prieto, Ben Ramadan, Raji Ramamoorthy, Brian Reiss, Paul Rivenburg, Ashis Roy, Jason Stein (vice presidents)