Want to know how Hollywood denizens such as Kevin Bacon, Steven Spielberg and Jeffrey Katzenberg were suckered by Bernard Madoff's alleged $50 billion Ponzi scheme? Because they entrusted their finances to personal business managers, a quasi-profession with too many practitioners who don't know that they're doing, writes Amy Wallace in Condé Nast Portfolio. The nature of film and TV production makes them indispensible. "It's difficult to keep one's financial affairs in order while, for example, shooting a movie three months in a Bolivian jungle," Wallace writes.
Recession's long-term effects
At some point the global recession will end, but its consequences will be with us for a while, says the latest edition of Foreign Policy magazine. It predicts what's in store in The Long Legs of the Crash: 13 Unexpected Consequences of the Financial Crisis. Our favorite: No. 5, Glory days for evangelicals.
By Gary Rawlins
WHAT I READ
Jeffrey Hollender is president — and what he calls "Chief Inspired Protagonist" (CEO to others) — of Seventh Generation. The company describes itself as the nation's leading brand of environmentally friendly household products and takes its name from the Great Law of the Iroquois: "In our every deliberation, we must consider the impact of our decisions on the next seven generations." He is the author of several books, including What Matters Most and Naturally Clean. He lives in Vermont with his wife and three children.
His three favorite books
If I had to choose one: The Poisonwood Bible by Barbara Kingsolver. Over the past month I've been reading Presence: Human Purpose and the Field of the Future by Peter M. Senge, C. Otto Scharmer, Joseph Jaworski and Betty Sue Flowers. It is like a wonderful meditation. I really enjoyed The Real Wealth of Nations: Creating a Caring Economics by Riane Tennenhaus Eisler, which tackles the ominous gaps in our mental map of what economic theory is all about.
A favorite genre
Novels written for women by women, such as Barbara Kingsolver, Marilyn French, Alice Hoffman, Anna Quindlen, Anita Shreve, even Jodi Picoult and Susan Isaacs. There is no question that the perspective that women have on the world is closer and resonates more with my own. I also like John Fowles, Pat Conroy, John Irving, Tom Wolfe, but they are less prolific.
Books that helped him most in his career
The first few: The Bridge at the Edge of the World: Capitalism, the Environment, and Crossing From Crisis to Sustainability by James Gustave Speth, The Big Squeeze: Tough Times for the American Worker by Steven Greenhouse and Capitalism as if the World Matters by Jonathan Porritt and Amory B. Lovins.
Last book given as a gift
I rarely give gifts, but if I did, I'd give them Presence by Peter M. Senge.
Last book received as a gift
Someone recently gave me a book on how to deal with and stay healthy now that I'm over 50. I haven't read it yet.
His favorite websites
In addition to The New York Times, The Wall Street Journal and the Financial Times, I keep Google advanced search, CNN and Amazon handy.
When does he read?
All the time. I read novels before I go to sleep, newspapers when I wake up and magazines on the weekend.
Why read so much?
It's my favorite and ultimate escape. It is an endless source of ideas and inspiration
By Patricia Gaines, Special for USA TODAY
5 QUESTIONS FOR DAVID RATCLIFFE, CEO OF SOUTHERN CO.