The Dallas-based airline is giving employees a meaningful stake in the company, just as America's earliest presidents probably envisioned.
By Joseph Blasi and Richard Freeman
FORTUNE -- Earlier this week, Southwest Airlines (LUV) announced workers will share in a record $228 million profit-sharing payout this year. That's nearly double the $121 million payout a year ago, and an example to everyone of what American capitalism should be.
Southwest has a long MOREApr 17, 2014 12:09 PM ET
CEO Mary Barra is taking the heat for the carmaker's ignition problems. Why not instead beat up the people who were in charge when the mistakes were made?
FORTUNE -- Timing is everything. Consider, if you will, the story of Mary Barra, the first female chief executive of General Motors, who in less than a month went from pioneer to punching bag. For something that's clearly GM's fault, and some of MOREAllan Sloan, senior editor-at-large - Apr 17, 2014 12:05 PM ET
Campaign Monitor raises $250 million from Insight Venture Partners, six years after the two sides first began discussions.
FORTUNE -- Email marketing and design firm Campaign Monitor yesterday announced that it has raised $250 million in equity funding from Insight Venture Partners, for an undisclosed ownership stake. This deal has been a very long time coming.
Insight first contacted Australia-based Campaign Monitor back in 2008, as the result of an internal program that cold-calls possible MOREDan Primack - Apr 17, 2014 11:42 AM ET
It all depends on which headline you read.
By Nicholas Varchaver, assistant managing editor
FORTUNE -- It's earnings season again, which brings with it the regular wave of news articles about a company's latest results. But in this age of Twitter-sized attention spans and ever-more-compressed reading time, an old phenomenon brings increased peril: headline roulette. Particularly when companies' results are mixed, news outlets tend to spotlight different elements, creating headlines that MOREApr 17, 2014 11:38 AM ET
CEO James Gorman proves that there are, in fact, second acts on Wall Street.
FORTUNE -- James Gorman appears to have found Wall Street's secret sauce.
In a quarter when nearly all of its rivals struggled, Morgan Stanley (MS) reported better-than-expected earnings for the first three months of the year. Profits from continuing operations rose to $1.39 billion, up from $1.18 billion a year ago. Analysts had expected the company to earn MOREStephen Gandel, senior editor - Apr 17, 2014 11:04 AM ET
However much technology has disrupted the retail industry, brick-and-mortar stores are here to stay.
By Barbara Kahn
FORTUNE -- The Internet has upended nearly every industry, but perhaps no category has undergone a more radical transformation than retail. Near-global access to the Internet and speedy adoption rates of smartphones have spawned countless changes to the way we shop and how retailers compete. In the coming years, there will be many more MOREApr 17, 2014 10:59 AM ET
To get deals in your inbox each morning, sign up for our Term Sheet newsletterVenture Capital Deals
Campaign Monitor, a Sydney, Australia-based provider of email marketing and design solutions, has raised $250 million in its first round of outside funding. Insight Venture Partners committed the entire amount, but will syndicate a small piece going forward. No word on if the investments provides Insight with a control position. www.campaignmonitor.com
One Medical Group, a San Francisco-based operator of MOREDan Primack - Apr 17, 2014 10:20 AM ET
Bain Capital already has begun investing from its eleventh fund.
FORTUNE -- Bain Capital has closed its eleventh flagship private equity fund with $7.3 billion in capital commitments, according to a source close to the Boston-based firm. That figure is significantly higher than the $6 billion Bain sought when it began fundraising in the fall of 2012, and includes $800 million from the firm's partners (the most they have ever committed to MOREDan Primack - Apr 17, 2014 7:30 AM ET
Occupy Wall Street rejoice: As more people land jobs, bank earnings are looking down.
FORTUNE -- Here's a switch: The bankers are all of a sudden doing worse than the butchers, the bakers, and the candlestick makers.
On Wednesday, Bank of America (BAC) announced that it had lost nearly $300 million in the first quarter. Analysts were expecting the bank to turn a profit. A year ago, it earned $1.5 billion. Meanwhile, MOREStephen Gandel, senior editor - Apr 17, 2014 5:00 AM ET
Growth concerns aside, Beijing must grapple with an unwieldy shadow banking sector.
FORTUNE -- The Chinese economy hasn't fallen from the tightrope yet.
Markets in Asia rose Wednesday following the release of data showing that the growth of the Chinese economy slowed in the first quarter of 2014 to an annual rate of 7.4% from 7.7% the previous quarter. Though the first quarter saw the slowest growth for the Chinese economy in a year-and-a-half, markets were MOREChristopher Matthews - Apr 16, 2014 2:22 PM ET
|GM's recalled Cobalt was a failure from the start|
|General Mills reverses course on right to sue after backlash|
|Pope Francis challenges the free market - The Buzz|
|Stocks: It's report card time on Wall Street|
|Your Internet security relies on a few volunteers|