AT&T Has Become a New Kind of Media Giant

Bellhead CEO Randall Stephenson is taking on Netflix and Comcast simultaneously. It won’t be easy. On the throne: AT&T CEO Randall ­Stephenson spent more than $170 billion building a content and distribution colossus.Photograph by Brent Humphreys AT&T was not actually acquired by a company called Game of Thrones Corp. earlier this year, though consumers could…

Sears’ Seven Decades of Self-Destruction

Sears’ bankruptcy filing last year sparked torrents of criticism for its current leaders. But the problems that brought down this former Fortune 500 stalwart date way back to the Eisenhower era. Here’s what leaders can learn from an icon’s slow-motion collapse. SIGN OF THE TIMES: A closed Sears location in Nanuet, N.Y., in January. Photograph…