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Reports that the rewards of board of directors have raised questions on whether they are doing their jobs well. Motivation of a board member to get tough with their chief executive officer; Poor performance of some directors; Incentives for board members.

Probes the business wisdom of Peter Drucker. Drucker's intellectual integrity; His views on the current enthusiasm for computers in business; The problem of inflated executive salaries; The discontent of middle management; The emergence of a new multinationals; His disregard for the celebrity super-rich like Bill Gates; Forecasting of Japan's future.

Looks at how the international capital markets behaved from January to October 1998. Efforts by investors to take advantage of the low valuation of the Japanese currency; Events that caused volatility in the markets; Rate of the Japanese yen versus the United States dollar; Flight to liquidity; Decline in value of emerging-market debt, junk bonds and Treasury paper.

Presents the views of Barrie Wigmore of Goldman Sachs regarding the stock market as of October 12, 1998. The current market an adjustment of expectations; Shrinking of real corporate earnings; Balanced devaluation; Turmoil in developing nations; Positive aspects to the economy; Historical observations about bad stock market crashes; His expectations for the market's recovery; His sales and purchases.