Cover by Ken Schwaber

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Wolves at MegaFund

MegaFund is one of the largest fund management companies in the world. Its innovative funds attracted investors more than the funds at any other organization. However, by 1997, Charles Schwab, eTrade, and other financial companies had revolutionized stock trading. Customers could now manage their own fund accounts, buy and sell stocks, and play the margins without personal assistance from professional stock brokers. The Internet and mobile technology had enabled Web, PDA, cell-phone, and voice-response unit functionality. Unfortunately, MegaFund had fallen behind this revolution. Its technology organization was large, bureaucratic, and cumbersome. To make matters worse, it had implemented Capability Maturity Model Level 3 practices ...

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