The bottom line

The myth of the paperless office; Goldman Sachs unloads Backpage.com; Mr. Quaker Oats gets a facelift; PetroChina overtakes ExxonMobil; Uproar over pink slime leads to bankruptcy

The myth of the paperless office

So much for the paperless office. The average American consumes the paper equivalent of five and a half 40-foot trees every year. Belgium, where the EU bureaucracy translates reams of documents into 23 languages, consumes a world-beating 8.5 trees per person annually.

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