Remove 2005 Remove Finance Remove Marketing Remove Short-term
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Are CEOs Really Necessary Anymore?

Strategy Driven

As futurist Ray Kurzweil observed in 2005, in the near future, machine intelligence is going to exceed human intelligence. BDAI (for short) is excellent at making sense out of the current state. Famously, Steve Jobs had no interest in market research when imagining where Apple needed to go next. The second is to lead innovation.

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Five Years After Lehman’s Collapse, Bankers Still Haven’t Confronted Their Biases

Harvard Business Review

In 2005, four dozen senior executives at Lehman Brothers took a decision-making course. Then they rushed back to their headquarters in Times Square and made some of the worst snap decisions in the history of financial markets. But because today’s bankers succumb to short-term bias, they care less about their longer-term reputations.

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Private Equity Can Make Firms More Innovative

Harvard Business Review

If you ask someone who works in finance (as I had to) about PE and innovation, he or she will likely tell you that PE sponsors aren’t looking for the next big thing—they’re looking for companies that are dominant in a market, aren’t risky, and have a predictable and steady stream of cash to pay back debt.

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Why America Is Losing Its Entrepreneurial Edge

Harvard Business Review

Hathaway and Litan stay close to the data in this work and stop short of speculating about causes of this trend. This paper by the Richmond Fed shows how from 1960 to 2005, the U.S. financial services sector went from 13,000 of independent banks to half that number, while the top ten banks grew from 20% market share to 60%.

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Is the Next Karl Marx a Management Consultant?

Harvard Business Review

The new ideology would not see markets as an end in themselves; instead, it would value global trade and investment to the extent that they contributed to a flourishing middle class, not just to greater aggregate national wealth. The problem is that nobody's ever really been able to answer which shareholders, when?

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How Could I Miss That? Jamie Dimon on the Hot Seat

Harvard Business Review

In 2005, Dimon hired Ina Drew to head the company's Chief Investment Office, the unit responsible for the bank's risk exposure. On April 4 of this year, Dimon read a short article in the Wall Street Journal about a JPMorgan trader in London, Bruno Iksil, who was making massive bets that exposed the bank to high levels of risk.

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The New New International Economic Order

Harvard Business Review

Earlier this week, on April 16, the US nominee Jim Yong Kim was selected over Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo. In short, the age of Post-Western globalization is upon us. The choice of who will lead the World Bank has been made.