Remove 2005 Remove Finance Remove Operations Remove Short-term
article thumbnail

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. He thought in broad terms about what human beings might do with powerful new tools, and went about creating them. Same for Elon Musk.

CEO 67
article thumbnail

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. Economy Entrepreneurship Finance' So allow me. Much of this is driven by the needs of the financial sector, which itself has consolidated massively.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Apple, Don't Weaken the Garden Walls

Harvard Business Review

In their piece, they observe the following: In the short term, however, the current team might actually outperform in the absence of its mercurial and stubborn mentor. Well, Burrows was converted to the stores, at least: in a glowing 2005 piece, he professed that Apple had discovered what surely must be the future of retail.

article thumbnail

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.

article thumbnail

The Top Five Career Regrets

Harvard Business Review

Disappointment doesn't discriminate; no matter what industry the individual operated in, what role they had been given, or whether they were soaring successes or mired in failure, five dominant themes shone through. As their personal finances shored up, professionals I surveyed yearned for more control over their lives.

Career 8
article thumbnail

Lots of Employees Get Misclassified as Contractors. Here’s Why It Matters

Harvard Business Review

From a practical perspective, removing the guidance changed nothing in terms of employer responsibilities — the law is still the law. of employment in 2005 to 9.6% A recent USA Today investigative report on short haul truckers working in the busy ports of Southern California illustrates this in stark terms.

article thumbnail

The Real Reasons Companies Are So Focused on the Short Term

Harvard Business Review

Some argue that profits are stagnant because of short-termism—that decades of focusing on current profits over long-run innovativeness has resulted, now, in companies that are hollowed out. Most attempts to combat short-termism are flawed because they focus on changing CEO behavior through some combination of pleading and incentives.