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

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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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When Treating Workers Well Leads to More Innovation

Harvard Business Review

In a recent working paper , currently under review by the Journal of Corporate Finance, researchers from Monash University and LaTrobe University in Australia compared a common measure of worker treatment to patent data, and found that companies with higher worker treatment scores produced more patents, and more highly cited patents.

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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. Even the supposedly long-term compensation structure of banks – the annual bonus – leads salespeople and brokers to ignore future harm and focus too much on immediate consequences. Finance Recession'

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

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Is the Next Karl Marx a Management Consultant?

Harvard Business Review

A brief sampling: Michael Porter and Mark Kramer's " Creating Shared Value ;" Christoper Meyer and Julia Kirby's " Runaway Capitalism ;" Dominic Barton's " Capitalism for the Long Term ;" the collected works of Umair Haque. in the 1970s and replace it with a simple, decisive credo: Do what benefits shareholders.

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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.