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Just How Useless Is the Asset-Management Industry?

Harvard Business Review

Writing under a pseudonym in the Financial Analysts Journal in 1960, mutual fund executive Jack Bogle made "The Case for Mutual Fund Management." trillion in assets in 2010, up from $25.8 Malkiel is basically saying that the asset-management industry has no economic justification for being as big and rich as it is.

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How CFOs Can Take the Long-Term View in a Short-Term Economy

Harvard Business Review

As head of the world’s largest asset manager, with $4.6 ” Backing this up is another group of asset managers who have committed $2 billion to invest in a newly created S&P Long-Term Value Index , a subset of companies doing things right. “If you don’t like our strategy,” he told them.

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At Olympus and Goldman Sachs, Two Very Different Whistleblowers

Harvard Business Review

This led to guilty pleas in September by the company and its former board chair, executive vice-president, and auditor. In contrast to Olympus CEO Woodford, Smith was a middle level employee, an executive director and vice president in Goldman's London office selling U.S. They are awaiting sentencing.