article thumbnail

Has Jim Goodnight Cracked the Code of Corporate Culture?

Michael Lee Stallard

Published by Michael Lee Stallard on June 18, 2010 09:30 am under E Pluribus Partners , Media Appearances , connection culture , employee engagement Today, The Economic Times in India published an article I wrote about Jim Goodnight and SAS Institute. Unfortunately, most leaders have a blind spot when it comes to these areas.

article thumbnail

JP Morgan's Loss: Bigger than "Risk Management"

Harvard Business Review

The recent disclosure of a multi-billion dollar trading loss at JPMorgan Chase reminds us again of the challenge and complexity of risk management, the subject of our June 2012 HBR article, "Managing Risks: A New Framework." Each requires customized risk management processes.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Has SAS Institute’s Goodnight Cracked the Code on Corporate Culture?

Michael Lee Stallard

Recently, SAS was named number 1 on Fortune’s “100 Best Companies to Work For” list for 2010. He spoke of using parallel processing, a form of artificial intelligence, to create new solutions that address thorny risk management issues faced by financial services institutions such as banks and insurance companies.

Software 287
article thumbnail

Managing Risks Means Managing Arguments

Harvard Business Review

The tick-borne illness kept JPMorgan Chase's Ina Drew out of the office for extended periods in 2010 and 2011. And it was during Drew's absences, according to a richly detailed account in The New York Times , that the bank's chief investment office, which she ran, began to get into trouble: The morning conference calls Ms.

article thumbnail

Can JP Morgan Transparently Police Itself?

Harvard Business Review

boss, Ina Drew , the former head of their unit in of the bank's, the Chief Investment Office (CIO); and CEO Jamie Dimon, to whom the CIO reported who oversaw the CIO. Drew quickly retired after the losses, and Iksil and Macris are, according to news reports, leaving the bank.

CIO 8
article thumbnail

Don’t Blame the Apple and Exonerate the Tree

Harvard Business Review

That comes after a nearly $1 billion deal just a few days ago to end civil investigations into several matters including the bank’s multi-billion-dollar “ London Whale ” trading loss. Then there are the two former bank employees that authorities have been trying to arrest ( one successfully ) for their roles in the London Whale events.

Banking 10
article thumbnail

Do Lawyers Make Better CEOs Than MBAs?

Harvard Business Review

A nearly $150 million settlement is pending for the fake-account scandal that roiled the bank last year, and a new scandal has emerged: Recently it has been alleged that thousands of customers were signed up for insurance without their knowledge. ’s largest banks? What explains the divergence in the fortunes of two of the U.S.’s

CEO 8