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Why Are Some Sectors (Ahem, Finance) So Scandal-Plagued?

Harvard Business Review

This pact follows a February 2012 agreement between B of A, Citi, JPM, Wells Fargo and Ally with State Attorneys General and federal authorities to pay $26 billion for similar failings. billion to homeowners. Other banks are considering whether to join the agreement (e.g. Ally Financial and HSBC Holdings).

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Are CEOs Overhyped and Overpaid?

Harvard Business Review

bright- and dark-side personality, values, and reputation) and meaningful measures of organizational outcomes (culture, profits, turnover, etc.). Second, as a 20-year review from 1993 to 2012 showed, CEOs’ judgment affects key strategic and managerial processes , such as staffing, financing, and marketing decisions.

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A Board Member’s Guide to Corporate Political Spending

Harvard Business Review

These risks extend to a company’s reputation, its employee relations, its customer and shareholder relationships, its legal footing, and attainment of its business strategies. million in the 2006 off-year cycle to more than $300 million in the 2012 presidential cycle. Consider what Aetna faced in 2012. million to the U.S.

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Serving on Boards Helps Executives Get Promoted

Harvard Business Review

More than 25 years ago, William Sahlman wrote the HBR article “Why Sane People Shouldn’t Serve on Public Boards,” in which he compared serving on a board to driving without a seatbelt, that it was just too risky—to their time, reputations, and finances—for too little reward.

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Understanding the Drivers of the Patient Experience

Harvard Business Review

A 2012 industry survey asked top hospital leaders (CEOs, COOs, and others) what was necessary to improve the patient experience. Two, leadership rounds are an important means of exposing non-medical leaders in finance, operations, and other areas of the hospitals to the front lines of patient care.