Harvard Business Review

MAY 9, 2012

1) Believe in your power to make markets efficient — but abandon the efficient market dogma. The global financial markets are an extraordinary information processing engine. Assuming the market is perfectly efficient, it appears, merely damns it to inefficiency. There can be no contradiction, or so the theory goes.

Marketing 11

Marketing Power Short-term Long-term 11

Harvard Business Review

SEPTEMBER 20, 2017

Remarkably, Prime Minister Shinzo Abe has embraced shareholder activism, in a bid to encourage the adoption of his corporate governance reforms, a central part of his economic policy platform. They seek to win management over by sharing well-researched analysis and connecting them to a network of potential partners.

ROE 8

ROE Construction Hedge Policies 8

Harvard Business Review

JANUARY 3, 2017

Retailers such as ALDI and Walmart have used price to position themselves against traditional competitors in their markets, pinching margins all around. Financial asset managers have been out-price-cutting one another in exchange-traded funds in a bid to gain market share. Improving perception.

Price 14

Price Retail Discount Tactics 14

Harvard Business Review

MAY 30, 2013

One key reason for shareholders'' positive tone is that the stock market has been doing well. Malkiel argues that most of the gigantic growth in asset-management-industry profits since 1980 "is likely to represent a deadweight loss for investors." That''s up from 69% in 2012 and 2011. Since say-on-pay hit the U.S.

Hedge 8

Hedge Asset Management Incentives Outsourcing 8

Harvard Business Review

JUNE 13, 2012

Set clear policies. For enterprise risk management, key policies include a statement of risk appetite and explicit risk tolerance levels for critical risks. The company's performance measurement and incentive systems, and the degree to which risk management is considered, will also have a profound impact on employee behavior.

Management 12

Management Banking Committee Risk Management 12

Harvard Business Review

JANUARY 16, 2018

The truth is that the worlds of activism and impact investing are converging much more swiftly than most people realize — and this union holds enormous promise for those who wish to see the creation of capital markets that support sustainable economic development. A main explanation is that, as always, they are following the money.

Hedge 9

Hedge Long-term Short-term Letter 9

Harvard Business Review

MAY 8, 2014

Your best marketer? AllianceBernstein (AB), a $3 billion asset management company based in Manhattan, rates each of its 3,700 employees every year on both performance and potential. Only the arrival of a new CEO led to a change in the policy — and an eventual uptick in the company’s talent base and performance.

Human Capital 8

Human Capital How To Engineering Asset Management 8

Harvard Business Review

OCTOBER 24, 2016

But almost none of these institutional-investment giants have any policies in place for monitoring or engaging with the startups who are creating next-generation investment technologies. This disconnect is a major problem for the continuing development of efficient capital markets. How is this state of affairs possible?

Operations 8

Operations Intangible Assets Venture Capitalist Hedge 8

Harvard Business Review

SEPTEMBER 24, 2014

In July, General Mills — nobody’s idea of a radical company — expanded the pro-climate lobbying group BICEP beyond the usual suspects (Nike, Starbucks, Ben & Jerry’s) to add a distinctly mainstream voice to the call for policies like a price on carbon. Kellogg’s officially joined the group yesterday as well.

IRR 8

IRR Energy Tips Commitment 8

Harvard Business Review

JUNE 12, 2012

Ireland is not a role model for austerity policies, but rather a cautionary tale. Just like Ireland, Spain had a credit boom financed mostly with external debt, which meant that the balance sheets of their banks are now stuffed with bad debts as asset values collapse. Spain is now heading down the same path that bankrupted Ireland.

Real Estate 11

Real Estate Banking Construction Politics 11

Harvard Business Review

JANUARY 4, 2013

"By almost any market test, economics is the premier social science," Stanford University economist Edward Lazear wrote just over a decade ago. The field attracts the most students, enjoys the attention of policy-makers and journalists, and gains notice, both positive and negative, from other scientists.".

Tversky 12

Tversky Crisis Levitt Consensus 12

Harvard Business Review

APRIL 2, 2014

Back in the ‘60s, people developed the capital asset pricing model [CAPM] as a way to do that. You’d have this beta with the market, so you have the riskless rate plus beta times the equity premium. It’s not something that necessarily resonates a lot with people in the markets or people in the world.

CAPM 8

CAPM Discount Price Finance 8

Harvard Business Review

DECEMBER 20, 2011

The ongoing failure of policy at a global level (with the important exceptions of some successes/workarounds such as new mileage targets for cars and trucks and a carbon tax in Australia ). The best analysis of the resource scarcity mega-trend came from asset manager Jeremy Grantham. Right now, the U.S. Nuclear on the outs.

Supply Chain 15

Supply Chain Apparel P&L Long-term 15

Harvard Business Review

JULY 2, 2015

The White House announced a policy change this week, allowing people on tours of the historic residence to take photos and post them to social media during their visits. Before you assume this new policy just means that the First Dogs’ social presence is about to skyrocket, look a bit closer. In part, this is a practical move.

Storytelling 8

Storytelling Brand Content Policies 8

Harvard Business Review

AUGUST 8, 2018

And some companies with employee majority-owned stock programs, such as Publix Super Markets and outerwear maker W.L. The biggest difference is that workers have an important say in who manages them and how profits align with values. The co-op gives lobstermen a way to participate in the wholesale market and to share in the profits.

ESOP 12

ESOP Company Cooper IAM 12

Harvard Business Review

OCTOBER 12, 2017

Yet it is on the basis of the shareholder value principle that corporate boards and courts of law reject the ability of shareholders to influence corporate policy on social issues that shareholders care about. Friedman’s rule has had a big impact on the way companies are managed. The impact extends to asset management companies.

Proposal 8

Proposal Objective Ethics Politics 8