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Too Big to Manage: JP Morgan and the Mega Banks

Harvard Business Review

Many other major financial institutions — Bank of America , Citigroup, HSBC, Barclay’s, Wells Fargo, UBS, etc. But, at the end of the day, it is bank leaders and employees who must take the right business, legal and ethical actions under existing law. JP Morgan is the biggest of them all with $2.3 trillion in assets ,$1.1

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Case Study: How Hard Should You Push Diversity?

Harvard Business Review

It had appeared in a special online supplement of Businessweek on the subject of diversity, and it concerned the company's efforts to increase female and minority representation in management. Charles Begley, GlobeBank's managing director of diversity recruiting, was already reading it onscreen, dumbfounded. "We

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Managing Risks Means Managing Arguments

Harvard Business Review

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. The words "risk management" usually evokes less subjective, more data-driven pursuits.

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Talent Management: Boards Give Their Companies an "F"

Harvard Business Review

Not innovation, risk management, technology, debt, or the regulatory environment. Corporate directors identified talent management as their single greatest strategic challenge. In fact, in two practices in particular — "firing" and "leveraging diversity" — many companies fail dismally. Not competitive threats.

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Innovation Should Be a Top Priority for Boards. So Why Isn’t It?

Harvard Business Review

In contrast, 70% of respondents think their boards have effective processes for staying current on the company; 69% for compliance; 66% for financial planning; and 55% for risk management — although we should note that managing risks is a crucial consideration when pursuing innovation.

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Joining Boards: It's Not Just Who You Know That Matters

Harvard Business Review

Both paths are problematic — neither is particularly transparent or relies on objective measures and given that many boards are stubborn bastions of white masculinity, pursuing the "right" network can be fraught, especially for women and other diverse candidates. banking & financial services, insurance, real estate); Health Care (e.g.,

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Jamie Dimon’s Pay Raise Sends Mixed Signals on Culture and Accountability

Harvard Business Review

Similarly, commentators have been divided about whether the raise was deserved or not, citing both economic performance (2013 was about the same as 2012) and Dimon’s handling of diverse legal and regulatory issues for support. The bank earned about $18 billion, down from $21 billion the year before.