article thumbnail

Do Commodities Speculators Make Things Cost More?

Harvard Business Review

The involvement of banks such as Goldman and J.P. Markets that existed mainly for the convenience of industry have become dominated by exchange-traded funds, hedge funds, and investment banks. Ethics Finance Global business' cent per aluminum can. The article is less clear about what brought this on. Morgan in the metals trade?

Cost 8
article thumbnail

How Could I Miss That? Jamie Dimon on the Hot Seat

Harvard Business Review

It's easy to assume that Jamie Dimon, the accomplished CEO of JPMorgan Chase, was simply stonewalling when he claimed that mounting trading losses in his bank were "blown out of proportion" — that he was unaware of how grave the situation really was. But I believe that Dimon literally didn't see perceive disaster unfolding before him.

Banking 10
Insiders

Sign Up for our Newsletter

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

article thumbnail

What an Economist Brings to a Business Strategy

Harvard Business Review

The late Julian Simon (better known, perhaps, for his optimistic views about population growth and resource abundance) thought up the idea for having airlines auction off overbooked seats and persuaded the Civil Aeronautics Board, which used to regulate airlines fares and entry, to permit the idea in the 1970s. Economists and finance.

article thumbnail

The Data Says Climate Change Could Cost Investors Trillions

Harvard Business Review

In a bit of understatement, Simon Dietz of the London School of Economics, the lead author of the report, told The Guardian , “long-term investors…would be better off in a low-carbon world.” And the numbers these banks and academics are coming up with certainly help stir the souls (or wallets) of the investor community.

Cost 8
article thumbnail

The Libor Scandal and the Price of Prosperity

Harvard Business Review

It's not about a bank. Now, let me couch this for you in the human terms of political economy — the terms in which you and I should rightly conceive of an "economy" as the sum of the enduring human good; not merely as a set of pipes for the grease of finance to be injected into. This scandal isn't about price-fixing.

Price 14
article thumbnail

50 Companies That Get Twitter – and 50 That Don’t

Harvard Business Review

The energy, finance, and technology sectors tend to tweet using a male-biased tone of voice. Methodology The Lady Geek “Empathy Quotient” is inspired by Simon Baron Cohen’s “Empathizer” and ‘”Systemizer” model. The algorithm is able to infer gender based on language.