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StrategyDriven Editorial Perspective – Panic of 1907 vs Great Recession of 2008

Strategy Driven

Morgan, were unable to value the trusts, and refused to ‘bail out’ Knickerbocker. Unregulated and a relatively new innovation, trusts were the ‘ toxic assets ‘ of the 1907 crises. Senior executives in 2008 were not interested in rendering an inconspicuous service to the financial interests of the country.

Banking 50
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Research: CEOs with Diverse Networks Create Higher Firm Value

Harvard Business Review

For example, firms with better-connected CEOs can obtain cheaper financing , and firms with well-connected board directors see better performance. Our study , published in the Journal of Corporate Finance, found that CEOs with strong connections to people of different demographic backgrounds and skill sets create higher firm value.