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Leading a Board of Directors

Great Leadership By Dan

Keenly aware that while your title makes you manager, only your team makes you leader. You need them to operate as a great team, not functionaries. Operational boards are more valuable than governance boards. They may be easier to manage, but a lot less effective. But, what about your board? It’s a tough audience.

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How Share-Price Fixation Killed Enron

Harvard Business Review

At the annual conference of the Association of Certified Fraud Examiners late last month, former Enron Chief Financial Officer Andrew Fastow, who served six years in prison for his part in Enron''s deceptions, offered an explanation. So why did Enron go bankrupt? Was it because of the fraud, or was there another reason?

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Stop Budgeting, Start Improving

Harvard Business Review

According to ThedaCare's chief financial officer, Tim Olson , top management viewed it as a significant waste of time. With four hospitals, 22 physician locations, and over 5,000 employees, ThedaCare managers spent 10,000 hours a year to build their budget, and another 10,000 hours to explain, manage, and argue about it.

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What It Takes to Build a Startup into a Brand

Harvard Business Review

His prize, Victoria’s Secret, will generate $8 billion in revenue this year and operates in a dozen countries. From the outset, all three men viewed themselves as serving in multiple roles: founder, custodian, brand manager, chief financial officer, recruiter, and head of consumer insights.

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An Insider’s Account of the Yahoo-Alibaba Deal

Harvard Business Review

In May of 2005, Yahoo CEO Terry Semel, cofounder Jerry Yang, corporate development executive Toby Coppel, and I — I was then chief financial officer of the Silicon Valley internet company — went on what would turn out to be a fateful trip to China. The company was owned by management, venture capitalists, and SoftBank.