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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. However, in situations where a firm must maintain access to capital markets (e.g.

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Why the South Will Lead in the Global Tilt

Harvard Business Review

The center of gravity for jobs, wealth, and market opportunities is moving, disrupting the world economic order as we have known it. They are fiercely focused on operations, because they know that's how money is made or lost. The global tilt is an irreversible shift of economic power from North to South: from the U.S.,

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Stop Budgeting, Start Improving

Harvard Business Review

Instead, companies must make fundamental changes to the way they work — how they market and sell, handle orders, bill for those orders, manufacture and distribute their goods, and serve customers after the sale. According to ThedaCare's chief financial officer, Tim Olson , top management viewed it as a significant waste of time.

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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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Why the South Will Lead in the Global Tilt

Harvard Business Review

The center of gravity for jobs, wealth, and market opportunities is moving, disrupting the world economic order as we have known it. They are fiercely focused on operations, because they know that's how money is made or lost. The global tilt is an irreversible shift of economic power from North to South: from the U.S.,

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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. Things hadn’t gone well up until that point.