Harvard Business Review

MAY 6, 2016

Four hundred seventy-one companies in the S&P 500 bought back stock last year, and 372 companies expanded their dividends — actions undertaken in spite of the need to invest heavily to keep up with global market changes. How could anyone object to such an effort?

Long-term 8

Long-term Incentives Short-term Management 8

Harvard Business Review

MAY 9, 2016

Hedge fund activist Bill Ackman posed that question recently in his fund’s annual letter to investors. At the same time, clients withdrew $207 billion overall from actively managed funds, according to the research firm Morningstar. In the same way, index funds don’t selectively buy more shares when managers perform well.

Hedge 8

Hedge Proposal Policies Influence 8

Harvard Business Review

OCTOBER 9, 2015

With Hillary Clinton’s tax proposals to encourage longer-term investing , the debate over whether American business is too fixated on the short term has moved from the dimly lit offices of earnest policy wonks into the klieg lights of U.S. Hedge fund activists loom large in the discussion of short-termism. primary season.

Hedge 8

Hedge Short-term Long-term EPS 8

Harvard Business Review

JUNE 30, 2017

The uncertain nature of trade policy has left many leadership teams reluctant to act. Senior leaders who have learned to manage in uncertainty focus on the few risks that matter most. producers to lower their prices in foreign markets, raising demand for U.S. Options and hedges. political upheaval.

Supply Chain 9

Supply Chain Hedge Automotive Uncertainty 9

Harvard Business Review

JULY 18, 2017

These arguments have proven highly influential and led to several policy proposals to encourage long-term holdings – so-called “patient capital” France’s Loi Florange doubles investors’ voting rights after two years. Critically, short-term selling by shareholders need not entail short-term behavior by managers.

Short-term 8

Short-term Intangible Assets Hedge Long-term 8

Harvard Business Review

SEPTEMBER 20, 2017

CEOs live in fear of activist hedge funds, and politicians worry about their effects on workers. Remarkably, Prime Minister Shinzo Abe has embraced shareholder activism, in a bid to encourage the adoption of his corporate governance reforms, a central part of his economic policy platform. In the U.S.,

ROE 8

ROE Construction Hedge Policies 8

Harvard Business Review

JULY 5, 2018

Unlike a pure holding company or a modern hedge fund, the GE model intended to create value by actively sharing capabilities among its disparate businesses, which, with one important exception, were all rooted in manufacturing. It was developed by Japan and South Korea in the 1980s and is used widely by emerging markets from Brazil to India.

Welch 8

Welch Software Industry Hedge 8

Harvard Business Review

JULY 17, 2018

It’s no wonder, then, that young people are anxious about their ability to compete in the job market. Take Rohit Kumar, the principal and leader of National Tax Policy Services at PWC, where Adam works. Product managers that I previously thought were hopeless became effective.

Skills 15

Skills Morale Ethics System 15

Harvard Business Review

MAY 30, 2013

One key reason for shareholders'' positive tone is that the stock market has been doing well. Say-on-pay is part of a big shift in recent years toward giving professional money managers more tools to affect the governance of (and in some cases discipline the managers of) corporations. That''s up from 69% in 2012 and 2011.

Hedge 8

Hedge Asset Management Incentives Outsourcing 8

Harvard Business Review

OCTOBER 16, 2014

9, armed with about 1% of Apple’s outstanding stock, the hedge-fund activist published an open letter to Apple CEO Tim Cook, urging him to accelerate the company’s stock repurchases by making a tender offer. Carl Icahn is at it again. All of this adds up to profits without prosperity in the United States.

Safe Harbor 9

Safe Harbor Hedge EPS Price 9

Harvard Business Review

JULY 12, 2016

Ask someone to name the demands that activist hedge funds make of companies and they’ll likely list corporate governance issues like board changes and executive compensation, or perhaps some form of restructuring. In contrast, fair marketing and advertising of products are very important for companies in these sectors.

Proposal 8

Proposal Short-term Advertising Hedge 8

Harvard Business Review

OCTOBER 24, 2016

But almost none of these institutional-investment giants have any policies in place for monitoring or engaging with the startups who are creating next-generation investment technologies. In September 2016 we undertook a survey of nearly 300 endowment and foundation managers. But right now that’s not happening.

Operations 8

Operations Intangible Assets Venture Capitalist Hedge 8

Harvard Business Review

MARCH 27, 2018

“It’s no good fighting an election campaign on the facts,” Cambridge Analytica’s managing director told an undercover reporter, “because actually it’s all about emotion.” But this was not the first time its policies were violated. Implications of a data policy violation/security breach.

Company 11

Company Advertising Incentives Engineering 11

Harvard Business Review

MAY 17, 2016

In early 2016, the country began a process of reviewing multiple economic sectors, including energy, labor markets, pensions, and health. But it is evident, clearly even to internal policy circles, that running down the country’s foreign reserves while the economy continues under business-as-usual is not a viable long-term option.

Politics 9

Politics Human Capital Price Long-term 9

Leading Blog

APRIL 5, 2019

Should they make a big bet, hedge their position, or just wait and see? We tend to see situations in one of two ways: either events are certain and can, therefore, be managed by planning, investment, and reliable budgets; or they are uncertain, and we cannot manage them. When faced with uncertainty, how should leaders react?

Uncertainty 309

Uncertainty Sports Credit Rating Learning-by-Doing 309

Harvard Business Review

OCTOBER 25, 2017

Imagine that you are choosing between two similar mutual funds, one managed by Marcus and the other by Tanya. Given the general underrepresentation of women among investment professionals, especially in hedge funds, it was not surprising that only about 4.2% Tooga/Getty Images.

Objective 8

Objective Metrics Sample Hedge 8

Harvard Business Review

DECEMBER 17, 2015

Clean energy can provide a hedge against rising and more volatile electricity prices. There are clear signs of a potential shift in energy sourcing and consumption—and managers of IT and services operating in the cloud should start paying attention to how they can contribute. Certain states and countries are offering good deals.

Energy 8

Energy Globalization Hedge Cost 8

Harvard Business Review

JANUARY 19, 2018

A sound economy, a booming stock market, and huge business tax cuts, the story goes, have convinced CEOs of companies flush with cash to distribute some of it to front-line employees. There are no public shareholders clamoring for higher dividends, no hedge funds gorging on management fees. to $15 per hour.

Definition 8

Definition Company Succession Airlines 8

Harvard Business Review

OCTOBER 22, 2014

If anything, he views HBO’s move less like sedition and more like uncertain hedging, and one that could help platform players ultimately continue to thrive. “It’s a marketing ploy to get fledgling networks established.” “[Cable networks] don’t want to deal with the mass market,” Hazlett says.

Hedge 9

Hedge Licensing Mass Marketing Price 9

Harvard Business Review

MAY 26, 2011

The executive implications for time management and, more important, people management are enormous. The awkward irony is that this radically increased access gives top management less choice — not more — about how it invests its limited attention. The chairman had artfully hedged and qualified his innovation clichés.

Due Diligence 13

Due Diligence Disintermediation Micromanagement Analysis 13

Harvard Business Review

MAY 31, 2012

What makes this case of corporate accountability so important is that it is a discretionary matter of "private ordering" under JP Morgan risk management policies, not under a mandatory rule contained in Dodd-Frank. They could be appropriate for Dimon, but so could a compensation action about future variable comp.

CIO 8

CIO Committee Risk Management Banking 8

Harvard Business Review

AUGUST 15, 2011

vision of financial world order; as Time magazine reported, he was "bursting with hubris over its booming equity markets and its just-announced 5.6% Mahathir stood his ground, not just at Davos but in the financial markets, by refusing the IMF's aid, reducing Malaysia's interest rates, and restricting currency trading.

Banking 13

Banking ROE Proposal Self-aware 13

HR Digest

FEBRUARY 4, 2021

There is a great talent and skill gap in jobs in today’s job market. HR managers need to address the question of qualification a little deeper. Ask these questions too, especially if the position is mid manager and higher level: Does the applicant have all the necessary licensing or certification qualifications required?

Pre-Employment Screening 105

Pre-Employment Screening Guidelines How To Reference 105

Harvard Business Review

SEPTEMBER 16, 2014

A lot of businesses have pursued social responsibility more out of their marketing departments or as some sort of charitable donation. Even in the most hard-nosed of private equity firms or hedge funds you will find that people align with strategies that mean something to them, that they’re passionate about.

Insurance 9

Insurance Bond Hedge Bottom-up 9

Harvard Business Review

JULY 3, 2018

Such a wide range was clearly a problem, as the policy implications of those extremes were markedly different. But people also hedge with words because they are not familiar with structured ways to set probabilities. Prediction markets, including PredictIt , allow you to put real money behind your forecasts.

Survey 8

Survey Hedge Analysis Benchmarking 8

Harvard Business Review

APRIL 2, 2014

Others, most notably money managers and former Fama students Cliff Asness and John Liew in an epic Institutional Investor article , have done a lot recent to clarify how Fama’s ideas and Shiller’s can at least co-exist peacefully. You’d have this beta with the market, so you have the riskless rate plus beta times the equity premium.

CAPM 8

CAPM Discount Price Finance 8

Harvard Business Review

DECEMBER 3, 2018

Council of Institutional Investors (CII), representing managers of $25 trillion assets, recently demanded limiting any company’s dual-class share structure to seven years. Some of the largest companies of recent times by market capitalization, such as Facebook, Alphabet, and Alibaba, carry dual class-shares.

Class 10

Class Maturity IPO Short-term 10

Harvard Business Review

OCTOBER 9, 2015

.” Both stories contain some truth, as a forthcoming study of activist hedge funds demonstrates. The early activists were pension funds, but starting in the 1990’s some hedge funds adopted the strategy. The early activists were pension funds, but starting in the 1990’s some hedge funds adopted the strategy.

Hedge 8

Hedge Finance Short-term Document 8

Harvard Business Review

MARCH 8, 2012

In fact, the increasing focus on pay by policy makers, shareholders, and the media has magnified its importance as a gauge of success for top executives and created a vicious cycle of ever-higher pay demands. One European fund manager, for example, seeks to meet every individual nominated for the board at their investee firms.

Execution 11

Execution Committee Incentives Hedge 11

Harvard Business Review

MARCH 27, 2013

For the past several years, EU politicians have been locked in shortsighted and often self-defeating policies for bailing out troubled euro zone countries. Such features can be (and routinely are) priced in the financial markets. Of course, certain investor safeguards are needed.

GDP 8

GDP Bond How To Banking 8

Harvard Business Review

AUGUST 11, 2015

In speeches on July 13 and July 24, front-runner Hillary Clinton first outlined and then elaborated upon her policy agenda for combating what she calls “quarterly capitalism.” Capital markets work best when information is promptly and widely available to all.

Proposal 8

Proposal Hedge Safe Harbor Short-term 8

Harvard Business Review

NOVEMBER 11, 2016

Based on his campaign, Trump’s policies are directionally clear: Reduce personal and corporate taxation, invest in infrastructure, repeal the Affordable Care Act, tighten up on illegal immigration, strengthen law enforcement, and take a tougher stance on trade policy. So what are those implications, exactly? Invest in Resilience.

Strategy 10

Strategy Uncertainty Long-term Politics 10

Harvard Business Review

JANUARY 11, 2017

There’s urgency here because we believe the role of technology in the labor market will become more pronounced as artificial intelligence and machine learning affect white-collar jobs in much the same way that robotics has affected blue-collar jobs. trillion and $400 billion in capital and R&D expenditures, respectively.

Skills 8

Skills Engineering Telecommunications Incentives 8

Harvard Business Review

OCTOBER 4, 2012

At Techonomy, Ranadivé made his math-is-trumping-science comments after recommending that the Federal Open Market Committee, which sets monetary policy in the U.S., What If Google Had a Hedge Fund? But that does that really mean there are no hypotheses involved? be replaced with a computer program. BIG DATA INSIGHT CENTER.

Hedge 16

Hedge Committee Open-book Policies 16

Harvard Business Review

OCTOBER 4, 2012

At Techonomy, Ranadivé made his math-is-trumping-science comments after recommending that the Federal Open Market Committee, which sets monetary policy in the U.S., What If Google Had a Hedge Fund? But that does that really mean there are no hypotheses involved? be replaced with a computer program. BIG DATA INSIGHT CENTER.

Hedge 9

Hedge Committee Open-book Policies 9

Harvard Business Review

AUGUST 8, 2018

And some companies with employee majority-owned stock programs, such as Publix Super Markets and outerwear maker W.L. The social impact funds want to support it for social reasons, whereas hedge funds and others are recognizing that the superior resiliency and performance of worker-owned firms can improve their returns. Already, U.S.

ESOP 13

ESOP Company Cooper IAM 13

Harvard Business Review

APRIL 23, 2015

It’s hard to imagine the same thing happening in the market for soybeans. Plenty of policy changes have been proposed to address this imbalance, but what, if anything, can companies do on their own to put a dent in income inequality? million in profit this year” to pay his employees.

CEO 8

CEO Power Price Merchandising 8