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Serving on Boards Helps Executives Get Promoted

Harvard Business Review

More than 25 years ago, William Sahlman wrote the HBR article “Why Sane People Shouldn’t Serve on Public Boards,” in which he compared serving on a board to driving without a seatbelt, that it was just too risky—to their time, reputations, and finances—for too little reward. ” Similarly, Sempra CEO Debra L.

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How Chinese Subsidies Changed the World

Harvard Business Review

Last week, LDK Solar , a struggling Chinese manufacturer of solar wafers and panels, announced that it had missed $24 million in bond payments. This news followed the bankruptcy in March of Wuxi Suntech , the main operating subsidiary of the world''s largest maker of solar panels, after it defaulted on a $541 million bond payment.

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Do Commodities Speculators Make Things Cost More?

Harvard Business Review

Or is the problem simply that speculators have taken over the market for a crucial commodity? It is certainly true that investors, dismayed at the prospect of low returns for stocks and bonds for years to come, have poured money into commodities over the past decade. Ethics Finance Global business' Morgan in the metals trade?

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What Apple Should Do with Its Massive Piles of Money

Harvard Business Review

In this letter, I’d like to explain more fully why I view the $51 billion already spent by Apple on open market (including accelerated) share repurchases under your leadership as a major misallocation of resources for both the company and the U.S. Rather, they trade in outstanding shares in the hope that their market price will increase.