Harvard Business Review

DECEMBER 13, 2010

Hedge funds are playing the role of Wall Street villain again. Then came the November 22, 2010 raids of three hedge fund headquarters by FBI agents who seized documents and confiscated BlackBerries. Now authorities are serving subpoenas on other, larger hedge and mutual funds. Killing Conscience.

Hedge 14

Hedge Ethics Incentives Environment 14

Harvard Business Review

MAY 23, 2012

The tick-borne illness kept JPMorgan Chase's Ina Drew out of the office for extended periods in 2010 and 2011. That discord in 2010 and 2011 contributed to the chief investment office's losing trades in 2012, the current and former bankers said. The words "risk management" usually evokes less subjective, more data-driven pursuits.

Management 10

Management Risk Management Competitive Intelligence Hedge 10

Harvard Business Review

MARCH 11, 2015

” But the only real wins are a victory for the hedge funds, and a Pyrrhic victory for GM in that it managed to keep Wilson off its board and reduced the size of the buyback from the $8 billion the investors had been demanding. During the bailout, financial firms, including hedge funds, were nowhere to be found.

Hedge 8

Hedge Company Automotive Restructuring 8

Harvard Business Review

SEPTEMBER 22, 2014

In his October HBR article on skyrocketing executive pay, Roger Martin relates a startling fact: “The top 25 hedge fund managers in 2010 raked in four times the earnings of all the CEOs of the Fortune 500 combined.”. Financiers are leaving CEOs behind; hedge funders are putting bankers to shame. Making the top 0.1%

Bryson 11

Bryson Hedge Company Real Estate 11

Harvard Business Review

NOVEMBER 21, 2011

Gas prices have risen 90% from 2008 to 2010, leaving consumers with $160 billion less spending money per year. The Cambridge Group conducted a Pricing Power Study across 124 everyday consumable categories using Nielsen data from 2008 to 2010. For example, lower income shoppers appear willing to pay more now to hedge future costs.

Retail 14

Retail P&L Merchandising Hedge 14

Harvard Business Review

AUGUST 11, 2015

But that will not in any way deter hedge-fund activists from demanding that companies do stock buybacks so that they can time their stock sales to take advantage of short-term, buyback-induced, stock-price boosts. They — and not parasitic hedge-fund managers like Carl Icahn — are the value creators.

Proposal 8

Proposal Hedge Safe Harbor Short-term 8

Harvard Business Review

OCTOBER 27, 2014

billion in 2013, making him the fifth highest-paid fund manager in the land. In 2010 it was $900 million — seventh place. After using borrowed money in the 1980s and 1990s, then opening up a hedge fund in 2004, he has since 2011 basically just been managing his own money. He’s been winning a lot of them lately.

Hedge 8

Hedge Venture Capitalist Letter Reputation 8

Harvard Business Review

DECEMBER 17, 2015

In 2010, data centers represented 2% of all electricity use in the United States. Clean energy can provide a hedge against rising and more volatile electricity prices. Many managers we speak to still erroneously think of “intermittency” when we mention renewable energy supply.

Energy 8

Energy Globalization Hedge Cost 8

Harvard Business Review

JANUARY 21, 2014

Contrary to the adverse experience of some governing boards, activist investors can actually prove to be a leadership asset on the board rather than a disruptive force—providing the boardroom is well-managed and led. Would the new activist be strategically aligned and prove to be a good fit? A partner with ValueAct, Bradley E.

Hostile Takeover 8

Hostile Takeover Chief Financial Officer Due Diligence Charan 8

Harvard Business Review

JULY 27, 2015

Besides the short-term costs of such a move, history shows us that Greece has never managed to benefit from currency devaluations. Back in 2010, before the haircut, when Greece ran out of money, all of its debt was private and issued under Greek law. The IMF, ECB, and EU own the rest. So what about that debt? And what about that price?

Banking 8

Banking Crisis Tourism Policies 8

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

MAY 14, 2015

million in 2010, when (dominated by the gains from exercising stock options) stock-based compensation accounted for 70% of total compensation. million in 2012, with the proportion of these totals derived from gains from stock-based compensation ranging from 37% in 2006 to 77% in 2010. million in 2014 to a high of $12.6

Price 8

Price Franchising Short-term CFO 8

Harvard Business Review

DECEMBER 13, 2010

The only hedge is continual reinvention. Rather, it is dynamic and will fluctuate just like most goods and services. What does your note-to-self say?

Career 15

Career CEO Hedge Agility 15

Harvard Business Review

FEBRUARY 24, 2017

Mark Bertolini, CEO of Aetna, began his tenure, in 2010, by lowering targets by over one-third, in a single bold move. As Masonite regained financial health, the company’s hedge fund investors pushed for a short-term approach, urging the board to load the company up with debt and approve a dividend recapitalization.

CEO 9

CEO Short-term Long-term EPS 9

Harvard Business Review

DECEMBER 13, 2012

That business, or any other institution, dictates life to you (Oh, wait, that's what they already do — just not in ways that benefit anyone who isn't already the Gangnam-Style scion of a mummified vampire hedge fund quadrillionaire). That the job of managers isn't just to "deliver product" — but to impact lives.

Media 8

Media Fashion IPO Brand 8