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Why Can't a CIO Be More Like a CFO?

Harvard Business Review

But it should be the CIO''s job. It''s time for CIOs to move beyond their roles as chief technology officers, and embrace the name with all of its implications: Chief Information Officer. Because no one is managing the store. According to the 2012 IDC/EMC report on the digital universe (PDF) , it''s doubling every two years.

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The JP Morgan "Whale" Report and the Ghosts of the Financial Crisis

Harvard Business Review

And unfortunately, they suggest that, in our huge, complex financial institutions, major failures of organizational discipline and major losses are likely to recur, despite greater attention to risk management. million in 2012 — because of his "Whale-related" failures, and that JPM had posted a record 2012 net income of $21.3

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Companies That Don’t Manage Utilities Strategically Are Throwing Money Away

Harvard Business Review

For example, the finance department approves what to buy, facilities maintains equipment, HR tells employees how to conserve energy, and marketing manages the company’s corporate sustainability reporting. Managing utilities has also become more complex as the energy landscape has evolved. At best, it can manage costs.

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JP Morgan's Loss: Bigger than "Risk Management"

Harvard Business Review

The recent disclosure of a multi-billion dollar trading loss at JPMorgan Chase reminds us again of the challenge and complexity of risk management, the subject of our June 2012 HBR article, "Managing Risks: A New Framework." Each requires customized risk management processes. Many people, including quite a few U.S.

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Two Cheers for JP Morgan's "Clawbacks"

Harvard Business Review

On the same call, Dimon himself announced that the global supervisor of the London office and head of the firm's retired Chief Investment Office (CIO), Ina Drew , would voluntarily give up the "equivalent to the maximum clawback amount." Drew earned $15.5 million in 2011, including $7.5 in severance according to this year's Proxy Statement.

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IT Doesn't Matter (to CEOs)

Harvard Business Review

They resist getting their hands dirty alongside the CIO, even though many of them will readily get down into the mud of a balance sheet with the CFO or strategize the details of global brand issues with the CMO. Nor do they understand the CIO''s role or, typically, the technologies that the company deploys. IT management'

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Can JP Morgan Transparently Police Itself?

Harvard Business Review

boss, Ina Drew , the former head of their unit in of the bank's, the Chief Investment Office (CIO); and CEO Jamie Dimon, to whom the CIO reported who oversaw the CIO. A future compensation action would reduce 2012 variable benefits (bonus or equity awards) in absolute terms (or through a much slower rate of increase).

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