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The Problem with the Profit Motive in Finance

Harvard Business Review

has a new "white paper" out with the rah rah title, " Financial Services: Safer & Stronger in 2012." Rowe Price spring to mind) have built a reputation for looking out for investors's interests. You can make a lot of money in finance doing things that are bound blow up in someone's face a few years down the road.

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Why Are Some Sectors (Ahem, Finance) So Scandal-Plagued?

Harvard Business Review

This pact follows a February 2012 agreement between B of A, Citi, JPM, Wells Fargo and Ally with State Attorneys General and federal authorities to pay $26 billion for similar failings. billion to homeowners. Other banks are considering whether to join the agreement (e.g. Ally Financial and HSBC Holdings).

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A Board Member’s Guide to Corporate Political Spending

Harvard Business Review

These risks extend to a company’s reputation, its employee relations, its customer and shareholder relationships, its legal footing, and attainment of its business strategies. million in the 2006 off-year cycle to more than $300 million in the 2012 presidential cycle. Consider what Aetna faced in 2012. million to the U.S.