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. After all, activists don’t usually have the necessary votes to compel management to respond.

Proposal 8

Proposal Short-term Advertising Hedge 8

Harvard Business Review

JULY 27, 2015

This is where the July 2012 memorandum of understanding between Greece and the Troika (the International Monetary Fund, European Central Bank, and the European Commission) failed miserably; the previous government, much like Syriza, wanted to preserve the status quo. It isn’t only the branded pundits who are neglecting these issues.

Banking 8

Banking Crisis Tourism Policies 8

Harvard Business Review

JULY 22, 2016

Organizations that manage digital networks (we call them network orchestrators) are different from traditional product and service providers. Starbucks invested in and partnered with Square in 2012 to bring mobile payment systems into its stores using Square’s Wallet app.

Real Estate 8

Real Estate Business Model Incubator Short-term 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. Singer came on the board in October 2012. Would the new activist be strategically aligned and prove to be a good fit?

Hostile Takeover 8

Hostile Takeover Chief Financial Officer Due Diligence Charan 8

Harvard Business Review

DECEMBER 17, 2013

In fact, read Nate Silver’s 2012 book, The Signal and the Noise : Why Most Predictions Fail – but Some Don’t. Of course, the wisest among us will always hedge our forecasts with qualifiers such as “will likely” or “is apt to.” Managing uncertainty Strategy The Future of Management'

Groupthink 8

Groupthink Emotional Intelligence Learning-by-Doing Hedge 8

Harvard Business Review

MAY 31, 2012

A future compensation action would reduce 2012 variable benefits (bonus or equity awards) in absolute terms (or through a much slower rate of increase). Holding people to account for these and related issues is an essential element of a broad approach to risk management inside financial services (and industrial) firms.

CIO 8

CIO Committee Risk Management Banking 8

Harvard Business Review

APRIL 3, 2014

There’s a wonderful scene (one of many) in Michael Lewis’s new book, Flash Boys: A Wall Street Revolt , in which John Schwall, then the head of product management at RBC Capital Markets in New York, decides one day in 2011 to figure out how stock trading had evolved into a high-speed, unfair race he thought it had become. But I haven’t.

Long-term 8

Long-term Open-book Marketing Hedge 8

Harvard Business Review

JANUARY 30, 2014

2012) to $385 (last April) — a difference of almost $300 billion in market capitalization — and back up to $555 before this latest earnings report. This kind of sharp price movement on seemingly modest news is not a new or isolated occurrence for Apple. Over the past 18 months the company’s stock price has careened from $705 (in Sept.

Price 8

Price Disruptive Innovation Uncertainty Marketing 8

Harvard Business Review

MAY 14, 2015

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. Wall Street investment banks and hedge fund activists, some of whom began targeting McDonald’s a decade ago , also gain from the temporary boosts that buybacks produce. .”

Price 8

Price Franchising Short-term CFO 8

Harvard Business Review

NOVEMBER 30, 2016

During July 2007, two of Bear Stearns’ large hedge funds were failing. In a forthcoming article in Management Science , we empirically evaluate incentive compensation, firm performance, and evidence of CEOs “shirking” their duties. What was CEO James Cayne doing at the time?

CEO 8

CEO Incentives Sports Hedge 8

Harvard Business Review

JANUARY 23, 2012

Is it Apple's consumer appeal, or the declining influence of corporate IT managers? RIM could opt to double down on the corporate market, broadening its business from device maker into fields such as mobile security services and bandwidth management. Identifying a clear destination Big companies often hate to make choices.

Strategy 14

Strategy CEO Strategic Planning Consensus 14

Harvard Business Review

JANUARY 14, 2014

At least, that’s one way of looking at Elliott Management’s campaign to shake things up at Juniper Networks. The hedge fund founded and run by billionaire Paul Singer just announced that it now owns 6.2% Most activist hedge funds are simply pushing a less extreme version of the same basic idea. On the whole, it seems to work.

Hedge 8

Hedge Chief Technology Officer Maturity IPO 8

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. It has spent almost $90 billion on buybacks and almost $33 billion on dividends from 2012 through the third quarter of 2015.

Proposal 8

Proposal Hedge Safe Harbor Short-term 8

Harvard Business Review

JANUARY 17, 2012

the management consultancy. Such plans frequently include giving managers financial incentives to do what they should have done before — concentrating on the most promising lines, selling off dud businesses, and "leaning down" operations, often including headcount. Vulture capitalism ," as Governor Perry has suggested?

Due Diligence 12

Due Diligence Incentives Hedge Collins 12

Harvard Business Review

AUGUST 28, 2014

Republicans have also defended private equity investment managers in maintaining the favorable capital gains treatment that their carried interest fees are accorded by the tax system. (The marginal rate for labor — median-income families — fell only about 10% over the same time-span.).

CIO 9

CIO Hedge CEO Policies 9