Harvard Business Review

JULY 22, 2016

Network businesses have always been around, from matchmakers to real estate brokers, but it’s the move to digital platforms that has led to market-shaking effects. Organizations that manage digital networks (we call them network orchestrators) are different from traditional product and service providers. Sponsored by Accenture.

Real Estate 8

Real Estate Business Model Incubator Short-term 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.

Long-term 8

Long-term Open-book Marketing Hedge 8

Harvard Business Review

JANUARY 30, 2014

In after-hours trading, the company’s share price fell 9% — representing $44 billion in lost market value. 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 debate, though, has really been about stocks in aggregate.

Price 8

Price Disruptive Innovation Uncertainty Marketing 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

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

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

JANUARY 23, 2012

Trend lines, market sizing, and competitive benchmarks that served companies well during periods of gradual market evolution do little good in industries where new technologies create seismic shifts, demand is uncertain, and rivals emerge from left field. Identifying a clear destination Big companies often hate to make choices.

Strategy 15

Strategy CEO Strategic Planning Consensus 15

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 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% Its high-end Internet routers were gaining share on market-leader Cisco, and the sky was the limit.

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 13

Due Diligence Incentives Hedge Collins 13