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Managing Risks Means Managing Arguments

Harvard Business Review

That discord in 2010 and 2011 contributed to the chief investment office's losing trades in 2012, the current and former bankers said. Managing risks — especially the hard-to-pin-down, moving-target risks that any financial trading operation has to cope with — inevitably involves arguing.

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Could a Four-Year-Old Do What Carl Icahn Does?

Harvard Business Review

billion in 2013, making him the fifth highest-paid fund manager in the land. In 2012 it was $1.9 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. Icahn won that playground tussle. He’s been winning a lot of them lately.

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3 Ways to Get Your Own Digital Platform

Harvard Business Review

Organizations that manage digital networks (we call them network orchestrators) are different from traditional product and service providers. For most organizations, this is the least risky option, and a good middle road, despite the fact that many traditional organizations often see digital network operators as threats rather than allies.

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Can JP Morgan Transparently Police Itself?

Harvard Business Review

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.

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Four Keys to Thinking About the Future

Harvard Business Review

In fact, read Nate Silver’s 2012 book, The Signal and the Noise : Why Most Predictions Fail – but Some Don’t. Yet how do you actually do it, when life and livelihood generally depend on operating inside a box? Managing uncertainty Strategy The Future of Management' We all prize it. 2014 is nearly upon us.

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High Frequency Trading: Threat or Menace?

Harvard Business Review

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.

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Six Strategy Insights RIM's New CEO Can Use

Harvard Business Review

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.