An Experiment in India Shows How Much Companies Have to Gain by Investing in Their Employees

Harvard Business Review

It may seem that the employers of such low-wage workers — who focus mainly on keeping costs down in order to survive in a relentlessly competitive industry — would have no incentive to provide such training or resources for personal development. In July 2013 we implemented a randomized controlled trial in five factory units in Bangalore operated by Shahi Exports Pvt. We then computed return on investment by combining our impact estimates with data on programmatic costs.

Venture Capitalists Get Paid Well to Lose Money

Harvard Business Review

2013 had all the signs of being a comeback year for venture capital. The industry realized its highest returns since the Internet boom. Yet 2013 annual industry performance data from Cambridge Associates shows that venture capital continues to underperform the S&P 500, NASDAQ and Russell 2000. The ongoing poor performance of venture capital firms should be an obvious problem for institutional investors. What is the optimum level of VC commit?

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

Harvard Business Review

I have my own version of this. Every time investor Carl Icahn makes headlines with another of his activist campaigns, I wonder, “Could my four-year-old do that?”. I do have a 15-year-old who could not in a million years be bothered to send Apple’s Tim Cook a letter urging him to “meaningfully accelerate and increase the magnitude of share repurchases.” Yet the simplicity and almost child-like nature of Icahn’s approach still begs examination.

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