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An Oxymoron: $1-to-2 Billion Penalty With No Wrongdoing

Coaching Tip

Hedge-fund group SAC Capital Advisors LP and federal prosecutors have agreed in principle on a penalty exceeding $1 billion in a potential criminal settlement that would be the largest ever for an insider-trading case, according to people familiar with the matter. Source: The Wall Street Journal, October 18, 2013. SAC CEO Steven A.

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What It Will Take to Change the Culture of Wall Street

Harvard Business Review

The dissertation became a book, titled What Happened to Goldman Sachs: An Insider’s Story of Organizational Drift and Its Unintended Consequences (HBR Press, 2013). One of the changes I document in the book is how Goldman drifted from a focus on ethical standards of behavior to legal ones — from what one “should” do to what one “can” do.

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Robo-Advisers Are Coming to Consulting and Corporate Strategy

Harvard Business Review

These numbers represent more than three times as much as was invested in 2013. These robo-advisors may be used to automate certain aspects of risk management and provide decisions that are ethical and compliant with regulation. . $4 to $5 billion was invested by VCs in AI in 2016.

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Why Companies Are Becoming B Corporations

Harvard Business Review

We might look to Sir Richard Branson, who in 2013 co-launched the “B Team,” publicly decrying corporations’ sole focus on short-term profits and calling for a reprioritization of people- and planet-focused performance. So why do certain firms (and not others) choose to identify as B Corporations?