Remove 2013 Remove Ethics Remove Hedge Remove Succession
article thumbnail

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.

article thumbnail

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. Deliver behavioral coaching.

article thumbnail

Why Companies Are Becoming B Corporations

Harvard Business Review

Identifying as a B corporation is a way to publicly claim an identity as an organization interested in both shareholder and stakeholder success. Having a clear identity can help firms communicate their values to customers, which is particularly beneficial when they are claiming an identity different from the industry norm.