Harvard Business Review

OCTOBER 16, 2014

9, armed with about 1% of Apple’s outstanding stock, the hedge-fund activist published an open letter to Apple CEO Tim Cook, urging him to accelerate the company’s stock repurchases by making a tender offer. In August 2013, Icahn bought more than $1 billion worth of Apple shares. Carl Icahn is at it again.

Safe Harbor 9

Safe Harbor Hedge EPS Price 9

Harvard Business Review

NOVEMBER 27, 2015

Yet in today’s rapidly evolving, 24/7 workplaces, it’s not always clear what managers should do to create the most satisfying work experiences and the happiest employees. If you supervise others, make sure you do the following: Manage individuals, not teams. But this is also the manager’s responsibility.

Hedge 8

Hedge Real Estate Film Motivation 8

Harvard Business Review

MAY 30, 2013

At 74% of the 1,471 companies that have voted so far in 2013, according to Equilar''s say-on-pay tracker , the "yes" percentage exceeded 90%. Only 31 companies (2%) have gotten sub-50% no-confidence votes in 2013. But it''s far from clear that professional money managers have what it takes to play the role of effective watchdog.

Hedge 8

Hedge Asset Management Incentives Outsourcing 8

Harvard Business Review

OCTOBER 25, 2017

Imagine that you are choosing between two similar mutual funds, one managed by Marcus and the other by Tanya. exchange over a six-year period (2008 to 2013). Given the general underrepresentation of women among investment professionals, especially in hedge funds, it was not surprising that only about 4.2% Tooga/Getty Images.

Objective 8

Objective Metrics Sample Hedge 8

Harvard Business Review

MAY 15, 2014

s Co-operative Bank in June 2013. hedge funds. One section highlights the problems the bank encountered as it attempted to replace its core banking systems, a program that was cancelled in 2013 at a cost of almost £300 million. IT management Leadership Project management' Are we getting the benefits?

Banking 8

Banking Project Enterprise Architecture CIO 8

Harvard Business Review

DECEMBER 16, 2013

Ackman of Pershing Square Capital Management destroy value at J.C. And what about private-equity partners and sovereign-wealth managers who come on boards of large publicly-traded firms—not as activists but in the wake of taking a stake? Even Microsoft is soon to have a hedge-fund activist, ValueAct Capital Management’s president G.

Hedge 8

Hedge Sharpe Short-term Active Listening 8

Harvard Business Review

APRIL 4, 2014

Them” were the majority of managers who didn’t get what design was all about in the first place. And with good reason: From Target to Uber, business managers everywhere are starting to understand that the strategic use of design is making a difference in achieving outsized business results. ” Design Strategy'

Venture Capitalist 8

Venture Capitalist Fashion B2B Hedge 8

Harvard Business Review

OCTOBER 27, 2014

billion in 2013, making him the fifth highest-paid fund manager in the land. 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. Then Andreessen quit the board. Icahn won that playground tussle. In 2012 it was $1.9

Hedge 8

Hedge Venture Capitalist Letter Reputation 8

Harvard Business Review

OCTOBER 24, 2014

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). And what happened to the compensation of the typical JP Morgan managing director? Each managing director was financially interdependent with every other.

Banking 9

Banking Ethics Long-term Hedge 9

Harvard Business Review

JUNE 10, 2014

One outside manager of many endowments I spoke to confirmed to me that there has been “no mandate” from clients to be investing in the future of higher education. “I Those who manage money for higher education, I propose, need to get much more interested in the market they are in. I haven’t heard that at all,” was the quote.

Real Estate 8

Real Estate Education Disruptive Innovation Asset Management 8

Harvard Business Review

JANUARY 12, 2018

Does a robot manage your money? A study by Deloitte estimated that “assets under automated management” (including hybrid offerings) in the U.S. This would represent between 10% and 15% of total retail financial assets under management. Kearney predicts that assets under “robo-management” will total $2.2

Consultative 8

Consultative Strategy Advice McKinsey 8

Harvard Business Review

JANUARY 21, 2014

More than 200 activist-investor initiatives hit companies in 2013, a seven-fold increase over a decade earlier. 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.

Hostile Takeover 8

Hostile Takeover Chief Financial Officer Due Diligence Charan 8

Harvard Business Review

DECEMBER 17, 2013

Also see psychologist Maria Konnikova’s 2013 Mastermind: How to Think Like Sherlock Holmes. Of course, the wisest among us will always hedge our forecasts with qualifiers such as “will likely” or “is apt to.” Managing uncertainty Strategy The Future of Management' 2014 is nearly upon us.

Groupthink 8

Groupthink Emotional Intelligence Learning-by-Doing Hedge 8

Harvard Business Review

NOVEMBER 8, 2013

Phil Treglia wasn''t your typical management adviser. Andy O''Connell BONUS BITS Some Companies You May Have Heard Of Dell Officially Goes Private: Inside the Nastiest Tech Buyout Ever (Forbes) The Hidden Technology That Makes Twitter Huge (Businessweek) Blockbuster Video: 1985-2013 (Grantland). Crisis management'

Armstrong 8

Armstrong Bond Entrepreneur Crisis Management 8

Harvard Business Review

MAY 14, 2013

Earlier this month the Rolling Stones kicked off a brief 2013 tour celebrating their 50th anniversary. Here are some tips to help front man Mick Jagger, as well as managers in the same situation, profitably navigate out of this mess.

Price 8

Price Discount Brand Merchandising 8

Harvard Business Review

JANUARY 8, 2014

And a former Fama PhD student, hedge fund manager Cliff Asness, argued at the time that even if his professor was right about the dot-coms, there clearly was a bubble in the equity of already established, already profitable tech companies. Economy Finance Managing uncertainty' Asness sure seems to have nailed that bubble, huh?

Price 8

Price Finance Definition Uncertainty 8

Harvard Business Review

MAY 14, 2015

million in 2013, when realized gains from stock-based pay represented 27% of total pay, to a high of $20.1 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. million in 2014 to a high of $12.6

Price 8

Price Franchising Short-term CFO 8

Harvard Business Review

NOVEMBER 25, 2015

So most executives manage it according to their intuition. It takes a careful mix of mission, management, and culture. One 2013 study illustrates this well. In one hedge fund, the highest performing portfolio managers had higher total motivation. Insight Center. How to Be a Company That Employees Love.

Motivation 8

Motivation Company Airlines Learning-by-Doing 8

Harvard Business Review

SEPTEMBER 16, 2014

I have inflated all the incomes to 2013 dollars to make comparisons more easily understood. Let’s look at how the pendulum has swung and how the treatment of the super-rich has changed. All the data is from the very handy Tax Foundation website. The First Era: 1862-1915.

System 8

System Incentives Hedge Crisis 8

Harvard Business Review

OCTOBER 9, 2015

.” Both stories contain some truth, as a forthcoming study of activist hedge funds demonstrates. The early activists were pension funds, but starting in the 1990’s some hedge funds adopted the strategy. The early activists were pension funds, but starting in the 1990’s some hedge funds adopted the strategy.

Hedge 8

Hedge Finance Short-term Document 8

Harvard Business Review

APRIL 2, 2014

Others, most notably money managers and former Fama students Cliff Asness and John Liew in an epic Institutional Investor article , have done a lot recent to clarify how Fama’s ideas and Shiller’s can at least co-exist peacefully. And that’s what these guys [the 2013 Nobel winners] did. Absolutely.

CAPM 8

CAPM Discount Price Finance 8

Harvard Business Review

JUNE 17, 2016

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?

Company 8

Company Hedge Short-term Long-term 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. A prime example is Carl Icahn, who began to accumulate his multibillion-dollar stake in Apple in August 2013.

Proposal 8

Proposal Hedge Safe Harbor Short-term 8