Remove 2013 Remove Hedge Remove Management Remove Succession
article thumbnail

?Numbers Show Apple Shareholders Have Already Gotten Plenty

Harvard Business Review

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. Apple is a company with phenomenal products and profits.

article thumbnail

What Amazing Bosses Do Differently

Harvard Business Review

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. My research into the world’s most successful bosses has unearthed some common practices that make work much more meaningful and enjoyable.

Hedge 8
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The IT Project That Brought a Bank to Its Knees

Harvard Business Review

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. billion capital shortfall announced by the U.K.’s Are we getting the benefits?

article thumbnail

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. Here are the six likeliest reasons I could come up with: Luck: This has been the baseline academic explanation for investing success for five decades now. And maybe random chance does explain a lot of Icahn’s success. In 2012 it was $1.9

Hedge 8
article thumbnail

Who Should Actually Have Say on Pay?

Harvard Business Review

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

article thumbnail

Robo-Advisers Are Coming to Consulting and Corporate Strategy

Harvard Business Review

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