article thumbnail

Will the Proposed Banking Settlement Have Unintended Consequences?

Harvard Business Review

Such a settlement must be carefully crafted if it is to avoid making the housing markets worse. An important part of that task is facing the true costs and consequences of a major new principal reduction program. As with any proposed regulation, the settlement should be subjected to a rigorous cost-benefit analysis.

Banking 13
article thumbnail

The Skills Gap That's Slowing Down Your Career

Harvard Business Review

For example, I know a bank executive who had twenty years of great community banking experience, but no bachelor's degree. When his institution was bought out, no other bank would even consider him for a job. But if you plan on being in the job market for ten or more years, you should consider making the investment.

Career 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

A Better Metric for the Value of a Worker Training Program

Harvard Business Review

But according to the World Bank , only 30% of youth employment programs are successful, with many of those offering only marginal benefit. We need to adopt something similar to a “total cost of ownership” (TCO) analysis. And most programs have no positive effect at all.

Metrics 11
article thumbnail

If Data Is Money, Why Don’t Businesses Keep It Secure?

Harvard Business Review

Like money, it can flow easily across borders and it commands an intrinsic value — the insight generated from personal data helps deliver benefits to individuals, businesses, and governments alike. Yet, unlike money, the market for personal data is relatively embryonic. Will global regulation harmonize or fragment the market?

article thumbnail

One Year After India Killed Off Cash, Here’s What Other Countries Should Learn from It

Harvard Business Review

To quote the person who may have been the most qualified to advise on such action, Raghuram Rajan, the widely respected former governor of India’s central bank: “As a country, you would want to ask what were the inputs that went into that decision.” A fact-based cost-benefit analysis is essential.