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Morning Advantage: Can Markets Cure Cancer?

Harvard Business Review

Investors will not only have the potential for a decent rate of return but can be secure in the knowledge that they’re "part of the social mission to cure.". On the other, startups with women as CEOs – not simply VPs or boardmembers – are more likely to do poorly. So how do you pay for it? Imagine it sold like hotcakes.

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The Case for Stock Buybacks

Harvard Business Review

If paying excessive CEO salaries is the most maligned use of corporate funds, stock buybacks may well take second place. Conventional wisdom is that CEOs buy back stock to manipulate the short-term stock price. Higher CEO ownership stakes typically improve long-term stock returns. Laura Schneider for HBR.

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What Private Equity Investors Think They Do for the Companies They Buy

Harvard Business Review

We also know that private equity funds have outperformed public equity markets over the last three decades , even after the fees they charge are accounted for. Rather, they rely on internal rates of return and multiples of invested capital. Our results on capital structure are more consistent with academic theory and teaching.

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Don’t Take Money from VCs Until You’ve Asked 4 Questions

Harvard Business Review

It’s a risky strategy that can leave startup CEOs in mis-aligned partnerships with unrealistic expectations. Investors in VC funds see returns data from a wide range of firms, and those performance figures make it clear that many well-known “brand” VC funds consistently fail to generate minimum venture rates of return.

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The Reason Air Travel Is Terrible and So Few Airlines Are Profitable

Harvard Business Review

Instead of getting into a price war or squabbling over a shrinking market, both disruptors and incumbents find new ways to create value. This benefits customers – both the high-end customers being chased by incumbents, and the low-end or middle-market consumers being served by disruptors — and the industry at large.

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Most Industries Are Nowhere Close to Realizing the Potential of Analytics

Harvard Business Review

Once the strategic vision is in place, senior leadership, including the CEO, will need to champion it personally in order to overcome institutional resistance and break down silos between departments. Another critical piece of the puzzle is acquiring the right capabilities.

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Two Forces Moving Business Closer to Climate Action

Harvard Business Review

This week, CEOs and world leaders met at the UN to talk climate. The CEO leaders of the parade, like Richard Branson and Unilever’s Paul Polman, took the stage at The Climate Group’s climate week launch event in New York on Monday. At the same time, the cost of renewable energy has dropped very far, very fast.

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