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

Harvard Business Review

Rather, they rely on internal rates of return and multiples of invested capital. Instead, PE investors typically target a 22% internal rate of return on their investments on average (with the vast majority of target rates of return between 20 and 25%), a return that appears to be above a CAPM-based rate.

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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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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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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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The Comprehensive Case for Investing More VC Money in Women-Led Startups

Harvard Business Review

But what much of the VC world might not realize, is that female-led firms may have a higher rate of return on average than male-led firms. had a female CEO. The evidence suggests that having no female partners makes VC firms less likely to invest in female-founded or female-led firms.