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Conflict-of-Interest Rules Are Holding Back Medical Breakthroughs

Harvard Business Review

Legitimate concerns over conflict of interest that have resulted in overly extreme preventative policies are a central cause. It is time for all parties to revisit those policies and replace them with rules that recognize both true conflicts and true confluences of interest. Insight Center. Sponsored by Optum.

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Does It Pay to Be a Whistleblower?

Harvard Business Review

Two bank employees debate whether to blow the whistle on their employer after they discover undisclosed conflicts of interest.

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Why the Fed Is So Wimpy

Harvard Business Review

The other smoking gun is that Segarra pushed for a tough Fed line on Goldman’s lack of a substantive conflict of interest policy, and was rebuffed by her boss. That’s because, for the past two decades or so, not having a substantive conflict of interest policy has been Goldman’s business model.

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The “Maximize Profits” Trap in Decision Making

Harvard Business Review

Somehow, a theoretical assumption, widely used in a one cluster of academic specialties — economics, finance, econometric modeling, and the like — became transformed, primarily in the United States near the end of the 20th century, into a supreme decision principle.

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At Olympus and Goldman Sachs, Two Very Different Whistleblowers

Harvard Business Review

For example, the SEC in 2010 had charged Goldman with misleading some of the parties to a billion dollar transaction (involving a complex derivative called a synthetic collateralized debt obligation), alleging specific facts about undisclosed conflicts of interest. Goldman settled within months for $550 million.