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Culture, Not Leverage, Made Wall Street Riskier

Harvard Business Review

The design engineers kept taking incremental risks that they thought were acceptable and normalized them — until the disaster. Before the IPO in 1999, partners of Goldman Sachs owned equity in a private partnership. The result was an intense focus on risk, including risks related to ethical standards.

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Here's What the Internet Is Up To

Harvard Business Review

But as an engineer with young kids points out, when he''s able to hang out with his friends whose wives stay at home, "I think they probably have progressed more in their careers than I have in some ways. Sure, taking care of your kids is "providing." But then only 43% of the total actually made such a purchase.

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Uber Is Finally Realizing HR Isn’t Just for Recruiting

Harvard Business Review

Susan Fowler, a former site reliability engineer at Uber, recently wrote about her “very, very strange year at Uber,” characterized by a pervasive culture of alleged sexual harassment. They are two sides of the same coin; one cannot exist without the other. HR can and should demand more of leaders, and vice versa.