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Culture, Not Leverage, Made Wall Street Riskier

Harvard Business Review

OCTOBER 11, 2013

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. Ethics Finance Risk management' As a partnership, each partner was financially interconnected with the others.

Incentives 8
Incentives Banking Ethics IPO 8
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Uber Is Finally Realizing HR Isn’t Just for Recruiting

Harvard Business Review

MARCH 7, 2017

As Pete Ramstad and I note in Beyond HR , leaders often have far better developed frameworks for the value proposition of the finance function than for HR. Uber apparently lacked oversight about sexual harassment behavior; it seems far less likely that such oversight would be lacking when it comes to finance.

Compliance 11
Compliance Hedge Human Capital Finance 11
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