Ethics Incentives Innovation IPO 
Harvard Business Review
OCTOBER 11, 2013
Corporate incentives and culture may be even more important in explaining what changed on Wall Street in recent years, and by placing too much emphasis on quantitative ratios like leverage, we may be missing some other important parts of the problem. Before the IPO in 1999, partners of Goldman Sachs owned equity in a private partnership.
Harvard Business Review
DECEMBER 8, 2010
And unfortunately, it's also one of the most in need of radical institutional innovation. That's why the traditional understanding of everything from GDP to " jobs " to " profit " to " IPO " is limited. And the result of an undersupply of disclosure is toxic, perverse incentives. But to the newcomers, let me explain what I mean.
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