Lead Change Blog
JANUARY 11, 2018
Yet the introduction of the “benefit corporation” gives leaders an opportunity to remake our business culture, and perhaps save the planet from our very human short-term bias. A short-term focus on profits led to the 2008 financial crisis and is creating worsening climate risk on a daily basis.
Harvard Business Review
DECEMBER 3, 2018
Firms with growth opportunities as well as the need for external equity financing often convert to dual-class shares. Aggressive-growth and family-controlled dual-class companies display higher long-term shareholder returns. This clause automatically converts a superior voting share to a low-vote class at a fixed time after IPO.
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Harvard Business Review
JULY 17, 2017
Closing this gap requires much more than short-term fixes, like adopting new technologies. Businesses need to organize around long-term strategies for growth and partnership in a sustainable way. The current innovation model in the finance sector is designed to generate the highest possible short-term returns.
Harvard Business Review
JUNE 9, 2014
It is incredibly hard to hold an IPO. But analysts are judging EBITDA, P/E ratios, quarterly growth, and cashflows – which don’t always correlate with long-term value creation. And, too often, our obsession with these short-term metrics has the opposite effect. Entrepreneurship Finance'
Harvard Business Review
APRIL 18, 2012
When Google introduced a controversial dual-class share structure at the time of its IPO in 2004, I had reservations (as you would expect of someone whose specialty is corporate governance). But the founders' passionate advocacy of the need to follow a "long-term, innovative approach" resonated with me. Take Brazil.
Harvard Business Review
DECEMBER 19, 2017
went public in June, then saw its stock price fall 70%, making it the worst performing IPO of a major company so far in 2017. Moving from “top-down” valuation to “bottom-up” The default valuation method for finance professionals is “top-down” in nature.
Harvard Business Review
SEPTEMBER 4, 2015
Innovation is widely regarded as important to long-term business performance. We’ve found that CEOs of big pharmaceutical companies, for example, are more likely to have a background as company lawyers, salespeople, or finance managers, than one in medicine or pharmaceutical R&D. Pharmaceuticals. tax jurisdiction.
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