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Fortune Favors the Prepared, and Hiring Managers Favor the Fortunate

Harvard Business Review

Almost as soon as Ron Johnson was fired by JC Penney, blame for the retailer’s annus horribilis shifted to board member and billionaire hedge-fund manager Bill Ackman, who had lured Johnson to Penney from Apple in 2011. Now Ackman is out too , and Fraser P.

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Do Commodities Speculators Make Things Cost More?

Harvard Business Review

Markets that existed mainly for the convenience of industry have become dominated by exchange-traded funds, hedge funds, and investment banks. Commodities-trading rules and customs that date back to the pre-financial era may not fit the more aggressive tactics of hedge funds and investment banks. When economist David S.

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