Harvard Business Review

JANUARY 7, 2011

million in one year from the hedge fund D.E. This gap between what employees of Goldman and its Wall Street peers (including hedge funds, private equity firms, etc.) The increasing rewards to work in finance were for a long time defended as evidence that the financial sector was creating more value than the rest of the economy.

Shaw 14

Shaw Decisionmaking Hedge Finance 14

Harvard Business Review

JULY 26, 2013

Five years after a financial crisis that, as best anybody can tell, had almost nothing to do with insider trading by hedge funds, the two biggest post-crisis criminal crackdowns on the financial sector in the U.S. insider trading by hedge funds. Ethics Finance Government' have centered on.

Hedge 9

Hedge Handbook Crisis Price 9

Harvard Business Review

MAY 23, 2012

Which is why managing those arguments, as Ina Drew appears to have done brilliantly during the financial crisis but wasn't around to do for the past couple of years, is so important. This is one reason why the standard risk-management set up at Wall Street firms proved such a bust in the financial crisis.

Management 13

Management Risk Management Competitive Intelligence Hedge 13

Harvard Business Review

OCTOBER 24, 2014

I spent a dozen years there — a tenure that overlapped with Dudley’s — went on to work at several other firms, and then, after the financial crisis, decided to go back to school. Compensation Ethics Finance' Then I went to work at Goldman Sachs, in mergers and acquisitions first, proprietary trading later. I now have a Ph.D.

Banking 13

Banking Ethics Long-term Hedge 13

Harvard Business Review

SEPTEMBER 26, 2014

That’s why rich people can invest in hedge funds while, for the most part, regular folks can’t. Ethics Finance Government' Maybe there were some incriminating details behind the Goldman executive’s statement that alarmed Segarra and were left out of the story, but on the face of it there’s nothing to see here.

Banking 12

Banking Conflict of Interest Hedge Policies 12

Harvard Business Review

AUGUST 15, 2011

The "Asian Contagion" currency crisis that depressed Thailand, Indonesian, South Korean and other currencies by as much as 70% was not yet over. And by the late 1990's investment banks and hedge funds were in the business of betting for and against currencies. One of the incidents that made it clear to us started way back in 1999.

Banking 13

Banking ROE Self-aware Proposal 13

Harvard Business Review

MAY 15, 2012

The bank's chief investment office, where the losses occurred, was charged with protecting JP Morgan from financial market volatility by trying to hedge bets made by other parts of the bank. It performed well during the financial crisis, and continued to deliver big returns in subsequent years.

Banking 11

Banking Hedge Constraint Operations 11

Harvard Business Review

JULY 12, 2013

Sheelah Kolhatkar, in a cover story (and what a classy cover it is) in the new Bloomberg Businessweek , argues that the great alternative to plain-vanilla equity and debt investing — the hedge fund — is more or less over, too. Compensation Economy Finance' Still, where there are losers, there are winners.

Bond 8

Bond Finance Hedge Globalization 8

Harvard Business Review

JUNE 26, 2014

Argentina lost big to a group of American “vulture” hedge funds in court last week, when the Supreme Court declined to reconsider an appeals court decision that the funds had the right to demand that the country make good on a bunch of old bonds they owned even though it long ago renegotiated the terms of that debt with most creditors.

Bond 8

Bond Long-term Short-term Finance 8

Harvard Business Review

APRIL 18, 2016

LTCM was founded, in 1994, by some of the best minds in finance theory, including two Nobel Prize winners. After the Russian financial crisis in 1998, LTCM imploded and lost $4.6 Nevertheless, overreliance on models was its downfall. No matter how advanced technology is, it needs human partners to enhance competitive advantage.

Strategy 8

Strategy Supply Chain Technology Engineering 8

Harvard Business Review

SEPTEMBER 16, 2014

Financing WWII could have been used as an excuse for these highly confiscatory rates, but rather than dropping after the end of war, they continued to rise. By 1963, the $1 million earner was paying 89%. Rather, it happens to be at one of the two poles across which the system has oscillated over history. So will the current system endure?

System 8

System Incentives Hedge Class 8

Harvard Business Review

MAY 14, 2015

The company’s executives said that to help finance the plan, McDonald’s would increase refranchising (turning company-owned restaurants into franchises), take on more debt (even at the risk of lowering its bond rating ), and find $300 million to cut in general and administrative expenses. million in 2014 to a high of $12.6

Price 8

Price Franchising Short-term Hedge 8

Harvard Business Review

JULY 19, 2016

Due in part to the stature of its board, a North American pension fund was able to retain a market-competitive pay structure despite the clamor that erupted following its announcement that it had suffered substantial investment losses during the global financial crisis. We pay competitively but no hedge fund-size packages.”

Politics 8

Politics Hedge Constraint Committee 8

Harvard Business Review

JULY 27, 2015

Yet if we want to understand and fix the Greek crisis, we must look at its structural causes, not just its symptoms. For all the party’s talk of “social justice” and “solidarity,” only €200 million has been granted to cope with Greece’s human crisis, and it has still not been fully disbursed.

Banking 8

Banking Crisis Tourism Policies 8

Harvard Business Review

JANUARY 17, 2012

If the auguries of "strategic due diligence" suggest a favorable outcome and bankers are willing to lend lots to help finance the deal, the PE masters of the universe acquire the property and put in place a "performance improvement plan" to make their new asset more profitable. PE people certainly pay themselves well.

Due Diligence 14

Due Diligence Incentives Hedge Collins 14

Harvard Business Review

FEBRUARY 8, 2018

conflict in the Middle East or Africa renewing the migrant crisis in Europe. Middle East and Africa: Migrant Crisis Redux May Reignite European Populism. Europe’s migrant crisis illustrates how events in developing countries create ripple effects that ultimately affect global business.

Market Risk 12

Market Risk Marketing Supply Chain Company 12