Harvard Business Review

FEBRUARY 2, 2012

It was an event packed with prominent people who work (or worked) in finance, but seem to come from a different, more genteel world than the bulk of modern Wall Street: Bogle, Swensen, former Fed chairman Paul Volcker, former TIAA-CREF CEO John Biggs. But, to follow Swensen's reasoning, the incentives are all wrong.

Finance 16

Finance Motivation White Paper Banking 16

Harvard Business Review

JANUARY 28, 2011

Corporations booking record profits as cities , states , and countries go broke have little (read: zero) incentive to actually do much get people, communities, and society out of this mess. 21st century intelligence is not just analytical — it's ethical, emotional, and creative. Hence, the atmosphere of groupthink.

Ethics 18

Ethics Globalization Groupthink Incentives 18

Harvard Business Review

DECEMBER 13, 2010

I would argue that it's not so much about misaligned incentives, as we might guess from standard economic theory, but rather because, from a behavioral perspective, hedge funds are "criminogenic" environments that can turn even ethical people into conscienceless sociopaths. Signal 2: Other Traders Aren't Acting Ethically.

Hedge 16

Hedge Ethics Incentives Environment 16

Harvard Business Review

JULY 17, 2017

When I ask students graduating from Harvard Business School what they’re doing next, I often get some version of “I’m going into finance but…” Then they quickly explain that finance is just a way station on the route to nobler goals. And it is truly fascinating.

Finance 9

Finance Insurance Career Reputation 9

Harvard Business Review

JUNE 20, 2011

As the president of Almond China, he wanted to show his Chongqing colleagues how much he cared about the topic under discussion: ethical business practices. Such incentives were commonly accepted in China and routinely employed by Almond's competitors. At Almond, ethics are non-negotiable," he said. "We listed companies.

Case Study 15

Case Study Chemicals Ethics Finance 15

Harvard Business Review

MARCH 22, 2018

Over the last decade, industries, academics, and the public sector have turned their focus toward culture and ethics in response to the financial crisis as well as misconduct at a broad range of corporations. naqiewei/Getty Images. But what role does culture play in corporate misconduct, and why do these problematic cultures persist?

Company 16

Company Banking Incentives Human Capital 16

Harvard Business Review

JUNE 13, 2012

The company's performance measurement and incentive systems, and the degree to which risk management is considered, will also have a profound impact on employee behavior. Appropriate risk, compensation, and financial policies will set the incentives and boundaries for employee behavior. That meant Enron was able to report $3.3

Management 16

Management Banking Committee Risk Management 16

Harvard Business Review

OCTOBER 24, 2014

One of the changes I document in the book is how Goldman drifted from a focus on ethical standards of behavior to legal ones — from what one “should” do to what one “can” do. This kind of interdependence has the potential to move the focus back to ethical standards of behavior instead of just legal ones. Compensation Ethics Finance'

Banking 13

Banking Ethics Long-term Hedge 13

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. The result was an intense focus on risk, including risks related to ethical standards.

Incentives 8

Incentives Banking Ethics IPO 8

Harvard Business Review

JUNE 9, 2017

Equally troublesome, almost all policies focus exclusively on payments and finances but ignore the powerful influence of careerism and other non-financial motives that may compromise objectivity far more than financial incentives. For academics, publishing and obtaining grants are key to promotion and career advancement.

Conflict of Interest 14

Conflict of Interest Pharmaceuticals Policies Industry 14

Harvard Business Review

MAY 26, 2016

While the production system requires more worker skill and effort, employers have incentives to retain these valuable workers through improved working conditions. We think that the key to these performance improvements is the new role that workers play in lean manufacturing.

Lean Manufacturing 13

Lean Manufacturing Supply Chain Apparel Compliance 13

Harvard Business Review

OCTOBER 6, 2011

With our cotton farmers in Xinjiang, we changed many of the unfair trade practices and now aim for more than just fair trade by promoting higher cotton yields and quality through assistance in cotton research, farming techniques, and access to micro-finance.

Industry 15

Industry Strategy Supply Chain Long-term 15

Harvard Business Review

MAY 2, 2011

They must be supported by incentives, different processes, training, and often changes in how adjacent activities are carried out (as tools rarely sit in isolation). Any manager who has ever tried to shift organizational behaviors by rolling out a new piece of software knows this well.

Metrics 15

Metrics Education Software Tools 15

N2Growth Blog

NOVEMBER 23, 2010

In evaluating any relationship in the value chain I’m looking for value, talent, performance, leverage, efficiency, economy of scale, work ethic, integrity, character, discipline and many other traits irrespective of your skin color, age, etc. A sense of entitlement is not a substitute for work ethic and a desire to achieve.

Diversity 350

Diversity Blog Leadership Learning-by-Doing 350

Harvard Business Review

OCTOBER 18, 2011

They go by names like corporate social responsibility, sustainability, shareholder advocacy, social assessment and auditing, consumer action, government regulation, leadership development, ethics, realignment of incentives , attracting long-term investors , creating shared value , and more.

CEO 16

CEO Incubator Entrepreneur Supply Chain 16

Harvard Business Review

MAY 15, 2014

Among the most important new initiatives is an escalation and review procedure which aims to ensure that high-risk issues move swiftly to the attention of the chief ethics office in headquarters, which has a direct link to the Audit Committee. Think GM and its delays in addressing problems with an ignition switch.).

Compliance 8

Compliance Committee Globalization CEO 8

Harvard Business Review

MAY 28, 2015

What will the advent of big data mean for management research, given the incentives in our publication process I’ve described above? At the same time, it is long past time for the field to have a serious conversation where their data comes from, and the ethics of using big data.

Management 8

Management Retail Ethics Construction 8

Harvard Business Review

NOVEMBER 14, 2016

“You need to be clear to this person about how his level of effort has consequences in terms of his chances of promotion, financial incentives, and choice assignments,” she says. “I knew her work ethic,” he says. “Here is where equity comes into play.” ” Be flexible. .”

Delegation 8

Delegation Project Team Short-term 8

Women on Business

JANUARY 11, 2011

Finally, after tough negotiations with Republican leaders, the President announced a comprehensive tax package that not only addressed income, capital gains and estate tax rates, but also the AMT, unemployment insurance and many expiring individual and business tax credits and incentives. What’s in the Tax Bill?

Press Release 178

Press Release Discount Insurance PR 178

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.

Due Diligence 15

Due Diligence Incentives Hedge Collins 15