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Every organization has unique dynamics and strategic goals, from investment banks to hedge funds and private equity firms. They remain current with industry regulations and compliance requirements, ensuring their organizations operate within legal boundaries.
It was Andy Grove the former Chairman and CEO of Intel and Time Magazine’s 1997 Man of the Year who said “You have to take action; you can’t hesitate or hedge your bets. I am always so refreshed by the centrality of ethics, doing the right thing, and people as capital – in your work! Great insights Susan.
Acutely aware of the competitive edges timely data offers sophisticated investors, the company's ever-entrepreneurial cofounder once proposed that Google launch a hedge fund. Google may not have a hedge fund, but it's unlikely that high IQ hedge funds aren't using Google's data to better manage their own situational awareness and risk.
And that response is hidden inside ‘business’ behaviors – sandbagging quotas, hedging on stretch goals, and avoiding accountability or commitment. Without trust, people respond with distraction, fear, and, at the extreme, paralysis. Trustworthiness is the most noble and powerful of all the attributes of leadership.
Capitalism degenerates into narrow self-interest without a strong ethical foundation. How do we measure the ethical or moral climate of a company, and what is the dashboard? What kind of a forum or process could we create that would allow individuals to freely share and discuss ethical dilemmas?
And that response is hidden inside ‘business’ behaviors – sandbagging quotas, hedging on stretch goals, and avoiding accountability or commitment. Without trust, people respond with distraction, fear, and, at the extreme, paralysis. Trustworthiness is the most noble and powerful of all the attributes of leadership.
But with the departures of a number of high-level HR leaders in late 2016, head of operations Ryan Graves largely took on the head HR role in addition to his other duties. That is like setting up a finance organization to do exotic risk hedging before putting in place basic reporting and compliance.
What, they asked her, was the most powerful argument for promoting diversity — outside of ethical and legal ones? By the end of the '80s, Bill Gates and Steve Ballmer had realized, through rigorous analysis, that Microsoft needed to abandon its still-struggling new operation system, Windows, because of a memory flaw.
There's a beguiling little moment in the financial-crisis documentary Inside Job where hedge fund billionaire George Soros describes the principles of oil tanker design. From the same letter: [N]o company operates in a vacuum. Why did M&T make such out-of-character investments?
For example, the original Google car found it hard to compute the context within which it was operating. An ethical compass. As computers become more capable, executives are realizing just how important ethics and the capacity for moral judgement are in the field of applied AI.
When pressed, Owens tried to hedge his answer, but the media portrayed him as calling the President a liar. As Max Weber might have put it , the President was motivated by an ethic of conviction , doing everything possible to achieve his end goal, which was getting the bill passed.
While the rest of the stock market world was still operating in terms of minutes and seconds, the HFTers (led by two Chicago-based firms, hedge-fund giant Citadel and upstart GETCO, now called KCG ) found a whole new world of profit in the milliseconds and microseconds between when orders were placed and filled.
Companies are both operators and investors. Companies in every industry can benefit from making more data and algorithm-based decisions in areas of internal operations and finance. These robo-advisors may be used to automate certain aspects of risk management and provide decisions that are ethical and compliant with regulation.
Such plans frequently include giving managers financial incentives to do what they should have done before — concentrating on the most promising lines, selling off dud businesses, and "leaning down" operations, often including headcount. They don't appear to be in it for the long haul.
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