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The Irish Banking Crisis: A Parable

Harvard Business Review

In slightly more formal terms, Id suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodies six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources.

Banking 17
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CEOs Don’t Care Enough About Capital Allocation

Harvard Business Review

It’s been more than 50 years since Nobel prizewinners Franco Modigliani and Merton Miller identified return on investments as a major component of value creation (and value destruction). There are just two ways to increase ROIC: improve operating profit (by increasing revenues or cutting costs) or invest capital more wisely.

CEO 8
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Life is Luck — Here’s How to Plan a Career Around It

Harvard Business Review

Sociologist Robert Merton first recognized this phenomenon in academic success and dubbed it “ the Matthew Effect ,” quoting a Bible passage in which the rich get richer and the poor get poorer. (It Create portfolios – When operating in high-uncertainty environments, look for opportunities to diversify.

Career 8
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If the SEC Measured CEO Pay Packages Properly, They Would Look Even More Outrageous

Harvard Business Review

On December 7, Portland, Oregon, passed a law that will impose a surcharge on the local business taxes paid by corporations that operate in the city when the CEO’s compensation is 100 times or more the median earnings of the company’s employees. public corporations must file with the U.S.

CEO 8