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HBSP (USA)
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Is It Fair to Blame Fair Value Accounting for the Financial Crisis
Pozen, Robert C.Article HBS-R0911G-EFinanceWhen the credit markets seized up in 2008, many heaped blame on "mark to market" accounting rules, which require banks to write down their troubled assets to the prices they'd fetch if sold on the open market - at the time, next to nothing. Recording those assets below their "true" value, critics argued, drove financial institutions toward insolvency. Proponents of marking to market, on the other hand, said it exposed executives' bad decisions. I...Starting at €8.20
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The Case for Professional Boards
Pozen, Robert C.Article HBS-R1012B-ELeadership and People ManagementWhen the world's largest financial institutions had to be rescued from insolvency in 2008, many experts laid the blame at the feet of corporate boards. But insufficient board oversight is a problem that had supposedly been solved in 2002. As the United States reeled from the blatant failures of corporate governance at Enron and WorldCom, Congress passed the famous Sarbanes-Oxley Act to prevent such failures from happening again. The new rules loo...Starting at €8.20
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Decoding CEO Pay*
Pozen, Robert C.; Kothari, S.P.Article HBS-R1704E-ELeadership and People ManagementEach year most public companies issue reports describing the pay packages of their CEOs. In them compensation committees attempt to explain the rationale behind the pay figures to the shareholders, who often must vote to approve them. The issue is, in their reports many committees adjust performance numbers in obscure and inappropriate ways that lead to overly generous CEO pay. And they do so using nonstandard criteria that are difficult for even...Starting at €8.20
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Es correcto culpar a la contabilidad a justo valor por la crisis financiera
Pozen, Robert C.Article HBS-R0911GFinanceCuando los mercados de crédito se paralizaron en 2008, muchos culpan colmada de "mark to market" las reglas de contabilidad, que requieren los bancos para anotar sus activos en problemas a los precios que habían recuperan si se venden en el mercado abierto - en el momento, al lado de nada. Grabar esos activos por debajo de su valor "verdadero", argumentaron los críticos, las instituciones financieras condujeron hacia la insolvencia. Los defensore...Starting at €8.20
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Productividad extrema
Pozen, Robert C.Article HBS-R1105KKnowledge and CommunicationUn alto ejecutivo veterano en dos compañías de fondos mutuos gigantes, el autor también ha sido un abogado, un funcionario del gobierno, un profesor de la facultad de derecho, y una escuela de negocios profesor a veces simultáneamente. Con los años, se ha ideado una serie de principios y prácticas para maximizar la productividad personal sin sacrificar su vida o la salud de la familia. En este artículo se presenta seis de ellos. Sepa su ventaja c...Starting at €8.20
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Extreme Productivity
Pozen, Robert C.Article HBS-R1105K-EA veteran top executive at two giant mutual fund companies, the author has also been an attorney, a government official, a law school professor, and a business school professor-sometimes simultaneously. Over the years, he has devised a number of principles and practices to maximize his personal productivity without sacrificing his health or family life. In this article he presents six of them. Know your comparative advantage. Focus not on what yo...Starting at €8.20