Publications

January 2002
Teaching Note

American Express Interactive TN

By: Lynda M. Applegate

Teaching Note for (9-802-022). View Details

Keywords: Financial Services Industry; Financial Services Industry

September 2008 (Revised July 2012)
Case

Khosla Ventures: Biofuels Strategy

By: Joseph B. Lassiter III, William A. Sahlman and Alison Berkley Wagonfeld

By 2008, a number of the firm's early cleantech investments were showing promise, and the companies were starting to need significantly more money to create the massive scale required in the energy sector. As Khosla thought about the hundreds of millions of dollars... View Details

Keywords: Entrepreneurial Marketing; Entrepreneurial Finance; New Product Development; Partnerships; Entrepreneurial Management; Venture Capital; Strategy; Partners and Partnerships; Renewable Energy; Entrepreneurship; Investment Funds; Environmental Sustainability; Product Development; Financial Services Industry; Financial Services Industry

18 Dec 2020
News

Progress Update on Racial Equity Plan

updating future MBA financial aid evaluations to consider a student’s socioeconomic background; and the creation of a new, custom multi-year Executive Education program to develop underrepresented/unrecognized minority leaders. The... View Details

01 Dec 2010
News

Three Recognized for Service

is chairman of E.D. Bullard Company in Lexington, Kentucky, and has served as a volunteer for twenty years. Corbett, COO of New York–based EMI Music Publishing, one of the world’s leading music companies, has volunteered for sixteen years. Stumm, principal of Stumm... View Details

Keywords: awards

January 1999 (Revised December 2020)
Case

The U.S. Banking Panic of 1933 and Federal Deposit Insurance

By: Julio J. Rotemberg and Sabina M. Ciminero

After highlighting some key developments in the banking history of the United States, the case illustrates the Banking Panic of 1933 and the way in which Franklin D. Roosevelt dealt with it at the beginning of his presidency. Describes the main components of banking... View Details

Keywords: Government Legislation; Insurance; Crisis Management; Financial Crisis; Banks and Banking; History; Business and Government Relations; Banking Industry; United States

November 1990 (Revised September 1991)
Case

First Chicago Corp.: Corporate Strategy

Lays out the business challenges facing First Chicago Corp. in 1986: the banking industry has been deregulated, many corporations are bypassing banks in their search for capital, and foreign competition has increased. Their traditional market--corporate banking--has... View Details

Keywords: Restructuring; Investment Banking; Corporate Strategy; Emerging Markets; Commercial Banking; Banking Industry; United States

Career Coach

Guy Kamguia

Guy (HBS’ 15, Villanova’ 11, UMBC’ 08) is a Director of Strategy at TOMRA, a global leader in the design and manufacturing of advanced sorting equipment. He previously worked in private equity, driving value creation in portfolio companies, in emerging markets. Guy is... View Details

Keywords: Financial Services (All); Financial Services (All); Financial Services (All); Financial Services (All); Financial Services (All); Financial Services (All); Financial Services (All); Financial Services (All)

17 Apr 2017
HBS Case

This Turkish Debt Collector Is Customer-friendly

customer needs. “This company says, instead of being a debt collector, we are going to be a debt resolver.” “Instead of doing one three-minute call with each customer, they were doing 15 to 20 calls lasting 15 minutes each” Turkasset was formed in the wake of the View Details

Keywords: by Michael Blanding; Financial Services

19 Feb 2007
Research & Ideas

Inexperienced Investors and Market Bubbles

"Past performance is no guarantee of future results." —standard financial disclaimer Neophyte investors—it is believed—play a role in creating asset price bubbles such as the tech collapse a few years ago. Just think back to the... View Details

Keywords: by Sean Silverthorne; Financial Services

01 Mar 2024
News

The Exchange: Takeaways from the Takedown

from conveying false information. FTX’s balance sheet revealed several false and misleading facts. One of the reasons regulators mandate regular disclosures of financial facts is to force firms to be transparent to investors during good... View Details

Keywords: Jen McFarland Flint; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

Fast Answer

Challenges and Opportunities in the Restaurant Industry

Resources Company Analysis and Financing Company profiles on project sponsors Financial fundamentals for valuation Executive bios Size of organization, i.e., number of employees, revenue View Details

Web

Charles Ellis | Baker Library | Bloomberg Center | Harvard Business School

Transcript (PDF) Charles “Charley” Ellis, HBS 1963, founded Greenwich Associates, a strategy consulting firm focusing on financial institutions, in 1972. The firm’s clients include commercial banks, investment banks, securities dealers,... View Details

01 Dec 1999
News

New Jakurski Chair Supports Research in Global Finance

endow a chair at the School. After graduating from HBS as a Baker Scholar, he worked for a number of years at Unibanco, Brazil's third largest bank, including service as executive director. In 1983, he and three partners founded Pactual, a Rio brokerage firm. During a... View Details

01 Jun 2007
News

A Class All His Own

cofounding forty years ago of The Carroll School, which specializes in teaching children with language-based learning differences. He’s also active with his class at Harvard College (celebrating its 70th Reunion this year) and the Treasurers’ Club of Boston, a forum... View Details

Keywords: Business Schools & Computer & Management Training; Educational Services; Finance

01 Mar 2012
News

Pledge of Allegiance

pledge never to raise taxes, even as budget deficits soar. According to the Financial Times (November 21, 2011), Norquist believes the pledge makes Republicans more credible with their constituents. “The pledge is useful,” Norquist said.... View Details

Keywords: Executive, Legislative, and Other General Government Support; Government; Management, Scientific, and Technical Consulting Services; Professional Services

2024
Working Paper

Ponzi Funds

By: Philippe van der Beck, Jean-Philippe Bouchaud and Dario Villamaina

Many active funds hold concentrated portfolios. Flow-driven trading causes price pressure, which pushes up the funds’ existing positions resulting in realized returns. We decompose fund returns into a price pressure (self-inflated) and a fundamental component and... View Details

Keywords: Investment Funds; Investment Portfolio; Investment Return; Price Bubble; Financial Reporting; Financial Liquidity

SSRN

Read Now

July 2010
Teaching Note

Monmouth, Inc. (Brief Case)

By: Thomas R. Piper and Heide Abelli

Teaching Note for 4226. View Details

Keywords: Competitive Bidding; Forecasting; Stock Offerings; Mergers ＆ Acquisitions; Valuation, Margins; Stocks; Valuation; Mergers and Acquisitions; Forecasting and Prediction; Bids and Bidding

September 2008 (Revised September 2011)
Background Note

Note: Credit Rating Agencies

By: William E. Fruhan

The note examines the role of credit rating agencies in capital markets, with emphasis on the role of these agencies in the recent credit crisis and recommendations for change. View Details

Keywords: Financial Crisis; Capital Markets; Credit; Governing Rules, Regulations, and Reforms; Standards

July 2007 (Revised May 2008)
Case

Cable & Wireless America

By: Guhan Subramanian and Eliot Sherman

Describes the auction of Cable & Wireless America (CWA), a bankrupt subsidiary of the British telecommunications company Cable & Wireless. While an initial "stalking-horse" bid valued the assets at $125 million, after a long day and night of bidding between eight... View Details

Keywords: Mergers and Acquisitions; Insolvency and Bankruptcy; Auctions; Bids and Bidding; Negotiation Process