Filter Results
:
(109)
Show Results For
-
All HBS Web
(166)
- People (1)
- News (33)
- Research (109)
- Multimedia (1)
- Faculty Publications (69)
Show Results For
-
All HBS Web
(166)
- People (1)
- News (33)
- Research (109)
- Multimedia (1)
- Faculty Publications (69)
Sort by
- 17 Jan 2007
- Op-Ed
Learning from Private-Equity Boards
for corporate boards. The yes answer reflects the fact that many productive aspects of corporate governance and control that have proven effective in the private-equity industry were noticeably absent at Enron. If Enron's board (which was never charged with a breach of...
View Details
- 12 May 2011
- Research & Ideas
The Difficult Transition from For-Profit to Nonprofit Boards
mission. For the new trustee, understanding these issues is the place to begin her trusteeship. The second theme is financial solvency. Chapter Four deals with the board's fiduciary responsibility and financial sustainability. Our life...
View Details
Keywords:
by Sean Silverthorne
- 02 Mar 2010
- First Look
First Look: March 2
corporate directors' fiduciary duties in that state. This change limited incentives to take actions favoring equity over debt. We show that, as predicted, this increased the likelihood of equity issues, increased investment, and reduced...
View Details
Keywords:
Martha Lagace
- 08 Jan 2018
- Research & Ideas
The Startling Percentage of Financial Advisors with Misconduct Records
straight and narrow. Washington looks at deregulation The research takes on added weight as Obama-administration regulation protecting financial consumers faces an uncertain future. The US Labor Department’s fiduciary rule, in the...
View Details
- 25 Aug 2017
- Op-Ed
Op-Ed: After Charlottesville, Where Does a CEO's Responsibility Lie?
little guidance. Executives may be tempted to take refuge in the idea that they have fiduciary obligations to maximize shareholder returns, but this is simply a myth—corporate leaders have many responsibilities, but there is no...
View Details
Keywords:
by Gautam Mukunda
- 05 May 2003
- Research & Ideas
Sharing the Responsibility of Corporate Governance
these few men, proud, arrogant, and blind, drove the country to financial ruin." Like the individuals convicted of insider trading in the 1980s, some of today's business leaders appear to have forgotten that they are fiduciaries who...
View Details
Keywords:
by Carla Tishler
- 01 Oct 2020
- What Do You Think?
Are CEOs the Wrong Leaders for Stakeholder Capitalism?
within a set of constraints, both direct and indirect (For example) (A) recent Labor Department proposed rule just reiterated that the duty of (ERISA retirement) plan fiduciaries is to maximize investment returns.” Rather than hold CEOs...
View Details
Keywords:
by James Heskett
- 05 Jul 2017
- Research & Ideas
Are Stockbrokers Illegally Leaking Confidential Information to Favored Clients?
information Leaking information about stock trades might be both unethical and illegal, Di Maggio maintains, due to a fiduciary duty called “best price execution.” As the Securities and Exchange Commission explains on its Fast Answers...
View Details
- 15 Sep 2015
- First Look
September 15, 2015
thinking. In order to assist boards in this new realm of taking into account multi-stakeholder significance, we have structured this paper in four parts and a conclusion. In Part I, we review fiduciary duty focusing on to whom this duty...
View Details
Keywords:
Sean Silverthorne
- 09 Jul 2001
- Research & Ideas
Does Misery Love Companies? How Social Performance Pays Off
shareholder wealth maximization when fulfilling their fiduciary duty (Orts, 1992), the Delaware Court endorsed this same idea in 1989 when it allowed Time's management to reject a lucrative tender offer from Paramount Communications to...
View Details
Keywords:
by Joshua D. Margolis & James P. Walsh
- 20 May 2008
- First Look
First Look: May 20, 2008
Friendly and also owned a larger percentage of another restaurant company, was shifting expenses between the businesses in a way detrimental to Friendly shareholders, but personally advantageous to the CEO. Further, Blake believed that Friendly's board of directors was...
View Details
Keywords:
Martha Lagace
- 03 Jun 2008
- First Look
First Look: June 3, 2008
resources to environmental protection? How should we think about the notion of firms sacrificing profits in the social interest? May they do so within the scope of their fiduciary responsibilities to their shareholders? Can they do so on...
View Details
Keywords:
Martha Lagace
- 28 Jan 2014
- First Look
First Look: January 28
heterogeneous telecommunication costs arising from different regulatory regimes) strengthens our results. Publisher's link: http://www.people.hbs.edu/rsadun/Distinct_Effects_11-023.pdf August 2013 Cambridge Handbook of Institutional Investment and View Details
Keywords:
Sean Silverthorne
- 21 Sep 2009
- Research & Ideas
Excessive Executive Pay: What’s the Solution?
American business ought to be run, including changes to fiduciary duties, legal liability, takeover rules, and business education, among many other areas." Lorsch and Khurana will air their views in more detail to an academic...
View Details
Keywords:
by Roger Thompson
- 09 Sep 2024
- HBS Case
McDonald’s and the Post #MeToo Rules of Sex in the Workplace
Easterbrook forfeited cash and stock worth $105 million. Shareholders sued the board for breach of its fiduciary duties, including its oversight duty, but the Delaware Court of Chancery dismissed the suit, saying the board acted...
View Details
- 28 Aug 2012
- First Look
First Look: August 28
delayed for 20 days a shareholder vote on the sale of Del Monte Foods Co. (Del Monte) to a consortium of three private equity firms. In his opinion, Laster was critical of Del Monte's board, noting that the directors may not have properly exercised their View Details
Keywords:
Sean Silverthorne
- 09 Mar 2010
- First Look
First Look: March 9
legal event as a natural experiment to examine equity-debt conflicts in the vicinity of financial distress. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors' fiduciary duties in that state. This change limited...
View Details
Keywords:
Martha Lagace
- 25 Mar 2014
- First Look
First Look: March 25
price and work out a sensible debt schedule for the company. Students must also evaluate the effect of the transaction on the existing bonds and understand the principles governing contractual duties (and how they differ from fiduciary...
View Details
Keywords:
Sean Silverthorne
- 27 Feb 2018
- First Look
First Look at New Research and Ideas, February 27, 2018
systems and implementation. Ozark is deciding among three ERP options; different senior executives support different options. Purchase this case: https://cb.hbsp.harvard.edu/cbmp/product/616019-PDF-ENG Harvard Business School Case 318-097 Shareholder Value...
View Details
Keywords:
Sean Silverthorne
- 01 Feb 2011
- First Look
First Look: Feb. 1
founders sold their remaining shares shortly after the IPO. Two years later, Alantec was acquired for the equivalent of $70 per share. Following the sale, the founders sued, alleging that the venture capitalists had committed fraud and breached their View Details