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  • 01 Mar 2024
  • News

Game On

It’s raining in Sarasota. And not a light sprinkle but a proper, Florida drenching, so the outdoor courts at the Pickleball Club’s Lakewood Ranch location are deserted. Inside is a different story. Most of the 12 courts are in play. With four people to a court, all... View Details
Keywords: Jen McFarland Flint; photographed by Edward Linsmier; Amusement, Gambling, and Recreation Industries; Arts, Entertainment
  • January 2008 (Revised January 2009)
  • Case

The Armstrong Investigation

By: David Moss and Eugene Kintgen
In the early 20th century, public outrage at certain life insurance practices led to an investigation in New York State that threatened to curtail growth in the industry. Charles Evans Hughes guided the four-month-long Armstrong Investigation, which made startling... View Details
Keywords: Crime and Corruption; Annuities; Insurance; Governing Rules, Regulations, and Reforms; Insurance Industry; New York (state, US)
Related
  • 17 Oct 2014
  • Research & Ideas

New Treasury Rules Help Long-Retirement Planning

The United States Treasury recently amended its rules to encourage workers with retirement plans to purchase life annuities within these plans. Life annuities generally make fixed monthly payments from the... View Details
Keywords: by Robert Pozen; Financial Services
  • 18 Jun 2014
  • News

Robert (MBA 1964) and Lynn Burt

Robert (MBA 1964) and Lynn Burt In honor of his 50th Reunion, Robert Burt established a charitable gift annuity that will provide his wife, Lynn, with an income stream from Harvard during her lifetime and then fund a permanently endowed... View Details
  • 09 Nov 2015
  • News

Chuck (MBA 1970) and Sue Fienning

annuity that will ultimately benefit the HBS Fund for Leadership and Innovation. “I think HBS is like a violin. What comes out all depends on how you play it. You have to get involved and participate,” says Fienning. (November 2015) Learn... View Details
  • 24 Jun 2014
  • News

Gary (MBA 1963) and Terie Roubos

priorities. Working with the Gift Planning office, the Rouboses established a charitable gift annuity with their donation of appreciated stock. This unique way of giving benefits Terie for life, assists them with their tax planning, and... View Details
  • 01 Sep 2011
  • News

Donor Spotlight

years later.” Wilson “Roly” Nolen (MBA ’51) As Cochair of his class’s 60th Reunion gift campaign, Nolen took leadership to heart by establishing a $1 million gift annuity to ultimately benefit HBS. Nolen, who served as chair of HBS’s... View Details
Keywords: Colleges, Universities, and Professional Schools; Educational Services
  • 17 Feb 2014
  • Research & Ideas

Companies Detangle from Legacy Pensions

Prudential, which then promised to make good on the benefit payouts in the form of guaranteed annuities. The deal made sense—after all, who better than insurance companies to estimate life expectancy and long-term risk. And by pooling the GM View Details
Keywords: by Michael Blanding; Aerospace; Financial Services
  • 16 Mar 2018
  • News

Douglas Spreng (MBA 1967)

and business through decades of change.” As his 50th reunion approached, Spreng considered what legacy he wanted to leave at HBS. In addition to including the School in his will, he established a charitable gift annuity (CGA). “I love the... View Details
  • 23 Aug 2004
  • Research & Ideas

New Challenges for Long-Term Investors

of time, the safe strategy is to invest in long-term coupon bonds (or annuities), not cash. There is catch with this, though. Standard annuities and Treasury bonds pay fixed coupons, and inflation can seriously erode the purchasing power... View Details
Keywords: by Ann Cullen
  • 23 Mar 2010
  • First Look

First Look: March 23

barriers to commercialization? What made Du Pont so confident that it could succeed at this uncertain time? Purchase this case:http://cb.hbsp.harvard.edu/cb/product/810084-PDF-ENG New York Life and Immediate Annuities Julio J. Rotemberg... View Details
Keywords: Martha Lagace
  • 05 Oct 2010
  • First Look

First Look: October 5, 2010

company are faced with developing and implementing a plan to increase revenue in a travel service business. Purchase this case:http://cb.hbsp.harvard.edu/cb/product/811020-PDF-ENG Malcolm Life Enhances Its Variable Annuities Robert C.... View Details
Keywords: Sean Silverthorne
  • November 2011
  • Article

Ownership Structure and Financial Constraints: Evidence from a Structural Estimation

By: Chen Lin, Yue Ma and Yuhai Xuan
This article examines the impact of the divergence between corporate insiders' control rights and cash-flow rights on firms' external finance constraints via generalized method of moments estimation of an investment Euler equation.  Using a large sample of U.S.... View Details
Keywords: Ownership; Social Enterprise; Reputation; Cash Flow; Annuities; Investment; Investment Funds; Financial Reporting; Accounting Audits; Financial Services Industry; United States
Related
  • October 2001
  • Exercise

Liability Problems

By: Robert S. Kaplan
This case provides three examples of the recognition and measurement of liabilities. The first focuses on recognizing when employees have rendered services for which future period benefits have been earned, that is, whether unused vacation, sick, and personal days at... View Details
Keywords: Cash; Annuities; Interest Rates; Compensation and Benefits; Employees; Wages; Problems and Challenges; Value
Related
  • 10 Jan 2005
  • What Do You Think?

Public Pension Reform: Does Mexico Have the Answer?

is the wrong discussion ...Instead of creating the equivalent of mini-401(k) accounts, the focus on social security reform should be on the income side. By utilizing an institutionally-provided defined benefit approach that better integrates investment and View Details
Keywords: by James Heskett; Financial Services
  • June 2011 (Revised September 2011)
  • Case

Tough Choices for the Illinois Pension System

By: Robert C. Pozen and Brij S. Khurana
This case describes the precarious fiscal situation of the Illinois public pension system in the spring of 2009 and the accounting of pension plans by non-federal municipalities more generally. In February 2009, in the midst of a recession, recently-appointed Governor... View Details
Keywords: Budgets and Budgeting; Financial Crisis; Financial Liquidity; Annuities; Financial Management; Financing and Loans; Taxation; Strategic Planning; Problems and Challenges; Illinois
Related
  • 10 Aug 2010
  • First Look

First Look: August 10

company's brand among its stakeholders. Glass needed to weigh the pros and cons of private capital versus federal assistance or somehow combine the two. This case reviews the impact of the financial crisis on the life insurance and View Details
Keywords: Martha Lagace
  • 02 Mar 2015
  • Research & Ideas

Retail Reaches a Tipping Point—Which Stores Will Survive?

generator for the shareholders. Basically you are managing to create an attractive annuity for shareholders. Lal: It's not just about eliminating the stores, but managing the business to maximize cash-flow. If done intelligently this can... View Details
Keywords: by Sean Silverthorne; Retail
  • November 2016 (Revised March 2018)
  • Case

Deutsche Bank: Structured Retail Products

By: Boris Vallée and Jérôme Lenhardt
Describes how Deutsche Bank, a leading European bank, is deciding whether or not to launch a new structured retail product in Germany: an autocallable note. Will this product find a market and how does it fit into the bank’s product portfolio? The case investigates how... View Details
Keywords: Structured Products; Structured Retail Products; Germany; Auto Callable Note; Financial Product; Financial Product Development; Financial Product Marketing; Financial Product Launch; Financial Product Positioning; Finance; Assets; Asset Pricing; Asset Management; Capital Markets; Financial Institutions; Banks and Banking; Commercial Banking; Financial Instruments; Annuities; Bonds; Stocks; Financial Management; Financial Markets; Financial Strategy; Interest Rates; Investment
Related
  • 28 Apr 2009
  • First Look

First Look: April 28, 2009

Bazerman, 2009), and, as a result, it should be carefully prescribed and closely monitored. Download the paper: http://www.hbs.edu/research/pdf/09-122.pdf Can a Continuously-Liquidating Tontine (or Mutual Inheritance Fund) Succeed Where Immediate View Details
Keywords: Martha Lagace