Publications

December 2001
Exercise

Exercise on Employee Stock Option Dilution

By: Brian J. Hall

Discusses the effects of option dilution on stock prices and shareholder value. To simplify the example and isolate the complexity of option dilution, we make a number of simplifying assumptions. View Details

Keywords: Stocks; Price; Employee Stock Ownership Plan; Business and Shareholder Relations; Complexity; Value

01 Mar 2016
News

The Western Front

Illustration by Brian Stauffer Illustration by Brian Stauffer The government used to be America’s greatest innovator. Among many things, it... View Details

Keywords: Jason Feifer

01 Sep 2004
News

Stiletto Science

MIT grad Brian Hughes (MBA ’79) is bringing technology to bear on what may result in a giant step forward for womankind. Imagine, gushed the Austin, Texas, American-Statesman (July 8, 2004), a high-heeled shoe “so cozy you can wear it all... View Details

Keywords: high-heeled shoes; Clothing and Clothing Accessories Stores; Retail Trade

January 2021
Article

Turbulence, Firm Decentralization and Growth in Bad Times

By: Philippe Aghion, Nicholas Bloom, Brian Lucking, Raffaella Sadun and John Van Reenen

What is the optimal form of firm organization during “bad times”? We present a model of delegation within the firm to show that the effect is ambiguous. The greater turbulence following macro shocks may benefit decentralized firms because the value of local information... View Details

Keywords: Decentralization; Growth; Turbulence; Great Recession; Organizational Design; System Shocks; Economic Growth; Performance

Read Now

July – August 2011
Article

The Gentleman's 'Three'

By: Brian Hall and Andrew Wasynczuk

01 Dec 2003
News

Good Day Sunshine

242f07dca21bab1cbbd0dd3faf4f40ca Thanks to second-year students Brian Robertson (at left) and Dan Cook, the roof of Shad Hall now boasts 192 solar panels, the second largest such installation in Boston. HBS,... View Details

18 Dec 2018
First Look

New Research and Ideas, December 18, 2018

Mitigating Malicious Envy: Why Successful Individuals Should Reveal Their Failures By: Brooks, Alison Wood, Karen Huang, Nicole Abi-Esber, Ryan W. Buell, Laura Huang, and Brian Hall Abstract—People often... View Details

Keywords: Dina Gerdeman

22 Jul 2020
Blog Post

Why We Started the HBS Black Investment Club

INSPIRED BY RECENT EVENTS The protests against the unjust murders of George Floyd, Ahmaud Arbery, Breonna Taylor, and countless others since have mobilized the nation to take a stand in support of the Black Lives Matter (BLM) movement and... View Details

August 2006
Case

Dreyer's Slow Churned(TM) Ice Cream

By: Noel H. Watson, Steven C. Wheelwright and Brian DeLacey

Examines capacity forecasting and planning in a complex new product introduction scenario. The introduction at Dreyer's, a large dairy snack manufacturer, involves not only a new product but a new manufacturing process and product package, thus implying a significant... View Details

Keywords: Advertising; Forecasting and Prediction; Growth and Development Strategy; Brands and Branding; Product Launch; Product Development; Planning; Food and Beverage Industry; United States

June 2014 (Revised January 2017)
Supplement

YAAS's Service Center (B)

By: Brian Hall and Sara del Nido

This case is about a compensation change at an automotive service company in the Middle East. The case allows investigation and analysis of many issues related to compensation design and human resource management, and even change management. The focus of the case is... View Details

Keywords: Compensation; Emotions; Values; Human Resources; Labor; Negotiation; Organizations; Social Psychology; Value Creation; Motivation and Incentives; Auto Industry; Service Industry; Kuwait; Middle East

November 2001 (Revised December 2003)
Case

Incentive Pay for Portfolio Managers at Harvard Management Company

By: Brian J. Hall and Jonathan Lim

This case describes the compensation system for portfolio managers at Harvard's portfolio management company, including its formulaic and bonus bank features. Harvard Management Co. President Jack Meyer explains the philosophy behind the incentive pay at his company. View Details

Keywords: Motivation and Incentives; Investment Portfolio; Compensation and Benefits; Financial Services Industry

March 2001
Article

Option Value Does Not Equal Option Cost

By: Brian Hall and Kevin J. Murphy

Keywords: Value; Cost

2000
Chapter

The Taxation of Executive Compensation

By: Brian Hall and Jeffrey B. Liebman

Keywords: Executive Compensation; Taxation

June 2014 (Revised January 2017)
Case

YAAS's Service Center

By: Brian Hall and Sara del Nido

This case is about a compensation change at an automotive service company in the Middle East. The case allows investigation and analysis of many issues related to compensation design and human resource management, and even change management. The focus of the case is... View Details

Keywords: Compensation; Emotions; Values; Compensation and Benefits; Human Resources; Labor; Negotiation; Organizations; Social Psychology; Value Creation; Motivation and Incentives; Auto Industry; Service Industry; Kuwait; Middle East

April 2018
Case

Happy UAE

By: Joshua Schwartzstein, Brian J. Hall, Tiffany Y. Chang, Karim Sameh and Alpana Thapar

This case centers on the United Arab Emirates' (UAE) national goal of raising the happiness of its residents and visitors through ambitious government initiatives. They combined this bold national goal with an accountability structure (incentive plan) built on Key... View Details

Keywords: Happiness; Welfare; Governance; Motivation and Incentives; United Arab Emirates

March 2013
Case

Massachusetts Financial Services (Abridged)

By: Brian J. Hall and Karen Huang

This case describes the compensation and performance evaluations at an investment management company. The senior management team of Massachusetts Financial Services (MFS) Investment Management was contemplating an introduction of hedge funds at the firm, but many... View Details

Keywords: Compensation; Incentives; Investment Management; Performance Measurement; Portfolio Management; Motivation and Incentives; Asset Management; Performance Evaluation; Compensation and Benefits; Financial Services Industry; Massachusetts

01 Sep 2005
News

GE’s Immelt Urges MBAs to Dream Big, Work Hard

address by student speaker Brian Kreiter (MBA ’05) and by the presentation of the class’s awards for teaching excellence to Assistant Professor Francisco de Asís Martínez-Jerez... View Details

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

November 2004
Journal Article

Do the Numbers Get In your Way?

By: Brian Hall and Trent Staats