Publications

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September 2003
Case

Executive Compensation at Reckitt Benckiser plc

By: V.G. Narayanan, Krishna G. Palepu and Lisa Brem

Investors felt betrayed by the increasingly lucrative pay packages awarded to CEOs and other top executives at multinational companies. Yet, board members charged with adequately rewarding executives were forced to compete with rising packages of salaries and stock... View Details

Keywords: Design; Stock Options; Investment Activism; Corporate Accountability; Compensation and Benefits; Employee Stock Ownership Plan; Management Teams; Business and Shareholder Relations; Consumer Products Industry; Netherlands; United States

October 2021
Article

Shareholder Activism and Firms' Voluntary Disclosure of Climate Change Risks

By: Caroline Flammer, Michael W. Toffel and Kala Viswanathan

This paper examines whether—in the absence of mandated disclosure requirements—shareholder activism can elicit greater disclosure of firms’ exposure to climate change risks. We find that environmental shareholder activism increases the voluntary disclosure of climate... View Details

Keywords: Transparency; Reporting; Shareholder Engagement; Shareholder Activism; Climate Change; Risk and Uncertainty; Environmental Management; Investment Activism; Corporate Disclosure; Communication Strategy; Information Publishing; Measurement and Metrics; Corporate Social Responsibility and Impact; Problems and Challenges; United States

August 2010 (Revised January 2012)
Teaching Note

Breaking the Buck (TN)

By: Robert C. Pozen and Elizabeth Leonard

Teaching Note for 310135. View Details

Keywords: Financial Crisis; Problems and Challenges; Financial Markets; Investment Funds; Management

March 2010 (Revised June 2010)
Case

Whose Money Is It Anyway? (A)

By: V.G. Narayanan, Richard G. Hamermesh and Rachel Gordon

The Brigham and Women's Physician's Organization (BWPO) and its corporate parent disagree over who has jurisdiction over significant legacy funds. Are they controlled by the BWPO or do they belong to BWPO's corporate parent? The BWPO and its corporate parent must... View Details

Keywords: Accounting; Investment Funds; Governance Controls; Agreements and Arrangements; Boundaries; Health Industry

January 2009 (Revised March 2011)
Case

Milliway Capital: Battening Down the Hatches

By: Josh Lerner, G. Felda Hardymon and Ann Leamon

Facing the downturn in late 2008, the partners in a West-Coast venture capital firm are trying to decide how to manage their portfolio companies and whether to make new investments. Not only must they consider the particulars of each company individually, but they must... View Details

Keywords: Financial Crisis; Venture Capital; Financial Management; Investment Portfolio; Financial Services Industry; Western United States

Keywords: Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

01 Dec 2008
News

Alumni Books

investment bank in the world. Ellis, a strategy consultant to Goldman Sachs for over thirty years, explains how it rose to leadership in the United States and abroad, made many partners great fortunes, and became a leader in IPOs, M&A,... View Details

Kelsey Morgan Pasqualichio

I have 12 years of private market investing experience which spans the spectrum from early stage startups to late stage LBOs. This has given me unique perspective and an understanding of what different constituent groups (investors,... View Details

Keywords: Technology;#239;#Consumer Products and Services (B2C);#240;#Business Products and Services (B2B);#242;#Financial Services;#43;#Healthcare

William J. Ruane

Through his strong analytical skills and conservative, bottom-line driven investing approach, Ruane became one of the most successful fund managers on Wall Street. Over the past thirty years, Raune’s value-based View Details

Keywords: Finance

February 1996 (Revised May 1996)
Teaching Note

Fidelity Investments: Spartan Florida Municipal Fund (TN)

By: Andre F. Perold and Wai Lee

Keywords: City; Investment Funds; Florida

February 1994 (Revised September 1995)
Case

Leland O'Brien Rubinstein Associates, Inc.: Portfolio Insurance

By: Peter Tufano

Leland O'Brien Rubinstein Associates, a small financial advisory firm founded in 1980, has created a successful business by selling a product commonly known as portfolio insurance. Portfolio insurance is a trading strategy that institutional investors use to establish... View Details

Keywords: Investment Portfolio; Insurance; Product; Financial Services Industry