Publications

01 Jun 2012
News

Plan B: The Brick Bank

for future needs such as retirement or education,” reflects Adams. “However, there are some environments, including Vietnam, where that fundamental tenet is not the best economic decision.” Pedro Noyola (HBS 2013) noted that while he... View Details

Keywords: Julia Hanna

August 1982
Background Note

ERISA and Pension Plan Management

By: Jay O. Light

Keywords: Retirement; Financial Management

28 Sep 2021
News

Boston University Plans to Divest $2.4 Billion Endowment from Fossil Fuels

May 2011 (Revised December 2011)
Case

Redesigning a 401(k) Plan at Haley-Midland

By: Robert C. Pozen and Scott Eric Perl

Rose Adams, the CFO of Haley-Midland, Inc., dispensed with pleasantries and started right in on her questions for Jim Sweeney, the senior vice president of human resources, and Nancy Walters, Haley-Midland's vice president and treasurer, about the brewing crisis with... View Details

Keywords: Retirement; Crisis Management; Design; Planning; Human Resources

November 2011
Teaching Note

The Canada Pension Plan Investment Board (TN)

By: Josh Lerner, Felda Hardymon and Ann Leamon

Keywords: Retirement; Investment Funds; Canada

20 Jul 2020
Op-Ed

It's Time for a Bipartisan Health Plan for Employers and Employees

Individual Coverage Health Reimbursement Arrangements (ICHRAs), to buy Section 1301 qualified health plans in the individual market. We advocate that the Trump rule be expanded to designate the Public Option as one of the insurance... View Details

Keywords: by Regina E. Herzlinger and Richard J. Boxer; Health; Insurance

February 2022
Article

Borrowing to Save? The Impact of Automatic Enrollment on Debt

By: John Beshears, James J. Choi, David Laibson, Brigitte C. Madrian and William L. Skimmyhorn

Does automatic enrollment into a retirement plan increase financial distress due to increased borrowing outside the plan? We study a natural experiment created when the U.S. Army began automatically enrolling newly hired civilian employees into the Thrift Savings Plan.... View Details

Keywords: Retirement Savings; Automatic Enrollment; Choice Architecture; Nudge; Financial Distress; Retirement; Saving; Borrowing and Debt; Behavior

01 Dec 2002
News

Hong Kong Club Thrives, Plans Next Global Alumni Conference

parlayed into the planning for Shanghai. “For my sins,” he jokes, “I was appointed the chairman of the speakers committee for the GAC.” The conference, “From the Commanding Heights to the Market: The Changing Face of Business,” will... View Details

May 1983 (Revised November 1983)
Background Note

Financial Structure of Corporate Pension Plans and Pension Funds

By: Jay O. Light

Keywords: Capital Structure; Retirement; Finance

March 2020
Article

Which Early Withdrawal Penalty Attracts the Most Deposits to a Commitment Savings Account?

By: John Beshears, James J. Choi, Christopher Harris, David Laibson, Brigitte C. Madrian and Jung Sakong

Previous research has shown that some people voluntarily use commitment contracts that restrict their own choice sets. We study how people divide money between two accounts: a liquid account that permits unrestricted withdrawals and a commitment account that is... View Details

Keywords: Quasi-hyperbolic Discounting; Present Bias; Sophistication; Naiveté; Commitment; Flexibility; Savings; Contract Design; Defined Contribution Retirement Plan; 401 (K); IRA; Saving; Behavior; Contracts; Design; Interest Rates

November 2015 (Revised February 2017)
Case

Cisco Systems: In Search of the Next CEO

By: Boris Groysberg, Sarah L. Abbott, Olivia Hull and J. Yo-Jud Cheng

It’s August 2014 and John Chambers is expected to announce his retirement after 17 years as CEO of global technology giant Cisco Systems. Under Chambers’s leadership, Cisco has grown from $2.2 billion in annual revenues and under 4,000 employees to revenues of $46... View Details

Keywords: Leadership; Succession Planning; CEO Succession; Managing Change; Person-organization Fit; Management Succession; Transition; Talent and Talent Management; Change Management; Retirement; Innovation Leadership; Recruitment; Corporate Governance; Experience and Expertise; Technology Industry; Information Technology Industry; United States; San Jose; California

November 2018 (Revised December 2018)
Case

CalSTRS Takes on Gun Violence

By: Vikram S Gandhi and Caitlin Reimers

In Spring of 2018, Chris Ailman, CIO of the $200 billion pension plan for California public school teachers (CalSTRS) was mandated by his board to “prioritize engagement with makers and retailers of firearms in California” following a series of gun-related tragedies in... View Details

Keywords: Pension Funds; Pension Plan; Asset Allocation; Screening; ESG; Gun Violence; Business and Government Relations; Values and Beliefs; Education Industry; California; United States

May 2012 (Revised August 2012)
Case

Apple Inc. in 2012

By: David B. Yoffie and Penelope Rossano

On October 5, 2011, Steve Jobs tragically died of cancer. The recently retired CEO of Apple Inc. was a legend: he had changed Apple from a company near bankruptcy to one of the largest and most profitable companies in the world. Moreover, he had revolutionized several... View Details

Keywords: Competition; Market Positioning; Strategic Planning; Technology; Computer Industry; Strategy Implementation; Consumer Electronics; Telecommunications; Information Infrastructure; Innovation and Invention; Competitive Strategy; Leadership; Product Positioning; Telecommunications Industry; Consumer Products Industry; Electronics Industry

21 Feb 2023
Research & Ideas

Are Your Employees Passing Up Incentives? Try Promoting the Programs More

retirement savings plan, may be a lack of effective advertising. “All this money and time and smart people thinking about programs is all for naught if we don’t effectively communicate them,” John says. In particular, companies are... View Details

Keywords: by Scott Van Voorhis

2008
Chapter

Life-Cycle Funds

By: Luis M. Viceira

The U.S. retirement system has experienced a substantial transformation in recent years. It has evolved from a system in which employees relied mainly on Social Security and professionally managed defined benefit (DB) pension plans sponsored by their employers to... View Details

Keywords: Retirement; Personal Finance; Investment Funds; Compensation and Benefits; United States

12 Jun 2017
News

Roth vs. Traditional 401(k): Study Finds a Clear Winner

November 2018
Case

Governance Transition at Anadolu Group

By: Paul M. Healy and Esel Y. Cekin

Kamil Yazici and Izzet Ozilhan founded and built Anadolu Group Holding—a family business that grew into a multi-billion-dollar regional powerhouse. For 57 years they were equal partners in running the company. They then handed over a leadership role to a next... View Details