Publications

September 2018
Case

Granite Equity Partners

By: Victoria Ivashina and Jeffrey Boyar

This case follows Rick Bauerly, CEO of Minnesota-based Granite Equity Partners, a private equity firm that specialized in buying out retiring business owners in the Minnesota community. In 2007, Granite Equity was considering an investment in Tyrell Corp. (name... View Details

Keywords: Private Equity Exit; Investing; Fund Exit; Fund Management; Wealth Management; Liquidity; Buyout; Exit Strategy; Preferred Shares; Convertible Notes; Finance; Private Equity; Investment; Asset Management; Wealth; Management; Financial Liquidity

01 Sep 2011
News

‘Green’ Trailblazers

E-waste recycling Marcel Brenninkmeijer (AMP 155 1998) Good Energies Foundation London, New York, and Zug Foundation focused on poverty alleviation through sustainable access to renewable energy Claire Broido Johnson (MBA 2002) Serious... View Details

Keywords: Health, Social Assistance; Management; Architectural, Engineering, and Related Services; Professional Services

01 Jun 2012
News

Letters to the Editor

For Angie’s List, a New Niche? I enjoyed the profile of Angie Hicks (MBA 2000) in the March issue. While pursuing a post-HBS PhD, I supplemented poverty fellowship wages by pounding nails at a small, conscientious hardwood floor... View Details

Keywords: Administration of Economic Programs; Government; Management, Scientific, and Technical Consulting Services; Professional Services

01 Jun 2011
News

Alumni Books

It Happened on the Way to War: A Marine’s Path to Peace by Rye Barcott (MPA/MBA ’09) (Bloomsbury USA) Barcott relates how as a college student he lived in the Kibera slum of Nairobi, Kenya, for part of a summer, seeing poverty he’d never... View Details

Keywords: Finance; Monetary Authorities-Central Bank; Finance; National Security and International Affairs; Government

01 Mar 2003
News

Naina Lal Kidwai

in society different in India than in the West? Expectations concerning business are becoming more like those in the West. Indeed, there is probably a greater requirement of business in India to be engaged in its immediate environment, to provide for programs for View Details

Keywords: Garry Emmons; Funds, Trusts, and Other Financial Vehicles; Finance

08 Jan 2007
Research & Ideas

Who Rises to Power in American Business?

the firm. The most intractable issue is probably social class. The composition of leaders who overcame poverty to achieve the pinnacle of success in business changed very little over the course of the twentieth century. While the GI Bill... View Details

Keywords: by Sean Silverthorne

02 Oct 2000
Research & Ideas

Networked Incubators: Hothouses of the New Economy

proposals floating around, people have less time to consider and evaluate them all. A successful company like Yahoo! is inundated with business proposals from hopeful start-ups. When there is a wealth of opportunities, there is a poverty... View Details

Keywords: by Morten T. Hansen, Henry W. Chesbrough, Nitin Nohria & Donald N. Sull

July 2021
Case

Kevin D. Johnson: To Be a Venture Capitalist or an Operator?

By: Jo Tango and Alys Ferragamo

In May of 2021, Kevin D. Johnson had just graduated from a rigorous Executive MBA program, and he quickly needed to decide on his next career move. Johnson was the founder and CEO of a successful media company, Johnson Media Inc., but his career goals had shifted while... View Details

Keywords: Entrepreneurship; Business Startups; Goals and Objectives; Race; Wealth; Decisions; Venture Capital; Personal Development and Career; United States

August 2023 (Revised October 2023)
Case

Beyond the Barricades: Chile 2023

By: Debora Spar, Willis Emmons, Leonard A. Schlesinger and Ruth Costas

Chile, often considered among Latin America's greatest economic success stories, suffered a shocking wave of protests in October 2019, as its citizens demanded reforms across healthcare and education systems, and protested inequality and rising costs of living. As... View Details

Keywords: Government Administration; Developing Countries and Economies; Economic Growth; Social Issues; Wealth and Poverty; Public Opinion; Equality and Inequality; Public Administration Industry; Chile; Latin America; South America

12 Jan 2015
News

Good Investments

poor communities was transformational for Rodríguez: “I made a decision that I didn’t want to be a spectator to poverty anymore.”) The IPO was a high-profile demonstration of the duo’s long-held vision. “It showed us that mainstream... View Details

Keywords: Dan Morrell; impact investing; ideas; Securities, Commodities, and Other Financial Investments; Finance

12 May 2016
News

Food Rescue Is on a Mission

Success began with vegetable lentil soup. Ian Carson (OPM 42, 2012) was fresh off volunteering in Australian politics as state president of the Liberal Party in Victoria when he was inspired to take action about food waste and hunger. He and his wife, Simone, noticed... View Details

Keywords: Jill Radsken

2011
Working Paper

'Last-place Aversion': Evidence and Redistributive Implications

By: Ilyana Kuziemko, Ryan W. Buell, Taly Reich and Michael I. Norton

Why do low-income individuals often oppose redistribution? We hypothesize that an aversion to being in "last place" undercuts support for redistribution, with low-income individuals punishing those slightly below themselves to keep someone "beneath" them. In laboratory... View Details

Keywords: Wages; Surveys; Wealth and Poverty; Behavior; Income; Research; Rank and Position; Attitudes; Personal Characteristics; Economics

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October 2004
Article

FDI and Economic Growth: The Role of Local Financial Markets

By: Laura Alfaro, Areendam Chanda, Sebnem Kalemli-Ozcan and Selin Sayek

The purpose of this paper is to examine the various links among foreign direct investment, financial markets and growth. We model an economy with a continuum of agents indexed by their level of ability. Agents have two choices: they can work for the foreign company in... View Details

Keywords: Foreign Direct Investment; Financial Markets; Economic Growth; Cost; Wealth; Investment Return; Knowledge

02 Dec 2017
News

The Lines That Divide America

Photo via The Atlantic Photo via The Atlantic In a new article in The Atlantic, Dean Nitin Nohria draws parallels between standing in a waiting line and the current sense of unfairness and inequality being experienced by many Americans. “Access to the line that... View Details

Keywords: Nitin Nohria

February 2006
Article

Wealth and Executive Compensation

Using new data on the wealth of Swedish CEOs, I show that higher wealth CEOs receive stronger incentives. Since high wealth (excluding own-firm holdings) implies low absolute risk aversion, this is consistent with a risk aversion explanation. To examine whether wealth... View Details

Keywords: Wealth; Executive Compensation; Motivation and Incentives; Power and Influence; Risk Management; Competency and Skills; Wages; Sweden