Publications

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June 2010 (Revised September 2011)
Case

The Southeast Bank of Texas in the Financial Crisis

By: Robert C. Pozen and Benjamin Greff Schneider

The Southeast Bank of Texas, like most other financial institutions in the U.S., has fallen on hard times during the financial crisis of the past year. Now, in March 2009, the bank is faced with several choices as a result of the new reforms spawned from the financial... View Details

Keywords: Decision Choices and Conditions; Financial Crisis; Capital; Financial Liquidity; Governing Rules, Regulations, and Reforms; Policy; Banking Industry; Texas

Article

Is it Better to Average Probabilities or Quantiles?

By: Kenneth C. Lichtendahl, Yael Grushka-Cockayne and Robert L. Winkler

We consider two ways to aggregate expert opinions using simple averages: averaging probabilities and averaging quantiles. We examine analytical properties of these forecasts and compare their ability to harness the wisdom of the crowd. In terms of location, the two... View Details

Keywords: Probability Forecasts; Quantile Forecasts; Expert Combination; Linear Opinion Pooling; Forecasting and Prediction

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February 2009 (Revised April 2011)
Supplement

Mistry Architects (B)

By: Amy C. Edmondson, Robert G. Eccles and Mona Sinha

This case is a follow-up of Mistry Architects: Innovating for Sustainability (A) (Case 609-044). In Case (A) Sharukh and Renu Mistry found and run an architectural firm dedicated to being both client-oriented and environmentally responsible. The case uses a difficult... View Details

Keywords: Problems and Challenges; Emerging Markets; Business and Stakeholder Relations; Natural Disasters; Environmental Sustainability; Product Design; Innovation and Invention; Construction Industry

February 2009 (Revised April 2011)
Case

Mistry Architects (A)

By: Amy C. Edmondson, Robert G. Eccles and Mona Sinha

Describes an architecture firm founded and run by a husband and wife team, Sharukh and Renu Mistry, that emphasizes "green" building. The firm presents an unusual mix of projects-spanning the spectrum from larger corporate projects to small private homes. The mix also... View Details

Keywords: Family Business; Customer Focus and Relationships; Design; Housing; Corporate Social Responsibility and Impact; Business and Community Relations; Environmental Sustainability; Nonprofit Organizations; Conflict and Resolution

05 Aug 2010
What Do You Think?

What Is Customer Opinion Good For?

something new and different is worthless." Ron Kurtz noted that (customers) "are better at reacting to things and defining their 'problems' that they would like to see resolved or alleviated." Some commented on the limits of formalized marketing research. As View Details

Keywords: by Jim Heskett; Technology

01 Sep 2011
News

The Spangler Effect

students to continue those discussions. Now, when the Aldrich doors open, students make a beeline to Spangler. It’s a place to see and be seen.” Renowned architect Robert A.M. Stern, whose New York–based firm won the competition to design... View Details

Keywords: Roger Thompson; Colleges, Universities, and Professional Schools; Educational Services

08 Jul 2002
What Do You Think?

Have We Carried the Concept of Alignment Too Far?

As John Apen points out, "Alignment works only if CEOs and boards have the same time perspective as the other two groups (investors and employees)... top managers' and Wall Street goals were all short term.…" C. J.... View Details

Keywords: by James Heskett

24 Aug 2010
First Look

First Look: August 24

(C):http://cb.hbsp.harvard.edu/cb/product/411008-PDF-ENG Fidelity Retires in Canada Robert C. Pozen and Edward ScottHarvard Business School Case 311-023 The head of Fidelity Canada was faced with a decision... View Details

Keywords: Sean Silverthorne

Web

Bibliography | Baker Library | Bloomberg Center | Harvard Business School

Photography.” Corporate Patronage of Art & Architecture in the United States, Late 19th Century to the Present , ed. Monica Jovanovich and Melissa Renn. New York: Bloomsbury Visual Arts, Bloomsbury Publishing, Inc., 2019, 63–76. Elson, View Details

1983
Working Paper

Aggregate Dividend Behavior and Its Implications for Tests of Stock Market Rationality

By: Terry A. Marsh and Robert C. Merton

2021
Working Paper

No-fault Default, Chapter 11 Bankruptcy, and Financial Institutions

By: Robert C. Merton and Richard T. Thakor

This paper analyzes the costs and benefits of a no-fault-default debt structure as an alternative to the typical bankruptcy process. We show that the deadweight costs of bankruptcy can be avoided or substantially reduced through no-fault-default debt, which permits a... View Details

Keywords: No-fault Default; Chapter 11; Insolvency and Bankruptcy; Borrowing and Debt; Governing Rules, Regulations, and Reforms; Financial Institutions; Contracts

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January 2014 (Revised June 2014)
Case

Advising Families on Estate Planning

By: Robert C. Pozen and Lucas W. Goodman

Sean Warrick is an estate planning adviser at Hellwig & Macon. He is preparing for meetings with two clients. His first clients are Peggy and David Bartley, a professional married couple of moderate wealth. His second clients are Ray and Michelle Polanski, a couple... View Details

Keywords: Estate Planning; Estate Tax; Gift Tax; Generation Skipping Tax; Tax Accounting; Tax Strategy; Taxes; Taxation; Retirement; United States

June 2011 (Revised January 2012)
Teaching Note

Tough Choices for the Illinois Pension System (TN)

By: Robert C. Pozen and Brij S. Khurana

Teaching Note for 311-139. View Details

Keywords: Illinois

August 2010 (Revised August 2010)
Teaching Note

Malcolm Life Enhances Its Variable Annuities (TN)

By: Robert C. Pozen and David J. Pearlman

Teaching Note for 311041. View Details

Keywords: Annuities; Insurance Industry

August 2009 (Revised January 2012)
Case

Pandora: Royalties Kill the Web Radio Star? (A)

By: Robert C. Pozen and Alex Curtis Rosenfeld

Joe Kennedy, president and CEO of Pandora, one of the largest and most popular web (Internet) radio broadcasters, had just received bad news. The Copyright Royalty Board (CRB) had announced its decision to increase the royalties required to be paid by the web radio... View Details

Keywords: Profit; Governing Rules, Regulations, and Reforms; Copyright; Laws and Statutes; Rights; Internet and the Web; Media and Broadcasting Industry