Two activist investors, one a founder and one a hedge fund manager, seek to improve board oversight at a chain restaurant company. Prestley Blake founded Friendly Ice Cream in 1935 with his brother, and the two created a chain of full-service restaurants. In 1979, they... View Details
The long-standing argument that focused operations outperform others stands in contrast to claims about the benefits of broader operational scope. The performance benefits of focus are typically attributed to reduced complexity, lower uncertainty, and the development... View Details
manage team members, faced similar challenges.) In another move to build a more skilled, educated workforce, Walmart introduced a program in 2018 that offered workers the opportunity to enroll in online degree programs for $1 a day in... View Details
Careers Becoming a Board Member Careers Becoming a Board Member Interested in joining a board? Similar to a job search, you’ll need to make connections with the right people to find a board that fits your interests. Start Networking Start... View Details
percent lower likelihood of physician response respectively. In contrast, attending physicians sent half of their responses to white patients, despite these patients comprising only one-fifth of the study population. “Remarkably similar... View Details
regulators, such as the SEC whistleblower program [a similar program authorized in the 2010 Dodd-Frank Act], the DOT’s Motor Vehicle Safety whistleblower program, and more recently the Treasury’s anti-money-laundering whistleblower... View Details
exhibit quantitatively similar degrees of time variation. We estimate a systematic liquidity premium in U.S. inflation-indexed yields over nominal yields, which declined from 100 bps in 1999 to 30 bps in 2005 and spiked to over 150 bps... View Details
and the sinking of the Japanese fleet in Truk Lagoon, which became one of the world’s largest ship graveyards. Much later it became a scuba destination because the steel turned out to be a useful foundation for coral reefs and marine life. McCarthy wondered if the... View Details
entrepreneurs I know who are looking for cofounders, yet many don’t appreciate that this is a similar courtship to mating and partnership. Many entrepreneurs believe they must have a cofounder, and some are pressured by investors to have... View Details
students in the class were affected by the JetBlue crisis, adds Huckman. "Russ seemed to view his visit as an opportunity to educate students who may be in similar roles in the not-too-distant future; he also saw it as a way to get... View Details
In an influential paper, Alesina and Angeletos (2005)—henceforth, AA—argued that a preference for fairness could lead two identical societies to choose different economic systems. In particular, two equilibria might arise: one with low taxes and a belief that the... View Details
Paul Maritz took the helm of VMware in July 2008, just as the company confronted a radically new competitive environment. Since its founding in 1998, VMware had been the leading provider of virtualization software. Now it faced the kind of threat that every software... View Details
The historiographies of Mexico and Brazil have implicitly stated that business networks were crucial for the initial industrialization of these two countries. Recently, differing visions on the importance of business networks have arisen. In the case of Mexico, the... View Details
and engraving by unknown artist. Paris, Chez Daumont, [early 18th century]. 22.5 x 31.5 cm CF f14 xx One of the earliest prints of the flying "money devil," who is pursued by people of all trades. Many thematically similar prints were... View Details
Objective: The COVID-19 pandemic changed clinician electronic health record (EHR) work in a multitude of ways. To evaluate how, we measure ambulatory clinician EHR use in the United States throughout the COVID-19 pandemic.
Twenty five years after it was initially proposed, Clay Christensen’s theory of disruptive innovation continues to be a major reference for entrepreneurs, corporate innovators, and investors. However, the term “disruptive innovation” is often used in ways and contexts... View Details
By: Laura Alfaro, Oscar Becerra and Marcela Eslava
Emerging economies are characterized by an extremely high prevalence of informality, small-firm employment and jobs not fit for working from home. These features factor into how the COVID-19 crisis has affected the economy. We develop a framework that, based on... View Details
This paper evaluates the role of regional cluster composition in regional industry performance. On the one hand, diminishing returns to specialization in a location can result in a convergence effect: the growth rate of an industry within a region may be declining in... View Details