Publications

01 Jun 2009
News

Letters to the Editor

Praise for March Cover Congratulations on cracking the mold of a one-subject cover for the March issue. I found the four of your financial crisis articles extremely interesting, especially Niall Ferguson’s... View Details

Keywords: News, Library, Internet, and Other Services; Information

February 2010 (Revised July 2010)
Case

Barclays Wealth: Reignite WAR or Launch AlphaStream?

By: Lena G. Goldberg and Elisa Farri

In late January 2009, Thomas Fekete, managing director at Barclays Wealth in London, redeemed the most illiquid positions in the so-called Wealth Absolute Return Fund (WAR), one of Barclays Wealth's most promising offshore funds of hedge funds, and halted the Fund's... View Details

Keywords: Financial Crisis; Financial Liquidity; International Finance; Investment Funds; Governing Rules, Regulations, and Reforms; Strategy; Financial Services Industry; London

01 Dec 2022
News

A Quiet Force: Remembering Jay Light

course developer. As Dean, he led HBS through some of the most momentous and challenging times in its history. In 2008, as the global economic crisis unfolded, Light acted swiftly to strengthen the School’s View Details

Keywords: leadership; HBS Dean; obituary; academia

May 2010 (Revised August 2010)
Case

Breaking the Buck

By: Robert C. Pozen and Elizabeth Leonard

After an incredibly volatile six months since Lehman Brothers declared bankruptcy, Finbar McCall contemplated his options. As the investment manager of RPG Prime Reserve Fund, Inc. (RPGXX), McCall had just heard the news that the U.S. Treasury was extending the... View Details

Keywords: Change Management; Financial Crisis; Financial Management; Insurance; Investment Funds; Business and Government Relations; Business and Shareholder Relations; Financial Services Industry

December 2009 (Revised February 2010)
Case

The Investment Fund for Foundations (TIFF) in 2009

By: Luis M. Viceira and Brendon Christopher Parry

In late June 2009, management at The Investment Fund for Foundations (TIFF) was considering expanding the footprint of the TIFF Diversified Fund (TDF), the first truly comprehensive endowment management vehicle offered under the TIFF banner. The recent large capital... View Details

Keywords: Financial Crisis; Asset Management; Financial Strategy; Investment Funds; Risk Management; Product Marketing; Financial Services Industry; United States

January 2003 (Revised April 2003)
Case

Sun Hydraulics: Leading in Tough Times (A)

By: Linda A. Hill and Jennifer Suesse

Sun Hydraulics, 32-year-old global hydraulics engineering and manufacturing company headquartered in Sarasota, Florida, confronts tough choices due to the economic downturn in 2001. The company leadership debates how to maintain profitability and reduce labor costs... View Details

Keywords: Organizational Culture; Mission and Purpose; Financial Crisis; Crisis Management; Manufacturing Industry; Florida

2020
Guest Column

Learning from Lehman: Lessons for Today

By: Laura Comstock, Michael Holland and Peter Tufano

Keywords: COVID-19 Pandemic; Financial Crisis; Financial Markets; Financial Instruments

Read Now

01 Jun 2016
News

Imagine an Economy Without Wall Street

Photography by Bryce Vickmark In a recent opinion piece in the Wall Street Journal, HBS Dean Nitin Nohria made a strong statement in defense of Wall Street and the financial system. Recalling his youth in India, Nohria related the story... View Details

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

01 Sep 2009
News

Faculty Research Online

Survive — Thrive: Leading Innovation in Good Times and Bad Cost cutting and restructuring are just the first steps in coping with the current global financial crisis and defining how business will be... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; News, Library, Internet, and Other Services; Information

14 Mar 2011
Research & Ideas

Keeping Credit Flowing to Consumers in Need

modern-day doomsayers, referred to the specter of another Great Depression. This was not total hyperbole. While different analysts weighted the "fundamental" causes of the crisis differently, most recognized that the increased... View Details

Keywords: by Sean Silverthorne; Financial Services; Financial Services; Financial Services

01 Sep 2009
News

Over the Top

on performance pay before the U.S. Senate and served as a consultant to many international companies. The issue of to what extent the financial crisis was driven by misaligned pay incentives is one of the... View Details

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

22 Feb 2022
News

A Focus on Latinx Entrepreneurs

of the Treasury Janet Yellen also recognizes the role of Latinx businesses in the US economy. In her remarks at the US Hispanic Chamber of Commerce Virtual Legislative Summit in 2020, she said: “If someone tried to design an economic View Details

Keywords: Jennifer Gillespie

June 2002 (Revised October 2002)
Background Note

Argentina: Data Supplement, 1990-2002

By: Huw Pill and Ingrid Vogel

Provides basic macroeconomic data for Argentina for the period 1990 through 2002. Covers the period from the adoption of Argentina's currency board to its ultimate demise and beyond. View Details

Keywords: Financial Crisis; Macroeconomics; Argentina

Find at Harvard

01 Sep 2009
News

How to Fix Wall Street

including a renewed commitment to responsible behavior by those individuals and (surviving) firms whose actions created excessive risk in the first place. The crisis is often discussed as purely a technical mishap involving housing... View Details

Keywords: Lynn Paine; Colleges, Universities, and Professional Schools; Educational Services; Finance; Management, Scientific, and Technical Consulting Services; Professional Services

2010
Article

M@n@gement in Times of Economic Crisis: Insights Into Organizational Ambidexterity

By: Achim Schmitt, Gilbert Probst and Michael Tushman

Keywords: Management; Financial Crisis; Organizations

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May 2013
Teaching Plan

High Wire Act: Credit Suisse and Contingent Capital

By: Clayton Rose and David Lane

Late in 2010, Credit Suisse CEO Brady Dougan and his team considered whether or not to issue contingent capital, which Swiss regulators would require by 2019. They faced a number of substantial issues, including: Would contingent capital actually work as conceptualized... View Details

Keywords: Financial Institutions; Capital Markets; Financial Crisis; Decision Choices and Conditions; Leadership; International Finance; Financial Liquidity; Risk and Uncertainty; Competitive Strategy; Financial Services Industry; Switzerland

May 2003
Case

Sun Hydraulics: Leading in Tough Times (A) (Abridged)

By: Linda A. Hill and Jennifer Suesse

Sun Hydraulics, 32-year-old global hydraulics engineering and manufacturing company headquartered in Sarasota, Florida; confronts tough choices due to the economic downturn in 2001. The company leadership debates how to maintain profitability and reduce labor costs... View Details

Keywords: Organizational Culture; Mission and Purpose; Financial Crisis; Crisis Management; Manufacturing Industry; Florida