SEC - Publications - Faculty & Research

20 Nov 2012
Working Paper Summaries

Pay Harmony: Peer Comparison and Executive Compensation

Keywords: by Claudine Gartenberg & Julie Wulf

June 2014 (Revised January 2017)
Case

Focus Financial Partners and the U.S. RIA Industry in 2014

By: Luis Viceira and Emily A. Chien

In the Spring of 2014, Rudy Adolf, CEO and founder of Focus Financial, and the two other co-founders of the firm are considering alternative growth strategies to solidify Focus Financial's position as a leading aggregator of independent wealth management firms in the... View Details

Keywords: Financial Management; Growth and Development Strategy; Business Model; Financial Services Industry

Citation

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We show that business development companies (BDCs)—closed-end funds that provide a significant share of nonbank loans to middle market firms—are very well capitalized according to bank capital frameworks. They have median risk-based capital ratios of about 36% and,... View Details

July 2013 (Revised October 2013)
Supplement

United Rentals (B)

By: Jay W. Lorsch and Kathleen Durante

In April 2012, Jenne Britell, the Chairman of the board of directors of United Rentals, Inc. (NYSE: URI) was preparing her notes for an upcoming stockholders' meeting. It was a meeting unlike most other meetings she had chaired. Stockholders were about to vote on a... View Details

Keywords: Boards Of Directors; Board Committees; Chairman; Governing and Advisory Boards; Corporate Governance; Construction Industry; North America

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Great American Business Leaders of the 20th Century - Leadership

Insurance SEC established Federal regulations prohibit false advertising Influence: Low 40 1940 19 Military spending explodes Graduated income tax, Victory Tax adopted to fund war effort Rationing Influence: Medium-Low 50 1950 19 Military... View Details

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Podcast - Business & Environment

Steven Rothstein, Managing Director, Ceres Accelerator for Sustainable Capital Markets, shares how Ceres works with corporate boards to facilitate systemic change in private sector climate action, including why boards are a critical part of the equation. He also talks... View Details

09 Feb 2024
HBS Case

Slim Chance: Drugs Will Reshape the Weight Loss Industry, But Habit Change Might Be Elusive

Want to Prevent the Next Hospital Bed Crisis? Enlist the SEC How Workplace Wellness Programs Can Give Employees the Energy Boost They Need Can Amazon Remake Health Care? Feedback or ideas to share? Email the Working Knowledge team at... View Details

Keywords: by Lane Lambert; Health; Pharmaceutical

23 Apr 2024
In Practice

Getting to Net Zero: The Climate Standards and Ecosystem the World Needs Now

With each month clocking record-breaking temperatures across the planet, this Earth Day reflected the renewed urgency of regulators and businesses to find climate-change solutions. The US Securities and Exchange Commission recently adopted new rules that will mandate... View Details

Keywords: by Rachel Layne

07 Apr 2023
Research & Ideas

When Celebrity ‘Crypto-Influencers’ Rake in Cash, Investors Lose Big

and Exchange Commission. The SEC has been slow to issue the regulatory clarification requested by crypto companies, but has charged more than a dozen influencers with violating US securities law and recently warned investors about... View Details

Keywords: by Kristen Senz

10 Dec 2021
Research & Ideas

Truth Be Told: Unpacking the Risks of Whistleblowing

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

Keywords: by April White

07 Jul 2008
Research & Ideas

Innovation Corrupted: How Managers Can Avoid Another Enron

and SEC regulations. “Even a hint of negligence or misconduct can be devastating to a company.” Throughout the ensuing trial, Skilling and Lay strenuously denied knowledge of any conspiracy to defraud shareholders, despite the fact that... View Details

Keywords: by Martha Lagace; Energy; Utilities

30 Aug 2023
Blog Post

I’m From the South and Going Back: Why HBS Was the Best School for Me

Nowhere have I felt as celebrated or heard as I have here at HBS - my background that generated the sources of self-doubt early on has actually led to my greatest contributions. I've introduced peers to the fanaticism of SEC sports, the... View Details

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Investing in Emerging Industries | Baker Library | Bloomberg Center | Harvard Business School

SEC (Securities Exchange Commission) to regulate the securities industry. Addressing the SEC in November 1936, Robert Lehman noted, any individual “will, through the very fact of control of a substantial... View Details

17 Jan 2018
Research & Ideas

If the CEO’s High Salary Isn't Justified to Employees, Firm Performance May Suffer

onto, but at the same time, it’s not really fair, and it won’t capture what regulators are hoping to capture,” Rouen says. Once the new SEC disclosure rule comes into play, firms should brace for some worker disgruntlement. “When you... View Details

Keywords: by Dina Gerdeman

13 Dec 2022
Research & Ideas

The Color of Private Equity: Quantifying the Bias Black Investors Face

groups by combining information from data analytic firms like Burgiss and PitchBook with SEC filings and research from public sources like LinkedIn, news articles, commercial datasets, and private communications. The researchers noted... View Details

Keywords: by Pamela Reynolds; Financial Services

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Shad Hall | About

Netherlands. Known for his dedication to the highest ethical standards during a distinguished, three-decade career in investment banking, Shad (MBA 1949) became the first Wall Street executive to head the SEC in 50 years when he was... View Details

27 Jan 2023
Op-Ed

Have We Lost Sight of Integrity?

They have been found guilty and sentenced to prison sentences of 11 and 13 years, respectively. Former McDonald’s CEO Steve Easterbrook agreed to pay a $400,000 fine and accept a five-year ban on serving on public company boards on January 9 for making misleading... View Details

Keywords: by Bill George

06 Oct 2003
Research & Ideas

The Problem with Hedge Funds

management of his or her fund than during the Internet bubble. We need a study as to the impact of the funds to see what, if any, new regulations are required. On July 26, 2002, the SEC wrote to major hedge funds asking them to fill out a... View Details

Keywords: by D. Quinn Mills

02 Jul 2018
Research & Ideas

Corporate Tax Cuts Don't Increase Middle Class Incomes

statement about whether income inequality is bad or good or how tax cuts should be structured. “Compensation and income inequality are very relevant to managers,” Rouen says. “This is something that they’re now having to deal with in terms of View Details

Keywords: by Roberta Holland

Fast Answer

Insider Data from Thomson Reuters Ownership Data

href="https://www.library.hbs.edu/Find/Databases/WRDS-Wharton-Research-Data-Services" target="_blank" title="WRDS">WRDS. Please note: Thomson Reuters Ownership data (formerly called Spectrum) is not a clean set of data. This is mostly due to reporting... View Details

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