At a time when most executives are ready to work on their golf game, Kevin Sharer, who recently stepped down as CEO of Amgen, is taking up a new challenge as a professor at the Harvard Business School. His move offers several lessons in risk-taking.
Following its sweeping defeat in the presidential election, the Republican Party is beginning a period of reflection and rebuilding. So far, this has played out on editorial pages and airwaves in predictable ways, as one Republican pundit squares off against another. But their familiar screeching and table-banging indicate things are not yet changing for the […]
The investment-banking reformation is picking up steam, with converts joining its ranks by the day. And like the Protestant Reformation in the 16th century, it promises to be tumultuous and far-reaching, while leaving the promise of heaven just as uncertain.
Although largely overlooked by the media, California recently launched its ambitious carbon-trading program, holding a successful auction of carbon permits that raised nearly $300 million. Of course, had the auction failed it likely would have made the front pages, but its little-noticed triumph shouldn’t obscure its significance as a major step forward for the carbon […]
Three recent deals involving investment banks suggest a reshaping of the industry is underway, but beyond the perfunctory coverage of their press releases the deals haven’t drawn much attention. But each says something significant about where the industry has been – and where it might be headed.
It’s easy to dismiss the carbon market as a passing fad or an artifact of a more optimistic, pre-recession world. Yet carbon trading continues to grow, following a trail blazed by another asset class that once seemed obscure and risky but is now a cornerstone of the investing world: emerging market bonds.
If ever there was a guy who might want to disappear after a disaster, it’s Joe Girardi, manager of the New York Yankees. His team lost the American League Championship in a humiliating four-game sweep – the team’s first in thirty-six years. But instead of hiding away until spring training, Girardi went public. It’s a […]
I participated in a conference this week on the outlook for the carbon market. Yes, there really is a carbon market, and it has made big strides this year, though you wouldn’t have known it from the press. Most of the media – and our elected officials – ignore the issue. They’re blinded by outdated […]
A piece by New York Times media columnist David Carr has started a lively discussion on the practice of allowing quotes to be approved before they’re published.
The Murdochs were in the news again this week. But this time it was Elisabeth Murdoch, who grabbed headlines for her powerful speech at the Edinburgh International Television Festival. It’s a terrific speech, one of the best I’ve seen in a long time by a business leader, and it is instructive not only for media […]