An opinion piece by Sydney Finkelstein on his new book Superbosses: How exceptional leaders manage the flow of talent, focusing on how to hire and vet new employees. Finkelstein writes, “If the old methods are not working, maybe it is time to be more innovative and start hiring like a superboss.”
Quotes Paul Argenti in an article on why it is difficult for the American public to differentiate between Martin Shkreli and other pharma companies. “Most people don’t differentiate between Shkreli and other companies. It’s not enough to say that he’s worse when your own prices and profits are going up. That argument isn’t working. Most people lump them together.”
Continued coverage of Superbosses: How exceptional leaders manage the flow of talent written by Sydney Finkelstein highlighting three counter-intuitive ideas on what sets “superbosses” apart from others. The book is available today.
Quotes Thad Hill T’95, CEO of Calpine, in an article on renewable power companies in Texas moving toward the use of lithium-ion battery systems. Hill says that he doesn’t see an immediate threat.
As a guest on CNN's "The Lead with Jake Tapper," former New Hampshire Governor Judd Gregg discusses GOP candidates ahead of the NH primary.
Sydney Finkelstein writes that both Super Bowl coaches—the Broncos' Gary Kubiak and the Panthers' Ron Rivera—indirectly owe their careers to Bill Walsh, the former head coach of the San Francisco '49ers.
Highlights a group of Tuck students who participated in the annual Left Bank Bordeaux Cup at the French Consulate in New York along with Yale, Wharton, and Cornell. All teams were judged on performance in multiple choice questionnaires, presentations and blind tastings.
Showtime executive Tom Christie T’85 was promoted to chief operating officer. The Los Angeles Times writes, “Christie will continue to lead Showtime Networks’ distribution, sales, affiliate marketing, network operations and new business development teams, as well as the network’s streaming service product group. Christie will also continue to have oversight of future strategies and new business ventures.”
Announces that Jim Esposito T'95, co-head of the Wall Street firm’s financing group, was named chief strategy officer of the securities division. The Wall Street Journal writes, “The role is a new one for Goldman, whose trading business has been beset by a slew of new rules designed to rein in risks at the world’s biggest banks.”
Continued coverage of Superbosses: How exceptional leaders manage the flow of talent written by Sydney Finkelstein highlighting a handful of "glorious bastard" CEOs referenced in the book.
Cites a research paper, The Impact of Venture Capital Monitoring, co-authored by Richard Townsend that showed venture capitalists do help startup firms by closely monitoring their development, and that the availability of direct airplane flights between the two parties helps improve that oversight.
Sydney Finkelstein writes that Gene Roberts nurtured a generation of prominent journalists while reviving the Philadelphia Inquirer.
Quotes Philip DeGisi T'09, chief marketing officer at the student loan refinancing company CommonBond, regarding how it's important for accepted students to speak with financial aid experts about their options for paying for school as they make plans for where to attend.
Marshall Goldsmith says, "A hundred percent of employee engagement dialogue is focused on ‘what is the company doing to engage you?’" says Goldsmith. "There's nothing on what the employee needs to do to engage themselves. You are missing half of the equation. The difference is on the inside [of the individual]."
Quotes John Lynch about New Hampshire's famous Democratic party supporter Mary Louise Hancock. The article mentions that Democratic presidential candidate Hillary Clinton spoke about Hancock with Lynch when she visited Dartmouth as part of the "America's Economic Future" series hosted by Tuck.
Espen Eckbo calls for eliminating the monopoly on managing Norway’s USD 900 billion Sovereign Wealth Fund given to the Norwegian central bank because the manager is increasingly switching from passive index strategies to active stock picking. His proposed solution is to, from time to time, hold an open auction inviting competing fund managers to bid for the job. (In Norwegian.)
Four Tuck students accompanied professor Anant Sundaram to the climate change summit. Sundaram said, “People always kind of do a double take and say, ‘What is a business school doing here?’ And I say, ‘Who is causing the emissions? Corporations. And who are the people that run those companies? MBAs.’”
Vijay Govindarajan discusses the biggest hurdles to startups in India and how the country should create a world-class reverse innovation lab—partially funded by the government. “It is the same Indians who innovate when they go abroad, but they don't innovate here, so what is really missing is incentive, capital and institutional infrastructure.”
Chris Trimble says problems in the healthcare system can only be fixed by physicians. He writes, “Policymakers, payers, and administrators can help create the right incentives and right conditions, but they cannot finish the job.”
Chris Trimble offers five things that leadership can do; push towards accountable care, make a call for proposals within your system, make bets on small full time teams that redesign and deliver better care, help cut through standing policies that block progress, and provide assistance in collecting and analyzing performance data.
Mentions Tuck as the first school to offer an MBA—starting with four students taking the Master of Science in Commerce.
An opinion piece by Sydney Finkelstein on how Jay Chiat, creative risk-taker and advertising agency founder, became a superboss.
Highlights the book Superbosses: How Exceptional Leaders Manage the Flow of Talent by Sydney Finkelstein and his definition of what it means to be a "superboss."
Quotes Stephen Pidgeon T'07 on how consulting firms hired the most MBAs at Tuck in 2015 for the second consecutive year. More than a third of Tuck’s students this year have entered consulting, with the big three—McKinsey, BCG and Bain— hiring 18 percent. Pidgeon says, "Consulting provides a very good match for the interests of MBA students in that it looks for intellectually curious people with a strong mix of hard and soft skills."
Vijay Govindarajan discusses impacting the world of business by improving management practice and academic research in American business schools. “Instead of viewing them as conflict, we should bring them together. B-schools must publish rigorous research but also inform practice with that research,” he says.
Beat the GMAT cites a recent story, Tuck Class of 2015 Enjoys Record-Breaking Career Results, that reports 18% of the class of 2015 received offers from the elite three consulting firms alone—McKinsey, Bain and BCG. The article provides examples of how Tuck students train for the industry, and also gives credit to distinguished strategy and management professors.
Vijay Govindarajan spoke about his new book, "The Three-Box Solution: A Strategy for Leading Innovation." The Hans India writes, “Dr. Vijay inspired the audience by saying that planning for future is meaningless, but preparing for the future is very critical.”
Quotes Anant Sundaram on the timing of the merger of industrial giants Johnson Controls and Tyco. "One would think that sensible, smart M&A activity should be countercyclical to the market," says Sundaram. "You want to buy something low, not when it's high!"
Sydney Finkelstein comments on recent successes and failures at McDonalds, Walmart, and other major brands.
Frederick McKinney, managing director of Minority Programs, Executive Education, offers four suggestions to increase greater access to capital for minority businesses; growing profitability, marketing future profitability, growing minority household savings, and attracting more minority savings for minority firms.
Tuck is ranked 13th among U.S. full-time programs and 22nd among MBA programs worldwide by the Financial Times. The FT rankings are calculated as an aggregation of 20 distinct measures of a school’s performance.
An opinion piece by Matthew Rees, senior fellow at the Center for Global Business and Government, on the book A Passion for Leadership by Robert M. Gates, best known as secretary of defense, first under George W. Bush and then under Barack Obama until 2011.
W. Andrew Beckstoffer T'66, owner of the To Kalon Vineyard, plans to give away Cabernet from his Amber Knolls vineyard for free to 10 worthy winemakers.
The Washington Post highlights that former Governor John Lynch, senior fellow for the Center for Global Business and Government, introduced presidential candidate John Kasich when he held a town hall at Tuck.
Sydney Finkelstein says, "Successful leaders understand that mistakes happen, and they encourage employees to speak up so that everyone can learn, adapt, and adjust in real time.”
Cites the Dimensional Funds 2015 Matrix Book written by Kenneth French giving four important points on why you shouldn't bail from stocks in your 401(k). The book compiles returns from the past 80 years and, according to Forbes contributor John Wasik, “is incredibly useful in seeing the virtues of a long-term, buy-and-hold strategy.”