by Bruce | July 31, 2012 | Articles, Compensation, Cultural Considerations, Leadership, Partnership Structures
Last week we published a column noting that today “discussion of incentives often begins from the false belief that only cash can influence behavior.” This remark—the heart of the piece in as few words as possible—prompted a regular reader to offer a...
by Bruce | July 25, 2012 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures
ITN (a British-based independent news service) recently published a poll finding trust in the financial sector is at an all-time low, with just 10% of respondents believing bankers tell the truth. This puts bankers even lower than journalists and politicians. Yet if...
by Bruce | June 25, 2012 | Articles, Compensation, Cultural Considerations, Globalization, Leadership, Strategy
The one question I’m asked most frequently these days, in the aftermath of Dewey, is "Who’s next?" Even if I had an answer to that—which is, as one apocryphal job applicant replied when asked his greatest weakness, "for me to know and...
by Bruce | May 25, 2012 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
The conventional wisdom has quickly coalesced around how all right-thinking folks ought to view Facebook’s IPO: It was a disaster. Some reasons for this view (NASDAQ’s humiliating meltdown, three shareholder class actions are already pending against FB)...
by Bruce | May 14, 2012 | Articles, Compensation, Cultural Considerations, Finance, Leadership, M&A, Partnership Structures, Strategy
Beginning to emerge are lessons from the implosion of Dewey. I’ve believed, and written, for some time that the root causes of the failure, which is massive, spectacular, tragic, and utterly unnecessary, were self-inflicted: Unintentional suicide by drug...
by Bruce | May 5, 2012 | Articles, Compensation, Cultural Considerations, Finance, Leadership, M&A, Partnership Structures, Strategy
OK, so we’re not quoted in the New York Times every day, and today we were, at not inconsiderable length, about Dewey. Here’s the The New York Times piece published on the front page of today’s Business section, by James Stewart. The photo is of...
