by Bruce | November 14, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Marketing, Strategy
Today I submitted the following book review to my friends at ALM Media. No telling if they’ll publish it, but the loyal readers of Adam Smith, Esq. deserve a look no matter whatFull disclosure: I count Bruce Marcus a friend (although I have never met or spoken...
by Bruce | November 12, 2005 | Finance, Globalization, Leadership, M&A, Strategy
I’ve written previously of my firm conviction that it’s people who make the times and not the times who make the people, and we’ve seen it in action again vis-a-vis the demise of Coudert. The two firms who pounced on the situation the fastest...
by Bruce | November 12, 2005 | Articles, Cultural Considerations, Just Plain Interesting, Leadership, Strategy
Peter Drucker, the management uber-guru who hated the term "guru," died at home in Claremont, California yesterday "of natural causes," a phrase all too rarely heard in our Big Medical Science era. I’ll leave the recitation of the facts...
by Bruce | November 11, 2005 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
In light of my post earlier this week recapping the extensive empirical evidence on the hazards (or, at least, the not-to-be-assumed, non-automatic, benefits) of shifting to a two-tier partnership model, news that Gibson-Dunn is considering just such a move is...
by Bruce | November 7, 2005 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
Last Friday I attended a presentation at Jones-Day’s Washington, DC office, hosted in their top-floor conference room with a picture-postcard view of the Capitol dome. (I’m not kidding about the postcard view; CBS News has built a broadcast booth on...
by Bruce | November 4, 2005 | Articles, Finance, Globalization, Leadership, M&A, Strategy
The AmLaw Global 100 is now out, and here they are. Quick initial impressions, with more considered analysis to follow: Next year it will definitely take $1-billion to make the top ten. For comparison, two publicly traded companies that have almost exactly...