13 Feb. 2015 | Comments (0)
Why Twitter’s Mission Statement Matters
Believe it or not, Twitter Inc. has a perfectly respectable mission statement. CEO Dick Costolo had to point this out after a slide from an investor presentation by CFO Anthony Noto became the laughingstock of Twitter. Does it really matter if a company has a good mission statement?

09 Sep. 2013 | Comments (0)
Bill Ackman Is Just Doing God's Work
Everybody has been piling on to hedge fund manager Bill Ackman lately. I'm not joining in. He's doing God's work. Or at least the market's.

28 Jun. 2013 | Comments (0)
Who Should Actually Have Say on Pay?
There is evidence that say-on-pay votes have led British companies to make executive paychecks more sensitive to poor performance. Say-on-pay votes do have an impact. The question is, what kind of impact?

03 May. 2013 | Comments (0)
Why President Kagame Runs Rwanda Like a Business
In Western business circles, Rwandan President Paul Kagame is widely regarded as a hero. The leader of the rebel army that put a halt to the massacre of the country's Tutsi minority by its Hutu majority in 1994, Kagame has been the country's president since 2000 (and was the vice president and de facto leader before then). He has presided over an economic and social rebirth, with Rwanda making dramatic gains in health and development indicators.

29 Jan. 2013 | Comments (0)
Exit, Voice, and Albert O. Hirschman
When the management of a corporation deteriorates, the first reaction of the best-informed stockholders is to look around for the stock of better-managed companies. In thus orienting themselves toward exit, rather than toward voice, investors are said to follow the Wall Street rule that "if you do not like the management you should sell your stock."