Legislators in Washington are up in arms over a wave of companies pursuing overseas acquisitions so they can escape high U.S. taxes. But can the capital flight be stopped?Continue Reading →
The changing attitudes toward and laws around income taxes has been a major driver of the rise of America’s modern talent-based, knowledge economy.
Two things strike me as I study the history. First, it is hard to see the historical development of US income taxation as a gradual evolution. Rather, it is characterized by major swings. Second, it is interesting to see a very consistent cycle in the tax treatment of the super-rich. I think that today we are approaching an inflection point. ...Continue Reading →
I typed the words into the pristine white search field, hoping they didn’t land me on the NSA’s no-fly list: “How to manage a terrorist organization.”
There is a lot of academic work out there on what constitutes terrorism; the psychology of terrorists and terrorist acts; and the military precepts of asymmetric warfare. There’s not a lot on the basic management issues faced by your run-of-the-mill al Qaeda cell.
But that’s exactly what Princeton professor and former Naval officer Jacob Shapiro ...Continue Reading →
When I flew into Lagos last month – only a few days after Nigeria had confirmed its first case of the Ebola Virus Disease – the city was clearly deep in risk management mode. Government agencies were scrambling to communicate consistent information releases to locals, while international companies were lining up employees at airport departure lounges to fly them to safety. Nearby in Guinea, Liberia and Sierra Leone, the situation was even more dire, with border closures and international flight ...Continue Reading →
Access to credit is a key constraint for entrepreneurs. And limited credit is in part caused by the difficulty of predicting which small businesses will and won’t succeed. In the past, a community bank would have a relationship with the businesses on Main Street, and when it came time for a loan, there would be a wealth of informal information to augment the loan application. Today, community banks are being consolidated and larger banks are relying more and more ...Continue Reading →
Prior to online negotiations with strangers, research participants indicated that they expected greater cooperation if photos of the strangers (whether male or female) showed more-feminine facial features, such as less-prominent eyebrow ridges and smaller noses (6.84 versus 6.05 for strangers with less-feminine features, on a 7-point expected-cooperation scale). In subsequent negotiations, participants also demanded significantly more from feminine-faced counterparts, say Eric Gladstone and Kathleen M. O’Connor of Cornell. Masculine-faced people enter negotiations with a built-in advantage, because their counterparts tend ...Continue Reading →
We’ve seen a lot of consulting “misses” over the years — polished management products and services that fail to achieve what the clients want. Often it’s because executives recruit their consultants the wrong way.
They usually start the search sensibly — looking for recommendations from respected colleagues or friends, a reputation for cutting-edge work, a portfolio of similar jobs done elsewhere, deep subject-matter expertise, and industry experience. These are all good reasons to include a firm in your initial list of ...Continue Reading →
New Wharton research finds that over the course of a work day, employees pay less and less attention to the secondary tasks that, while not as central to their jobs, can create big problems if overlooked.Continue Reading →
Originally conducted by psychologist Walter Mischel in the late 1960s, the Stanford marshmallow test has become a touchstone of developmental psychology. Children at Stanford’s Bing Nursery School, aged four to six, were placed in a room furnished only with a table and chair. A single treat, selected by the child, was placed on the table. (In addition to marshmallows, the researchers also offered Oreo cookies and pretzel sticks.) Each child was told if they waited for 15 minutes before ...Continue Reading →