December 1, 2020

Terry Burns and the New York Stock Exchange

When Terry was with Robertson & Co., he believed he was good trader. He consistently made profits for the firm, but like most other specialists, he didn’t win every time. As a result of this Terry struggled with whether or not he would be able to maintain his position. He could not figure out how to be as profitable as many of the other partners in his firm. This problem was shared by all the other members of Robertson &Co. who became part of the new firm. Some of them expressed that they were being pressured to circumvent the rules to better position themselves to make money. In other words, put themselves “in front of the public” (illegal trading).

Read the original article by Terry Burns (PDF)

NY Times Article: Looking Ahead Behind the Ivy

The pace of change in business is quickening, and business schools are scrambling to keep up. A number of prominent B-schools, the Wharton School of the University of Pennsylvania and Harvard Business School among them, have rethought their programs and are making changes to reflect the increasingly global scope of business and to improve students’ leadership and teamwork skills. Some schools are asking students to wrestle with questions about the ethical lapses that contributed to the financial crisis. Nitin Nohria, new dean of Harvard Business School and co-author of “Paths to Power: How Insiders and Outsiders Shaped American Business Leadership,” discussed the new courses, and the goals and thinking behind them.

Original New York Times article by Adam Bryant