Business, Politics

Recent Read: “The Cost of Political Connections”

I recently came across an interesting paper in the Review of Finance by Marianne Bertrand, Francis Kramarz, Antoinette Schoar and David Thesmar that explores the connections between CEOs and politicians in France. Though the analysis is about just one country, the paper raises bigger questions about CEOs and politicians anywhere.  Some highlights:   While previous research has focused on the advantages […]

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Business, Finance, Regulations

Wharton: “Why Corrupt Executives Are Rarely Prosecuted”

Don’t miss a great Knowledge@Wharton interview with Jesse Eisinger on his new book, The Chickenshit Club. Some highlights: Jesse Eisinger: The Justice Department has lost the will and ability to prosecute top corporate executives. They focus on settlements with corporations for money, and I think this undermines justice in America. Knowledge@Wharton: They lost the will. That’s […]

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Finance, Regulations, Society

An Hour With A CEO? Sure. Amex or Visa?

As if the financial service world did not have enough dirty laundry, the FT recently put some more rags in the basket. A piece today by Steve Johnson notes that brokers routinely sell access to the heads of some of their corporate clients to hedge fund managers and other interested parties, usually without the CEO […]

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