Woolley’s Ten-Point Manifesto

A 10-point memorandum targeted at what Woolley calls giant funds, the custodians of social wealth, which he defines as sovereign funds, corporate and public pension funds and university foundations and endowments. Woolley’s thesis is that these giant funds have become unwittingly complicit in the creation of a vast unstable monster that the global financial system has … Continue reading

What good is Wall Street?

notes and quotes from Cassidy, John. “What Good is Wall Street?” The New Yorker. 29 November 2010. Big banks have transformed themselves from businesses whose profits were tied to the needs of their clients to huge trading houses whose focus is exploiting daily movements in markets. Constant need to invent new financial products to sell — this … Continue reading

Banks and Business Owners

What bankers are looking for — how to prepare yourself and your business in order to get a loan (via EHow, “What do bankers look for in a business plan?”) Think like a lender — the lender will need to know: How your business will run and why you think you will earn profit. How you … Continue reading

What Do Bankers Do?

via The World of Wealth, “What Does a Banker Really Do?” Bankers are people whose job is to raise loans and deposits. Some are commercial bankers (focusing on businesses) and some are personal bankers (focusing on individuals). So my job, when it’s boiled down, is to originate loans. I do a lot of real estate stuff … Continue reading

Niche Market Banks

Tribe introduced www.niche-banking.com in 2011, meant to be offer “banking experiences for niche communities.” These banks are online only, very specifically targeted. Is this really a way to “make financial services more relevant to customers?” The first niche bank launched was Wag, meant for dog lovers. The website is not yet a functioning bank, but it intends to … Continue reading

Banks!

Banks –  Concerns for Startups  (via Pinsky Law, “Banks“) Banks are a major source of both short term and long term funding for many conventional companies. Through borrowing, an entrepreneur is able to acquire the funds he needs to operate his business without giving up control of a business. For startups the principal problem with … Continue reading

The Giant Pool of Money

notes on Blumberg, Alex and Adam Davidson, “The Giant Pool of Money”  This American Life 355, 9 May 2008. There is this long chain of people that starts with these Wall Street guys and ends with people who stand to lose their houses. And all along that chain there were bankers, and brokers, and investors, and … Continue reading

Is the Party Over?

[commenting on Sherman’s “The Emasculation of Wall Street”] notes on Lavelle, Louis. “Wall Street: Is the Party Over for MBAs?” Bloomberg BusinessWeek (online). 7 February 2012. – Big cuts in compensation have been accompanied by a decrease in recruiting and hiring of baby investment bankers. -Probably has the most to do with an oversupply problem — there … Continue reading

The End of Wall Street As They Knew It

notes on Sherman, Gabriel. “The End of Wall Street as they Knew It.” New York Magazine. 5 February 2012. From the outside, the seven- and eight-figure payouts that star bankers earned could seem obscene, immoral even. But on the inside, the outlandish compensation reflected a strict, almost moral logic. -Wall Street as meritocracy means that the bonuses are … Continue reading

Leadership and Management Principles

from the Baldridge Criteria for Performance Excellence, which are meant to to “help organizations assess their improvement efforts, diagnose their overall performance management system, and identify their strengths and opportunities for improvement.” Maintain an effective mission statement – Vision, Mission, Purpose, and Values Identify the key stakeholders of your organization, those important groups that are … Continue reading

Management Theory and History Pt. 3: Management Science

Management science The management science school emerged to treat the problems associated with global warfare. Today, this view encourages managers to use mathematics, statistics, and other quantitative techniques to make management decisions. Operations management Operations management is a narrow branch of the quantitative approach to management. It focuses on managing the process of transforming materials, … Continue reading

Management Theory and History Pt 2: Behavioral Management

Behavioral management The behavioral management theory is often called the human relations movement because it addresses the human dimension of work. Behavioral theorists believed that a better understanding of human behavior at work, such as motivation, conflict, expectations, and group dynamics, improved productivity. Elton Mayo’s contributions came as part of the Hawthorne studies, a series of experiments that rigorously applied … Continue reading

Gilbreth Motion Studies

Husband and wife team Frank and Lillian Gilbreth contributed to scientific management (Taylorism) with their Motion Study work, meant to analyze and increase efficiency in production. The Gilbreths proposed a technical language, allowing for the analysis of the labor process in a scientific context.The Gilbreths made use of scientific insights to develop a study method … Continue reading

Gantt Charts

A Gantt chart is a type of bar chart, developed by Henry Gantt, that illustrates a project schedule. Gantt charts illustrate the start and finish dates of the terminal elements and summary elements of a project. Terminal elements and summary elements comprise the work breakdown structure of the project. Gantt charts have become a common … Continue reading

David: Day 4, Thursday — Investment Firms

So much good stuff today! Head is reeling. Things I remember— Randy, thank you so much for coming and talking with us, and staying so much longer than we had asked! Stuff randy told us: Women have Big Swinging Dicks too Trading screens — prices blink when the price moves, blink red when go up, … Continue reading

David: halfway through 1st workshop

So I’ve been bad about blogging the workshop — mea culpa, mea maxima culpa. But will try to make up for it as I utilize the (spotty) wifi on Amtrak, coming into the city for day four. We’ve organized this workshop to spend each day (roughly) looking at one of our six groups — Monday … Continue reading