Two Stanford experts on the finance industry distinguished between ethical and legal issues during a public analysis of the Securities and Exchange Commission's lawsuit against Goldman Sachs' allegedly fraudulent Abacus deal. Both came down in favor of stiffer regulation of derivative markets.
His career has taken Jonathan Reckford, MBA '89, from corporate leadership to his current post as chief executive officer with global nonprofit Habitat for Humanity. His success, he says, comes from following his faith and his heart.
Even when the news is bad, helping employees understand reality leads to success, American Express CEO and Chairman Kenneth Chenault told a business school audience.
Pulin Sanghvi, MBA '97, has been named assistant dean and director of the Career Management Center which offers career counseling and placement services for business school students.
In the next 40 years, a global power shift will see today's leading economic countries drop from having 80% of the world's income to 35%, says John Wolfensohn, former World Bank president. By 2030, two-thirds of people in the world's middle class will be Chinese.
The best entrepreneurs have a thirst for knowledge and may be willing to attempt the impossible, venture capitalist John Doerr told a student audience.
Hermitage Capital Management went from $25 million to $4 billion by investing in undervalued Russian companies. Today its founder, Bill Browder, MBA '89, says anyone investing in Russia long term "is out of their mind."
Although Nobel Laureate William F. Sharpe didn't give listeners any new advice about how to weather the current financial crisis and fill the holes in their portfolios, he did explain during a speech on the Stanford University campus how futile it is to read sure-thing investing books or watch the latest financial guru to find easy answers.
