Board Directors Should Be Paid Only in Equity

When a corporate scandal breaks – like the recent one at Wells Fargo or earlier ones at Lehman, Enron, or Qwest – the question is always raised: what was the board of directors doing while the managers in these companies were involved in such unprofessional behavior? The answer is that, like most of us, directors respond to incentives. And my… Continue reading

Why You Should Have (at Least) Two Careers

It’s not uncommon to meet a lawyer who’d like to work in renewable energy, or an app developer who’d like to write a novel, or an editor who fantasizes about becoming a landscape designer. Maybe you also dream about switching to a career that’s drastically different from your current job. But in my experience, it’s rare for such people to… Continue reading

Bursting the CEO Bubble

When you’re the CEO of a large organization—or even a small one—your greatest responsibility is to recognize whether it requires a major change in direction. Indeed, no bold new course of action can be launched without your say-so. Yet your power and privilege leave you insulated—perhaps more than anyone else in the company—from information that might challenge your assumptions and… Continue reading

Does Doing the Same Work Over and Over Again Make You Less Ethical?

One of the many things managers worry about is employees breaking the rules. Evidence suggests that such behavior is widespread, and it can have devastating consequences. Companies have tried many different ways to limit unethical behavior, from creating codes of conduct to implementing ethical training. But these interventions are often criticized for being ineffective. This may be because they’re too… Continue reading

The Economy of Indonesia More Promising in 2017

Indonesia is expected to end the prolonged economic slowdown, finally, in 2016. Between 2011 and 2015 the nation’s gross domestic product (GDP) continued to slide amid sluggish global growth, tumbling commodity prices and domestic changes (higher interest rate environment in 2013-2015 to combat sharply rising inflation as a result of subsidized fuel price reforms). In 2016 this prolonged slowdown will… Continue reading