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What GE’s Board Could Have Done Differently

Harvard Business

During Jeff Immelt’s tenure as CEO of General Electric, from 2001 until 2017, the company’s stock price fell by over 30%, a decline of roughly $150 billion in shareholder value. When Jack Welch stepped down as CEO in 2001, GE’s defined benefit (DB) plan was sitting on a surplus of $14.6

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Finally, Proof That Managing for the Long Term Pays Off

Harvard Business

New research, led by a team from McKinsey Global Institute in cooperation with FCLT Global , found that companies that operate with a true long-term mindset have consistently outperformed their industry peers since 2001 across almost every financial measure that matters. The differences were dramatic. We calculate that U.S.

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The U.S. Needs Tax Reform, Not Tax Cuts

Harvard Business

Getting tax reform done requires strong political leadership, significant input from government staffers with technical expertise, and development of a public consensus of the need for change. (For instance, getting rid of a tax credit might hurt a few companies a lot but benefit everyone else a little bit.).

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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

Kristi Culpepper is a state government official with the Commonwealth of Kentucky. Previously, she worked for the Kentucky General Assembly analyzing state and local government bond issues and tracking the state''s capital construction programs. This fund is used to pay for essential government services and activities (e.g.