Remove 2017 Remove Balance Sheet Remove Operations Remove Sales
article thumbnail

How the Great Recession Changed Banking

Harvard Business

That strengthened investment banks’ balance sheets by forcing them to scale back and to change the nature of the risks they take. As a result, their balance sheets are half as large on a risk-adjusted basis, and the capital they hold against trading positions has doubled over the past decade, our research shows.

Banking 28
article thumbnail

Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business

In June 2017 the board “retired” Immelt and promoted John Flannery to CEO. So is John Rice, the head of global operations, along with CFO Jeffrey Bornstein. So far in 2017, GE is the worst-performing stock on the Dow Jones Industrial Average. Increase operating margins to 18% (by cutting expenses).

article thumbnail

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

MishTalk

Among other things, she handles the structuring and sale of bonds for schools across the state. The Corporate Fund is Chicago’s general operating fund. Chicago’s property tax revenues do not go into its general operating fund. It is not a balance sheet test, but a cash flow test.