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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. Fortunately, in December of 2017 GE’s board downsized from 18 members to 12. The Board Had No Finance Committee.

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CEO Oasis: Relief for “Loneliness at the Top”

Emerson Consulting Group

For months now, Steve has been struggling over cash-flow problems with no solution in sight. Coming up with each new payroll has been terrifying him more and more as each deadline demands yet another inventive solution for meeting that period’s payday.

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Give Your Team the Freedom to Do the Work They Think Matters Most

Harvard Business

By 2017 it had grown organically to $12.79 In 2017 and 2018 , Decathlon was ranked the #1 Great Place to Work in France. Michelin is a huge company in a relatively mature industry, but it has still managed to nearly double its free cash flow since 2015, to €1.509 billion ($1.75 billion in revenue in 2013.

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Hospital Budget Systems Are Holding Back Innovation

Harvard Business

Nearly 800 digital health startups were funded in 2017, an all-time high. A department running over its budget during a fiscal year must reduce its expenditures to meet the annual spending target regardless of the consequences in future years. Gillian Blease/Getty Images. health care system. Problem 2: Rigid annual operating budgets.

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Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business

That deal sent the price of Brent crude oil to above $70 a barrel in January, after the industry that had suffered through $54 per barrel oil on average in 2017. oil supply may be enough on its own to meet all of this year’s growth in global oil demand. These increasingly efficient survivors now represent half of U.S.

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

MishTalk

Although most governments are required to balance their budgets on a cash flow basis each fiscal year, a structural budget gap can arise when recurring expenditures are greater than recurring revenues. Of course, Chicago would also have to meet the other eligibility criteria. It is not a balance sheet test, but a cash flow test.