The Golden Passport
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Orth, Charles, 398
Orwell, George, 379–80
Osgood, Mary Elizabeth, 237
O’Toole, James, 224
Overdorf, Michael, 303
Ovitz, Michael, 371
Paine, Lynn Sharp, 437
Palepu, Krishna, 408–9, 521
Palihapitiy, Chamath, 329–30
Palmisano, Sam, 404
Pareto, Vilfredo, 78, 81, 111, 112, 113, 244
Parker, Dorothy, 23
Parks, Sharon, 437
Parsons, Talcott, 356–57, 244
Pascal, Amy, 534
Patton, Arch, 538–39
Paulson, Hank, 74, 466, 475–77, 561; financial crisis of 2007–10 and, 548; Goldman Sachs and, 477–78; HBS given $400 million, 478; Paulson Institute, 561
Paulson, John, 68, 466, 477–79, 531, 533, 535
Pechter, Richard, 468
Peck, Gregory, 186
Pellegrini, Paolo, 478
Perkins, Donald, 106, 332
Perkins, Thomas, 120, 127, 322
Pershing Square Capital Management, 466, 479, 481
Person, Harlow, 38
Pestillo, Peter, 163
Peters, Tom, 417, 513
Petriglieri, Gianpietro and Jennifer, 311, 313
Pfeffer, Jeffrey, 314, 317, 424
Pickens, T. Boone, 367
Piff, Paul, 313
Piketty, Thomas, 5, 281, 540, 544
Piper, Thomas, 401–2, 403, 437, 527
Platt, Gerald, 356–57
Platten, Donald, 157
Podolny, Joel, 236, 439–40
Poets & Quants, 410, 493, 561, 574
Poor, Henry Varnum, 244
Poor, Lucy, 244
Porras, Jerry, 492
Porter, Eduardo, 362
Porter, Michael, 155, 251, 261, 296, 299, 377, 378, 411–27, 443, 447, 453, 458, 503, 525, 542, 554, 557, 572, 575; advising nations, 421–22; consulting for NFL and, 403; critics of, 417, 424–25; “Five Forces” framework, 413, 415, 416, 422; generic strategies of, 413; impact on HBS, 422–23; Initiative for a Competitive Inner City, 421; Lifetime Achievement Award, 416; monetizing, 419; Qaddafi as client, 405–7, 420, 423, 567; Reagan and, 419; speaking fees, 410; survey of HBS alumni, 425–26; as a university professor, 423; value chain idea, 414; works by, 414, 417, 419, 421, 486. See also Monitor Group
Portland State University School of Business Administration, 450
Powell, Colin, 273
Powell, Joseph W., Jr, 125
Power Elite, The (Mills), 188–90, 196, 197, 219
Practice of Management, The (Drucker), 183
Prahalad, C. K., 300
Pratt, John, 216
Presidio Graduate School, 561
Preventing Regulatory Capture (Moss), 249
Price of Inequality, The (Stiglitz), 165
Principles of Scientific Management, The (Taylor), 35
“Private Entity with Public Pretensions,” 125
Probability and Statistics for Business Decisions (Raiffa), 216
Problems in Industrial Accounting, 116
Procter & Gamble, 142, 191, 211, 289, 460; community and, 192; growth, 191; HBS grads on its board, 191; Morgens as CEO, 190–93
productivity, 36, 40, 165, 491; lighting and, 83, 87; Mayo’s theories, 80, 84–86; Taylorism and, 39
Profit Beyond Measure (Johnson), 445
“Profits Without Prosperity” (Lazonick), 377
“Public Looks at Business, The” (David), 142
Pusey, Nathan M., 127, 335
Putnam, Robert, 56, 391
“Putting Integrity into Finance” (Jensen), 378
Qaddafi, Muammar al-, 405–7, 420, 567
Questrom School of Business, Boston University, 235
Raab, Sidney, 289
Radcliffe College, 238, 239: Harvard-Radcliffe Program in Business Administration, 151, 239, 240
Raiffa, Howard, 215–18, 336–37, 355
Rajaratnam, Raj, 211
RAND Corporation, 258, 272, 275
Random Walk Down Wall Street, A (Malkiel), 411
Rangan, V. Kasturi, 475
rational choice theory, 275
RCA, 335; HBS’s Executive Education and, 151
Reagan, Ronald, 160, 163, 371, 387, 419, 422, 430, 474
Redefining Corporate Soul (Cox), 492
Redefining Health Care (Porter), 421
“Re-engineering Work: Don’t Automate, Obliterate” (Hammer), 301
Reich, Robert, 425, 426–27
Reinhardt, Forest, 560
Relevance Lost (Kaplan and Johnson), 297, 443
Relevance Regained (Johnson), 446
“Remuneration” (Jensen and Murphy), 375
Replogle, John, 561
Rethinking the MBA (Datar et al), 564
Riesman, David, 184, 185–86, 350
Rio Tinto, 209, 543–44
Rise and Fall of Strategic Planning, The (Mintzberg), 262
Rivkin, Jan, 419, 425, 542
RJR Nabisco, 209, 371
Robinson, James D., III, 106, 128, 209, 255
Roby, Joe, 468
Rock, Arthur, 120, 319–21, 328, 329
Rockefeller, John D., 12, 28, 38, 44, 57, 77, 79, 373
Rockefeller, John D., Jr., 71, 142, 145, 220
Rockefeller, Laurence, 322
Rockefeller, Nelson, 289
Rockefeller Foundation, 90, 112, 211; as HBS benefactors, 81, 82–83
Rockefeller General Education Board (GEB), 44, 97
Roeder, George, 289
Roethlisberger, Fritz, 85, 89, 118, 222, 238, 308, 355
Romeo and Juliet (Shakespeare), 397
Rometty, Ginni, 404
Romney, George, 507
Romney, Mitt, 332, 419, 501, 506–10
Romney, Tagg, 419, 506
Roosevelt, Franklin Delano (FDR), 101–3, 123, 131–32, 136, 139, 200; New Deal, 122, 161, 192
Roosevelt, Theodore, 16, 22, 37, 244, 441
Roots, Rituals, and Rhetorics of Change, The (Augier and March), 220
Rose, Charlie, 17, 570
Rose, Clayton, 236
Rosenberg, Nathan, 535
Ross, Stephen M., 533
Rost, Joseph, 197
Rothenberg, Jim, 535
Rothkopf, David, 388
Rothrock, Ray, 322
Rotman School of Management, University of Toronto, 235, 283, 419
Rottenberg, Jennifer, 536
Ruane, Bill, 169
Rubin, Bob, 469
Rubio, Marco, 508
Rude Awakening (Keller), 247
Rudenstine, Neil, 423
Ruggles, Clyde, 131
Sabine, Wallace, 34
Sabrina (film), 183–84
Sachs, Samuel, 474
Sachs, Walter and Paul, 474
Saez, Emmanuel, 540, 544
Sahlman, William, 301, 328, 331, 332, 333, 480, 494
Salmon, Walt, 332, 333, 356
Salter, Malcolm, 521
Sandberg, Sheryl, 74, 241, 534
Sanders, Thomas, 116
Sargent, Ron, 333
Sarofim, Fayez, 328
Sass, Steven A., 286
Scale and Scope (Chandler), 14, 230, 246, 247, 248
Scalia, Antonin, 334
Schacht, Henry, 128
Schlaifer, Robert, 215, 216, 218, 355
Schlesinger, Leonard, 235
Schmoller, Gustav von, 21, 27, 48
School of Business Administration, University of Western Ontario, 228
Schumpeter, Joseph, 243, 244, 348
Schwarzman, Stephen, 76, 394, 466, 470, 531
Sculley, John, 320
Sears, F. B., 26
Securities and Exchange Commission, 169, 38, 430–311, 469, 478, 548
Sehdev, Jeetendr, 535–36
Seidler, Lee J., 345
Selfridge, H. Gordon, 105
Sender, Claudia, 241
Seneca the Younger, 167, 168
Senior, Nassau William, 273–7
4
Sequoia Fund, 169, 322, 469
Servan-Schreiber, Jean-Jacques, 230
Serving America’s Business? Graduate Business Schools and American Business, 1945–60 (Aaronson), 194, 197, 247
7 Habits of Highly Effective People, The (Covey), 492
Shad, John, 169, 430–32; HBS ethics endowment, 431–32, 436–37
Shaeffer, Charles, 106
Shames, Laurence, 168, 169–70, 172, 173–74, 177, 281, 435, 529
Shaping the Waves (Cruikshank), 324
Shapiro, Benson, 300, 332, 333
shareholder value/profit-driven management, 6, 10, 36, 298, 315, 360–64, 366, 418, 442–43, 454, 469, 491, 524, 550, 567
Shaw, Arch, 43, 47, 116, 293
Sherman Antitrust Act, 200
Sicilia, David, 248, 251, 370
Siegel, Jeremy, 424
Siegel, Martin, 380
Silicon Valley, 234, 319, 321, 328; HBS grads and, 323; HBS outpost in, 328, 494; Rock and, 319–21
Simpson, James, 69
Skilling, Jeff, 76, 437–38, 456, 502, 512–24, 525
Skinner, Wickham, 498
Sklair, Leslie, 388
Slichter, Sumner H., 160
Sloan, Alfred, 61, 194, 245, 348
Small Business Management (Hosmer), 326
Smith, Adam, 43, 73, 246
Smith, Fred, 128
Smith, George, 289
Smith, Roger, 246
Snook, Scott, 439
Social Choice and Individual Values (Arrow), 275
Social Enterprise Initiative (SEI), 475
“Social Responsibility of Business Is to Increase its Profits, The” (Friedman), 360
“Social Significance of Business, The” (Donham), 433
Social Structure and Learning Climate (Orth), 398
Sokolow, Ira, 380
Sonnabend, Roger, 173, 185
Sony, 183, 534, 537
Sorkin, Andrew Ross, 480
Spar, Debora, 362, 363
Spater, George, 289
Spector, Bert, 141, 143, 184
Spender, J.-C., 25, 27, 65, 114, 179, 180, 187, 197, 215, 224–25, 259, 281–82, 283, 340, 369, 439, 446–47, 448, 451, 576
Spengler, Oswald, 77
Spirit of Enterprise, The (Gilder), 329
Stahlman, Mark, 301
stakeholder theory, 6, 367, 388–89, 442–43
Stamps, James, 351
Standard Oil, 90, 136, 142, 149, 191, 245, 372
Stanford Graduate School of Business, 48, 92, 120, 202, 280, 323, 343, 345, 382, 424, 494, 574; MOOC at, 572; women at, 240
Stantcheva, Stefanie, 544
Staples, 76, 238, 332–33
Steiger, Paul, 305
Stemberg, Thomas, 76, 332, 333, 509
Stephen M. Ross School of Business, University of Michigan, 92, 533, 544
Stern, Stefan, 547
Stern Strategy Group, 410
Stevenson, Howard, 325–26, 327–28, 456
Stevenson, T. K., 83, 84
Stewart, Donald A., 157
Stewart, Donald L., 157
Stewart, Matthew, 31, 35, 36, 77, 83, 85, 87, 205, 309, 415–16, 418, 511
Stewart, Thomas A., 305
Stiglitz, Joseph, 165
Stone, Nan, 302–3, 317
strategy, 257–61; Andrews and situation specific, 458; CEO as strategist in chief, 415–18; Chandler’s analysis, 245, 248, 251, 252; Chandler’s maxim, 443; HBS curriculum claims, 484; HBS’s Business Policy course, 416; historical HBS view, 413–14; industry paradigm, 413; Kaplan vs. Johnson, 442–52; Porter and, 413, 414, 422, 427, 443, 458; the positioning school, 416; quantitative orientation, 458; three assumptions, 415–16; Toyota, 450, 452
Strategy (Freedman), 259, 342
Strategy and Structure (Chandler), 194, 204, 245, 246, 247–48, 257
Straus, Herbert, 69
Straus family, 104
Stringer, Howard, 534
Student Small Business Placement Program (SSBPP), 327
Subliminal Seduction (Key), 288
Suicide (Durkheim), 77–78
Sumitomo bank, 205–6
Summers, Larry, 74, 334, 469, 502, 522–23, 545
Sun, Anthony, 322
Superclass (Rothkopf), 388
SuperCorp (Kanter), 404
Sustainability Accounting Standards Board (SASB), 561–62
Swope, Gerald, 69, 105
Taeusch, Carl, 94
“Takeovers: Folklore and Science” (Jensen), 370
Takeuchi, Hirotaka, 235, 427
Tarbell, Ida, 37, 56
Tata, Ratan, 157, 533, 536
TaTa Sons, 574
Taussig, Frank W., 16–17
Taylor, Bill, 301
Taylor, Frederick W., 29, 30–41, 43, 78, 86, 301, 415; Bethlehem Steel and, 32–34; at HBS, 34–35, 37, 42
Taylor, Kenneth, 161
Taylorism, 29. 32–38, 81, 84, 212, 301
Teaching and the Case Method and Education for Judgment (Christensen), 279
“Teaching the Profession of Business at Harvard” (Baker), 49
technology: Clark and updating HBS’s infrastructure, 500; fast failure, 172; HBS and Silicon Valley, 319; MBAs in Silicon Valley, 10, 120, 514. See also Rock, Arthur; Silicon Valley
Tedlow, Richard, 249, 263
Teele, Stanley (dean), 19, 139, 149–50, 162, 254, 255; admission of women and, 239–40; on business ethics, 434; case method and, 279; curriculum changes by, 215, 216; on faculty “inbreeding,” 195; on grading, 175–76, 180; pro-business views, 285; retirement as HBS dean, 286
Teradyne, 125, 341
Tercek, Mark, 561
Textron, 125, 127
Thain, John, 475–77, 548
theory of the firm, 4–5, 27, 57–58, 261, 366, 370, 412, 422–23, 562, 567
“Theory of the Firm” (Jensen and Meckling), 366
Thiel, Peter, 120, 121
Thompson, Clarence, 35
Thornton, Charles “Tex,” 192, 265–66, 270, 292
Thrift, Nigel, 490–91
Thunderbird School of Global Management, 551
Time Inc., 241; HBR editorships and, 302–3, 305, 306
Time magazine, 105, 135; business faculty and outside consulting, 401; Doriot profile, 126–27; MBAs at the DOD, 272; Nohria in, 569
Tocqueville, Alexis de, 12
Toyota, 450, 452
Trade Union Fellowship Program, 151, 160–66
Transnational Capitalist Class, The (Sklair), 388
Traub, Marvin, 169, 171
Trippe, Juan, 538
Tripsas, Mary, 404–5
True North (George), 315
Truman, Harry, 136, 467
Trump, Donald, 511, 575
Trumpbour, John, 432
Tuck School, Dartmouth, 11, 19, 38
Tufano, Peter, 235, 520
Turkish Institute of Business Administration, 30, 231
Turner, Ted, 430
Twain, Mark, 258
Tyco, 381, 491, 520
Universities (Flexner), 97
University of Chicago, 116, 260, 275, 378; free market tradition and, 366
University of London, School of Management, 311
USA (Dos Passos), 41
U.S. Air Force Academy, 192–93
U.S. Defense Department: MBAs at, 272; McNamara reorganizes, 272–73
U.S. economy: average income (1949), 144; capital investment, 343; consumption-based, 185, 193; corporate layoffs (1990s) and, 492; crisis of 1907, 23; decline, American managers and, 342–52; distressed (1893–97), 23; early 1970s, 386; effect of shareholder value ideology, 372–73; federal regulation and, 102, 103, 108, 122, 131–32, 133, 200, 244, 347, 357, 358, 367, 385, 386–87, 430, 504–5, 513; financial crisis of 2007–10, 2, 372, 381, 425, 471, 476, 477, 525; 545–53; GDP, 144, 171, 193; government role in, 5, 7; Great Depression, 59, 62, 79, 95, 96, 101, 107–10, 112, 132, 144, 167, 201, 434; growth (1939–44), 182; HBS graduates and, 198; HBS influence on, 8, 9, 545–53; hostile
takeovers and leveraged buyouts and, 362, 367, 369, 370–71, 380, 430, 463; income inequality and, 56, 165–66, 463, 539, 544; Keynesian ideas and, 386; loss of industry in, 343–44; manufacturing (1949), 144; New Economy, 490–91, 492, 514–15; peacetime federal budget, 193; personal debt, 193; postwar economic boom and, 167–74, 349; R&D spending drop, 347; railroads and, 251; recession of 2001, 381; redistribution of wealth in, 462; regulatory and legal reforms (1903–14), 56; rise of “neoliberalism,” 385; “trans-national capitalist class” and, 8; Wall Street distortion and, 10, 466, 575
Useem, Jerry, 572
Useem, Michael, 189
U.S. Treasury, 73, 74
U.S. War Department, 135–39
Uyterhoeven, Hugo, 153
Valeant Pharmaceuticals, 480, 481, 482
“Value Maximization, Stakeholder Theory, and The Corporate Objective Function” (Jensen), 373–74
Vanderblue, Homer, 73
Vanity Fair, 188, 519
Van Maanen, John, 80, 309–10, 392–95
Van Slyke, John, 328
Veblen, Thorstein, 95
Venrock, 320, 322
venture capital, 61, 120–21, 125, 127–28, 328; Doriot and ARD, 124–28; Harvard MBAs and, 320–22, 329–30, 332; unicorns, 320, 327. See also specific firms
Vietnam: A History (Karnow), 272–73
Vietnam War, 3, 264, 272–74, 276, 343, 354, 358
Vietor, Richard, 249, 560
Visible Hand, The (Chandler), 246, 250, 446
Visiting Committee, 42–43, 67, 104–5, 140, 189, 283, 254–55
Von Neumann, John, 97
Wagner, Jeanette Sarkisian, 157
Wagner Act, 201
Waite, Charles, 323
Walker, George Herbert, 467
Walker, Ross G., 115–18, 264, 268
Wallace, David Foster: “This Is Water,” 566–67
Wallace-Wells, Benjamin, 506, 509–10
Wall Street: American stock ownership, 467; bull market (1980s), 490; Chandler and, 244; deregulation, 469; dot-com bust, 506; Eisenhower era, 467; ethics and, 431–32, 434; HBS and, 70, 377, 465–82; HBS grads and, 168, 197, 209, 314, 354, 365, 368, 377, 453, 460, 463, 532, 544; housing market crash and, 506; influence on U.S. economy, 575; Jensen at HBS and, 365–82; MBAs and, 10, 96, 359; securities analysts, 462–63; shareholder capitalism and, 315; speculative risk and Great Recession, 381; stockbrokers’ social status, 467
Wall Street Journal, 14, 305, 493; Enron fraud and, 516–17; “To Some at Harvard, Telling Lies Becomes a Matter of Course,” 336–37
Walsh, Jim, 27
Wan, David, 305
Washington Mutual, 471, 548
Washington Post: Fouraker in, 337
Watson, Thomas, 154
Wealth of Nations (Smith), 73
Webber, Alan, 300, 301, 303
Webber, Susan, 409
Weber, Max, 244
Weill, Sandy, 469, 471
Weinberg, John, 289, 474