Both the Wall Street Journal and Bloomberg Business News announced the arrest today of Martin Shkreli, who was recently made famous for prescription drug price gouging. But what got him nailed today are charges of securities and wire fraud perpetrated against his former company Retrophin in an elaborate Ponzi scheme. There’s no shortage of headlines… Continue reading Martin Shkreli Adds Fraud Arrest to His Resume
Category: Character News
When Genius Isn’t Enough: What the Character Evolution of Steve Jobs Teaches Us
by Fred Kiel Walter Isaacson’s biography made us think Steve Jobs succeeded by his genius in spite of his character flaws and abysmal management skills. The new biography by Brent Schlender and Rick Tetzeli entitled Becoming Steve Jobs claims the opposite: that Jobs should not just be remembered as a genius, but also as a skilled manager and even… Continue reading When Genius Isn’t Enough: What the Character Evolution of Steve Jobs Teaches Us
ROC Is for Leaders — at Any Level
The implications of our findings extend well beyond the executive suite and into every aspect of business operation and performance, and beyond. We offer ideas, insights, and a new approach to leadership behavior for people working at any level, within organizations of size or makeup: At KRW, we have been working with organizational leadership for nearly… Continue reading ROC Is for Leaders — at Any Level
Don’t Bet on Workers’ Selfishness
The model of “economic man” is not only passé but also counterproductive Fred Kiel In spite of the recent past turmoil in the world’s capital markets, I’m a big fan of capitalism. Still, there is a bad apple in the barrel of its foundational concepts. It’s called “homo economicus,” or “economic man.” This nineteenth-century concept,… Continue reading Don’t Bet on Workers’ Selfishness
Bet the Jockey, Not the Horse: What ROA Is and Why It’s Important
The effectiveness of a given management team can be tough to measure. If you look at it from an investor’s perspective, there are a few tried and true metrics like Net Income and P/E Ratio that can be useful for determining a company’s relative valuation, but they don’t really tell you anything about the character… Continue reading Bet the Jockey, Not the Horse: What ROA Is and Why It’s Important