If you have 96 minutes to spare then the Harvard Business School discussion about the US financial crisis is worth the time investment. It was recorded last Friday. The panel members:
Jay Light - Dean of HBS
Robert Kaplan - board member Harvard Management Company
Elizabeth Warren - law professor, specializing in bankruptcy
Greg Mankiw - professor of economics
Kenneth Rogoff - professor of economics and public policy
Robert Merton - 1997 Nobel prize winner for economics based on work on a new method of pricing derivatives
While each provided cogent insights into causal factors and possible solutions, which varied according to their perspective, only Liz Warren critiqued the executive compensation element of the rescue package. It was the only segment that received spontaneous applause.
No-one dealt with the greed issue that Al Wood so eloquently discussed in my last piece.
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