In the most breathlessly anticipated move of Ben Bernanke’s young career as Fed chairman, the Federal Open Market Committee just announced that it’s cutting the Federal funds target rate by half a percentage point, to 4.75%. What does that mean? It means that the traders at the Fed’s open market desk in New York will [...]
Rakesh Khurana, the young Harvard Business School professor who made a splash five years ago with his book Searching for a Corporate Savior: The Irrational Quest for Charismatic CEOs, is back. This time, in an interesting choice for a guy who doesn’t have tenure yet, he is taking on his employer (and its ilk) with [...]
