Harold Geneen was born in Bournemouth, England, in 1910. Geneen’s childhood was spent at boarding schools and summer camps. When Geneen started work, as a runner for the New York Stock Exchange, he continued to study at night at New York University. In 1934 his hard work was rewarded with a degree in accounting. For [...]
Under pressure to hit immediate performance targets, many managers inflate earnings, often by cutting expenditures. In a recent survey of 401 top financial executives by Natalie Mizik and Robert Jacobson, 80% said they would decrease spending on “discretionary” activities like marketing and R&D to meet short term goals. It’s true that this kind of shortsightedness [...]