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Financial Innovation: A Risky Business?
We are pleased to announce that "Financial Innovation: A Risky Business?" aired on Sunday, March 24 at 7 PM on WNET/THIRTEEN!
This event was presented by Fred Friendly Seminars in partnership with the Sanford C. Bernstein & Co. Center for Leadership and Ethics, and was part of Columbia Business School’s Individual, Business and Society (IBS) curriculum. This interactive discussion explored the value of financial markets, the interaction between government and innovation, and what role markets should play in society.
Moderated by Professor Robert Jackson of Columbia Law School, the recipient of the 2012 Willis L.M. Reese Prize for Excellence in Teaching.
David Abrams, Managing Member, Abrams Capital
Caroline Baum, Columnist, Bloomberg
Ed Conard, former Managing Director, Bain Capital
Wilson Ervin, Senior Advisor to the CEO, Credit Suisse
Representative Barney Frank, US Congress and former chairman of the House Financial Services Committee
Gary Gensler, Chairman, Commodity Futures Trading Commission
Linda Gibbs, Deputy Mayor of New York City
Robert Solow, Nobel Prize Laureate
Alicia Glen, Managing Director, Goldman Sachs, and adjunct professor, Columbia Business School
Bruce Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia Business School
Blythe Masters, Head of Global Commodities, JPMorgan
Andrew Ross Sorkin, Co-anchor of CNBC's Squawk Box, and Financial columnist for The New York Times
Peter Stringham, CEO, Young & Rubicam Brands
About the Socratic Dialogue Method
The unique Fred Friendly Socratic Dialogue format, devised by the late president of CBS television news and producer for Edward R. Murrow, uses hypothetical scenarios and role-playing to explore how decisions are made and what their impact will be on a variety of constituents. The moderator guides the panel through a scenario that, as it unfolds, reveals the dilemmas, the choices and the decision-making processes confronting all sides in concrete situations. To watch “Anatomy of a Hostile Takeover”, the 1987 video featuring industry leaders such as T. Boone Pickens; chief executives from James Bere (Borg-Warner), Robert Mercer (Goodyear), and Warren Buffett (Berkshire Hathaway); Sir James Goldsmith; Rudy Giuliani (former US Attorney, Southern District of NY); Frederick Joseph (Drexel Burnham Lambert); John Gutfreund (Salomon Brothers) and others, that inspired this event please click the VOD link here.
Research Insights on Leadership and Ethics
Assistant Professor of Finance and Economics
"Banks in India...the accounts are not well used...This may be because they have to walk the 3km to the bank; or it may be due to other obstacles, such as procrastination.”
Read the Research
Jack R. Anderson Professor of Business
"The industry has developed general principles on which portfolio risk should be decomposed but actually determining the risk contributions can be difficult in complex portfolios.”
Read the Research
Senior Vice Dean and Paul Calello Professor of Leadership and Ethics
"Those in a homogeneous group put much less effort into the task at hand in part because they were more interested in avoiding conflict. Diverse environments allowed people to focus on the task instead of their social relationship."
Read the research
Professor of Finance
“What makes countries rich is how productively they use their resources…Once a (more productive) technology is introduced, do people use it? Why aren’t people using the most improved technologies to begin with?”