From The Economist, an article on why executive stock options are bad for business. Harold James on the perils of financial historicism. From The New Yorker, the blow-up artist: Can Victor Niederhoffer survive another market crisis? A look at the five biggest hedge fund players and just where these new “masters of the universe” spend their billions. The first chapter from Plight of the Fortune Tellers: Why We Need to Manage Financial Risk Differently by Riccardo Rebonato. The introduction to From Higher Aims to Hired Hands: The Social Transformation of American Business Schools and the Unfulfilled Promise of Management as a Profession by Rakesh Khurana.
