Delaware law protects against board abuses by prescribing two well-known duties members owe to stockholders.
By Scott Kupor
FORTUNE -- Here's a catch-22: While someone starting a cosmetics company, for example, would prefer to surround themselves with the best and brightest in both industry domain expertise (someone who knows the cosmetics industry) and functional domain expertise (someone who knows direct-to-consumer marketing), they'd probably do exactly the opposite if their company were MOREApr 18, 2014 11:01 AM ET
Internships aren't jobs, so the same rules shouldn't apply.
By Sanjay Sanghoee
FORTUNE -- As we head from spring into summer, many college students are planning their vacations while those looking to get their first taste of the working world are likely hunting for internships.
It is estimated that U.S. companies hire about 1.5 million interns each year, half of them on an unpaid basis. Working for free might not be a MOREApr 17, 2014 10:45 AM ET
Eventually, every firm will discover that it's quite possible to manage without managers.
By Gary Hamel
(TheMIX) -- If you've spent a lifetime accumulating and wielding bureaucratic power, and if you've calibrated your career progress by the steps you've taken up the corporate ladder, or by the number of people who work for you, or the perks you've been awarded, or the scope of your authority, then envisioning a world in MOREApr 16, 2014 1:28 PM ET
The law school recently cut its sticker price by 15%. Dean Nicholas Allard explains the school's rationale.
By Maya Itah
(TippingTheScales) -- When Brooklyn Law School announced earlier this month that it would cut tuition by 15%, it sounded less like a briefing and more like a battle cry.
"It's not just the 15% that we're reducing here," Brooklyn Law Dean Nicholas Allard says of the cut, which will go into effect MOREApr 15, 2014 10:56 AM ET
As companies compete on innovation and speed, decision-making comes less from executives at the top. Here are five ways to instill leadership across your organization.
By Deborah Ancona
FORTUNE -- Organizational change has never been easy, but in the past it was a little more straightforward. Fifty years ago, companies followed a basic blueprint. They had heroic leaders -- a CEO and an elite top layer of management -- who had MOREApr 15, 2014 10:44 AM ET
Many challenges at the office come down to managing our own personalities.
By John D. Mayer
FORTUNE -- Most of us would prefer to get through the workday without a scuffle. After all, very few of us are actively looking for a fight.
That said, getting along with our colleagues is no walk in the park, and this tension can influence our performance. Sometimes, an employee in our department is simply the MOREApr 14, 2014 12:57 PM ET
Exorbitant payouts to executives for leaving violates the idea of pay-for-performance.
By Sanjay Sanghoee
FORTUNE – Now that David Letterman is leaving his Late Show on CBS, his former protégé Craig Ferguson reportedly stands to make at least $8 million -- but not for replacing him, since Stephen Colbert has actually landed that gig. Ferguson gets compensated simply for not landing Letterman's spot, which effectively means he wins by default while CBS loses millions.
Talk about a MOREApr 11, 2014 11:19 AM ET
For at least a decade, parents have become deeply involved in their children's undergraduate admissions process. Those same parents are now taking the graduate schools by storm.
By John A. Byrne
(Poets&Quants) -- The call came in at midnight on the eve of Harvard Business School's round two admissions deadline this past January.
Stacey Oyler, an MBA admissions consultant for Clear Admit, was used to getting late-night calls from clients. After all, MOREApr 10, 2014 1:25 PM ET
The best teams are small, have many women, and know how to have a good fight.
By Robert Sutton
FORTUNE -- My Stanford University colleague, Huggy Rao, spent seven years studying how organizations scale up excellence. We discovered that the process happens largely through teams -- by growing new teams at the right rate in the right way and weaving together the efforts of multiple teams across the company.
Such MOREApr 10, 2014 10:36 AM ET
Seasoned team leaders share their top tips for getting the most out of your work groups.
By Jennifer Alsever
FORTUNE -- Some of the best performing corporations and institutions are those that encourage and enable teamwork—in the C-suite, within groups and across divisions. The secret to a great team is not simply about having the most experienced or smartest people on board. Here are 5 ways to build a top-performing team:
Push MOREApr 10, 2014 7:25 AM ET
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