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
A growing number of managers have come to the conclusion that paying more pays off -- especially for larger and more complex projects.
By Vickie Elmer
FORTUNE -- For years, companies looking to outsource labor have opted for the lowest bidders, seeking freelancers and independent contractors in India, Vietnam, and other low-wage countries via matchmaker websites and local recruiters. One site even promised all projects would cost $5 or less as the race intensified to control MOREApr 9, 2014 11:46 AM ET
Divorce is never easy. Throw in a jointly-run business and the breakup could get messier. A legal pro offers his best advice.
By Brandon Southward
FORTUNE -- Here's one good reason to heed the old adage about not mixing business with pleasure: When spouses who happen to be business partners--and there are a lot of them; 3.7 million businesses according to most recent U.S. Census data--divorce, the drama and emotion of the MOREApr 9, 2014 6:28 AM ET
Few Americans today think they have the kind of abundance of free time that futurists predicted.
By Laura Vanderkam
FORTUNE -- It seemed like simple math. In the decades after World War II, American workers were becoming ever more productive. With technology reducing the need for manual labor and better-skilled workers producing more in less time, many assumed workweeks would fall to 24 hours, if not lower. People in MOREApr 8, 2014 1:40 PM ET
Corporate responsibility may not lead to bigger profits, but it's still essential.
By Christine Bader
FORTUNE -- In her testimony to the U.S. House of Representatives this week, General Motors chief executive Mary Barra uttered a point that was music to the ears of everyone who has ever pushed for safer and more sustainable practices inside a big company.
"If it's a safety issue, there should not be a business case calculated,'' Barra MOREApr 4, 2014 3:19 PM ET
Harry Alford, CEO of the National Black Chamber of Commerce, talks about encouraging black-owned businesses -- and why he thinks Paul Ryan is right about inner-city culture.
By Brandon Southward
FORTUNE -- Harry Alford is a longtime champion of black-owned businesses owners. A veteran of corporations such as Procter & Gamble (PG) and Johnson & Johnson (JNJ), Alford about two decades ago dedicated himself to expanding opportunities for black entrepreneurs. Like MOREApr 3, 2014 5:00 AM ET
Companies should expose their vulnerabilities and own up to their mistakes.
By John Hagel III and John Seely Brown
FORTUNE -- "How's business tonight?" we asked. The UberX driver shrugged, "Better now the holidays are over." For the rest of the ride, we went back and forth on what Uber was doing with pricing and why and for how long, and how peak pricing had played out over New Year's Eve. The MOREApr 2, 2014 1:47 PM ET
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