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Noted & Quoted
“If I had been leaving Harvard in 2010, this would be the area I would want to be going into.”
— Sir Ronald Cohen (MBA ’69), a founder of the European venture capital industry, referring to his latest venture, Social Finance, a social investment bank. (London Telegraph, June 26, 2010)
“There should also be a statutory cap on leverage, a maximum speed limit, if you will, that regulators can’t loosen.”
— HBS professor David Moss commenting on the need for financial reform legislation to place limits on the amount banks can borrow for every dollar they have in capital. (Forbes, June 24, 2010)
“Your chances of getting a generally accepted best practice in your average American hospital are a coin toss. That’s not Six Sigma by a long shot.”
— HBS professor Richard Bohmer describing problems with American health-care delivery during his June 4, 2010, reunion presentation.
“Somewhere between 90 and 95 percent of all the residential mortgages this year have been insured by, guaranteed by, or securitized by the government.”
— HBS senior lecturer Nicolas Retsinas noting that the government has kept the residential housing market alive but that its role is not sustainable. (New Jersey Record, July 4, 2010)
“You may be Procter & Gamble and selling soap, but if you are in India you may also have to do housing.”
— HBS professor Tarun Khanna talking about why Western companies should consider making social investments a core feature of their business plans in emerging markets. (London Telegraph, June 26, 2010)
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