Wage Inequality Decreased Dramatically in the 1940s. But Was This “Great Compression” a Mirage?
New research offers a stress test to a seminal economic finding.
Researchers: Carola Frydman and Raven Molloy
November 12, 2024
The Enduring Power of Bond Ratings
In 1909, John Moody handed out his first As, Bs and Cs. The market would never be the same.
Researchers: Asaf Bernstein, Carola Frydman and Eric Hilt
October 1, 2023
What Is the Purpose of a Corporation Today?
Has anything changed in the three years since the Business Roundtable declared firms should prioritize more than shareholders?
Researchers: Aaron Yoon, Ravi Jagannathan, Carola Frydman, Robert Korajczyk and José Maria Liberti
January 17, 2023
Is Maximizing Shareholder Value a Thing of the Past?
Top CEOs recently “redefined” the purpose of a corporation. Kellogg faculty weigh in.
Researchers: Carola Frydman, Ravi Jagannathan, Robert Korajczyk, José Maria Liberti and Aaron Yoon
September 19, 2019
Take 5: What Business Leaders Can Learn from the Military
Army colonels share advice on recruiting millennials, managing up, and keeping the broader mission in mind.
Researchers: Efraim Benmelech, Carola Frydman, Col. Robert Carr, Col. Brian Halloran, Michael Musso, William "Chip" Horn and Dan Friend
September 5, 2019
Should Antitrust Laws Really Be Changed, or Should We Just Enforce the Laws We Have?
A presidential assassination brought the trust-busting Teddy Roosevelt to power. The episode offers lessons for today’s antitrust regulators.
Researchers: Richard Baker, Carola Frydman and Eric Hilt
July 1, 2019
Take 5: Tips for Widening—and Improving—Your Candidate Pool
Common biases can cause companies to overlook a wealth of top talent.
Researchers: Lauren Rivera, Paola Sapienza, J. Keith Murnighan, Michael J. Mazzeo, Efraim Benmelech, Carola Frydman and Nicola Persico
September 7, 2018
Podcast: What Veterans Can Bring to Your Organization
A discussion of how former soldiers make loyal employees and trustworthy CEOs.
Researchers: Efraim Benmelech, Carola Frydman and Dan Friend
August 3, 2018
Why the Panic of 1907 Led to a Recession
Understanding this history sheds light on the 2008 financial crisis.
Researchers: Carola Frydman, Eric Hilt and Lily Y. Zhou
April 6, 2018
Why Has CEO Pay Grown So Much Faster Than the Average Worker’s?
A key component in growing pay disparity is how well executives harness new technologies.
Researchers: Carola Frydman and Dimitris Papanikolaou
August 3, 2017
Do Former Soldiers Make Better CEOs?
Chief executives with military experience perform better under pressure and are much less likely to commit corporate fraud
Researchers: Efraim Benmelech and Carola Frydman
February 3, 2014