Most would say Is leading financial firm a challenge? It is one of the coolest jobs where all profits are yours and losses are of the society. Do we need leaders for this?
Jokes apart, some people are taking this seriously. Harvard Business School Professors Paul M. Healy and Boris Groysberg have created an exec program for leadership in fin firms post the 2008 crisis:
A nice column by Martin Feldstein. European policymakers always like to compare Eurozone with United States and say if EU countries have high fiscal deficits so does US states. Another thing they like to show is how Eurozone averages are either similar (productivity) or even better than US (like debt).
Feldstein says none of this is really true:
Here is a superb paper on the topic. It is actually a narration of the experiences of the five editors who took up the job in 2002 as the journal got in trouble. How they went around revamping it and incentivising associate editors is a nice story (only econs may appreciate this). As they give way for younger editors, they have written about their experiences.
Econs are used to advising others to revamp, so it is nice to see someone doing it themselves and succeeding as well.
The authors start nicely which I think could be a standard for all the co-authored papers:
