Malcolm Salter

Reshaping Economic Policy to End Institutional Corruption - Ending Institutional Corruption

Moderator: Gregg Fields, Senior Copywriter, Association of Certified Anti-Money Laundering Specialists

Barney Frank, former United States Congressman, Commonwealth of Massachusetts

Kim Pernell-Gallagher, PhD candidate, Department of Sociology, Harvard University

Paul Romer, Professor of Economics; Director, The Urbanization Project, Stern School of Business, New York University

Malcolm Salter, James J. Hill Professor of Business Administration, Emeritus, Harvard Business School...

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Gregg Fields and Malcolm Salter — Breaking the Curse: What To Do about Institutional Corruption in the Private Sector

The February 19, 2014, Lab seminar was led by Edmond J. Safra Lab Fellow, Gregg Fields, and Senior Faculty Associate and Harvard Business School Professor Emeritus of Business Administration, Malcolm Salter. Titled, "Breaking the Curse: What to do about Institutional Corruption in the Private Sector," the presentation probed underlying...

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WP 05. April 11, 2013

Malcolm S. Salter, Short-Termism At Its Worst: How Short-Termism Invites Corruption . . . and What to Do About It

Malcolm Salter — Lawful but Corrupt: Gaming and the Problem of Institutional Corruption in the Private Sector

The October 6, 2010, seminar was led by Malcolm Salter, professor emeritus of the Harvard Business School. Professor Salter's presentation focused on institutional corruption in the private sector, with a specific focus on the practice of gaming, in which ambiguous rules or laws are manipulated but not broken. Seminar participants attempted to tease out the various elements that may contribute to the practice and perpetuation of gaming, including the role of legislation in creating...

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Is Financial Reform Being Gamed? What Implementation of the Volcker Rule will Reveal about the Gaming of Financial Reform

by Malcolm S. Salter

With both the President and members of Congress now calling for a swifter implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, it seems to be a good moment to reflect upon some of the large issues involved in the implementation of financial reform. One such issue involves the extent to which large banks may be gaming financial reform in ways that subvert the public purpose of the Act rather than working in a more straightforward mode with regulatory agencies to define and comply with rules in ways that reflect legislative intent.... Read more about Is Financial Reform Being Gamed? What Implementation of the Volcker Rule will Reveal about the Gaming of Financial Reform

The AIG Bailout Revisited: Calculated Corruption or Miscalculated Risk Management?

by Malcolm S. Salter

How we tell stories matters. If we tell the AIG bailout story as an example of calculated corruption, we wring our hands about how best to reverse the declining legitimacy of 21st-century capitalism. And we write more rules and regulations, offer stiffer punishments for violations, and beg for more ethical leadership.

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