Experience Stern | News & Events

Excerpt from CNBC -- "...when firms do well for a long period of time and grow to become these big cap firms, that creates a lot of political power, a lot of political capital for the divisions that have a lot of strength. Those divisions then want to keep that power, resist that change as the market changes around them, and that kind of leads to the inertia in the organization. ... because by trying to be efficient in making good decisions and avoiding big bad, risky gambles, they then weed out potentially good risky projects and that kind of makes them look like they're being very risk-averse."

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