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How biases influence CEOs throughout their careers
“We focus on managerial biases and how these biases play a role in each of the different career phases—CEO appointments, the CEO being at the helm of the firm, and then being dismissed eventually,” says Guenzel. “The traditional arguments for why a CEO, we would think, is rational are CEO selection, learning and market discipline. Our contribution is to say that it’s not clear that these arguments are sufficient to prevent biased decision-making at the very top of organizations.”

How biases influence CEOs throughout their careers

Wharton finance professor Marius Guenzel explores the systemic and human elements of behavioral bias in the career phases of CEOs.

From Knowledge at Wharton

Philly’s biggest employers spend billions outside the city. Inside a new effort to bring that money home

Philly’s biggest employers spend billions outside the city. Inside a new effort to bring that money home

Penn strives to contract with diverse businesses, including SUPRA EMSCO, a Black-owned office and lab equipment supplier. “As we’ve grown, there is a sense that we can do more to leverage our buying clout to basically engage and bring in and help other firms grow,” said Executive Vice President Craig Carnaroli.

How to make financial markets a force for good
Authors Saadia Madsbjerg (left) and Judith Rodin (right) with the book cover to Making Money Moral in the middle.

How to make financial markets a force for good

In “Making Money Moral,” authors Judith Rodin and Saadia Madsbjerg explore a burgeoning movement of bold and ambitious innovators.

Dee Patel

Building diversity into the venture capital ecosystem
Three masked individuals dressed in business attire sit at a desk, one is African American, discussing plans or a possible partnership or investment.

Building diversity into the venture capital ecosystem

A conversation with Wharton’s Stephanie Creary on the institutional roadblocks and funding gaps faced by minority and female founders.

From Knowledge at Wharton

PwC to defend audit work, independence in whistleblower trial

PwC to defend audit work, independence in whistleblower trial

Daniel Taylor of the Wharton School commented on an upcoming trial in which a former PricewaterhouseCoopers (PwC) senior manager accused the firm of firing him for submitting SEC complaints. “If we assume that the whistleblower is credible and we assume that the whistleblower is telling the truth, that everything he has said is accurate, then I would say that his claims are an indictment on the culture of PwC’s Silicon Valley office,” said Taylor. “But that’s a big if.”

Are broker commissions too high?

Are broker commissions too high?

Benjamin Keys of the Wharton School spoke about how some real estate agents have steered clients toward more expensive homes in order to yield higher brokerage fees. “You have agents who are incentivized to look for their largest commission, rather than to help their clients find the best house for them,” he said. “Having that information allows the steering to occur.”

From Amazon to Google, tech workers seek unions—and a voice

From Amazon to Google, tech workers seek unions—and a voice

Mary-Hunter McDonnell of the Wharton School spoke about unionization efforts among tech workers. “It’s employees seizing control of organizations that they have dedicated their lives to,” she said. “Another way to try to influence employees’ outcomes is to fight for a voice in the company’s values, especially in this world where companies have such a central role.”