Dan Vasella stepped aside from the CEO role at Novartis yesterday to be¬†succeeded by Joe Jimenez, the head of their pharmaceutical business. Along with this, the other person in contention, Joerg Reinhardt, quit the company to look for options elsewhere. This reminded me of a¬†course we had, on Managing Teams, taught by Henry Moon, this brilliant guy who somehow made everything sound so simple. In one of the classes he was explaining why CEO salaries are so high. His contention was that the brilliant people at the level below the CEO are the ones that drive any organization and the position of the CEO is like the reward. And they know only one out of many will reach there. Therefore,[…]

You know how there are moments in class you would probably never forget about. Well, this was one of them. At first I thought I would post it on the ISB Students’ Blog, but then figured it would be slightly inappropriate for that. Anyway, we have this absolutely amazing professor, Louis Thomas, who teaches us Economics of Strategy, and was trying to explain how commitment works. It was then when he came up with this example. And after that I haven’t been able to think of a better one. Hats off to you Louis! And Meatloaf makes it even more memorable. PS: For those who were wondering what baseball was doing in the song, read this. And the song is[…]

The past week has been super hectic, even by ISB standards. I attended an equivalent of at least 18 classes (2 hours each). Read so many cases and papers that my head hurt. And was showered by as much information as can be humanly digested, and then some more. ISB and Wharton hosted, perhaps a first, joint course on Healthcare Innovation in India. Attended by 30 participants each from ISB and Wharton the course was compressed over two and a half days and talked about all aspects of the healthcare sector in India, from lifesciences to delivery, and from insurance to social investment funds. It was like a crash course, just a little faster. Though the course was a lot[…]