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• Teaching Note | HBS Case Collection | February 2018

  Still Leading Series—Issues in Transitioning to New Forms of Service Later in Life

  Rosabeth Moss Kanter, Rakesh Khurana, James Honan and Ai-Ling Jamila Malone

  The Still Leading case series includes an introductory note, “Still Leading (A): Issues in Transitioning to New Forms of Service Later in Life” and 10 supplementary cases that cover the transition of highly accomplished and prolific leaders (Hon. Robert McDonald, Hon. Mike Bloomberg, Gerry House, Lee Iacocca, General Claudia Kennedy, Sherry Lansing, Dr. Evelyn Murphy, Paul Newman, Hon. Colin Powell, and Louis Gossett Jr.). The Still Leading cases are part of an opening series of cases used in the Advanced Leadership Initiative at Harvard University. The cases document a number of individual’s lifetime personal and professional trajectories. They focus on the nature of career processes and transitions. The materials offer an opportunity for readers to inductively reason about the structure of significant career transitions and the developmental patterns across different arenas. The cases also create a context for participants to engage in introspection by asking them to reflect on patterns of development in their own career histories.

  Keywords: Leadership; Personal Development and Career; Transition;

  Citation:

  Kanter, Rosabeth Moss, Rakesh Khurana, James Honan, and Ai-Ling Jamila Malone. "Still Leading Series—Issues in Transitioning to New Forms of Service Later in Life." Harvard Business School Teaching Note 318-101, February 2018.  View Details

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• Article | History of Political Economy | June 2017

  The Social Trajectory of a Finance Professor and the Common Sense of Capital

  Marion Fourcade and Rakesh Khurana

  This paper traces the career of Michael Jensen, a Chicago finance PhD turned Harvard Business School professor to reveal the intellectual and social conditions that enabled the emergence and institutionalization of what we call the “neoliberal common sense of capital,” what others have called the “shareholder value” view of the American firm. Jensen's work was embraced by a generation of corporate raiders aggressively advancing new financial practices and discourses. His contribution, commonly understood as “agency theory,” was intertwined with the transformations in corporate management and governance of the last decades of the twentieth century—from the junk bond market in the 1980s to the exponential growth of CEO pay in the 1990s to the shareholder value management strategies of the 2000s. While debates about the spread of neoliberal ideas and governance tools have largely centered on the transformations of the state and international institutions or the role of actively organized intellectual networks, this essay emphasizes the importance of identifying specific carriers of particular transformations within the space of American “business discourse.”

  Keywords: agency theory; corporate governance; executive pay; the firm; Michael Jensen; Neo-Liberalism; shareholder value; Agency Theory; Corporate Governance; Executive Compensation; Business and Shareholder Relations; Transformation;

  Citation:

  Fourcade, Marion, and Rakesh Khurana. "The Social Trajectory of a Finance Professor and the Common Sense of Capital." History of Political Economy 49, no. 2 (June 2017): 347–381.  View Details

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• Chapter | Handbook of Qualitative Organizational Research: Innovative Pathways and Methods | 2015

  Studying Elites in Institutions of Higher Education

  Scott Snook and Rakesh Khurana

  Keywords: organizational research; Research; Organizations;

  Citation:

  Snook, Scott, and Rakesh Khurana. "Studying Elites in Institutions of Higher Education." Chap. 6 in Handbook of Qualitative Organizational Research: Innovative Pathways and Methods, edited by Kimberly D. Elsbach and Roderick M. Kramer, 54–65. New York, NY: Routledge, 2015.  View Details

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