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• Case | HBS Case Collection | October 2017 (Revised April 2019)

  Hank and Nancy: The Subprime Crisis, the Run on Lehman and the Shadow Banks, and the Decision to Bailout Wall Street

  Rafael Di Tella, Alberto Cavallo and Aldo Sesia

  Citation:

  Di Tella, Rafael, Alberto Cavallo, and Aldo Sesia. "Hank and Nancy: The Subprime Crisis, the Run on Lehman and the Shadow Banks, and the Decision to Bailout Wall Street." Harvard Business School Case 718-022, October 2017. (Revised April 2019.)  View Details

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• Technical Note | HBS Case Collection | December 2018

  Note on Economic Inequality (2018)

  Rebecca Henderson, Clayton S. Rose, Jessica A. Gover and Aldo Sesia

  For over half a century, most of the world's economies have enjoyed steady growth and prosperity. While this economic growth has reduced the number of people living in poverty, it has come with an increase in economic inequality. The gap between the "haves" and the "have-nots" in developed countries has widened, with a small proportion of the population reaping an increasingly larger share of a country's economic rewards. This growing economic inequality has been particularly pronounced in the United States, but the phenomenon has also occurred in many nations. This note provides background on aspects of economic inequality. It begins by describing both income inequality and wealth inequality, providing an explanation of two widely used metrics and data that show increasing inequalities over time. It then moves to the factors that might contribute to this inequality, as well to propositions of economic and social consequences that might result from the widening gap. Finally, it addresses the issue of "equality of opportunity" or social mobility. This is an update to the Note on Economic Inequality (2015). It provides additional information on economic inequality, including union membership and inequality and political polarization.

  Keywords: Economic inequalty; wealth inequality; equality of opportunity; political polarization; Economic Growth; Economics; Income; Wealth; Equality and Inequality; Society; Problems and Challenges;

  Citation:

  Henderson, Rebecca, Clayton S. Rose, Jessica A. Gover, and Aldo Sesia. "Note on Economic Inequality (2018)." Harvard Business School Technical Note 319-071, December 2018.  View Details

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• Case | HBS Case Collection | November 2018

  Goldman Sachs: The 10,000 Small Businesses Program

  Leonard A. Schlesinger and Aldo Sesia

  In 2008, Goldman Sachs started the 10,000 Small Businesses program to help small businesses in the United States by providing education and a network of support—at no cost —and access to capital. It required the firm to create a new business ecosystem with a wide variety of partners including community colleges, city governments, and national and local support organizations. In 2018, the program had graduated 7,300 scholars—just 2,700 shy of the 10,000 target. The case examines the creation of the 10,000 Small Businesses ecosystem and asks students to judge the merits of the program and whether the program should be sustained beyond 10,000 scholars and, if so, how to fund the program moving forward.

  Keywords: ecosystem; public/private partnership; Small Business; Programs; Education; Partners and Partnerships; Philanthropy and Charitable Giving; United States;

  Citation:

  Schlesinger, Leonard A., and Aldo Sesia. "Goldman Sachs: The 10,000 Small Businesses Program." Harvard Business School Case 319-005, November 2018.  View Details

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