Paul Rice

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What Are The Chances Of Brazil's State-Owned Oil Giant Petrobras Going Bankrupt? 32%, To Be Precise

Three years after raising almost $70 billion in the largest share issue ever, Brazil’s state-owned oil and gas Petrobras is in the midst of an unprecedented financial crisis. As the company approaches its 60th anniversary, it has seen its market capitalization drop 45% since its peak in 2010, from …

Moocs: Can free classes match an MBA? | Financial Times

When I did my MBA, my professors divided roughly into those who were great and knew they were great; those who were awful but thought they were …

Commodities, conflict and price booms | Financial Times

News this week that Repsol looks increasingly likely to accept a settlement from Argentina’s government over the forced nationalisation of its YPF …

The need for an analytical approach to life | Financial Times

Risk analysis is not about predicting events; it’s about understanding the probability of possible scenarios, according to Elisabeth Paté-Cornell, …

Which America Do You Live In? – 21 Hard To Believe Facts About 'Wealthy America' And 'Poor America'

<i>Submitted by Michael Snyder of The Economic Collapse blog,</i><p>Did you know that 40 percent of all American workers make less than $20,000 a year before …

10 Uncomfortable Truths About The Growing Unemployment Crisis In America

<i>Submitted by Michael Snyder of The Economic Collapse blog,</i><p><b>Did you know that there are more than 102 million working age Americans that do not have a</b> …

7 More Years Of Low Rates.. And Then War?

While chart analogs provide optically pleasing (and often far too shockingly correct) indications of the human herd tendencies towards fear and …

Not all MBA students can be leaders | Financial Times

Promotional materials for business schools nearly all boast how they are going to train the leaders of tomorrow, or how they will develop leadership …

Business Plans and Other Works of Fiction

The purpose of a business, Peter Drucker famously said, is to create a customer. Yet, rather than creating customers, many innovators create a fantastical piece of what you might call Microsoft fiction.<p>This hit home for me during a recent client project. I was working with a team that had been …

Six Drucker Questions that Simplify a Complex Age

In 1981, Peter Drucker delivered a lecture at New York University titled “Managing the Increasing Complexity of Large Organizations.” Drawing on lessons from the auto industry, banking and beyond, he offered provocative prescriptions for coping in a world in which “the real challenge is to decide …