Yale School of Management

This commentary was originally published in Fortune. The views expressed are the author’s own.Apple stock traded slightly down after-hours following the announcement that CEO Tim Cook will be stepping down, to be replaced by his hand-picked protégé, John Ternus. There is no question that Cook is one of the most legendary and accomplished CEOs of our time, but this short-sighted market reaction is entirely misguided. Here are three reasons why…

When everyday investors have to make personal finance decisions, rules of thumb can be easy and comforting. For instance, to decide what percentage of your portfolio should be devoted to stocks, simply subtract your age from 120. In other words, a 40-year-old should invest 80% of their retirement savings in stocks.But rules of thumb don’t take investors’ personal circumstances into account, says James Choi, a professor of finance at Yale…

In this episode, Heidi Brooks and Zoe Chance invite you to step out of the transactional pursuit of influence and into the relational, visceral reality of self-influence through coaching. Through their conversation, Heidi and Zoe take you on a journey to reframe coaching not as a corrective tool for fixing what is broken, but as an enlivening stance for everyday leadership and human connection. You’ll get a sneak peak into…

Howie and Harlan are joined by Stephen Latham, a Yale School of Medicine senior research scholar and the director of the Yale Interdisciplinary Center for Bioethics. Stephen reflects on his journey to a career at the intersection of law and medicine, and explains why the legal definition of death is becoming less useful in an era of rapidly advancing medical technologies. Harlan unpacks recent analysis of smoking rates in the…

This commentary was originally published in Fortune. The views expressed are the author’s own.In a relentless, unprecedented branding exercise, the sheer volume of entities now bearing the name of President Donald Trump strains credulity. We now live in a world of Trump RX and Trump accounts, of Trump coins and Trump fighter jets. We have seen the John F. Kennedy Center for the Performing Arts slapped with his name, the…

This commentary was adapted from episode 217 of the Health & Veritas podcast. The views expressed are the author’s own. Subscribe for weekly doses of expert insight on health and the healthcare industry.We hear a lot about what’s going wrong with health in this country—and in the world. But step back 200 years, and the story is one of the most extraordinary triumphs in human history. Life expectancy in 1800…

Transcript Harlan Krumholz: Welcome to Health & Veritas. I’m Harlan Krumholtz.Howard Forman: And I’m Howie Forman. We’re physicians and professors at Yale University, and we’re trying to get closer to the truth about health and healthcare. Our guest today is Dr. Deborah Proctor. But first, we’re always checking in on hot topics in health and healthcare. What do you have today, Harlan?Harlan Krumholz: Checking in on hot topics. Well, I’ve…

In 2020, many colleges suspended their requirements for standardized test scores as the COVID-19 pandemic forced testing centers to close. That same year, the University of California Board of Regents announced it would phase out its SAT requirement for prospective students in a bid to increase equity and diversity. At the time, Yale SOM’s Faidra Monachou was getting her doctorate in Stanford’s Management Science and Engineering department, and she and…

With U.S. Deputy Attorney General Todd Blanche appointed as acting Attorney General, just days after boasting about his purges of dedicated, nonpartisan, patriotic career law enforcement officials, his boss’s apparent orders are to increase the prosecution of President Trump’s campaign of political retribution. Although the “No Kings” rallies last weekend attracted an estimated 8 million to 9 million protesters, additional voices are still needed to join the growing chorus. These…

Transcript Harlan Krumholz: Welcome to Health & Veritas. I’m Harlan Krumholz.Howard Forman: And I’m Howie Forman. We’re physicians and professors at Yale University. We’re trying to get closer to the truth about health and healthcare. Our guest today is Dr. Selwyn Rogers. But first, we always check in on current or hot topics in health and healthcare. What do you have today, Harlan?Harlan Krumholz: Well, first, just so people are…

This commentary originally appeared in Fortune. The views expressed are the author’s own.I have been a scholar and professor of leadership for five decades, teaching at Harvard, Emory, and Yale. In my research, I study all kinds of leaders, from iconic heroes to failures and frauds, in sectors as diverse as business, entertainment, and politics. I have advised thousands of leaders along the way, including five U.S. presidents from both…

In 2022, Zelda Perkins, a former assistant to Harvey Weinstein, described the draconian nondisclosure agreement she was forced to sign while working at Weinstein’s production company, Miramax.“The NDA not only forbade us from talking about Weinstein’s behaviour, but also about our entire career at Miramax—to family, friends, medical practitioners including therapists, even to [the United Kingdom’s tax authority] if questioned about the damages payment,” Perkins wrote in The Guardian. “We…

Howie and Harlan are joined by Yale College and Yale School of Public Health graduate Arya Singh, who reflects on growing up with spinal muscular atrophy, what it takes to build a full life with a disability, and how family support and institutional culture shape what inclusion looks like in practice. Harlan reports on the rapid rise of AI as a front door to health information; Howie responds to the…

You recently published a study paper, “When Companies Forget Who They Are: The Work of Refounding.” What is refounding and how did you develop the idea?Refounding is the effort a company undertakes when it looks deeply to rediscover what initially made it a great and distinctive enterprise and then interprets and activates those truths for today’s realities.The insight emerged from interviews with more than 200 CEOs as part of our…

What is the significance of the announced Paramount-Warner Bros. deal?We’re at the endgame for the streaming media industry. Netflix has kept growing, growing, growing. Disney bought Fox in 2019 to get scale with its Disney Plus, Hulu, and ESPN services. And Amazon Prime Video is in the mix because it comes with an Amazon Prime subscription.That left a bunch of smaller players—HBO Max, Peacock, Paramount+. Those companies needed to get…

Howie and Harlan discuss the end of flu season, vaccine effectiveness, and the challenge of rebuilding public confidence in immunization. Also: new cholesterol guidelines that push earlier treatment, measles outbreaks and the erosion of herd immunity, a court ruling pausing changes to vaccine guidelines, signs of stabilization at the NIH, new evidence on football and brain injury, and a MedPAC report suggesting Medicare Advantage plans are overpaid. Show notes: Looking…

BackgroundThe Accord of March 4, 1951, was a watershed event in Federal Reserve independence. Such independence is critical to effective monetary policy and improved economic outcomes. Without independence, monetary policymakers will be subject to short-term political considerations, which can lead to higher inflation. One risk is that the benefits of easier policy—higher output and employment—come sooner than the costs in terms of higher inflation. So a short-term perspective can create…

In 1789, during the first session of the first U.S. Congress, lawmakers issued a requirement: every bill, order, resolution, or vote must be published in public newspapers. States followed suit with similar laws requiring notifications of government actions in the local papers—typically short announcements about public hearings or possible changes in areas such as construction, taxes, or education.More than two centuries after the passage of that first statute, some policymakers…

The headlines are focused on the effects of rising oil prices on rich countries like the United States. How does volatility in the energy markets affect developing countries, where individuals and governments may have less of a financial cushion?The Middle East is not only a source of oil to run cars but also an important source of other forms of energy, like natural gas used for electricity generation. For example,…

Howie and Harlan are joined by Yale economist Janet Currie to discuss how early-life investments in health, education, and environmental protection shape children’s lifelong well-being and economic opportunity. Harlan highlights a new Medicare payment model that would reward measurable improvements in chronic disease outcomes; Howie reflects on the spread of medical misinformation and a new effort to push back. Show notes: The ACCESS Payment Model CMS: ACCESS (Advancing Chronic Care…

You recently testified in a high-profile antitrust lawsuit brought by NBA icon Michael Jordan against NASCAR. What was it about?NASCAR is the governing body for premier stock car racing. It organizes a regular season of 36 races followed by a series of final races that determine the winner of the Cup Series Championship. The core issue was whether NASCAR engaged in anticompetitive conduct that harmed stock car racing teams that…

No matter how carefully it’s crafted, regulation has unintended consequences. When daycares tried to curb tardiness by charging parents who showed up late to get their children, the number of tardy parents doubled. Attempts to reduce housing discrimination by forbidding landlords from conducting criminal background checks appear to actually increase discrimination against Black men.“What we do as researchers is look into the unobvious consequences of regulation,” says Professor Raphael Duguay.…

body If the legal foundation for federal climate regulation disappears, what happens to climate risk pricing in credit and equity markets? Can markets respond to the climate crisis without the participation of government?The 2009 EPA Endangerment Finding wasn’t just a legal trigger for Clean Air Act regulation—it functioned as a risk signal for capital markets. For some asset managers, insurers, lenders, corporate boards, etc., it signaled that climate risk could…

Howie and Harlan are joined by Evangelos Oikonomou, a cardiologist and data scientist at the Yale School of Medicine, to discuss how AI can extract overlooked signs of heart disease from routine ECGs, imaging studies, and electronic health records—and how to deploy those tools responsibly at scale. Harlan explains whether a widely covered study suggesting that coffee may lower the risk of dementia should change your daily brew; Howie grapples…

Let’s say, for the sake of argument, that you wanted to commit large-scale fraud at your company. Manipulating financial statements or inflating revenue to mislead investors would be difficult to pull off alone. You would likely need others to align stories, suppress dissent, and sustain the deception over time. And your colluders would likely be colleagues whom you’d come to trust after months or years of watercooler chats and after-work…

In an era of digital everything, you helped launch a new print newspaper in Belmont, Massachusetts.Fifty weeks a year, we send a print newspaper to every household in town for free. We recently published the 100th issue of the Belmont Voice. We’re a nonprofit; our mission is to inform and connect the community with local news journalism.Rather than doing a subscription model where only those who pay get access, we…

Transcript Harlan Krumholz: Welcome to Health & Veritas. I’m Harlan Krumholz.Howard Forman: And I’m Howie Forman. We’re physicians and professors at Yale University, and we’re trying to get close to the truth about health and healthcare. Our guest today is Dr. Joel Hirschhorn. But first, we like to check in on current or hot topics in health and healthcare. What are you starting us with today, Harlan?Harlan Krumholz: Thanks, Howie.…

In this episode, Heidi Brooks and Gianpiero Petriglieri invite you to step out of the mechanical pursuit of efficiency and into the “beautiful problem” of being human in a professional world. Through their conversation, Heidi and GP take you on a journey to reframe your everyday experiences as moments of learning, curiosity, and choice. They guide you through the essential tension between convergence, the practice of meeting a standard, and…

Howie and Harlan discuss an escalating measles outbreak in the U.S. and a project piloted by Yale School of Medicine professor Erica Spatz to deliver preventative care in barbershops and beauty salons. Also examined: flu season, nipah virus, and the perils of focusing on healthcare business models. Show notes: Measles CDC: Measles Outbreak Associated with an Infectious Traveler—Colorado, May–June 2025 CDC: Measles Cases and Outbreaks Snohomish County Health Department: Snohomish…

This commentary originally appeared in Time. The views expressed are the author’s own.President Theodore Roosevelt referred to the presidency as a “bully pulpit,” which could be used to persuade legislators to embrace his sweeping policy agenda, from environmental legislation to antitrust protections. To Roosevelt, the word “bully” meant “superb” or “excellent.” Today, the term has taken another meaning. President Donald Trump bullies through coercion, threats, and retribution to serve his…

Around the world, millions of families have suffered forcible separation, through war, trafficking, natural disasters, or socioeconomic crises. In China, family separation is a particularly large-scale and far-reaching problem. Following the enactment of country’s One Child Policy in 1979, many children were abandoned or trafficked and then adopted either domestically or internationally.Reuniting children taken from their parents is a logistical challenge. China has established a DNA biobank dedicated to facilitating…

Transcript Harlan Krumholz: Welcome to Health & Veritas. We have a special bonus podcast today. Our guest is Dr. Robert Wachter who’s here to talk about his new book, A Giant Leap: How AI is Transforming Healthcare and What That Means for Our Future. It’s being published today, and we’re dropping this podcast. We recorded it a little while ago, but we were holding it for this special day. I’m…

Howie and Harlan are joined by Mary-Ann Etiebet of the public health organization Vital Strategies to discuss how policy, prevention, and stronger public-health systems can reduce the global burden of cardiovascular disease, diabetes, and other preventable conditions. Harlan reports on the federal push toward fully autonomous clinical care for heart failure; Howie looks at proposed cuts to Medicare Advantage payments and what they mean for beneficiaries, plans, and taxpayers. Show…

A few decades ago, the role of an HR manager was fairly mundane. They were responsible for tasks such as managing payroll, ensuring compliance with labor laws, and organizing the office holiday party.Today, the role of chief human resources officer (CHRO) at large firms has become much more critical. These leaders have moved into the C-suite, often have the ear of the CEO, and are involved in major decisions about…

What do you think is missing from the debate about AI and job loss?The macroeconomists who are thinking about this question are focused on comparing two rates. Let’s say that eventually goods essentially get to be free, because AI makes more energy and makes more robots and goods become very cheap to make in terms of the actual cost of the resources used. Meanwhile, since the machines are making everything,…

The Trump administration has issued an executive order limiting the purchase of single-family houses by large institutional investors. What’s the role of such investors in the housing market?When people discuss institutional investors in the housing market, they typically refer to companies with a large portfolio of single-family homes (SFHs) purchased to rent out to tenants. Right now, the “big three” in this space are Invitation Homes (formerly owned by Blackstone),…

Transcript Harlan Krumholz: Welcome to Health & Veritas. I’m Harlan Krumholz.Howard Forman: And I’m Howie Forman. We’re physicians and professors at Yale University. We’re trying to get closer to the truth about health and healthcare. Our guest today is Jonathan Cohn of The Bulwark. But first, we like to check in on current or hot topics in health and healthcare. What do you have today, Harlan?Harlan Krumholz: Yeah, thanks, Howie.…

Collection No. 11 To confront pressing societal challenges, we need businesses focused on new ideas and new solutions—and old ideas executed in new ways. We talked with Yale SOM faculty and alumni about pushing limits, taking disciplined risks, and developing resilient ventures while sustaining a dual commitment to profit and purpose. Illustration by Eva Bee. Published January 21, 2026 ‘Tough Tech’ Requires a Different Kind of Venture Capital Katie Rae…

What is impact investing, and how does it differ from regular investing?Impact investing is about having an investment strategy that seeks to generate positive, measurable social or environmental outcomes. It seeks to create those returns across a spectrum: financial gain is part of it, on the investing side, and then the other part of it is purposeful, positive impact. That can encompass a whole set of things, ranging from climate…

In this bonus episode, Howie and Harlan are joined by Ania Jastreboff, a Yale School of Medicine endocrinologist and an expert on the science of obesity. They discuss her new book, co-authored with Oprah Winfrey, which reframes obesity as a treatable disease rooted in biology—not a failure of willpower. Show notes: Ania Jastreboff and Oprah Winfrey: Enough: Your Health, Your Weight, and What It’s Like To Be Free Yale Obesity…