As head of two global asset managers, Bob Pozen has been in the forefront of the debate about whether public companies are too focused on the next quarter, rather than the next five years. In this talk, he will analyze the key forces driving many companies toward short termism, such as high frequency trading, while identifying companies with long-term approaches such as biotechs. Pozen will then proceed to examine various proposals to push companies toward lasting successes, including different reporting rules and changes to executive compensation.
The stars have finally aligned for corporate tax reform. Since the US has the highest corporate tax rate in the industrial world, US multinationals have stowed abroad over $2 trillion in foreign profits. Yet there is a heated debate about how to restructure the corporate tax system. Bob Pozen, a long-time tax guru, will explain – in plain English – what tax proposals are currently on the table and map out alternative paths to successful reform.
Despite the biting critique of the Dodd Frank Act by President Trump, Congress will not repeal the Act. Rather, Congress will carve out selected pieces of this Act. All of this will be explained by Bob Pozen, former head of global asset managers and senior government official. More broadly, Bob will show how the deregulatory approach of the Trump Administration will have a major impact on the financial sector. He will discuss the practical implications of this approach for consumer finance, retirement plans as well as small and large banks.
With tight budgets, everyone has to learn to get more done with less resources. Bob Pozen knows how to do this because of his many years leading organizations in the private and public sectors. He will share his “secret juice” on how you can be more productive — by focusing on your top priorities and overcoming your inner constraints. He will also show you how to maximize the productivity of your teams – by adopting his approach to performance-based goals with agreed upon metrics.
Bob Pozen is a Senior Lecturer at the MIT Sloan School of Management.
He is also a Senior Fellow at the Brookings Institution. He has extensive experience in business, government and journalism.
Bob was executive chairman of MFS Investment Management from 2004 to 2011; during this period, the assets of MFS more than doubled from a starting point of $130 billion.
From 1987 through 2001, he served in various positions at Fidelity Investment. During his tenure as President of Fidelity Management and Research, from 1997 thru 2001, the assets of the Fidelity Funds rose from $500 billlion to $900 billion.
Bob served as Associate General Counsel of the SEC in the late 1970s, and Chairman of the SEC’s Advisory Committee on Financial Reporting in 2007-2008. He was a member of the President’s Commission to Strengthen Social Security, and served as Secretary of Economic Affairs under Massachusetts Governor Mitt Romney.
Bob has taught at Georgetown and NYU as well as Harvard and MIT. He has published seven books, mainly on financial issues. Extreme Productivity: Boost Your Results, Reduce Your Hours (2012) was #3 on Fast Company’s list of best business books. In addition, he often writes editorials for the Financial Times, The Washington Post and The Wall Street Journal.
Bob is an outside director of Medtronic, Nielsen, and AMC (a second-tier subsidiary of the World Bank). He is also on the governing board of several non-profit organizations. He received the 2011 Fund Action Lifetime Achievement Award for his work in the mutual fund industry.
Bob graduated summa cum laude from Harvard College, and obtained a law degree from Yale Law School where he was a member of the editorial board of the Yale Law Journal. He also received a doctorate from Yale Law School for a book he wrote on state enterprises in Africa.