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Compact case
Published by: Columbia CaseWorks, Columbia Business School
Originally published in: 2008
Version: March 10, 2009

Abstract

Susan was faced with a dilemma: her boss, a portfolio manager, had asked her to find a 'better' benchmark for a client whose investments had underperformed his original benchmark. The firm’s investment decisions had led to the lagging return, and Susan felt her boss’ order was preying upon a lack of investment knowledge on the part of the client, an older man. Yet as a new member of her team, she was concerned her career would suffer if she raised the issue. In the A case students develop a strategy for dealing with the dilemma after considering what’s at stake for each party and what rationalizations and arguments Susan might employ. In the B case students discuss how well Susan managed the situation and how could she have been more effective.
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Abstract

Susan was faced with a dilemma: her boss, a portfolio manager, had asked her to find a 'better' benchmark for a client whose investments had underperformed his original benchmark. The firm’s investment decisions had led to the lagging return, and Susan felt her boss’ order was preying upon a lack of investment knowledge on the part of the client, an older man. Yet as a new member of her team, she was concerned her career would suffer if she raised the issue. In the A case students develop a strategy for dealing with the dilemma after considering what’s at stake for each party and what rationalizations and arguments Susan might employ. In the B case students discuss how well Susan managed the situation and how could she have been more effective.

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