Harvard Business School professors discuss and debate current events that sit at the crossroads of business and culture. Youngme Moon, Mihir Desai, and Felix Oberholzer-Gee engage in a spirited discussion on a range of topics torn from the headlines — from Facebook, to free trade, to the #MeToo movement. Informed by their unique expertise as professors at one of the world’s leading business schools, their takes are always surprising, unconventional, and insightful.
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The Sunny Side of Bankruptcy
Felix, Mihir and their colleague Kristin Mugford debate the merits of using bankruptcy to shield companies from consumer lawsuits. Should we allow companies to bundle lawsuits, place them in a designated subsidiary with few assets and let that subsidiary go bankrupt? Might this actually be better for consumers who claim to have been hurt by defective products? Doesn’t everyone deserve their day in court? Plus, what is happening to prices of luxury goods? Are we looking at the next bubble?