Groysberg, Boris.

Chasing stars : the myth of talent and the portability of performance / Boris Groysberg. - Princeton, N.J. : Princeton University Press, �2010. - 1 online resource (xiii, 446 pages) : illustrations - Book collections on Project MUSE. .

Includes bibliographical references and index.

Moving on -- Analysts' labor market -- The limits of portability -- Do firms benefit from hiring stars? -- Stars and their galaxies : firms of origin and portability -- Integrating stars : the hiring firm and portability of performance -- Liftouts (taking some of it with you) : moving in teams -- Women and portability : why is women's performance more portable than men's? -- Star formation: developmental cultures at work -- Turnover : who leaves and why -- A special case of turnover : stars as entrepreneurs -- Measuring and rewarding stars' performance -- Lessons from Wall Street and elsewhere.

It is taken for granted in the knowledge economy that companies must employ the most talented performers to compete and succeed. Many firms try to buy stars by luring them away from competitors. But Boris Groysberg shows what an uncertain and disastrous practice this can be. After examining the careers of more than a thousand star analysts at Wall Street investment banks, and conducting more than two hundred frank interviews, Groysberg comes to a striking conclusion: star analysts who change firms suffer an immediate and lasting decline in performance. Their earlier excellence appears to have.


English.

9781400834389 1400834384 0691154511 9780691154510 1282569155 9781282569157 9786612569159 6612569158

9786612569159

256915 MIL 22573/cttmdwf JSTOR 9452395 IEEE




Investment advisors--United States.
Labor turnover--United States.
Conseillers en placements--�Etats-Unis.
Personnel--Rotation--�Etats-Unis.
BUSINESS & ECONOMICS--Investments & Securities--General.
BUSINESS & ECONOMICS--Workplace Culture.
Investment advisors.
Labor turnover.
Anst�allningsvillkor.
Framg�angsrikt f�oretagande.
Karri�ar--genusaspekter.


Wall Street (New York, N.Y.)
Wall Street (New York, N.Y.)
New York (State)--New York--Wall Street.
United States.


Electronic books.
7
Electronic books.
Electronic books.

HG4928.5 / .G76 2010eb

332.6068/3