The Sunny Side of Bankruptcy

After Hours

TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee

Hbr, Business/investing, Ideas, Mba, Economics, Professor, Business/management, News/business News, Management, News, Presents, Finance, Faculty, Harvard, Business

4.8 • 1.4K Ratings

🗓️ 31 May 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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?

Transcript

Click on a timestamp to play from that location

0:00.0	Ted Audio Collective
0:08.0	Got a business problem?
0:09.0	There's a Ted Talk for that.
0:10.4	Stay updated on everything business.
0:12.4	On Ted Business, a podcast hosted by Columbia Business School Professor Modoupe Akanola.
0:18.0	Every week, she'll introduce you to leaders with unique insights on work, answering questions
0:22.4	like, how do four day work weeks work?
0:25.2	Do will a machine ever take my job?
0:27.7	Get some surprising answers on Ted Business, wherever you listen to podcasts.
0:34.7	Hello everyone, you're listening to After Hours.
0:45.7	I'm Felix.
0:46.7	I'm Meher.
0:47.7	I'm Kristen Mugford.
0:48.7	I'm a member of the finance faculty at Harvard Business School, and I teach a course on corporate
0:53.2	restructuring.
0:54.2	Kristen Mugford, welcome.
0:55.2	Wonderful to have you.
0:56.2	Thank you.
0:57.2	Here.
0:58.2	Felix, I've known Kristen a long, long time.
1:00.1	How long is a long, long time?
1:02.1	It's embarrassing.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.