I think of it as banks that aren't actually banks. It is firms whose business model allows them to collect money long before the services or goods are rendered. Sports gambling sites now are accruing massive bankrolls. Do you know anything about how much that is a strategic way for firms to basically take in money, use that float to invest or whatever they want to? I don't know anything systematic on this, but I think it's a big deal.
New research finds that bosses who went to business school pay their workers less. So what are M.B.A. programs teaching — and should they stop?