Scaling AI for results: Strategies from MIT Sloan Management Review
AI really can pay off. But leaders must take a systematic approach, understand how the technology works, and let their team leaders determine how it’s used.
Faculty
Robert C. Pozen is currently a Senior Lecturer at MIT Sloan School of Management and a non-resident Senior Fellow at the Brookings Institution.
In 2012, he won acclaim for a popular book entitled Extreme Productivity: Boost Your Results, Reduce Your Hours. In the Spring of 2021, he will be publishing a new book on productivity when working remotely, entitled, Remote Inc.: How to Thrive at Work…Wherever You Are.
In 2004, Bob became the executive chairman of MFS Investment Management, which now manages over $400 billion for mutual funds and pension plans. Between 2004 and 2011, MFS’s assets under management nearly tripled from a base of $130 billion.
During his distinguished career, Bob has been active in business, government and academia. Prior to joining MFS, he was vice chairman of Fidelity Investments and president of Fidelity Management & Research Company. During Bob’s five years as president, Fidelity’s assets increased from $500 billion to $900 billion.
In late 2001 and 2002, Bob served on President Bush’s Commission to Strengthen Social Security, where he developed a progressive plan to make the system solvent. In 2003, Bob served as Secretary of Economic Affairs for Massachusetts Governor Mitt Romney. In 2007, he served as chairman of the SEC's Committee to Improve Financial Reporting.
Bob is currently an independent director of AMC (a subsidiary of the World Bank). He previously was an independent director of Nielsen, Medtronic PLC, and BCE (the parent of Bell Canada). He also serves as chairman of the Leadership Council of the Tax Policy Center, chairman of the Advisory Board of Agility (an outsourced CIO), trustee of the IFRS Foundation (international accounting), and member of the Council on Foreign Relations.
Bob frequently writes articles for the Financial Times, the New York Times, the Wall Street Journal and the Harvard Business Review. He has published a book on the recent financial crisis, Too Big To Save? How to Fix the US Financial System, and a guide for investors entitled The Fund Industry: How Your Money is Managed.
Bob graduated summa cum laude from Harvard College and holds a law degree from Yale Law School, where he also obtained a doctorate for a book on state enterprises in Africa. He lives in Boston with his wife of over 40 years.
Featured Publication
Extreme Productivity: Boost Your Results, Reduce Your Hours.Pozen, Robert C. New York, NY: HarperBusiness, 2012.
Featured Publication
The Fund Industry: How Your Money is Managed.Pozen, Robert C., and Theresa Hamacher. Hoboken, NJ: Wiley, 2015.
Guest, Nicholas, S.P. Kothari, and Robert C. Pozen. The Accounting Review Vol. 97, No. 6 (2022): 297-326. SSRN Preprint.
Pozen, Robert C. CFO.com, February 1, 2022.
Pozen, Robert C. The Hill, August 6, 2021.
Pozen, Robert C. MarketWatch, July 12, 2021.
AI really can pay off. But leaders must take a systematic approach, understand how the technology works, and let their team leaders determine how it’s used.
The MIT Golub Center for Finance and Policy (GCFP) is awarding President of the Republic of Singapore Tharman Shanmugaratnam the Miriam Pozen Prize.
Distinguished senior lecturer Robert Pozen wrote: "The National Association of Insurance Commissioners has adopted a process to allow state regulators to challenge individual ratings. It's also developing a due-diligence framework to assess whether private ratings are mapped appropriately to regulatory risk categories. A simpler and more effective solution would be for state insurance regulators to mandate public disclosure of all ratings of private credit, along with explanations on how they were determined."
Distinguished senior lecturer Robert C. Pozen wrote: "Because the amounts available for withdrawal at retirement depend to a substantial degree on the investment results of defined contribution (DC) plan accounts, Congress has been very interested in the investment menus selected by employers in their DC plans."
Senior lecturer Robert Pozen and co-author wrote: "President Trump recently issued an executive order calling for a federal website to encourage the opening of Individual Retirement Accounts by workers who have no retirement plan at work. But decades of efforts to promote saving in IRAs show that most ordinary households are unaware of the option or are held back by inertia. To extend retirement saving to all workers, Trump should now support federal legislation built on the concept of automatic IRAs, which are already being successfully implemented in 17 states."
Senior lecturer Robert Pozen wrote: "Investing in stocks is always a risk. But the historical data show the risk might not be exactly what advisors have ingrained in retail investors for decades. For those with a long-term investing mind-set and the stomach for riding out the market, 90-10 may be your best play."
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