Boardroom Markets

If only HP knew what HP knows, we would be three times more productive.

—Lew Platt, former CEO of Hewlett-Packard

A company that can predict the future is a company that is going to win.

—Bernardo Huberman, Hewlett-Packard

RITE-SOLUTIONS, MISYS, and Best Buy are bottom-up prediction markets: questions originate at lower levels of the organizational pyramid, and market results flow upward. If a company wanted to use a prediction market on really major issues, could markets be initiated top-down, even from board level?

Lew Platt’s quote, “If only HP knew what HP knows,” became a mantra for supporters of markets. It was motivated by the most important top-down problem—the difficulty CEO Platt and his Hewlett-Packard board ...

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