How to Take Risks, Make the World a Better Place, and Get Paid

Gary Painter walks us through some examples of these new “outcome-based” payment systems to encourage innovative risk-taking to solve wicked problems in public policy.

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Social Impact Bonds

At the next Goldman Sachs shareholder meeting, the usual discussions about shareholder value and adjusted leverage ratio will be joined by a seemingly unlikely topic: recidivism strategies. The unlikely confluence of corrections strategies and investment banking concerns one of the first examples of social-impact bonds in this country, part of a growing nexus between for-profit…