He spent the next couple of months going to live comedy gigs and studying comedians like Bill Hicks on YouTube before signing up to do a live stand-up performance himself at a local comedy club.

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The performance of the independent analysts versus in-house analysts is another issue the independent consultants are studying.

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As Harvard Business School professors Lakshmi Ramarajan and David Thomas explained in their 2010 working paper A Positive Approach to Studying Diversity in Organizations, the notion that minority board members bring unique information to the table that leads to improved performance, though beneficial, does not account for better results.

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