Author Archives: lawrence serewicz

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About lawrence serewicz

An American living and working in the UK trying to understand the American idea and explain it to others. The views in this blog are my own for better or worse.

Are there Good Samaritans on Wall Street if you can be taken for 9 Billion

When JP Morgan lost 9 billion dollars on a derivatives trade, many people saw it as the market functioning properly.  What made the story interesting is the scale of the losses, 9 billion dollars at last estimate.  Yet, the story … Continue reading

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The Bureaucrat and the Banker: Bob Diamond’s downfall

Bob Diamond is a shrewd, powerful, deal maker who does not understand bureaucratic politics. On Wall Street, or in the City, your word is your bond. If you cannot keep your word, you cannot do business. Lehman Brothers collapsed in … Continue reading

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Three reasons why Bob Diamond will stay and lessons in crisis management

This blog post has been overtaken by events. Bob Diamond resigned on 3 July 2012. It is unlikely that the LIBOR scandal as described in the FSA report is going to be enough to remove Bob Diamond from Barclays. There … Continue reading

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Thoughts on Barclays, Diamond, and a corporate culture in crisis

As I read the report published by the Financial Services Authority (FSA) for the fine of £59 million against Barclays Bank for the recent LIBOR fixing scandal, I was struck by how Bob Diamond’s letter to Andrew Tyrie seemed to … Continue reading

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RBS vs. Lehman Brothers failures in leadership, culture, and regulators.

In January 2012, the Financial Services Authority published its report on the Royal Bank of Scotland’s (RBS) failure. The report is surprisingly candid. It is also a rarity.  The FSA does not usually publish its regulatory reports. However, the size … Continue reading

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Leadership is not a conversation

Despite the claims of Groysberg and Slind at Harvard Business Review, leadership is not a conversation because staff do not listen. The staff do not listen because what is being presented as a “conversation” or a “dialogue” is instead a … Continue reading

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Thoughts on Managing America’s renewal: educating ourselves to live within our means.

The financial crisis has shown that the economic growth over the past 20 years in the United States has been based largely, but not exclusively, on personal and corporate debt.  The debt dependency has weakened the fundamental financial systems within the … Continue reading

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Has horizon scanning failed the public sector by its inability to scan the financial crisis?

In 2008, I attended The February meeting of the FAN Club (Future Analysts Network).  This was a meeting jointly hosted by Foresight Horizon Scanning Centre and the Cabinet Office’s Strategy Unit. The meeting was there to discuss the horizon scanning … Continue reading

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Are online adverts being pushed so that we choose pay walls to avoid them?

In the age of the internet and kindle, this sounds like a strange claim. Yet, I think the use of advertisements, links, pop-ups and other attention grabbing devices has reached the point where we are being conditioned to accept pay … Continue reading

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The new renaissance paradigm: dream or nightmare for technological talent?

Within the social media revolution an idea has developed that we are seeing a new Renaissance.  The idea is that a New Renaissance Paradigm in which those who create content can avoid the middle man that traditionally help them to … Continue reading

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