Tag Archives: Lehman Brothers

How work can compromise our ethics

Before we enter the work place, we are never warned that the work can deform us ethically. We hear about accidents, sexual harassment, or even fraud, but how many of us are warned about the way that work can deform … Continue reading

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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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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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Good Corporate Citizen or Good Person: check your ethics at the door?

With the recent financial crisis hitting the world, there have been a several attempts to understand what went wrong with the system.  A financial and economic system that delivered staggeringly good results and provided economic benefits to billions of people … Continue reading

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The myth of the Transparent Executive?

In recent years, there has developed a belief that transparency is good for corporations.  The corporations benefit by letting shareholders, stakeholders, and customers know more about the company, how it operates, and what it intends to do.  The information provides … Continue reading

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