What the Merrill debacle teaches us about CEO successionCEO PersonalitiesOne big area we have to look at is the CEO personalities. Working with Fortune 500 companies for half my life, I can tell you that one big area that we as consultants fail to recognize is how important a...
The Barings, Daiwa Bank and Sumitomo Corp. financial debacles in the mid-1990s suggest that management failures rather than misfortune, errors, or complexity are a major source of the risk of financial debacles. These errors are systematic and are a concommittant of the structure of trading and of human nature. Risk...
The savings and loan debacle of the 1980s was a costly but important learning event for depository regulation in the United States. The origins of the debacle lay in restrictive government regulation that eventually led to financial difficulties for savings and loan institutions in the late 1970s and early 1980s....
With rolling blackouts guaranteed as summer heat increases electricity demand over available supply, Californians are right to wonder how the state got into this mess and what will be the fallout of this government-created debacle. This briefing examines the causes of the disaster, Governor Gray Davis's policy responses, the political...
Savaged for reacting slowly to the Northern Rock affair, the Governor of the Bank of England has managed to come out of the crisis stronger, winning new powers from the Government and his own choice of deputy. Richard Northedge reports Given the Bank of England's failure to...
Looking back three years ago on his first six months as the chair of the Portland Development Commission board, Mark Rosenbaum admits that the tenor and temperament between Portland City Council and the PDC were nearing a low point. These were the latter days of 2005 -...
The Government's reputation for financial competence is set to be dealt another hammer blow next week, as the Parliamentary Ombudsman publishes her long-awaited report into the regulation of Equitable Life, accusing the Department of Trade and Industry, the Government Actuary's Department and the Treasury of maladministration. The...
Durham yesterday demanded that Yorkshire be thrown out of the Twenty20 Cup for causing the chaos which saw the sides' quarter- final called off on Monday after the England and Wales Cricket Board discovered the visitors had fielded an ineligible player, Azeem Rafiq, in their final group game 11 days...
Durham yesterday demanded that Yorkshire be thrown out of the Twenty20 Cup for causing the chaos which saw the sides' quarter- final called off on Monday after the England and Wales Cricket Board discovered the visitors had fielded an ineligible player, Azeem Rafiq, in their final group game 11 days...
Durham yesterday demanded that Yorkshire be thrown out of the Twenty20 Cup for causing the chaos which saw the sides' quarter- final called off on Monday after the England and Wales Cricket Board discovered the visitors had fielded an ineligible player, Azeem Rafiq, in their final group game 11 days...
Gov. Bobby Jindal and the Louisiana Legislature have had a rough couple of weeks. Just a few weeks ago, Jindal was rumored to be Sen. John McCain's choice for vice president. Now, Jindal's doing everything within his power to not be recalled. The...
Outlook Believe it or not, there are some positives to be drawn from the debacle that is Bradford & Bingley. One is that despite the lily- livered behaviour of Texas Pacific Group, an alternative recapitalisation on almost exactly the same terms has been quickly put in place...
INTRODUCTION Five days after Mexico's July 2nd presidential election, in the midst of growing public anxiety over an election in which preliminary results had been much too narrow to call, the Federal Electoral Institute IFE declared Felipe Calderón of the National Action Party PAN the "winner" over Andres Manuel...
OLD BETHPAGE, N.Y., June 26 /PRNewswire/ -- American Capital Market, a fast-growing mortgage Broker located in Old Bethpage, NY, announces the launch of The American Capital Market Hotline, a FREE 24-hour toll-free mortgage hotline service to provide much needed information to homeowners who are struggling with their mortgage as...
MURPHY just has to take his hat off to Willie walsh. The former Aer Lingus boss who defected to British Airways has not had the best of starts in his new job. Among other debacles, he took the flak for the Heathrow...
OUTLOOK So farewell, Sir John Gieve. News of his resignation as deputy governor of the Bank of England rippled around last night's Mansion House dinner even as Sir John sat there at the high table, apparently unaware of the gossip around him. What a...
www.happyrelationships.com BOCA RATON, Fla., June 19 /PRNewswire/ -- If you're one of the many psychologists churning out relationships books today, you'll want to steer clear of marriage maestro Tim Kellis. Kellis, an author himself and a radio talk show host, might just tell you where...
ST. LOUIS - A road trip that started so promisingly ended yesterday with Phillies players walking around the clubhouse with expressions of stunned disbelief on their faces. They knew they let one get away in a 7-6 loss to the St. Louis Cardinals in 10 innings at Busch Stadium. They...
Aftershocks from the subprime lending debacle are expected to keep banks in a conservative mode for the foreseeable future, but Capital One is eyeing measured growth in its Louisiana and Texas markets. New branches are planned in New Orleans, New Iberia, Baton Rouge and Shreveport, and...
Special report: Conservatives in turmoil Tory leader manque self-destructs The shock resignation of the former shadow home secretary stunned Westminster. Jane Merrick reports on the damage done to his party and his own ambitions As Westminster was struggling to...
