Posts tagged with: Business failures
When doing good garners bad press (2018)
"Firms that engage in corporate social outreach should make sure to send consistent signals." Georg Wernicke, Assistant Professor of Strategy and Business Policy, HEC Paris. Insead Knowledge, 14 June 2018...
Carillion. What a mess.
Board hubris ran high while hedge funds scented blood, shorting the stock. Bailey, D. Professor of Industrial Strategy, Aston Business School Birmingham Post, 18 January 2018 Image: Wikimedia Commons "Carillion's demise...
Early lessons from Wells Fargo: Three ways to prevent getting set up for ethical failure. (2016)
"...Corporate scandals (and) ethical failures are often organizational at their outset." Ron Carucci forbes.com, 13 Sept 2016 Photo by Joe Raedle/Getty Images "While most assume corporate scandals are the result of...
Creative destruction in the Global Financial System. (2016)
“We are just at the beginning, not the end, of the change journey that started with the global financial crisis of 2008.” Claudio Scardovi, managing director and head of Financial...
HBOS shows how bottom-up strategy leads to disaster. (2015)
"Boards and executives should not abdicate from making the important choices." Andrew Hill ft.com/management 23 November 2015 “HBOS, the UK bank that was one of the biggest casualties of the...
HBOS executives should be held to account, if that is still possible. (2015)
“HBOS executives seem to have revelled in a self-perceived role as challengers to the big four, outsiders who dared to do things differently. Herald Scotland, 20 November 2015 Stephen Naysmith...
Fresh HBOS inquiries hold no prospect of speedy judgment. (2015)
“The main consequence of the regulators’ costly and time-consuming inquiry into the £20.5bn collapse of HBOS is, wait for it: yet another costly and time-consuming inquiry. Caroline Binham and Emma...
HBOS’s fall is a tale of extraordinary Hubris. (2015)
"It was in this heady atmosphere that executives made the fateful decisions that led HBOS to expand unsustainably, leaving it hopelessly overstretched when the credit crunch struck. Tim Wallace The...
Shredded. Inside RBS, the bank that broke Britain. (2014)
“ ..lifts the lid on the catastrophic mistakes that led RBS to the brink of collapse, scrutinizing the role played by RBS’s directors who failed to check Goodwin’s hubris, colleagues…...
Double trouble: sibling rivalry and twin organizations in the 2008 credit crisis. (2014)
“… the closeness of organizational identities in twin organizations may lead to increased rivalry, narcissism and a tendency for greater risk-taking and vulnerability. Prof Mark Stein, Chair in Leadership and...