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The Leadership Blind Spots at Wells Fargo

Harvard Business Review

The bank has since fired 5,300 employees for the illegal behavior and eliminated retail bank sales goals entirely. As a result of this fraud, the bank is now being investigated by Federal prosecutors and Congressional overseers. But the fallout is far from over. A blind spot among senior leaders.

Banking 11
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The Globalization Backlash Is Reverberating Through Boardrooms

Harvard Business Review

As a practical matter, for example, these changes in the global policy regime are forcing multinational corporations to scale back and sell parts of their international operations. While international lending, as measured by cross-border banking claims at the Bank for International Settlements, has declined $2.6

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The Big Picture of Business – Business Lessons to be Learned from the Enron Scandal

Strategy Driven

I further made recommendations that future charitable requests would go through committee and that the client’s partners and key executives were better suited by serving on community boards, thus polishing their own luster. The Enron scandals of 2001 and 2002 focused only upon cooked books audit committees and deal making.

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Can JP Morgan Transparently Police Itself?

Harvard Business Review

boss, Ina Drew , the former head of their unit in of the bank's, the Chief Investment Office (CIO); and CEO Jamie Dimon, to whom the CIO reported who oversaw the CIO. Drew quickly retired after the losses, and Iksil and Macris are, according to news reports, leaving the bank. Its purpose: to remedy unfair windfalls.

CIO 8
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The Price of (Not) Speaking Truth to Power

Harvard Business Review

This was the question that floored the Murdochs at Tuesday's parliamentary select committee hearing because it cut right through the narrative News International executives have been spinning to counter the hacking scandal that has engulfed the media group in recent weeks. "Are you familiar with the term willful blindness?"

Price 12
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China’s Slowdown: The First Stage of the Bullwhip Effect

Harvard Business Review

The essence of the phenomenon is the fact that each stage in the supply chain plans its capital projects and operations, including inventory levels, based on its future expectations. Senate Banking Committee to save his competitors. automobile industry. The China-Sparked Crisis. For example , U.S.

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Why the Decline in Corporate Statesmanship?

Harvard Business Review

American corporations operated in a very different environment in the postwar period. Second, due to developments in financial technology that weakened their ability to profit from lending, the large commercial banks turned toward fee-for-service activities, morphing increasingly into quasi-investment banks.