Fiddling While Wall Street Burns
For a business that makes its living from intermediating disruption, Wall Street is remarkably inept at dealing with its own ebbing fortunes. Just look at the recent announcements from two big banks.
Where is the Ed Breen of Banking?
Remember Ed Breen? No? He took over a well known company after it was rocked by scandal, pilloried by Congressmen and editorial writers and later had its senior executives sent to jail. He adopted a radical strategy and engineered a brilliant turnaround. It’s a lesson for banks today.
Three Lessons from Jamie Dimon and Bob Greifeld
Jamie Dimon of J.P. Morgan and Bob Greifeld of Nasdaq OMX share several things in common. Both presided over colossal blunders at their firms – a multi-billion-dollar trading loss at J.P. Morgan for Dimon, and a systems breakdown on the closely watched Facebook IPO for Greifeld. Both Dimon and Greifeld have thus far offered only […]