Book Forum: “Why Some Firms Thrive While Others Fail: Governance and Management Lessons from the Crisis” | October 18 @ 12:00 pm

The financial crisis revealed fundamental shortcomings in both public and private American institutions. While the firms that were successful each found their own way to weather the crisis, unsuccessful firms were remarkably alike in their inability to cope and in the mistakes they made. Combing through the wreckage, Thomas Stanton examines which financial firms survived the crisis and which ones failed. He analyzes how differences in governance, organization, and management between these firms led to their success or failure, and how government supervision and regulation failed to prevent the crisis. Based on interviews that the Financial Crisis Inquiry Commission conducted with CEOs, risk officers, traders, and others at major financial firms, Stanton systematically outlines how successful firms such as JPMorgan Chase, Goldman Sachs, Wells Fargo, and others used a multitude of approaches to distinguish themselves in operational competence and intelligent discipline, while unsuccessful firms such as Fannie Mae, Freddie Mac, and Countrywide uniformly failed to prepare for low-probability, high-impact events.

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2 comments to Book Forum: “Why Some Firms Thrive While Others Fail: Governance and Management Lessons from the Crisis” | October 18 @ 12:00 pm

  • Audreyig159
    September 15, 2012 at 10:24 am | Reply

    That do you believe will probably advantage, unions, businesses, government lobbyist though the average joe gets it is? inside the bum again.

  • Porcha467
    September 17, 2012 at 2:48 pm | Reply

    This apologies state of affairs is not going to change till we’ve got taxpayer-financed national elections. Providing cash can purchase admittance as well as votes (throughout the quid-pro-quo of plan additions = positive votes), these huge influence-peddling agencies are going to are present and turn into led by overpaid vip’s, whether or not that they fail miserably. To huge companies, what’s a several million? It truly is nothing than the windfall they could be given if they can effect possibly a single important political election about the Slope each year (or even every other yr). Person contributors associated with modest indicates could be far better served by shelling out their own monetary gift funds on their own family members, which might shrink the unnecessary exec spend. Almost all heads of the companies are paid to raise money off person as well as company suckers around they may be compensated to actually impact self-serving ballots for the Hillside.

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