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Why Some Firms Thrive While Others Fail
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Why Some Firms Thrive While Others Fail: Governance and Management Lessons from the Crisis

Thomas H. Stanton

Abstract

Why did some firms weather the financial crisis and others not? This book builds on interviews and access to internal documents from over a dozen major financial companies, investigates their workings, reveals what went wrong, and discovers a remedy. A critical difference between successful and unsuccessful firms is a culture that encourages respectful challenge, what the book calls “constructive dialogue.” At successful firms top management engaged in constructive dialogue with the board, a strong management team, and the chief risk officer, among others, in making a decision; firms that fail ... More

Keywords: risk management, financial crisis, culture, regulation, hierarchy, CEOs

Bibliographic Information

Print publication date: 2012 Print ISBN-13: 9780199915996
Published to Oxford Scholarship Online: September 2012 DOI:10.1093/acprof:oso/9780199915996.001.0001

Authors

Affiliations are at time of print publication.

Thomas H. Stanton, author
Johns Hopkins University

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