This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: crisis. For this reason, that we can conclude that the lack in leadership on the part of the board of directors, the ambiguity to lead a bank by the family and a charitable nonprofit can deviate the focus of important issues such as the importance of the financial business entity and all the decision should have never fall into just one decision maker like Lesson. In this case, it is clear that part of the huge revenues produced were given among his managers and each year they succeeded in hide the mistakes made and the financial disaster was inevitable and only surpassed by the current economy crisis 2008-2009....
View Full Document
- Spring '11
- Barings Bank, Barings Banks Saint