CFO’s article on risk management brought up a fascinating point about how the Federal Reserve policies contributed to poor risk management in banks during the subprime mess. CFO makes a shaky link to Alan Greenspan’s role. Banks had been shedding, instead of managing, risk for years by passing it on to investors. They claim that […]
“Risk was not integrated but split between a credit risk officer and a market risk officer, both of whom reported to the CFO, who then reported to the CEO. That may work at a place like Goldman, where decisions are made collectively among executives. But at a firm with a strong-willed CEO, like Merrill, it […]
CFO magazine covered how poor risk-management techniques, and more importantly, organizational culture and structure, contributed to the subprime problems:
“the inability to properly manage risk, and the failure of stress tests have so far resulted in global bank losses of $265 billion. With a few notable exceptions, bank CFOs seemed willfully ignorant of snowballing risk.”
The worst […]
Another country that provides readers to projectmanagement411 is Brazil. In fact they are fifth and rising (behind the US, Australia, Czech Republic and Canada) on the list of most readers by country this month.
One reason I’m intensely interested in Brazil is because of their energy policy. Wikipedia says that Brazil…:
“is the world’s second largest producer […]
Manufacturing Business Technology made us aware of competing energy policies and the arguments being considered. I thought John Engler, National Association of Manufacturers (NAM) CEO, made some excellent comments that point to the importance of contributing to the discussion:
“Manufacturing is the most energy intensive sector of the economy,…The energy plan in Sen. McConnell’s amendment will […]
According to Manufacturing Business Technology (MBT) opposing energy plans are in process and one is preferred by the National Association of Manufacturers (NAM). Let’s see which one you think NAM favors- is it number 1 or number 2?
1. “includes actions….such as exploring for oil on the nation’s Outer Continental Shelf and in the Arctic National […]
I was really encouraged by the Strategy+Business article on why manufacturers in developed countries are still successful. These manufacturers are bucking the trend towards outsourcing to non-developed countries:
But there is also the counterexample of leading manufacturing companies, farsighted enough to view their factories, supply chains, logistics and procurement programs, inventory cycles, and labor management as […]
Global warming is being used to justify statistics that attack the most innovative products in the world. The Prius, Toyota’s amazing hybrid, is now said to have an energy footprint higher than the Hummer. RIDICULOUS! CNW Marketiing’s study was innocently published by the Automobile Club in their May Westway’s magazine (no on-line version as of […]
My last post talked about the possible political “ruse” of slamming redeeming of US Treasury Securities by the social security system while at the same time advocating redemption by foreign governments. This ruse of creating a problem where there is none has nothing to do with whether or not social security SHOULD BE a government […]
My post on social security drew an amazing response . While I simply, and innocently, introduced differences in two presidential candidate’s approaches to social security, the discussion opened many doors and, I’m sure, many retirement planning projects.
Most felt, as do I, that social security is a failing system that should not be depended on. Talk […]
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