CFO notes in an article based on an interview with Ilya Strebulaev, an associate finance professor at the Stanford Graduate School of Business, that the next inevitable collapse of the financial system would be different from the events following the collapse of Lehman Brothers, it would have some similarities.
According to CFO, Strebulaev says because the system hasn’t been strengthened enough by rule-makers in the wake of the Great Recession, it won’t be able to withstand a cataclysm.
CFO said Strebulaev notes three basic sources of weakness which includes misguided bank corporate governance that has aligned the incentives of managers “such that they prefer to risk or to gamble.”
To read the full CFO.com article, click here.
No tags available
I recently met a sales rep (let’s call him Dario) who believed his company’s rates were too high. Every time he got an application, he would encounter some type of rate objection. He would end up discounting the deal, or... read more
At this time last year, it was pretty clear U.S. commercial truck chassis and equipment sales would keep rising through the end of 2015 and into 2016. However, there was some debate surrounding the anticipated growth rate. After commercial truck... read more