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Would ‘Lehman Sisters’ Have Been Able to Avert the Financial Crisis?(0)

April 15, 2014

If there had been more women in executive positions on Wall Street, would they have responded differently to the danger signs leading up to the 2007-2008 financial crisis? A new academic study – “The Lehman Sisters Hypothesis” – concludes that empirical literature backs the claim that “more gender diversity in finance, and particularly at the top, would help to reduce some of the behavioral drivers behind the crisis.”

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How a Culture of Purpose Can Help Business Thrive

A “culture of purpose” helps a company, writes columnist Gael O’Brien, because it “ignites the talents, aspirations and sense of service of the men and women within the organization who, by how they work together and the impact that results, have the potential to lead a company to become what it is capable of becoming.”

Books: ‘The Evolution of a Corporate Idealist: When Girl Meets Oil’

Christine Bader’s new book – “The Evolution of a Corporate Idealist: When Girl Meets Oil” – chronicles her work for oil giant BP, managing the community impacts of big projects in the developing world, and her later role as an advisor to a United Nations initiative on human rights abuses linked to business. Her hope, she says in an interview, is that someday corporate idealism “doesn’t seem like the oxymoron that it does to so many people today.”

Olympic Lesson for Business: Failure Can Build Resilience

Olympic athletes “remind us that no one is too big to fail and rather than fear it, they train themselves to acknowledge mistakes, find out how to correct them, and try again,” writes columnist Gael O’Brien. “It is a lesson of resilience that makes everyone a winner. And it works in board rooms as well.”


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