The Magazine of Corporate Responsibility

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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.”

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.”

GM’s New CEO: Demonstrating How Less Can Be More

Since taking over the top job at General Motors in January, Mary Barra has been low-key about the fact that she’s the first woman ever to lead the giant auto maker. And that is a good thing, says columnist Gael O’Brien. “Because there are so few women CEOs,” she writes, “there is a danger that in celebrating them we can go too far — celebrity status conferred on, cultivated or accepted creates a rock star status which when associated with leadership has real risks.”


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