A Colossal Failure of Common Sense
The Inside Story of the Collapse of Lehman Brothers
in:
Economics
Summary:
The book provides an insider's perspective on the factors leading to the 2008 financial crisis, focusing on the missteps and risky decisions made by Lehman Brothers' executives. It details the toxic corporate culture and the resistance to warnings that ultimately resulted in the firm's historic bankruptcy.
Key points:
1. Leadership's Role: The book emphasizes the CEO's role in Lehman Brothers' downfall, due to his denial of market realities and risk mismanagement.
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