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The Outstanding Truth
Charles B. M. Douglas
其他書名
The Failure of the Bank of New England Corp
出版Charles B M Douglas Publishing LLC, 2017-09-15
主題Business & Economics / GeneralBusiness & Economics / Banks & BankingBusiness & Economics / Economics / General
ISBN06929182649780692918265
URLhttp://books.google.com.hk/books?id=UaY6swEACAAJ&hl=&source=gbs_api
註釋Today¿s circumstances are ripe for a new financial crisis. The financial industry has not learned the lessons from the last financial meltdown. To avoid another crisis, we must understand why and how seasoned managers can make catastrophic mistakes. The Outstanding Truth is a lively yet detailed chronicle of the management behavior and, particularly, the impact of interactions among managers that led to the failure of the Bank of New England Corp.This whistleblower¿s true story is spiced with personal anecdotes and witty cartoons. Essentially a case study, memos and documentation subpoenaed by the Trustee in Bankruptcy are referenced; many were used as deposition exhibits and some in court. By getting this story into your hands, we might prevent a similar debacle from happening again. Professors and management trainers can use this book to teach current and future business leaders and managers how to prevent the type of thinking that led to the Bank of New England Corp. fiasco in 1990 and the real estate crash of 2007. ¿It should be used in all university business schools.¿ -- Sr. Exec., Retired, IBM¿You quite clearly explain the background and your assessment of the many facets of a rolling disaster.¿ -- V.P. and Treasurer, large NY firm¿Extraordinary¿Your book captured precisely the pressures and poor decisions at the very top that derailed it. It was tragic for everyone. You are one of the good guys!¿ -- Former BNEC EmployeeAuthor Charles B. M. Douglas worked at the Bank of New England Corp. for 24 years, from 1953-1967 and 1980-1989, retiring as a senior vice president. He spent 34 years in banking and 11 more years consulting on banking matters. Douglas also wrote the Work Out Department Policies and Procedures Guide.