Late one night 20 years ago, when I was an oil executive rather than an Anglican bishop, I had run out of steam and patience toward the end of a complex multinational acquisition. We came to yet another bit of box ticking and I suggested we skip it, because we knew the material was accurate.
“Justin,” our wise investment-bank director said quietly, “you know that’s not how we do it.”
Under pressure, everyone is prone to make bad decisions and that story remains in my mind as I sit on the U.K.’s Parliamentary Commission on Banking Standards, listening to people talk about banks, bankers and their failures.
Read it all.
Filed under: * Anglican - Episcopal Archbishop of Canterbury --Justin Welby * Culture-Watch Globalization Law & Legal Issues Religion & Culture * Economics, Politics Economy Corporations/Corporate Life Credit Markets Currency Markets Labor/Labor Unions/Labor Market Stock Market Taxes The Banking System/Sector * International News & Commentary England / UK * Theology Ethics / Moral Theology
Posted January 17, 2013 at 7:00 am
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