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Why bankers need management

Beunza, Daniel (2016) Why bankers need management. Management with Impact (14 Nov 2016). Website.

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Abstract

Imagine a world where financial institutions are characterised by pay proposals that break the cycle of pay inflation; by traders enjoying long careers within one organisation and by senior management adopting a pragmatic attitude to risk. My guess is that you can’t. But it’s difficult to reflect on the stereotype of the banker as anything other than reckless and self-motivated when this character has been affirmed in popular culture over the past 30 years. Two of the most successful films about the financial industry, Wall Street (1987) and The Wolf of Wall Street (2013), depict traders performing shady and often illegal deals that are motivated by a ‘greed is good’ philosophy, conducted within a workplace that isn’t really like a workplace at all, where HR policies only exist to perpetuate individual wealth and materialistic need.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/management/management-with-...
Additional Information: © 2016 The Author(s) CC BY-NC 3.0; Online
Divisions: Management
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HG Finance
Sets: Departments > Management
Collections > LSE Management with Impact Blog
Date Deposited: 12 Jul 2017 09:26
Last Modified: 19 Nov 2019 22:11
URI: http://eprints.lse.ac.uk/id/eprint/83449

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