The
infighting between the CEO of
HSH Nordbank and former senior managers could be called absurd if it would not be a symptom of a serious neglect of the real problems the bank faces. Claims and counterclaims revolve around the possibility that the CEO entrapped another board member for having disclosed a confidential management document to the press. Time and again senior management becomes too self-centered and the companies that are entrusted to their care suffer for it. Recent examples illustrate the point:
Bear Stearns,
Lehman,
Royal Bank of Scotland all ran aground while autocratic managers were at the helm.
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