Leadership Article 1 Page 4

remind us of the catastrophic failures over the years:

  • Imaging: Kodak & Polaroid
  • Telecoms: Nokia, Blackberry and Motorola
  • Retail: JC Penny, Blockbuster, BHS, Forever 21, Sears, Toys R Us, HMV, Virgin and Macy’s … the list goes on.
  • Technology: Hitachi, Sony, Yahoo, Compaq, AOL, HP
  • Transport: Concord, Delorean, GM and PanAm
  • Banking: Lehman Bros, Anglo Irish, Northern Rock + 100’s more, not counting those rescued by government bailouts.

Let’s look at the latter — Banking — or the Financial industry: In the modern business world companies are overly occupied with results, revenues, profit,