The decline of the best: An insider's lessons from Lehman Brothers

✍ Scribed by Hope Greenfield

• Book ID: 102471208
• Publisher: John Wiley and Sons
• Year: 2010
• Weight: 115 KB
• Volume: 2010
• Category: Article
• ISSN: 1087-8149
• DOI: 10.1002/ltl.399

✦ Synopsis

Abstract

Lehman Brothers made many disastrous business bets that could have been avoided. Hope Greenfield, who served as Chief Talent Officer at Lehman Brothers for 7 years, offers a deeper look at the culture that allowed the disaster to occur. Beyond faulty risk models and stereotypes about greedy Wall Streeters, Greenfield shows that the Lehman story illustrates the truth of a little‐remarked phenomenon of organizational development: the very attributes of a corporate culture that underlie a company's success often carry the seeds of destruction.