A lot of people and organizations think they are taking risks and managing them effectively because ‘on the surface’ (revenues, short-term profits) everything appears to look good!. Unfortunately, it is only during a crisis that they will find out too late that they are ‘naked’.
The row over executive compensation has been reignited by the recent awarding of about £8 to 9m bonus to Bob Diamond, CEO of Barclays. Bob’s feisty defense of his bonus has further exasperated the many people who think that bankers are over-paid when we consider their ‘real’ performance. Continue reading