Posts Tagged ‘Euro zone’

by Andrew Kakabadse

Will the Euro Survive?

The precarious state of the Eurozone continues to dominate the headlines, yet we are led to believe that the current crisis is bringing Europe closer together.
But what does coming closer together actually mean?
Intensive scrutiny suggests that national governments are handing over power to the European Council; in a bid to ensure existing political and financial structures remain intact. What we are seeing therefore is the emergence of an unholy alliance between politics and finance that is ensuring current circumstances do not change. Politics is being made subservient to capital and the short-term interests of shareholder capitalism.
My book Bilderberg People investigated the overwhelming influence the transnational elite policy making community wield over politicians, a topic that will be revisited and developed in my newest publication Global Elites .
In the absence of existing and robust [...]

by Andrew Kakabadse

Corporate Strategy and Policy Design

Let’s take a look at the corporate strategy of the large financial institutions that played an instrumental role in bringing on the financial crisis. The chief executives at these companies tended to favor an aggressive leadership style, which for a long time led them to aggressive growth; as they acquired companies, the largest companies became ‘financial supermarkets’ with a whole range of services. These financial institutions grew and grew, but eventually reached a point around 2004 where their growth stopped. The leadership of many of these companies started to be criticized for not integrating their acquisitions well. And so chief executives responded by making their companies more governance-oriented, with new constraints for things being signed off by teams. These new protocols and procedures made the financial institutions stabilize and stop growing, but they didn’t prevent the financial crisis, and the whole sector is now suffering as banks (and [...]