Musings about Leadership, Decision Making, and Competitive Strategy
Wednesday, March 19, 2008
The Collapse of Bear Stearns
The collapse of Bear Stearns brings to mind a fascinating quote by a very accomplished CEO: "I am well aware that humans will always make errors. My irritation comes from the fact that these errors are not caught immediately." That quote is from Alan “Ace” Greenberg, former Chairman and CEO of Bear Stearns, in a book titled Memos from the Chairman, which was published in 1996.