Are unforeseen events manageable or not? A story by Jessica Silver-Greenberg and Nelson Schwartz recently featured in The New York Times attributes the multibillion-dollar losses at JPMorgan Chase to conflict among employees in the chief investment office. According to the story, senior banker Ina Drew, who is being blamed for the losses, was often missing in action in 2010 due to contracting Lyme disease. As a result of her absence, her unit fell into disarray with ongoing personality conflicts rather than performing at optimum levels. What happened? (more…)
Sue Kenfield
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