Blog
Financial collapse and the principal agent problem
30th September 2008
Where should ultimate responsibility lie for this unholy mess?
Government failure?
Regulatory failure?
Management failure?
Failure of the shareholders to exercise proper controls over management?
In years to come we will be writing about
Adam Applegarth (Northern Rock) Steven Crawshaw (Bradford and Bingley) Andy Hornby (HBoS)
and using these people as exemplars of total management failure allied to a failure of regulators to exercise sufficient oversight.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.