1st Edition
The Dynamics of Organizational Collapse The Case of Barings Bank
By Helga Drummond
Copyright 2008
160 Pages
by
Routledge
160 Pages
by
Routledge
The collapse of Barings’ Bank was a commercial catastrophe that resonated worldwide, showing what kind of secrets can lie behind an apparently successful organization. Following Nick Leeson’s arrest and subsequent conviction for fraud, investment banks anxiously reviewed their risk management controls to make sure that it could never happen again. Helga Drummond’s exploration is... Read more
1. The Paradox of Consequences2. ‘A Third Rate Pisspot Bank’3. Failing Most Successfully4. The Dynamics of Power5. Did Nick Leeson Have an Accomplice?6. Analysing the Fatal Disconnect7. Agency, Structure and Organizational Collapse8. From Order Filler to Star Trader9. Analysis of Leeson’s Early Days10. Decision Error11. ‘A Million Bucks a Day’12. Analysis of the Final Weeks13. The Illusion of Control14. The Last Line of Defence15. Analysing the Illusion of Control16. Summary and Conclusions
Biography
Helga Drummond
"Her sast chapter's fascinating water analogy nicely summarizes the issues, and her final sentence may well generalize the background of the current financial crisis ... well worth reading." -- CHOICE September 2008, Vol. 46 (J. Prager, New York University)
