Overview

Essential reading for business and finance professionals: a complicated story of power, ambition, vanity, and a lack of risk management controls at one of Europe's largest banks. The book is divided into two sections: The first part provides an in-depth review of 1997, the year of the merger, while the second examines how the groundwork for these events was laid in the past. One point is clear: even at major corporations with their imposing facades and dazzling annual reports, the egos of the bosses, rather than their strategic insights, are what tip the scales when critical decisions are made. Whatever else may change, this remains a constant.

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