Lark Williams

Citi's Old Lane Fiasco: A Perfect Illustration of Everything That's Gone Wrong

Curses on directors who don't seem to appreciate that running large and complex organizations require a little something called operating experience. More often than not these virgin CEOs do exactly what you'd expect, awkward and less than satisfying initial experiences. When will their be BoD reform so that shareholders can get meaningful competence and commensurate compensation plans?

Then again, or presidential candidates, as CEOs of the country, haven't run anything either. So the nation as a whole seems place little value on experience. I wish I could say we get what we pay for