My sister was an executive vice president in banking. She decided to retire when she saw the sub-prime market starting to go crazy and realized that the way she believed a book of mortgages should be developed and managed differed substantially from others in the industry. Too bad she didn’t stick it out. While my sister is a very strong person and does have a strong sense of justice, I doubt that she would have been able to overcome her high level of correctness to shame the industry into taking the higher road. Nonetheless, she was a very effective leader in her own right and we often discussed how she was managing some of the issues she faced in overseeing her team. Read more…
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