Barings Bank Collapse

Essay specific features

 

Issue:

Business

 

Written by:

Sheri N

 

Date added:

February 22, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 708

 

Was viewed:

9919 times

 

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Essay content:

In 1995, Nick Leeson was effectively reporting to three people ? - locally to Simon Jones - co-ordinated with Fernando Gueler in Tokyo - Mary Walz This non-clarity of reporting hierarchy continues as we move up the organization, where we have Simon Jones reporting to James Bax and also Geoffrey Barnett...
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As a result of this ?fuzziness' in reporting structure, we have a situation where no single manager is accountable to the actions of the sub-ordinate (in this case ? Nick Leeson). Each of the bosses assumes that the other boss is validating the actions of the sub-ordinate. This lack of accountability is compounded when the bosses themselves do not have a single boss to report to...
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