09 May '12, 4am

Are you suffering from willful blindness when it comes to investing?

Are you suffering from willful blindness when it comes to investing? by Drizzt on May 9, 2012 Rupert Murdoch testified in the phone spying case that he was not aware that such activities were taking place under his watch. The court ruled that he is willfully blind and cannot be made not responsible for the actions. The interesting thing was the analysis done on whether CEOs like Rupert and Enron’s convicted CEO were living in their own world as up till the last moment they still believe that they are right. In all these cases one thing stood out in common in that these CEO build IP a totalitarian system where no one is suppose to cross the defined structure. The CEO surrounds himself with loyalist who keeps in line with the direction and those that asks questions were ultimately thrown out. Sounds very much like the Temasek holdings episode. One wonders whether we made the...

Full article: http://thefinance.sg/2012/05/09/are-you-suffering-from-wi...

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