20/09/2025
Unfortunately, the real world is not like that, thanks to what they call “office politics”, and wider stakeholders have suffered after the banks they were involved with were run into the ground by CEOs, Directors, and Chairmen that at best lacked the requisite experience and knowledge of finance, and at worst were no more than empire-building charlatans. And this despite such people having been signed off by the regulatory authority as “fit and proper” persons to run a bank. We all recognise these persons: those skilled in the art of talking a lot without actually saying anything, and as good at answering questions as any professional politician.
This state of affairs is a pity, because banks play such an important role in society that they need to be managed by those skilled in the art of finance, not politics.