The case for a Chief Philosophy Officer?

I wonder whether the US and European economies would be in such a predicament today if Northern Rock or Lehman Brothers had employed a Chief Philosophy Officer?

After all, you’ll find plenty of Chief Economists dotted around the banks, trusts and fund management companies won’t you?

Had Northern Rock and Lehman boards routinely considered the moral and ethical dimensions of trading in collateralised debt obligations – or even the very existence of those instruments – alongside the economic, financial and regulatory case of doing so, would they have reached a different conclusion and made different choices?

Continue reading “The case for a Chief Philosophy Officer?”