- the Kansas City school system, which apparently has suffered from a total lack of leadership, so that now it has to close half its schools. "But a closer look at the school board’s recent history reveals a chaotic, almost nonfunctioning body that put off making tough choices and even routine improvements for generations."
- Lehman Brothers, which is kaput. "According to the report, Lehman used what amounted to financial engineering to temporarily shuffle $50 billion of troubled assets off its books in the months before its collapse in September 2008 to conceal its dependence on leverage, or borrowed money."
Friday, March 12, 2010
A Tale of Two Organizations
The NY Times today carries article on two organizations: