Magazine : Archives : 4th Quarter 2009
Directing Within the “Zone”
The subprime mortgage crisis and resulting credit crunch has led to many a sleepless night for corporate directors of companies in almost all sectors. Almost without warning, directors have had to address a range of issues that were unthinkable a mere few years earlier. The boards of Bear Stearns and Wachovia had to approve business combinations under immense time and other pressures. The boards of companies as diverse as General Motors, Lehman Brothers, Six Flags, and Circuit City have had to approve bankruptcy filings. Among those hardest hit has been the financial services sector. Across the globe, major financial institutions...
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