From award-winning columnist and journalist Gillian Tett comes a brilliant examination of how our tendency to create functional departments - silos - hinders our work and how some people and organizations can break those silos down to unleash innovation.
"Mediocre reader and weakly supported thesis"
Gillian Tett brings to life in gripping detail how the Morgan team's bold ideas for a whole new kind of financial alchemy helped to ignite a revolution in banking, and how that revolution escalated wildly out of control. The deeply reported and lively narrative takes readers behind the scenes, to the inner sanctums of elite finance and to the secretive reaches of what came to be known as the "shadow banking" world.
"Outstanding narrative about the financial crisis"
In The Silo Effect, award-winning journalist Gillian Tett examines the structural development of institutions such as UBS, Sony and the Bank of England. While the world is increasingly interlinked in some senses, it remains profoundly fragmented in others. As organisations become larger and more global than ever before, they are apt to be divided and sub-divided into numerous different departments to facilitate productivity. However, there is a trap to the inevitability of these silos.
"Facebook, Sony & why the gap?"
Tonight on the program, a discussion about Hillary Clinton's criticism of Donald Trump's economic policies. Charlie is joined by Gillian Tett, U.S. managing editor of the Financial Times, Susan Glasser of POLITICO, and Jenna Johnson of The Washington Post.
We continue with the Senate's vote on gun safety measures with Carl Hulse of The New York Times and Evan Osnos of The New Yorker.
We conclude with Aluf Benn, the editor-in-chief of Isreali newspaper Haaretz.
A best seller on both sides of the Atlantic, Fool's Gold is a key commentary on the causes of the recent financial crisis. Taking readers back to the invention of credit-derivative obligations (CDOs) at J. P. Morgan in 1994, and the subsequent exponential growth of that market, Tett explains how credit derivatives seemed a win-win for the financial world, freeing up capital, increasing profits, and diversifying risk.
"Excellent but with one criticism...."