'Blame it on Hormones: Men are the Cause of Today's Problems'

Submitted by Mastodon on Sun, 2012-06-24 15:48

Article here. Excerpt:

'The Wall Street Journal has had a flurry of great headlines lately: "Inside Fumbled Facebook IPO" and "JP Morgan Reveals 'London Whale'-Size Losses." While reading these and other stories about the massive losses surrounding the Facebook IPO and JP Morgan's hedging losses, I couldn't help but notice how it was men who caused the vast majority of these recent (and several past) problems. What if Facebook's all-male Board of Directors had chosen a female investment banker to head up their ill-fated IPO? What if the "London Whale" or his male boss had been a woman? What if Enron's bad boys had been girls? What if Nick Leeson, who ruined Barings, had been named Nicole? How many bonuses could Societé Générale have paid with the $7 billion blown by rogue trader Jérôme Kerviel if he had been a she?'

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Comments

You know, that notorious instrument of financial mass destruction used to palm off risk to a third party when buying millions of dollars worth of bonds? Invented by a woman named Blythe Masters. Read about it here.

Point is, greed and wanting to seek ways to "game the system" is not an inherently male trait. In a highly competitive environment, people will sink to their lowest common denominator to get up on the competition. What people have in their pants has nothing to do with things.

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Submitted by Matt on Mon, 2012-06-25 01:44

It's easy to sit on the sidelines and blame the quarterback for his bad play--and think you could do better. But if you really could, why aren't you in the game? Perhaps because by sitting on the sidelines you know you won't get blamed if you foul up.

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Submitted by el cid on Mon, 2012-06-25 03:42