14min chapter

Forward Guidance cover image

The Erosion of Institutional Accountability | Dr. Luigi Zingales on Bank Failures, Whistleblowing, and The Fed

Forward Guidance

CHAPTER

Accountability and Consequences in the Federal Reserve and Corporate Boards

This chapter explores the lack of accountability and delays within the Federal Reserve regarding bank regulations, suggesting consequences for major failures. It delves into the concept of accountability within organizations, highlighting the need for holding top-level executives responsible. The discussion also examines the effectiveness of activist investors in driving corporate change and emphasizes the importance of transparency and accountability in institutions.

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