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

Forward Guidance

CHAPTER

Corporate Governance, Financial Technology, and Banking Dynamics

The chapter delves into corporate malfeasance examples like Boeing, Wells Fargo, and the Vioxx scandal, discussing the impact of financial incentives on corporate decision-making. It explores the effectiveness of the ESG movement, challenges of shareholder participation in decision-making, and the role of technology in financial evolution. The conversation touches on the Federal Reserve's management of information and payments, proposing radical changes to the financial system to redirect seigniorage to customers instead of banks.

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