Beijing Strip Clubs: Sex and the state-controlled banks
Now there is a case – which I put last July before it became fashionable to do so (see my note “Why men are to blame for the crunch”) – that the absence of women from the top of banks and financial companies meant that the atmosphere of board rooms during the bubble years was heavy with testosterone; and the consequence was a culture of dangerous risk-taking in the macho pursuit of short-term profits and bonuses.
You may dispute that. But even if you do, you surely can’t believe that entrepreneurial, wealth creating talents reside exclusively in the Y chromosome. So the dearth of women at the top must surely be depriving the UK of incremental income at a time when we need every penny we can squeeze to pay our way in the world.
But if companies will be forced to produce a report card on their efforts to make their senior management team look a bit more – in a gender sense – like the world rather than a dusty gentlemen’s club, it’s perfectly reasonable to examine Gordon Brown’s record.
See the full article from “BBC News (blog)”