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Most of the big banks were shot through with short-termism, deceptive practices and self-dealing. We must institute basic changes in corporate governance and in management practice to restore responsibility and honesty for the sake of the economy and for the self-respect of the country.
Edmund Phelps
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"Most of the big banks were shot through with short-termism, deceptive practices and self-dealing. We must institute basic changes in corporate governance and in management practice to restore responsibility and honesty for the sake of the economy and for the self-respect of the country."
— Edmund Phelps #leadershipinfluence

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Most of the big banks were shot through with short-termism, deceptive practices and self-deali…

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Most of the big banks were shot through with short-termism, deceptive practices and self-dealing. We must institute basic changes in corporate governance and in management practice to restore responsibility and honesty for the sake of the economy and for the self-respect of the country. — Edmund Phelps

About Edmund Phelps

Edmund Phelps was a Economist from United States (1933–present).

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Frequently Asked Questions

Who said "Most of the big banks were shot through with short-termism, deceptive practices…"?
This quote is attributed to Edmund Phelps, a Economist from United States.
When did Edmund Phelps live?
Edmund Phelps lived from 1933 – present.
What is this quote about?
This quote touches on Leadership & Influence. Browse more quotes on these themes from the categories page.