Re: IBG YBG WBG

From: Glyn Holton
Affiliation:
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Date: 23 Jan 2007
Time: 11:21:50

Comments

If you have not yet already done so, you should read my paper *Investor Suffrage Movement*, which appeared in the Nov./Dec. 2006 Financial analysis Journal: http://www.contingencyanalysis.com/home/papers/suffrage.pdf With regard to a risk manager working in an IBG YBG environment, there aren't a lot of options. You could leave. If you stay, you have to walk a tightrope between speaking out and not speaking out too loudly. To protect yourself, you need to create a paper trail. You will not be popular. You will need to be patient, thick skinned, politically savvy and smart. I have known risk managers who have done it. They are admirable, ethically motivated people. No one ever thanks them, and they eventually may be eased out and replaced by some one incompetent. I have seen it all before.

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