The Financial Crisis: What Drucker Would Have Said

Posted: September 29, 2008 in Uncategorized

by Rick Wartzman – Businessweek

Peter Drucker didn’t have a whole lot of nice things to say about those on Wall Street, at one point likening them to “Balkan peasants stealing each other’s sheep.”

Given the magnitude of the latest crisis to grip Fannie Mae, Freddie Mac, American International Group, Lehman Brothers, and their friends, one can only imagine what kind of acid analogy he might have used today.


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