Insider offers 10 management lessons from the Lehman failure

09/21/2009 | Bloomberg Businessweek

Former Lehman Brothers Vice President Lawrence McDonald has published a book, "A Colossal Failure of Common Sense," that offers management lessons from the Lehman debacle. But these lessons are very similar to those that business guru Peter Drucker had made long before the financial crisis. McDonald and Drucker point out that managers should concentrate on value over the long term and not get focused on quick profit.

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