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Picture credit: FotoRita Two pieces of news today: the new owners of Jaguar Landrover seek UK government funding, due to the recession; the makers of the world’s smallest car sign major Formula 1 sponsorship of Ferrari. Observant readers will know that the company with the begging bowl is the same company with money to burn on the world’s most Continue reading article » It seems that Bernard Madoff’s $50 Billion “pyramid” investment scheme is little more than a scam, albeit on a massive scale. The fall-out is likely to be global and the UK news reports state that major banks are “frantically trying to find out if they have exposure to the fraud;” which means of course that they don’t know and have Continue reading article » 
I have been thinking for a while now that the so-called “credit-crunch” is really a crisis of business integrity, fuelled by human weakness but driven by inadequate business models that have been isolated from reality by their “systems.” Confused of Calcutta is JP Rangaswami ‘s popular blog and a fixture on my own blogroll. JP has put forward some thoughts on survival strategies for dealing with the economic downturn. His argument describes how the corporate immune system switches effortlessly into a “not invented here” mindset and JP then exhorts CIOs to embrace opensource solutions as a cost reduction strategy, Continue reading article » |
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