Producer Managers: How Continued Focus on Banking Resulted in Absent Management

Christian Dinesen ()
Additional contact information
Christian Dinesen: Dinesen Associates Ltd.

Chapter Chapter 8 in Absent Management in Banking, 2020, pp 133-150 from Springer

Abstract: Abstract When banks were small and simple, management was a secondary activity. In industry senior people stopped designing, making and selling cars and became specialist managers. In banking the local bank manager kept seeing customers and top management met with the largest clients or conducted takeovers and mergers. A senior Citi banker acknowledged that banking operations were not managed at all in 1970s. The lack of specialist management made absence of management of increasingly complex banks more likely. Incentives favoured banking over management. This producer manager approach contributed to absent management, bank failures and financial crises and made producer managers ill equipped to handle any of them.

Keywords: Producer manager; Specialist management; Unmanaged; Failure; Path dependent (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-35824-2_8

Ordering information: This item can be ordered from
http://www.springer.com/9783030358242

DOI: 10.1007/978-3-030-35824-2_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().