Why financialised corporate governance has failed us, why banks own the place, and what we can do about it
Economists have argued that when business managers are rewarded to maximise profits and stock prices, society will be better off. Has this really worked?
Watch Anat Admati in a wide-ranging public conversation on this issue at the Blavatnik School of Government. Using the banking sector as a prime example, Professor Admati discusses how, even in well-developed economies, political and policy failures have meant that financialized corporate governance has caused significant distortions and harm. She will offer new ideas to improve the situation.
Anat R. Admati is the George G.C. Parker Professor of Finance and Economics at Stanford University. She is the author, with Martin Hellwig, of The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It (Princeton University Press, 2013). In 2014 Admati was named one of the 100 most influential people by Time Magazine and as one of the 100 global thinkers by Foreign Policy Magazine. Admati has been active in the policy debate on banking regulation and currently focuses more broadly on the political economy of corporations.