Keep egos in check to prevent more Lehman-style crises

That ego and a need for power lurk deep in the psyche of many high-achieving business leaders should not surprise anyone. These characteristics are often vital for propelling people towards the top.

In good times, these qualities let people – and their firms – stand out from the crowd. Richard Fuld presided over a period of huge growth for Lehman Brothers and achieved high personal acclaim, including being named the US’s top CEO by Institutional Investor magazine in 2006. No one was complaining then.
 

It’s untenable to have a normal retirement age in public-sector schemes that is significantly different from the state retirement age

Brian Bailey, Director of pensions, West Midlands Pension Fund and member of High Pay Commission