“I can only say that I am deeply sorry that our management – starting with me – was not more prescient and that we did not foresee what lay before us.”
– Chuck Prince, former CEO of Citigroup, Congressional testimony, 8 April 2010
“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.”
– Chuck Prince, CEO of Citigroup, interview with Financial Times, 10 July 2007
Er…
If the politics of climate change end up polarised, is that so bad? No – it’s disastrous. Or so I’ve long thought. Look at the US – where climate is even more polarised than abortion. Result: decades of flip flopping. Ambition under Clinton; reversal...
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Since its onset, one striking feature of the coronavirus pandemic (COVID-19) has been the narrative power of its novelty. This global narrative depicts COVID-19 pushing humanity towards a ‘historical divide’ of BC and AC (before and after COVID-19), where unknown,...