Short-Termism: What We’ve Learned from the Financial Crisis and Recent Banking Scandals

Matt Orsagh, CFA, CIPM, director of capital markets policy at CFA Institute, discusses how practices like quarterly earnings guidance help fuel short-termism, the lessons of the 2008-09 financial crisis, and how JPMorgan’s bad derivatives bets reinforce the need for corporate directors to better understand risk. Orsagh is the author of the recently released corporate governance report, Visionary Board Leadership: Stewardship for the Long Term.

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