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By Michael Skapinker
Published: April 12 2010 20:47 | Last updated: April 12 2010 20:47
Another hearing, another round of self-criticism from finance's fallen functionaries. "I can only say that I'm deeply sorry," Chuck Prince, former chief executive of Citigroup, told the US Financial Crisis Inquiry Commission last week. Robert Rubin, a former Citigroup director, said he too was full of regret.
It is all very well being sorry, but what is to be done? In the search for a way forward, business leaders are upending the nostrums of 30 years "“ particularly the relentless focus on shareholder return.
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