Market's 'mania' and 'bulimia' revealed
Economy is in a purge phase, says management expert
By Inman News, Thursday, June 26, 2008.Bookmarking Sites
SAN FRANCISCO -- Gary Hamel, a strategist on management practices who has consulted with major U.S. companies, described "bankers' bulimia" as he summed up the contributing factors to the housing slump and credit crunch.
"Bankers are as susceptible to manias as Japanese teenage girls," said Hamel, as he displayed an image of youths wearing wildly colored, mismatched socks.
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