Leaders need to give their workers the space to succeed, but that doesn't mean taking a hands-off approach, writes Jennifer V. Miller. "The best leaders are still connected to those they lead, offering coaching, support and mentorship when needed," she explains.
A good leader is a creator and not just a critic, Mike Figliuolo writes. This means not stopping simply with your opinion. "Give people the coaching, feedback, and resources to improve their average pieces of junk," he writes. "Identify opportunities to connect ideas and people so they can build something greater. Be part of the solution rather than simply pointing out the problem."
A task force commissioned by the UK government suggested that Britain consider developing a body to bundle loans extended to small and midsize businesses. The bundled loans would be sold to investors. The task force recommended that AFME research how a single issuer could be developed to aggregate lending.
"Unbusinesslike intergovernmental transactions" contributed to the financial crisis, write Sang Yong Park, a finance professor and dean of Yongsei University's business school, and Leslie Young, a finance professor and executive director of the Chinese University of Hong Kong's Asia Pacific Institute of Business. They say policymakers should consider how governments can significantly distort markets. Governments need to take a more businesslike approach to investment, they write.
LaCrosse Financial Products LLC, an MBIA division, has cancelled Structured Asset Investors' management of the $1 billion Sagittarius collateralised debt obligation. Standard & Poor's downgraded Sagittarius' debt last week to 10 levels below investment grade.