(Wo)men and the financial crisis

By far the best comment (or shall I say analysis?) about the current financial crisis was in today’s Financial Times (on page 1 and 21). The headline of the article reads “Iceland calls in women bankers to clean up ‘young men’s mess’“. The article goes in quoting “one government official” (from Iceland) saying “It’s typical, the men make the mess and the women come in to clean it up”.

Hilarious! – And so valid. Is it really so surprising that banks have gone where they are given their their male-led macho behaviour? Other industries have already understood that a bit of diversity (do not mention equality!) might also do the financial institutions some good. Maybe now more than ever is the time to copy the Norwegian example of a 40% male/female quota for board rooms in publicly listed companies? If the mess continues, some male bankers shall be happy to have at least a 40% representation 🙂

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