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-organisational collaborations and alliances, as well as interpersonal ties between employees of different firms. Moreover, this is not just a matter of interpersonal acquaintanceship and mutual accommodation among incumbents of positions in adjacent firms. Workers have identities, or there are claims and obligations upon them, other than as incumbents of a position in an organisation. Claims upon them also arise from their occupational and professional affiliations. The occupational associations of practitioners exert an influence over appropriate levels of competition, partly through

in Market relations and the competitive process
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's organisational complexity resulted in delays. In many instances Lehman and its counterparties were uncertain of the identity of the specific Lehman entity against which creditors had claims … Lehman's interconnectedness (in particular, guarantees by the holding company to affiliates) led to delays as holding company creditors argued in the hope of greater share of recovery than under strict priority rules. 25 Further challenges followed, even with the well-defined and well-used process set out in

in Lehman Brothers

. For the PRA, among the obvious responsibilities, such as the treasury management functions, six out of the 20 are related to maintaining the map, the performance of the bank of its obligations under SMR and the certification rules, but, more important, to staff at all levels. These include: induction, training and professional development of senior managers; leading the development of the firm’s culture and standards in relation to the conduct of business and the behaviour of staff; and embedding those standards and the bank’s culture in relation to the conduct of

in Holding bankers to account

be made aware that there are different ways of thinking about the economy so that they can engage critically with theories that are currently handed down to them unquestioningly. What a liberal education has meant in practice in British universities has varied greatly over time and, as a consequence, the concept has many different and even contradictory meanings.4 Liberal educational principles are shaped by their wider social and political contexts. They can be used to both defend the social status quo by giving elites a shared sense of identity as in eighteenth

in The econocracy

3 A step too far? Merger with ISC of the last two chapters, attempts have been made to provide a balanced view of the relative positions of Ferranti and ISC by the mid-1980s. The dual analysis will be sustained in this chapter, especially in trying to explain why the two companies entered into a merger in September 1987, outlining how the relationship between Ferranti and ISC evolved slowly over the course of that decade, culminating in extensive rounds of detailed investigations by both executive teams and a plethora of professional advisors selected from

in Ferranti: A History

assessing the state of economics education, they are unwilling to learn from outsiders. This is emblematic of a problem within economics that acts as a barrier to calls for pluralism. Currently, most economics departments could not transition to a pluralist ethos due to the fixed mind-set of both neoclassical economists towards alternative work, and of alternative economists towards neoclassical work. Disputes between economists of different stripes are about professional identities and people’s careers and so the stakes are high. However, there is a reluctance on both

in The econocracy

identity which management was attempting to achieve, in effect it is difficult to see how significant progress had been made in absorbing ISC into the Ferranti organisation. In particular, the existence of two executive committees ensured that decision-making and scrutiny of contracts and finances could well be blurred. Even though Guerin justified the existence of the Proxy Board to the Ferranti International board as a means of providing access to lucrative US defence markets,8 it was clearly going to be difficult to influence what was happening in that committee. Some

in Ferranti: A History