n IMIESA - The leadership imperative : editor's comment

Abstract

The recent and far-reaching consequences of the American subprime housing fiasco, which led to a number of well-known international banks closing their doors, and plunged the world into its worst financial crisis since the Great Depression, is a case study in voracity. It illustrates our capitalist-gone-wrong, consumerist, greed-driven affluenzic feeding frenzy where the pursuit of money and wealth is the overriding justification for all behaviour, and where the observance of law and ethics applies to everyone else but oneself.