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Short-Term Strategies Don't Work for Wall Street or the Planet
Jan 28, 2011
The fiscal crisis on Wall Street is a painful lesson in how entire industries can delude themselves into ignoring the most fundamental issues -- in this case, the hidden risks from easy sub-prime mortgages. It also reveals the vast pitfalls of an economic system obsessed with short-term gains and growth at all costs while ignoring essentials such as building long-term shareholder value and protecting the future of the planet. As we confront global climate change -- perhaps the biggest challenge mankind has ever faced -- business and government leaders have an opportunity to learn from the ongoing Wall Street debacle and get it right.
How Insurance Has Become a Well-Spring of Green Innovation
Jan 28, 2011
We all know the saying: adversity begets opportunity. Today, the insurance industry is heeding that idea and discovering that hurricanes, among other climate adversities, can create innovation -- and revenue.