Tuesday, April 8, 2008

State Street's Board of Directors Ignores Key Risk Factor in Their Own Midst

Rearranging deck chairs on the S.S. Clipper Ship, the Board of Directors today appointed one of their own as Chief Risk Officer.

State Street's clients and counterparties are probably watching these developments with some interest - and wondering: why did the Board of Directors ignore the biggest risk factor of all, right in their own ranks?

Will any of the analysts finally write the note?

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