Archegos: Difference between revisions

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====Silos====
====Silos====
It was not only the co-heads who operated in silos. Silos, as anyone who has worked in financial services will know, are endemic. They are no regrettable itinerantly of a modern organisation, but a fundamental ideological choice that it makes. “[[Downskilling]]” and specialisation — and by “specialisation” I mean “atomising a process into a myriad of functions so limited in scope that they can be carried out by ''non'' specialists following a playbook” — is no accident, but precisely what our [[modernist]], [[reductionist]], data-obsessed times demand.
It was not only the co-heads who operated in silos. Silos, as anyone who has worked in financial services will know, are endemic. They are no regrettable externality of a modern organisation, but a ''fundamental ideological choice'' that it makes. “[[Downskilling]]” and specialisation — and by “specialisation” I mean “atomising a process into a myriad of functions so limited in scope that they can be carried out by ''non'' specialists, following a [[playbook]]” — is no accident, but precisely what our [[modernist]], [[reductionist]], data-obsessed times demand. Not an accident, but ''one waiting to happen''.


Silos also give everyone grand pooh-bah titles and diffused responsibility. Co-heads of ''anything'' is either a failure of nerve (the case here) or a Spartan play to see who is strongest (the [[Goldman]] approach, but   
Silos also give everyone grand pooh-bah titles and diffused responsibility. Co-heads of ''anything'' is either a failure of nerve (the case here) or a Spartan play to see who is strongest (the [[Goldman]] approach, but