A senior executive at a global financial firm admits that he and his fellow managers spent more time choosing the company’s holiday card than they did discussing strategies for their investments in the entire continent of Africa. Another firm reveals that 80 percent of their top management’s meeting time is occupied by issues accounting for less than 20 percent of the company’s longterm value. These are just a few of the stories Michael C. Mankins discovered when his management…

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Read more stories by Ivor Holloway.