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Essay text:
In 1995, Nick Leeson was effectively reporting to three people ?
- locally to Simon Jones
- co-ordinated with Fernando Gueler in Tokyo
- Mary Walz
This non-clarity of reporting hierarchy continues as we move up the organization, where we have Simon Jones reporting to James Bax and also Geoffrey Barnett. As a result of this ?fuzziness' in reporting structure, we have a situation where no single manager is accountable to the actions of the sub-ordinate (in this case ? Nick Leeson). Each of the bosses assumes that the other boss is validating the actions of the sub-ordinate. This lack of accountability is compounded when the bosses themselves do not have a single boss to report to...
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