Until its demise two years ago, Lehman Brothers Holdings Incorporated was managed by a ten-strong board of external directors, few of whom had direct experience in the financial services industry. At the time of the bankruptcy, nine of the group was retired (for an average of 12 years each), while four of them were more than 75 years old. The group included a theatre producer, a former navy admiral, an economist known as ‘Dr Doom’, and a man previously voted one of the ‘Worst American CEOs of All Time’. But what has happened to the board members since then? Arabian Business takes a look: (Getty Images)
A few months after buying FRHI Hotels & Resorts from investors including Qatar Investment Authority and Kingdom Holding, AccorHotels CEO Sébastien Bazin denies the hotel management firm is growing too fast. In fact, he intends to pick up the pace – especially in the GCC.