A certain level of apprehension is part and parcel of any official having to chair a public meeting. But fear levels of chief executives and other senior board members at banks will have spiked following the shoe-throwing incident at the general meeting of Belgium Dutch financial services conglomerate Fortis. Innovation never stops in banking, that it is now nouveau pauvre shareholders expressing their dissatisfaction in novel ways somehow seems completely apt.
It might be going too far to suggest the leadership of the world’s investment banks will be shaking in their… boots but consider the risks of personal injury if shoe throwing catches on.
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