Tag Archives: Peter F Drucker
This week on Facebook: Last week in It’s only money! I quoted Peter Drucker, for those who may not be familiar with his works, and perhaps the younger millennials in particular, this week is devoted to my take on the man. On his death (aged 95) in 2005 he was described by a Bloomberg Business Week article as The Man Who Invented Management, I much prefer the subheading ‘Why Peter Drucker’s ideas still matter’. Read more of this post
I remembered a film that I had seen some time ago, which was also called Other People’s Money. The film is based on the script for a play written by Jerry Sterner who I am sure would wish to be called a ‘playwrite’, but who nevertheless wrote this play based on his experience as a financier. In 1989 the the play became an an off-Broadway hit in New York. The film, billed as a ‘romantic comedy’ is worth watching for its portrayal of the corporate investment world and its characterization of the players in this story. The film contrives a ‘happy’ yet feasible ending to the story, whereas the original play reaches a more realistic and plausible conclusion. The post Other People’s Money: A Tale of Capitalism and Creative Destruction by Edward W. Younkins provides a good synopsis of both the film and the stage version of ‘Other Peoples Money’. With the benefit of hindsight in the form of market crashes and especially in the light of the current financial crisis, I see the story itself and especially the role of ‘Larry the Liquidator’ as an allegory in the context of these. Read more of this post
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