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You are correct on the counts but two things will continue to drive CEO absenteeism on this issue: 1. Timing. I've been in 100s of c-suite meetings in the last five years and noticed one ore leant theme: we are a half a generation away from the next wave of leadership change. With ten or less years left, there isn't the time or desire to chart a new course. 2. A near return to pre-recession profits. When banks feel pain in their NIN, they will be more open to this discussion. We need further business erosion to get there. You are correct and I love your insights but you will need to speak more until the crowd shifts course with the winds.
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Apr 15, 2015