The fund management industry has not shown up. Its response to the biggest financial catastrophe in generations has been virtual silence. There were no warnings before the crisis and managers are offering no clear vision of the future now. Where are the counter-arguments to those calling for banks to be nationalised, for example? After all, the industry still represents most of what little non-government owned equity is left. Why has there not been a spirited defence of shareholder value or railings against the failures of boards?
基金管理业还没有任何表现。在这旷世难遇的金融灾难中,它的反应相当静默。危机前没有示警,而现在,经理人们也未能对未来给出明确的预测。又比方说,对于那些要求将银行国有化的呼声,反对的意见在哪里?毕竟,该行业仍是多数遗留的极少非国有股权的代表。为何没有英勇捍卫股东价值或指责董事会失职的行为呢?