Top Highlights

• Macquarie lives and breathes a risk management system that has been known throughout its history as ‘loose–tight’, and later ‘freedom within boundaries’, which one might explain thus: if you have an idea, and if you can stand it up to the satisfaction of the bank’s leaders and its absurdly smart risk professionals, then they will give you the keys ...
• Johnson and Clarke were firmly Theory Y. They believed that giving employees responsibility was the best approach. Their philosophy was to give employees as much latitude as possible, while remaining consistent with safety and controls. That meant encouraging employees to take their own initiative and get on with it, rather than controlling them fr...
• If Macquarie has stood for anything in all of that time, it has been the entrepreneurial empowerment of the individual.