Plenty to Learn From MK's Hedging Debacle

The breakdown of corporate governance at our national airline has been so total that a case study if not a book should be written about it. One chapter will probably have to cover how the Chief Executive and the board members were eventually and successfully unglued from their seats. For the good of the company and of the country we can only hope that this chapter will be as short as possible.

And it could very well become an international bestseller that would inform a whole generation of business students, politicians, managers, board members and the general public here and elsewhere about how not to run an airline. In the meantime here is something you might wish to sink your teeth into: Jorion's classic book on downside risk can be ordered by clicking on the image below.