The latest of Larus Welding is that he is apparantly heading off to Harvard to do a master’s degree.
His application to the university must be quite a read.
CEO of Landsbankinn, UK when IceSave was being implemented, then CEO of Glitnir who appeared on national television days before his bank was taken over by the state to tell everyone that things were just great.
Larus is my age, thirty-three. At a time when people should be aspiring to enter top-management he has been CEO of two huge institutions whose collapse has caused widespread damage. If he were a bomb technician then people would run when they saw him coming.
At a time when Icelandic citizen’s are on the verge of breakdown from the increase in their loans and payments that their banks refuse to discount, Larus received a 100 million ISK discount on his own loans. Oh, and he changed his name…!
How did a twentysomething from Reykjavik become CEO of a large financial institution in London and then one of the fastest growing global banks? Astounding brilliance or an outstanding ability to nod and do someone’s biddings?
Harvard seems to think the former, the people of Iceland feel it in their wounds that it is probably the latter.
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Sebastian
2 years ago
“How did a twentysomething from Reykjavik become CEO of a large financial institution in London and then one of the fastest growing global banks?”
Hmmm mayby that wise look and gray hair made it possible
, BTW is it natuaral or just to give a look fortysomething
Mr. T
2 years ago
If he gets admitted to Harvard, that alone will lend credibility to the business masters of the western world.
As corporate clowns, that is.
Blubber
2 years ago
1. He was accepted?
2. He can afford to go to Harvard?
The Insider
2 years ago
@Sebastian, yes his hair is naturally like that.
@Blubber, don’t know if he’s been accepted, but he sure as hell can afford to go to Harvard. He received 300 million Icelandic krona (approximately two and a half million US dollars) for leaving his job at Landsbanki in London to accept a job as CEO of Glitnir in Iceland.