Macquarie Group

April 24, 2008

The Economist has an article about Macquarie Group, talking about their business model and if they can continue their sucess.

Here is a good quote about how they manage their staff:

For some, this optimism is based on an aspect of the Macquarie model that is hard to pin down: its people. Much of Mr Moss’s (current CEO) 30-year experience has been on the trading floor, which has taught him to be adventurous—within limits. The trick, he says, is to encourage employees to come up with fresh ideas, back them if they are good, and award big bonuses if they are successful, and, importantly, contain losses.