New Graduates managing for theupturn<br />Tomás Cafferata<br />25.06.2010<br />
Whathappened?<br />A world in crisis<br />
A World in Crisis<br />425 pts.<br />2001<br />
A World in Crisis<br />MortgageOriginations<br />25%<br />2005<br />
A World in Crisis<br />Banks’ excess of depositsoverloans / $trn<br />2<br />1<br />+<br />0<br />-<br />1<br />2<br />Dev...
A World in Crisis<br />2008<br />
A World in Crisis<br />-21.5%<br />-7.4%<br />-15.2%<br />-14.4%<br />2009<br />
Who are tobeblamed?<br />Ourliability<br />
TheMortgageIndustry<br />Lenders<br />Appraisers<br />
TheMortgageIndustry<br />Rating Agencies<br />
TheMortgageIndustry<br />Banks<br />
TheMortgageIndustry<br />
Governments<br />Mark-to-market<br />Administrations<br />FED Rate<br />HousingReform<br />Gramm-Leach-Bliley<br />
Ourliability<br />U.S. HouseholdDebt / DisposableIncome<br />
Ourliability<br />U.S. AnnualCreditCardSolicitations in Billions<br />
Ourliability<br />U.S. Percent of FamilieswithCreditCardDebt<br />Year 1989<br />Year 2005<br />
Whichactionsweretaken?<br />Payingthepiper<br />
Payingthepiper<br />4.9tr.<br />2800 USA<br />624 Germany<br />586 China<br />468 France<br />260 Netherlands<br />238 UK<...
Payingthepiper<br />4.9tr.<br />2900 War in Irak<br />689 Poland’s GDP<br />515 Y. Shiftingto solar power<br />465 5y. Kid...
The Big Picture<br />People<br />Companies<br />Government<br />Confidence<br />
The Big Picture<br />People<br />Companies<br />Government<br />People<br />Companies<br />Government<br />Unemployment<br...
The Big Picture<br />People<br />Companies<br />Government<br />MISMANAGEMENT<br />
A new<br />MANAGEMENT<br />fortheupturn<br />
Howtomoveon?<br />Managingfortheupturn<br />
Managingfortheupturn<br />Negligence<br />Prudence<br />Returns<br />Integrity<br />Liquidity<br />
Managingfortheupturn<br />Common<br />Good<br />Development<br />
Managingfortheupturn<br />
thankyou. <br />
New Graduates managing for the upturn<br />Tomás Cafferata<br />25.06.2010<br />
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New Graduates Managing for the Upturn - Haniel Seminar (Germany, 2010)

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Slides for the presentation "New Graduates Managing for the Upturn".

Structured in 4 parts:

1. What happened?: A world in crisis
2. Who are to be blamed?: Our liability
3. Which actions were taken?: Paying the piper
4. How to move on?: Managing for the upturn

Original paper can be downloaded from the Haniel Seminar EUV website. Do not hesitate to contact me with your inquiries.

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New Graduates Managing for the Upturn - Haniel Seminar (Germany, 2010)

  1. 1. New Graduates managing for theupturn<br />Tomás Cafferata<br />25.06.2010<br />
  2. 2.
  3. 3. Whathappened?<br />A world in crisis<br />
  4. 4. A World in Crisis<br />425 pts.<br />2001<br />
  5. 5. A World in Crisis<br />MortgageOriginations<br />25%<br />2005<br />
  6. 6. A World in Crisis<br />Banks’ excess of depositsoverloans / $trn<br />2<br />1<br />+<br />0<br />-<br />1<br />2<br />Developedworld<br />2008<br />Emergingmarkets<br />
  7. 7. A World in Crisis<br />2008<br />
  8. 8. A World in Crisis<br />-21.5%<br />-7.4%<br />-15.2%<br />-14.4%<br />2009<br />
  9. 9. Who are tobeblamed?<br />Ourliability<br />
  10. 10. TheMortgageIndustry<br />Lenders<br />Appraisers<br />
  11. 11. TheMortgageIndustry<br />Rating Agencies<br />
  12. 12. TheMortgageIndustry<br />Banks<br />
  13. 13. TheMortgageIndustry<br />
  14. 14. Governments<br />Mark-to-market<br />Administrations<br />FED Rate<br />HousingReform<br />Gramm-Leach-Bliley<br />
  15. 15. Ourliability<br />U.S. HouseholdDebt / DisposableIncome<br />
  16. 16. Ourliability<br />U.S. AnnualCreditCardSolicitations in Billions<br />
  17. 17. Ourliability<br />U.S. Percent of FamilieswithCreditCardDebt<br />Year 1989<br />Year 2005<br />
  18. 18. Whichactionsweretaken?<br />Payingthepiper<br />
  19. 19. Payingthepiper<br />4.9tr.<br />2800 USA<br />624 Germany<br />586 China<br />468 France<br />260 Netherlands<br />238 UK<br />
  20. 20. Payingthepiper<br />4.9tr.<br />2900 War in Irak<br />689 Poland’s GDP<br />515 Y. Shiftingto solar power<br />465 5y. Kid’sfood and education<br />200 Africa’spoorestcountriesdebt<br />113 Argentina’sdebt<br />115 Marshall Plan<br />
  21. 21. The Big Picture<br />People<br />Companies<br />Government<br />Confidence<br />
  22. 22. The Big Picture<br />People<br />Companies<br />Government<br />People<br />Companies<br />Government<br />Unemployment<br />Bankrupts<br />Downturn<br />
  23. 23. The Big Picture<br />People<br />Companies<br />Government<br />MISMANAGEMENT<br />
  24. 24. A new<br />MANAGEMENT<br />fortheupturn<br />
  25. 25. Howtomoveon?<br />Managingfortheupturn<br />
  26. 26. Managingfortheupturn<br />Negligence<br />Prudence<br />Returns<br />Integrity<br />Liquidity<br />
  27. 27. Managingfortheupturn<br />Common<br />Good<br />Development<br />
  28. 28. Managingfortheupturn<br />
  29. 29. thankyou. <br />
  30. 30. New Graduates managing for the upturn<br />Tomás Cafferata<br />25.06.2010<br />

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