Dr. Sasha Galbraith: Blame it on Hormones: Men are the Cause of Today's Problems

The Wall Street Journal has had a flurry of great headlines lately: "Inside Fumbled Facebook IPO" and "JP Morgan Reveals 'London Whale'-Size Losses." While reading these and other stories about the massive losses surrounding the Facebook IPO and JP Morgan's hedging losses, I couldn't help but notice how it was men who caused the vast majority of these recent (and several past) problems. What if Facebook's all-male Board of Directors had chosen a female investment banker to head up their ill-fated IPO? What if the "London Whale" or his male boss had been a woman? What if Enron's bad boys had been girls? What if Nick Leeson, who ruined Barings, had been named Nicole? How many bonuses could Societé Générale have paid with the $7 billion blown by rogue trader Jérôme Kerviel if he had been a she?