Hintz added that Bear Stearns has always been an independent firm, making it hard for him to believe that it would suddenly change the corporate culture.

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Hintz added that Bear Stearns (nyse: BSC - news - people ) has always been an independent firm, making it hard for him to believe that it would suddenly change the corporate culture.

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Suffice it to say that there needs to be a massive change in the corporate culture there, and President Obama could make that happen today, and probably should have years ago in the name of good government (or even barely adequate government, to be more accurate).

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"Lawyers that I spoke with say that in order to change the corporate and industry culture, harsher penalties are needed and the government is reportedly looking into criminalising insider trading, " she added.

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Some lessons were broad, like the importance of a corporate culture that tolerates both failure and change.

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Third, the increasing acceptance of Sony's recently unveiled restructuring plan could signify a fundamental change in Japanese corporate culture and this has further fuelled foreign buying of equities (although it is still early to conclude that Sony-style restructuring could form a critical mass).

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That change in culture should also come with hiring, he said, both in the companies and on the corporate board level.

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It has probably done more to change the way people think about what Foster calls "the culture of office buildings" and the relation of the corporate to the public domain in a city's matrix than any other 20th century structure.

CNN: ASIANOW - TIME Asia