In a survey of senior risk managers at financial firms around the world, Quartet FS found that risk management has become more prominent since 2007-2008.

FORBES: Banks Move Toward Global Risk Management, One Local Step at a Time

The people polled included chief financial officers, chief information officers, senior human resource managers, lawyers and executives in advertising and marketing.

FORBES: Careers

Freddie Mac and Fannie Mae are not in trouble because of their structure or financial underpining, rather because of perverse incentives to senior managers resulting in gutting of underwriting criteria and the purchase or guaranteeing of bad loans.

FORBES: The Next Financial Crisis Will Be Hellish, And It's On Its Way

CIT, a financial conglomerate, has placed its chief executive and two other senior managers on leave.

ECONOMIST: The wrong way to become a lender of choice

As chief financial officer Kelly had been one of the more buttoned-up senior managers, though he once shaved his legs to play the role of Hairspray's Edna Turnblatt for one of the company's over-the-top Halloween parties.

FORBES: Magazine Article

The financial meltdown has certainly undermined two of the big ideas inspired by Messrs Jensen and Meckling: that senior managers' pay should be closely linked to their firm's share price, and that private equity, backed by mountains of debt, would do a better job of getting managers to maximise value than the public equity markets.

ECONOMIST: Shareholders v stakeholders