But Ault, who moved to Singapore three years ago, says he "no longer feels the magic" in Gotham, which still bears the scars of a financial crisis that knocked the wind out of much of its most extravagant party culture.

WSJ: Wealth Over the Edge | WSJ.Money Spring 2013

Culture is a French passion and a way to fight against the centrifugal force of the crisis, because without sharing, without exchange, without dialogue, there is no culture, any more than there can be commerce.

FORBES: Reasons To Hope

Importantly, senior management strives to create a culture of perpetual crisis that forces the company to look seriously at competitive threats and develop new growth businesses.

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Some banks which performed best during the crisis flouted the rules of good corporate governance: Santander had a familial culture and a powerful executive chairman.

ECONOMIST: Schumpeter

Ms. SUSAN MEDAK (Director, Berkeley Repertory Theatre): There was none of that public self-analysis, none of that public scrutiny that we now go through over every major crisis that helps us, as a culture, define the meaning of an experience, to define the meaning of a tragedy.

NPR: The People's Temple, on Stage

And we have also sought to build a new culture of accountability that was lacking across the banking sector in the run-up to the crisis.

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