"The new pope wanted to talk about money. That was the message that went out to a group of seven prominent financiers - major Catholics all - from around the world in the summer of 2013. Barely five months after the shocking resignation of Pope Benedict XVI, Pope Francis had summoned them to assemble at the seat of holy power, the Vatican. They knew their general assignment: to create a plan to restructure the Vatican's scandal-plagued finances. And like Catholics everywhere, they knew that Francis had already signaled that he was a new kind of pontiff, a 'people's pope' who championed charity and tolerance over dogma. Still, they didn't know what to expect when they arrived at the Vatican for a meeting with the pope on the first Saturday in August. How interested was he in finance, really? And how serious was he about changing business as usual inside the Vatican?"
A recent article in Fortune magazine examined this initiative of Pope Francis, including the Pope's belief in the importance of sound financial management as a pillar of his mission to aid the poor and underprivileged and his success in overhauling Vatican finances.
To access the complete Fortune article, please visit:
Fortune: This pope means business (14 AUG 14)
In a related item, Leigh Gallagher (of Fortune) and Henry Blodget (of Business Insider) recently participated in the MSNBC Morning Joe program to discuss how Pope Francis is changing the Vatican’s business practices.
To access a video of this discussion, please visit:
MSNBC Morning Joe: Pope Francis’ financial revolution (14 AUG 14)
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