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Is this the first principle, or the last word, in practical risk management? | Is this the first principle, or the last word, in practical risk management? | ||
The JC once spent time in the employment of a financial services firm , a new CEO decided the firm needed an explicit purpose. He convened working groups all around the organisation to settle on something pithy, memorable and meaningful. A diverse cross section of staff, it must have been for they even invited ne’er-do-wells like the JC, were invited to workshops at which we were presented with suggestions formulated for our consideration by the executive board. One was something along the following lines: “Collaborating with our communities to eradicate global inequality”. It wasn’t exactly that, but it was not far off. It definitely aspired, without qualification to global fairness.<ref>They wound up with something predictably anodyne and meaningless like “Reimagining the possibility of investment by connecting the digital world.” The marketing goons ''loved it''. | |||
All around the room nodded in a thoughtful, if non-committal way — it pays not to be too enthusiastic in situations like this, in case it is a trap — except your correspondent, who asked gingerly, whether a bank whose most significant line of revenue accrued from its ultra-high net worth wealth management business — one which, by aspiring to make the super rich richer was really rather committed to ''increasing'' inequality — really ought to be saying such a thing. | |||
Given that any commercial organisation is a [[self-perpetuating autocracy]], we should expect a great deal ''less'' licence to the free expression by the rank-and-file of uncomfortable opinions than is [[Virtue-signalling|virtue-signaled]] by the boss in his daily lectures on the telescreen. | Given that any commercial organisation is a [[self-perpetuating autocracy]], we should expect a great deal ''less'' licence to the free expression by the rank-and-file of uncomfortable opinions than is [[Virtue-signalling|virtue-signaled]] by the boss in his daily lectures on the telescreen. | ||
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*[[Otto’s razor]]: don’t assume malice where incompetence is an equally good explanation. | *[[Otto’s razor]]: don’t assume malice where incompetence is an equally good explanation. | ||
*[[Thought leader]] | *[[Thought leader]] | ||
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