Black duck: Difference between revisions

Black duck (view source)

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 An event that:
-:a) Carries an extreme impact
+:(a) Has an outsized, or non-linear impact on its environment
-:(b) Is highly amenable to post-facto, wise-after-the-event rationalisation, especially by politicians, regulators and senior executives to whose subordinates the event happens
+:(b) Is highly amenable to ''[[ex post facto]]'', wise-after-the-event rationalisations, especially by politicians, regulators and bank executives
-:(c) Lies outside the subject’s ''actual'' expectations, whether or not those expectations were sensible or reasonable.
+:(c) Lies outside the ''actual'' expectations, whether or not sensible or reasonable, of the person whose job it is — ''was'' — to keep an eye out for things of this nature.
 From a company executive’s perspective, black ''ducks'' are like [[Black swan|black ''swans'']] — exactly the same in fact — only they are easier for people on [[Twitter]] to be judgmental about.