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The dog in the night time: Difference between revisions
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*'''Credibility''': Connection top political figures or well-regarded community pillars. If George Schultz is on the board the company must be legit, right? We imagine community pillars have done their due diligence on our behalf? | *'''Credibility''': Connection top political figures or well-regarded community pillars. If George Schultz is on the board the company must be legit, right? We imagine community pillars have done their due diligence on our behalf? | ||
*'''Cult of personality''': A single Svengali, genius, Nobel prize-winners, NASDAQ chairmen | *'''Cult of personality''': A single Svengali, genius, Nobel prize-winners, NASDAQ chairmen | ||
*'''[[The noble believer]]''': The credible person who is duped and who unwittingly enables the fraud, The prison of belief. | |||
*'''[[The big lie]]''': The lie so big it couldn't ''possibly'' be a lie. Could it? | |||
==Oh come on, Ref== | ==Oh come on, Ref== | ||
*'''Over-reliance on “other adults”''': We imagine regulators/rating agencies are better resourced, more watchful, more powerful, more talented and less human than they are. Examples: | *'''Over-reliance on “other adults”''': We imagine regulators/rating agencies are better resourced, more watchful, more powerful, more talented and less human than they are. Examples: | ||
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:*competing regulators are incentivised to keep businesses they regulate “onside”; | :*competing regulators are incentivised to keep businesses they regulate “onside”; | ||
:*business finance political campaigns and indirectly influence the leadership of regulators - S&L scandal | :*business finance political campaigns and indirectly influence the leadership of regulators - S&L scandal | ||
*'''Who is going to say no?''': where is the person inside the organisation who can stand up to the visionary? Who is Lear’s Fool? | |||
==In bed with the lawyers and accountants== | ==In bed with the lawyers and accountants== | ||