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*'''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? | *'''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/my special friend== | ||
A very cosy relationship with a single law firm, accounting firm or management consultancy firm. Especially if there is a history of parachuting senior personnel of one organisation into the other — senior partner becomes general counsel, etc. Especially if the law firm is otherwise not a significant player. Points for style: cosy relations with single firms in all of the above (top marks, [[Enron]]!) | A very cosy relationship with a single law firm, accounting firm or management consultancy firm. Especially if there is a history of parachuting senior personnel of one organisation into the other — senior partner becomes general counsel, etc. Especially if the law firm is otherwise not a significant player. Points for style: cosy relations with single firms in all of the above (top marks, [[Enron]]!) | ||
*Enron and McKinsey; Vinson & Elkins; Arthur Andersen | *Enron and McKinsey; Vinson & Elkins; Arthur Andersen | ||
*Big eight accounting firms and S&L firms | *Big eight accounting firms and S&L firms | ||
*[[Greensill]] - The Greensill Capital’s Australian parent was audited by Nexia Sydney. Its London-based operating entity was audited by Saffery Champness, a UK partner of the Nexia Group. | |||
==[[This time it’s different]]== | ==[[This time it’s different]]== | ||
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==Hiding in plain sight== | ==Hiding in plain sight== | ||
*Publicity courting, egotistical CEO | *Publicity courting, egotistical CEO: Adam Neumann, Jeff Skilling, Lex Greensill | ||
*Lavish lifestyle, private jets, fast cars. | *Lavish lifestyle, private jets, fast cars: Greensill’s suits and fleet of private jets. | ||
*Spends a lot of time at conferences, Davos, wef | *Spends a lot of time at conferences, Davos, wef: Greensill again! | ||
*Inspiring public speakers - hokey aspirational hogwash mixed with [[virtue signalling]] as a BS detector bypass. “we don’t discriminate on age, sex, race and together we are unstoppable”. | *Inspiring public speakers - hokey aspirational hogwash mixed with [[virtue signalling]] as a BS detector bypass. “we don’t discriminate on age, sex, race and together we are unstoppable”. | ||
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*'''Weirdo whistleblowers''': The people who called it out were unglamorous, outsiders, easy to categorise as cranks. | *'''Weirdo whistleblowers''': The people who called it out were unglamorous, outsiders, easy to categorise as cranks. | ||
:*Harry Markopolos on Madoff | :*Harry Markopolos on Madoff | ||
:*Daniel Sheard | |||
:*Shorts on the Big Short | :*Shorts on the Big Short | ||
:*Twitter groups, bloggers | :*Twitter groups, bloggers | ||
*'''Short-sellers are the enemy''': narratising the short-sellers as venal and self-interested (as if any investors aren’t!) | *'''Short-sellers are the enemy''': narratising the short-sellers as venal and self-interested (as if any investors aren’t!) | ||
*'''SoftBank''': SoftBank is an investor! | *'''SoftBank''': SoftBank is an investor! Greensill, Wirecard, WeWork | ||
==Porkie Indicators== | ==Porkie Indicators== | ||