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Agreed, and also it's worth noting that we're talking about companies here. Yes, for any individual the amount of money lost is insane, but that's the risk for
by huijzer 6y ago
Agreed, and also it's worth noting that we're talking about companies here. Yes, for any individual the amount of money lost is insane, but that's the risk for the company. If one individual can accidentally nearly bankrupt the company, then the company did not have proper risk management in place.
That isn't too say that it wouldn't also affect my sleep quality.
- Maxion 6y agoSadly a lot of managers don't see it this way, they'd rather assign blame.
- mavhc 6y agoThey'd rather avoid the blame hitting them
- rebuilder 6y agoDepending on the company's culture, that calculus can vary. If management start firing subordinates for making mistakes, then what should be done to management if they fail to account for human error, resulting in multimillion-dollar losses?
- papito 6y agoWell, why, good Sir - don't they usually get bonuses?
- sitkack 6y agoThat is because they are managers, most got where they are by assigning rewards to themselves.