"in late 2016 Daewoo was caught in a massive accounting scandal. It was discovered that the firm, instead of being profitable, had accumulated dizzying losses i

"in late 2016 Daewoo was caught in a massive accounting scandal. It was discovered that the firm, instead of being profitable, had accumulated dizzying losses in 2015 and 2016 of 6 trillion won ($4.8 billion). Only a direct government loan of US $2.6 billion in March 2017 allowed Daewoo to avoid bankruptcy." It's really profoundly weird to me as a sociological phenomenon that a company can be as mismanaged as this implies, and yet, you know, build enormously complex ships that work. I'm not saying this is particularly unique, among companies or industries. It's just, how can things be so broken at one level and still chug along at another? Physical machines usually catastrophically fail if some important component does, especially the control and feedback systems.