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Greed eats brains
FTX as Enron anno 2022?
No sooner had new CEO John J. Ray III taken over at the insolvent crypto exchange FTX than he described the situation as a "unprecedented situation", with a total failure of corporate governance. This…
Whistleblowing
A billion dollar deal breaks and a whistleblower uncovers the fraud
Twitter's case against Elon Musk will begin in October. According to CNN, Twitter's former head of security, named Peiter Zatko, had given a tip about massive security breaches and fake accounts. Part…
Non-Financial Risk Management
The painful financial side of NFR
The past as well as the present are full of examples of risk blindness, risk ignorance and downright stupidity. For instance, "The Reactor Safety Study" (Rasmussen, 1975) shows a prime case of…