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I guess you have not been able to communicate your worries to the higher ups? I mean, you've been going on about this for like three years.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Thu Oct 9th, 2008 at 10:28:28 AM EST
[ Parent ]
I spend my time on my deals. Management is too political for me.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Thu Oct 9th, 2008 at 10:52:22 AM EST
[ Parent ]
Plus there's supposed to be a risk department whose job it is to predict (or at least stress-test) these things.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Oct 9th, 2008 at 11:13:25 AM EST
[ Parent ]
Haha.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Thu Oct 9th, 2008 at 11:30:03 AM EST
[ Parent ]
I was talking to someone who used to work for an SIV. At one point he wan involved in figuring out scenarios under which their portfolio would blow up. One of the scenarios was "worldwide market outage lasting 4 weeks or more". Of course that scenario was looked at by the appropriate senior person and signed off as 'acceptable risk'. And of course that's what happened in August last year.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Oct 9th, 2008 at 11:34:38 AM EST
[ Parent ]
Information Processing in Business

The Claim (Hutchinson Operator):

[W(A) U a1(w1) U a2(w2) ... an(wn), n = 1, 2, 3 ....] such that SIWIGO = 1

Where:

W = Repertoire of Operations on the data
w = Selected operation
A = Total data stream
a = Selected data
SIWIGO = Some Idea of What Is Going On.

What Really Happens:

[WB(BA) U ab1(wb1) U ab2(wb2) ... abn(wbn), n = 1, 2, 3 ....] such that  SIWIGO = {}

Where:

WB = Repertoire of Operations on the data allowed by the Big Bosses

wb = Selected operation on data by little bosses to confirm the prejudices and preconceptions of the Big Bosses

AB = Total data stream selected to confirm the prejudices and preconceptions of the Big Bosses

ab = Selected data specifically chosen to confirm the prejudices and preconceptions of the Big Bosses

A doo run-run-run, a doo run-run

by ATinNM on Thu Oct 9th, 2008 at 02:26:46 PM EST
[ Parent ]
Starvid naively asks, "I guess you have not been able to communicate your worries to the higher ups?"

Don't know about France.  In the US telling the truth or questioning higher ups is a sure ticket to unemployment for white collar workers.  A 'blue collar' worker is simply ignored; after all, if that person knew anything they'd be a white collar worker.  

A doo run-run-run, a doo run-run

by ATinNM on Thu Oct 9th, 2008 at 02:06:33 PM EST
[ Parent ]

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