Re: The Norm
Phoenix
12/27/2011 9:08:07 PM
After reading this list I can't help wondering about other white collar crimes that were not caught. If people could do such outrageous things and hope to get away with it what if some actually did? And of course I'm worried about how many of those get uncovered next year.
Change of subject, but raise your hand if you wish Dominique Strauss-Kahn were coordinating the European response to the debt crisis! For sheer 60 to zero implosion, I nominate him as our Blunder Poster Child!
Re: Blunders
Broadway
12/27/2011 2:47:04 PM
To build a nuclear reactor on low ground along a coastline that's historically experienced tsunamis was the first bad decision. The fact that they had to build 20 foot seawalls to protect the place from a wave should have been evidence enough that perhaps it wasn't a bright idea. Then the fact that when an actual wave came it was twice that height ... It is scary how arrogance and short-sightedness trump the lessons of history and common-sense risk management.
Sometimes when you look around, the levels of stupidity, stubbornness and downright arrogance over decisions that affect thousands of lives are downright scary.
Re: Blunders
tokyogai
12/27/2011 10:35:12 AM
And that was done under duress. Some of the officials stil thought they could save the reactors and did not want to "ruin" them with seawater. They did not believe any fo the experts who kept telling them how serious the situation was. More misguided management.
Tokyo Electric's handling of that incident was egregious. The only thing that prevented a full blown meltdown was that sea water they pumped iin, from what I've read.
Re: Blunders
Broadway
12/26/2011 9:46:14 PM
Yes it was a year full of blunders at one point I thought Netflix was just vying to get the Harvard Business case written in record time. Hopefully other companies learn from these public mishaps and lapses of judgment but I am pretty sure you will have another list in 2012! Happy Holidays!
Great round-up, Sherri! Here's hoping that the list will be a lot shorter in 2012, though I'm not overly optimistic.
What I am optimistic about is the power of the little guy through social media to spread the word about sub-par products and performance (RIM, Netflix, Groupon), and actions that jeopardize the consumer (B of A, Sony).
When I look at how most of these companies and situations were exhaustively discussed and dissected on the IU message boards, I feel slightly ahead of the snowball as opposed to crushed by the avalanche!
Thanks Heinrich! Happy holidays to you too
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