Andrew Hill from the Financial Times writes there’s risk in relying on risk managers. He also notes that despite Carsten Kengeter’s assertion: “We will not rest until we have controls that are as watertight as possible”, we all know that…
CEO Oswald Gruebel reacts to UBS fraud [humour]
Here is a reenactment of how UBS CEO Oswald Gruebel reacted when he learned about the $2 billion fraud. (That is Colin Firth portraying Gruebel on the left.) http://www.youtube.com/watch%3Fv%3DxJvGE7Vvd4M
Risk management is neither the cause nor the solution to UBS’s problems
A headline today on CBC.ca reads “UBS case latest failure of risk management”. I think I will spend the rest of the day being offended by the CBC. (All will be forgiven if Amanda Lang appears on the National tonight.)…
Reputation risk: Is Delta Airlines the Mel Gibson of aviation?
Has Delta Airlines become the Mel Gibson of air travel? As Riskczar.com reported recently, Delta Airlines took a reputation hit because it was charging US soldiers $200 for shelping their four piece of luggage when returning from the War on Terror. Now,…
Reputation risk at Delta Airlines
Delta. What were you thinking? When a soldier is coming back from war, nothing says thank you and God Bless America like charging him an extra $200 for a fourth bag (containing his weapon no less). Thanks to the often…