NTSB El Faro Report Meeting

[Kennebec_Captain]

This is from another thread:

@Earl_Boebert

As far as authority structures go, it has also been my experience and observation that one can build a structure that maximizes the potential and effect of good decisions or one that minimizes the potential and effect of bad ones, but it is very hard to come up with a system that does both. BP was a good example. John Browne’s radical reorganization into a what was in effect a venture capitalist/hedge fund structure was spectacularly successful in generating good decisions about financial performance. The problem was that the structure stripped away all things that inhibited bad decisions about catastrophic physical risk.

This is Earl’s post.