Could we have stopped the £7,000,000,000 UK business collapse?
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Could we have stopped the £7,000,000,000 UK business collapse?
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About this listen
In the second episode of @MoneyCrimesHumanMinds, we deconstruct the spectacular fall of Carillion. This isn't just a story of "bad math", it’s a study of what happens when a boardroom becomes more committed to their own beliefs than to reality.We go inside the parliamentary reports and board minutes to reveal:-- The Whistleblower: How Finance Director Emma Mercer spotted sloppy accounting within six weeks, only to be labelled a whistleblower.-- Glass-Half-Full Thinking: Why the board chose pet rubber-stampers over independent reviews.-- The Behavioural Trap: An analysis of Groupthink, Defensive Avoidance, and Sunk Cost Bias.-- The Human Cost: 3,000 jobs lost, 30,000 suppliers unpaid, and a £150 million taxpayer bailout.#Finance #BusinessFailure #UKEconomy #Economics #TrueCrime #MoneyCrimes #BehavioralEconomics