The rogue trading scandal at the National Australia Bank that culminated in the resignation of the chairman and the CEO may at first glance have little to do with the engineering profession. There is no doubt that the basic ingredient of the scandal was that old standby greed followed by that other Shakespearean tragic flaw, hubris. But this greed was not simply a flaw in the character of the individual traders involved in the scandal. The reality is that this greed went right up the NAB management food chain and was predicated on the hubris that technology, specifically risk management computer technology, would save the day.
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