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Old 29th Jul 2015, 20:36
  #118 (permalink)  
Fox3WheresMyBanana
 
Join Date: Apr 2010
Location: Canada
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You see the problem with MBAs, HR, Accountants etc is that there are a few who actually know what they are doing. My BIL is an accountant. As FD, he didn't try to tell his Animal Feed employer how to sell Animal Feed. He did, however, sort the boring routine stuff like insurance. The plant and warehouse burnt down on Boxing Day one year. This is peak time for animal feed. The conversation with the CEO at 6 am went something like.

CEO "I'm ruined!"
BIL "No you aren't, we are insured"
CEO "But I'm only insured for £xxmillion"
BIL "I reviewed that in June. You are insured for £yymillion plus cover to buy in feed from elsewhere to keep your contracts going. We will in fact profit from this fire, but I didn't start it, honest!"
CEO "I'm saved. I want to have your babies!"

..and the insurance company tried to duck the payments and appointed an independent assessor....except the independent assessor was the guy who'd been appointed by BIL to do the review in June, because my BIL had checked that he was on the insurance company's list first.

Mind you, he doesn't like many other accountants.
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