Watts Up With That by Christopher Monckton of Brenchley 4/16/2020
Early in 2001, an international corporation’s chief financial officer conducted a business-continuity appraisal of the entire business. All insurances were reviewed and brought up to date. The pension fund was audited to make sure it could meet its obligations. Health, safety and business-risk assessments of every kind were conducted.
The United States headquarters of the corporation were in a prominent New York skyscraper. The cautious finance officer decided that if one of the many totalitarian regimes worldwide that hate democracy and, therefore, have a particular loathing for the United States were to mount a terrorist attack, the building might be vulnerable. At some cost, he turned in the lease and, notwithstanding some grumbling from the board, moved the entire operation to somewhere less prominent.
The building was No. 1, World Trade Center.
The CFO was my brother-in-law, which is how I know the story. As far as I know, it has not been published before. For confidentiality, I shall not name the corporation, but you have heard of it.
Protecting any business, or any nation, from foreseeable but apparently not immediate risk always comes at a price. The arcane art of business continuity appraisal is to decide which risks are so potentially damaging to the corporation that they must be prepared for regardless of cost. The CFO’s assessment was that the corporation might not recover if it lost its entire United States headquarters staff. So he paid the cost and was proven right to have done so.
More:
https://wattsupwiththat.com/2020/04/16/business-continuity-and-the-chinese-virus-coronavirus/
