There has always been a complicated interrelationship between malfeasance and bad data. Throughout history, the spinners, hucksters, and fraudulent have been motivated to “manage the numbers.” Conversely, bad numbers make it more difficult to find the fraud. I’ve been following the unfolding Libor scandal and Barclays Bank, and still don’t know how far, where, and to what cost this will go. But I do see a way forward in this tight coupling between human nature and the data.
Libor’s Real Scandal: Bad Data
There has always been a complicated interrelationship between malfeasance and bad data. Throughout history, the spinners, hucksters, and fraudulent have been motivated to “manage the numbers.” Conversely, bad numbers make it more difficult to find the fraud. I’ve been following the unfolding Libor scandal and Barclays Bank, and still don’t know how far, where, and […]
July 13, 2012
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Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Leading People. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
What you need to know about being in charge.