April 7, 2008
Titanic and Public Servants
Captain Maurice Henry Clarke, the inspector who cleared the Titanic for sailing, being examined:
"Did you think your system was satisfactory before the Titanic disaster?"
"No, sir."
"Then why did you do it?"
"Because it was the custom."
"Do you follow a custom because it is bad?"
"Well, I am a civil servant sir, and custom guides us a good bit."
Source: “The Titanic Disaster: An Enduring Example of Money Management vs. Risk Management”
http://www.cuug.ab.ca/~branderr/risk_essay/titanic.html
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