Join the Community

23,252
Expert opinions
43,794
Total members
374
New members (last 30 days)
178
New opinions (last 30 days)
29,060
Total comments

How to get hold of 8 million dollars

I recall some 25 years ago being told via e-mail to change the Bank Account that my employers Direct Debits would be credited to from a High Street branch of Lloyds to one in a small local village with a population of less than 1,000.

When I kicked up a stink requesting higher authority (we were talking about £700,000 a week even in those days) at first I got into trouble for quibbling, then later it dawned on the powers that be what my intransigence had prevented.

It seems crazy to me that anyone would accept a simple e-mail request as authorisation - I'd expect to see a formal memo on header notepaper, and with at least 2 signatures on it, and then I'd make a phone call to confirm. 

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

23,252
Expert opinions
43,794
Total members
374
New members (last 30 days)
178
New opinions (last 30 days)
29,060
Total comments

Trending

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Very important feedback to the EU-commission from Findynet

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

The huge-savings curse. Part II (e-invoicing)

Now Hiring