No, when people’s lives are on the line and a building might be brought down due to an airplane crashing into you, you should not even think about binders or paperwork, much less making others think about binders.
No, when people’s lives are on the line and a building might be brought down due to an airplane crashing into you, you should not even think about binders or paperwork, much less making others think about binders.
Gosh! That's a lot!
If an airplane hits the world trade center, would I push the fat man in front of the train? (Sorry - moral philosophy question)... Ummmm. I don't know! Would you? WOuld I? How long would I brain freeze? Would I ask people to stay? Go home? Take books? The vault? I don't know! What would you do?
My point here is simply this: You don't know what you were do, in real time, until you are in the hot-chair. You don't! Nobody does. And you will get it wrong. And anything you decide (anything!) will be criticized for decades. By people who were not there.
I am here to understand the thinking of people who thought management should have "done better".
It could well be that this is correct, but it was a very confusing morning, if you will recall, and nobody knew what the hell was going on.
One stupid example is that my friends at Bear Stearns in WTC-7, left the building (evacuated) when the stock markets in NY shut down, and all lived. But the other friends on the bond-desk (traded out of Chicago, which didn't shut down), stayed and all died. (Hard to get a bond trader off his desk!).
It was a horrible day. And also unprecedented. I think it is a little unfrair for people to expect managers to know how to react (immediately and pro-actively!) to an unprecedented event. If I had an argument, it would be that: If I were a manager on that day, I would have been confused. And so would you.