“They kept the one man that was able to fill them in and everything. The man that had stolen the money, they kept him for that year between the 30th of March 2010 and the 14th of April 2011. Liam was the only senior person they kept on the board. So he told them everything”

The Quinn Files · Sean Quinn Answers the Questions People Keep Asking | The Quinn Files EP8

Play from 25:54
25:54

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What was described

kept senior employee Liam McCaffrey on the board for a year to extract information about the company's assets and debts

Said nearby on the same subject

“Agents can be better at structured extraction than humans… if you have a harness where the agent is not only extracting the information but correcting itself, reviewing its outputs, you kind of get to unbalance that in the favor of perfect accuracy”
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Said on The a16z Show
“Take the 150 billion off the 2 trillion in government debt… reduce debt by about 12% and save 8 billion a year”
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Said on Straight Talk with Mark Bouris
Why it worked $150 billion; reduces debt by ~12%; saves $8 billion annual interest Share this moment
“The board then comes up with a compliance committee ... within 90 days ... to show how they will hold senior management accountable”
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Said on Compliance into the Weeds
Why it worked 90 days Share this moment
“External materials. Supporting publications or alternative views from external parties, competitor information are very helpful for the board members.”
LH
Laura Hay
PwC's accounting podcast ·
Growth tactic Share this moment

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