Chance News 49: Difference between revisions
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[http://freakonomics.blogs.nytimes.com/2009/06/05/when-to-rob-a-bank/ Steven J. Dubner of the New York Times] writes about Bernice Geiger, a person who "never took vacations" for fear of her embezzlement being discovered by a fill-in employee; she "was arrested in 1961 for embezzling more than $2 million over the course of many years." Eventually, "after prison Geiger went to work for a banking oversight agency to help stop embezzlement." | [http://freakonomics.blogs.nytimes.com/2009/06/05/when-to-rob-a-bank/ Steven J. Dubner of the New York Times] writes about Bernice Geiger, a person who "never took vacations" for fear of her embezzlement being discovered by a fill-in employee; she "was arrested in 1961 for embezzling more than $2 million over the course of many years." Eventually, "after prison Geiger went to work for a banking oversight agency to help stop embezzlement." | ||
"Her biggest contribution: looking for employees who failed to take vacation. This simple metric turned out to have strong predictive power in stopping embezzlement." | "Her biggest contribution: looking for employees who failed to take vacation. This simple metric turned out to have strong predictive power in stopping embezzlement." | ||
Revision as of 18:58, 5 June 2009
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Steven J. Dubner of the New York Times writes about Bernice Geiger, a person who "never took vacations" for fear of her embezzlement being discovered by a fill-in employee; she "was arrested in 1961 for embezzling more than $2 million over the course of many years." Eventually, "after prison Geiger went to work for a banking oversight agency to help stop embezzlement."
"Her biggest contribution: looking for employees who failed to take vacation. This simple metric turned out to have strong predictive power in stopping embezzlement."
Paul A.