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Under the terms of Ripplewood's agreement, the government must take responsibility for bad loans that arise from such circumstances, reducing Ripplewood's risk.
There's a logic to that, but what it means in practice is that it's far too easy for top executives to evade responsibility for bad behavior that they've not only tolerated but actively encouraged.
He helped persuade Pearson to call the 1965 elections and served as Liberal Party campaign chairman during them; when Pearson failed to achieve a clear parliamentary majority, Gordon resigned, accepting responsibility for bad political and financial advice.
The first post-budget poll showed the coalition would most likely gain a small majority, though history shows that political parties are rarely rewarded for taking responsibility for bad news.
-- He is preternaturally unable to take any personal responsibility for bad things that happen under his watch, whether bankruptcy or the death of a Navy SEAL, which he publicly blames on the generals.
Editors use it in communication with their writers to disperse responsibility for bad news and to imply that difficult decisions have been reached by consensus: "we" thought that the piece could lose a thousand words; "we" didn't quite see the point of your opening anecdote.
Similar(50)
Distributive justice in both arguments required insurance against bad realization of risks of "brute luck" but responsibility for the bad realizations of option luck.
But it must also accept responsibility for the bad news.
"For all the good things you do, you have to take responsibility for the bad things.
But that doesn't mean we take responsibility for our bad behaviors.
The Italian state will then take responsibility for the bad loans by agreeing €12bn of guarantees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com