RISK QUOTE: We made too many wrong mistakes.
—YOGI BERRA, BASEBALL PLAYER
RISK QUOTE: Not to have control over the senses is like sailing in a rudderless ship, bound to break to pieces on coming in contact with the very first rock.
—MAHATMA GANDHI, INDIAN POLITICAL AND SPIRITUAL LEADER
In the prior chapter, we examined the organizational life cycle and the challenges it presents to enterprise risk management. In this chapter, we have the stories of companies that confronted life cycle in different ways. Although they were not necessarily aware of enterprise risk management when they dealt with life cycle risk, we can share the stories of IBM, Microsoft, and Apple from an ERM perspective.
IBM at Its Peak ...