Quote Originally Posted by barticusz View Post
Ensco do you know what the delegations of authority are within MLSE’s governance structure? I wouldn’t say that Manning has to sign off. Based on my experience, granted it’s a different setting, I could easily see this being within a threshold that does not require Mannings approval. But I’m also speculating.

Absolutely horrendous contract though.
No idea. But it doesn’t really matter. Curtis was young, a relative newbie, there is no excuse for not keeping an eye on him.

In fact, it doesn’t matter that he was young and inexperienced. Even for BB or Bruce Arena, there has to be oversight, a structure to review material decisions. Anyone in finance knows what I am talking about, there is always an Investment Committee or Credit Committee, no matter how good the investor is.

Anything that can cause an outcome like this is material, and needs multiple sets of eyes.