[paulddraper]

> everyone knows exactly where all the money is

Bank accounts, contacts, loans, real estate, equipment, IP, etc.

For a (once) multi-billion 1500-employee logistics business, it's more involved than you give credit for.

[Retric]

The CEO/CFO isn’t going to know all the nitty gritty details. Retaining them is about solving different problems than what specific asset is where.

[paulddraper]

We went from "everyone knows where the money is" to "the CFO doesn't know the details."

HN is wild :/

[Retric]

Words have different meaning in different contexts.

If your CEO is looking at records of individual office chairs when unwinding a billion dollar company someone has seriously fucked up. They don’t and shouldn’t know the details by memory.

However, the details are either available so everyone ‘knows’ them as soon as they become relevant, or the executive officers have been committing serious financial crimes.