Not everyone has a photograph of their own office building on their office wall. But for Ashok Varadhan, co-head of global markets at Goldman Sachs, a print of the bank’s headquarters lighting up a dark Manhattan skyline as the city was battered by Hurricane Sandy in 2012 is a reminder of what good risk management looks like.
Years earlier, the bank had bought thousands of sandbags. And rather than bury its emergency generators in the basement, it put them on a higher floor.
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