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Richard Gadsden
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Gmail uses STARTTLS where available to deliver email inside SMTP, so even that traffic is encrypted. Certainly Gmail-to-Gmail email is encrypted on the wire.
Commented Apr 18, 2012 on Make Your Email Hacker Proof at Coding Horror
Make Your Email Hacker Proof
It's only a matter of time until your email gets hacked. Don't believe me? Just read this harrowing cautionary tale. When [my wife] came back to her desk, half an hour later, she couldn’t log into Gmail at all. By that time, I was up and looking at e‑mail, and we both quickly saw what the re...
In the context of your point 1, there is also an agent/owner issue. The director of the company has much higher upside incentives than downside ones - the worst than can happen on the downside is that he loses his job and his reputation is damaged enough that he can't find a new one.
That's not exactly wiping him out, where a company that suffers as a result of this big downside can be badly damaged (e.g. BP) or even completely wiped out (Lehman Brothers).
Aligning the incentives better between the owner and the agent is a long-standing problem in modern capitalism, but I don't think you have a solution either.
Commented Dec 30, 2010 on Tail risk & incentives at Stumbling and Mumbling
Tail risk & incentives
The trouble with Northern Ireland’s water supply reminds me of the financial crisis. Both are examples of the dangers of tail risk. For years, there was an under-investment in the province’s water supply. This freed up cash in the good years, but left the region vulnerable to disaster in the eve...
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Nov 30, 2010
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