I’ve been switching back and forth between law and the public policy business for 35 years. Time and again, I’ve been amazed at how in one field (law) business leaders spend freely in an extreme aversion to financial risk, while in the other field (policy) those same executives live in constant denial of risk. If I’ve learned anything from my careers, it’s that people will spend whatever it takes to avoid a legal judgment. At the same time, however, they will spend very little to prevent the ...
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