12 October 2004

Operational Risk Headlines...

The newspapers are full of headlines today displaying the operational risks we contend with in these volatile days ahead of the US Presidential election:

Oil Prices Reach $54, a New Record - New York Times

US seizes independent media sites - BBC News

UN watchdog concerned by disappearance of nuclear material from Iraq - UN News Centre

U.S. Subpoenas Chiron Over Flu-Shot Shortage - SmartMoney.com

Fannie Mae faces DOJ probe, 8 investor lawsuits - Reuters

Feds: Hurricanes devastated Florida's citrus crops - Ft. Wayne News Sentinel

Westar testimony will include lavish lifestyles - CNN

The Global 500 company is dealing with a myriad of operational risks. Those that have proactive risk mitigation and management systems will survive. The question now is what will happen once the new President of the United States is finally decided.

What will happen with the price of oil? The corporate governance enforcement? World Trade and Diplomacy? The only thing of certainty is that the outcome of the elections will not affect the weather. Prepare.

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