> promise security and.. make a profit
replySome would argue the inherent moral hazard makes these opposing outcomes that cannot be achieved simultaneously.
The company had a valuation of about $500million USD (converted from INR) before the incident. Now it's likely worthless, because of an incident that could have been prevented by hiring one competent person.
replyMoral hazard describes situations where an entity is incentivized to take undue risk. With an upside of saving a single Indian endineers salary and a downside of destroying the entire company, it's safe to say the market wasn't incentivizing this. They were just stupid.
Like a web-of-trust model?
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