Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Dan McCrum on Wirecard

Dan McCrum on Wirecard

FromThe Human Risk Podcast


Dan McCrum on Wirecard

FromThe Human Risk Podcast

ratings:
Length:
59 minutes
Released:
Jun 17, 2022
Format:
Podcast episode

Description

How did a journalist with a relentless appetite for the truth, bring down a $30bn German tech company? The company in question is Wirecard and the journalist is my guest on this episode, FT reporter Dan McCrum. He’s just released a new book called ‘Money Men: A Hot Startup, A Billion Dollar Fraud, A Fight For The Future’ in which he explores both the story of Wirecard and its downfall and the efforts he went to as a journalist to investigate it. In what was one of the — if not *the* — financial investigations of the decade, Dan and his FT colleagues pursued a story of fraud, that is ready-made for a movie. Yet, it's a real-life story that reveals hidden worlds of short-sellers and whistleblowers, pornographers and private militias, hackers and spies. In Money Men, Dan explains not only the story of WireCard but also how he and his colleagues went about investigating it.In our discussion, we explore:- How Dan became a Financial Times journalist;- The types of story he likes to investigate and why WireCard fascinated him;- The lengths reporters need to go to, in order to get to the story;- How short sellers helped provide valuable insights;- The astonishing response of the German authorities to the Wirecard story;- Some incredible stories that unfolded as Dan investigated;- The personal toll such a story takes on a reporter;- The role of cognitive biases in reporting and our perception of the world.To find out more about Money Men, which is out now, visit https://www.penguin.co.uk/books/144/1444756/money-men/9781787635043.htmlThe German version is called The House of Wirecard: https://www.ullstein-buchverlage.de/nc/buch/details/house-of-wirecard-9783430210645.htmlTo learn more about Dan’s investigation you can read this FT profile:https://www.ft.com/content/745e34a1-0ca7-432c-b062-950c20e41f03Dan also spoke at ECEC — Europe’s largest Ethics & Compliance Conference in 2020 – you can watch a recording of that here: https://www.eqs.com/compliance-knowledge/events/ecec-mccrum/ .ECEC is returning soon, so do join me at ECEC 2022 in October. You can get your free virtual ticket here:https://www.ecec-community.com/
Released:
Jun 17, 2022
Format:
Podcast episode

Titles in the series (100)

People are often described as the largest asset in most organisations. They are also the biggest single cause of risk. This podcast explores the topic of 'human risk', or "the risk of people doing things they shouldn't or not doing things they should", and examines how behavioural science can help us mitigate it. It also looks at 'human reward', or "how to get the most out of people". When we manage human risk, we often stifle human reward. Equally, when we unleash human reward, we often inadvertently increase human risk.