A Reichsbank president who was totally ignorant of what went in and out of the vaults of his bank.
About this quote
- What does it mean?
- The speaker describes a bank president who claimed ignorance about bank transactions.
- In plain terms
- A bank boss knew nothing about what went in or out.
- What can you take from it?
- Leaders must understand their organization's operations.
Where it applies
Putting it to work
Questions to consider
- Is ignorance a valid defense?
- Should leaders know all details?
Another view
Complete ignorance of bank vaults is implausible for a president.
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