#45: The High Stakes of Financial Shortcuts
Driven by fear of bankruptcy, J. Bruce Ismay of the White Star Line compromised over 2,200 lives for profit, reducing lifeboats and exposing them to grave danger, making a dire scenario worse for money.
provided by constative.com
Not solely Ismay’s lifeboat reduction but also crew negligence sealed the passengers’ fate. Molly Brown, a Titanic survivor, revealed that a lifeboat with a 65-person capacity left with only 27, highlighting a grave mismanagement.