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PS: An interesting exception at executive level might be Alisdair Cameron. I know he had some personal axes to grind (turned down for one of the top jobs) but didn't you get the impression that another day or so with him might have produced a smoking gun? Perish the thought, but he often seemed to have acted in the right way and for the right reasons. Goodness!

And why was he stopped in his evidence when he started to suggest he knew where the money had gone? ("I can tell you that the suspense account is not the answer to this question")

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A useful summary. And you would have to say that it points to the answer to your question as being Yes, corporate attitude to bad news has to be the key to what happened here.

It's a rare person who in their attitude to their work does not have both eyes also on their own professional interests (reputation, status, job security...not forgetting the pay packet). The fact that successive people in these top jobs approached these scandalous issues in roughly the same way tells you what you need to know about what is being telegraphed from the top.

Among the hundreds of hours of evidence we still have little about what was happening behind the boardroom door. But it all points one way.

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