It seems like survivable crashes are rare, let alone survivable crashes over water.Rare, yes, but not unheard of.
Thursday, 2.48 p.m. At a café. Bryan is at a table with Hal Parkinson and Shauna McEwan. Shauna is head actuary of a major insurance company.
BRYAN: Okay, homework for today: how do we get some more money? We need extra money for a Lacrosse Centre. We can’t ask the Minister. How would you do it at the bank?
HAL: Well, how many budgets have you got? How many project budgets have you got?
BRYAN: About forty.
HAL: And you’ve got a Development Budget, a Project Budget, and a Management Budget for each one?
BRYAN: Yes.
HAL: So, 120 budgets. How much do you need for this lacrosse thing?
BRYAN: About half a million.
HAL: Okay. Well, you add three or four grand onto each project as an over-run and that will give you four hundred grand. Then underpay all your suppliers on all projects by as much as you need to make up the other hundred K.
BRYAN: Well, hang on a minute, you can’t add money onto these budgets. (John walks in at this point and takes a seat) Oh, hi John.
JOHN: Sorry I’m late.
HAL: You don’t add it all on in the one go. You’re only adding little amounts. No-one will even notice.
JOHN: (To Bryan) This is how you’re getting the money?
BRYAN: Yes.
HAL: I’m just saying, you go through all your budgets, you add a few cents onto each and every item. It’s all electronic. So no-one will even notice.
SHAUNA: Typical banker.
HAL: Well, what would you do?
SHAUNA: Insurance is much more subtle than that.
BRYAN: What would you do?
SHAUNA: You’d sell services that you are not going to provide. Are you selling corporate packages?
BRYAN: Yes.
SHAUNA: Ticketing packages? Do they get a box up in a stand with drinks and food and so on?
JOHN: Yes.
SHAUNA: Make them pay extra for drinks and food. And make them pay extra for a guest.
JOHN: But it’s for guests.
SHAUNA: You’ll make a few bob then.
BRYAN: What? Charge them for the boxes?
SHAUNA: Yes.
BRYAN & JOHN: They’ve already paid for the boxes.
SHAUNA: They think they’ve paid for it.
JOHN: What have they done?
SHAUNA: They’ve purchased the right to pay for it. They’ve prevented anyone else paying for it. We’ll stick it on the back of the ticket in a microscopic font. No-one will notice.
HAL: You take a little bit from here, a little bit from there. You look after the pennies, the pounds take care of themselves.
SHAUNA: No. You need to get money from a service you subsequently aren’t going to provide.
BRYAN: But why would people want to buy a service that’s not going to be provided?
SHAUNA: You tell them you are going to provide it.
JOHN: But how can you not provide a service that you have undertaken to provide?
SHAUNA: You provide part of it. If they want the rest they’ve got to pay extra.
John looks at Bryan
JOHN: It’s no wonder they’ve got more money than we have, is it?
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Also, has a life vest on an airplane ever saved anyone? Honest question. It seems like survivable crashes are rare, let alone survivable crashes over water.
posted by mr_roboto at 2:37 PM on August 28, 2008