The words “risk” and “management” sit uncomfortably alongside each other. Many people believe that it is possible to distinguish “real”, “actual” or “objective” risk from “perceived” risk. But all risk is perceived. It is a word that refers to the future, a future that exists only in our imaginations.
Those who call themselves risk managers purport to be able to manage the future. They are oblivious to Woody Allen’s hubris puncturing question “How do you make God laugh?” Answer “Tell him your plans.” Read full essay (PDF).

Can anyone tell me where this event happened, and with what consequences?

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