A mistake reaching a managing director is a serious problem, since multiple safety nets must have failed for it to get there.

“Like if you're a, you know, VP, the stakes are higher than when you're a junior analyst because there's a presumption of work having been checked up to that point. So if an MD, MD sees a mistake, that's a huge problem. A lot of the safety nets have been, you know, fa- have failed for that mistake to make it up to an MD, right?”