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the FDX groups collapse appears to stem from absolute concentration of control in the hands of a small group of grossly inexperienced and unsophisticated individuals who failed to implement virtually any of the systems or controlled that are necessary for a company entrusted with other peoples money or assets this one is unusual and its unusual in the sense that literally you know theres no record-keeping whatsoever employees would communicate you know invoicing and expenses on on slack they use QuickBooks multi-billion dollar company using QuickBooks QuickBooks QuickBooks nothing against QuickBooks very nice tool just not for a multi-billion dollar company theres no independent board we had one person really controlling this its one of the worst from a documentation standpoint even in the most failed companies you have a fair road map of what happens were dealing with literally a paperless bankruptcy in terms of how they created this company it makes it very difficult to trace
