I see analogy between this situation, and the attitude about plane hijacking before 9/11. The attitude before was "the plane is worth too much money, just take the ride to Cuba". Since 9/11, hijackings have become vanishingly rare (zero?). Not because of the TSA, but because passengers and crew won't sit back and let it happen.
The corporate policy here is a classic example of short-view economics. It seems cheaper for each incident, but encourages hold-up robbery in the long run. And when there is a disaster, the blame and cost doesn't go back to the person that implemented the short-sighted policy.
The corporate policy here is a classic example of short-view economics. It seems cheaper for each incident, but encourages hold-up robbery in the long run. And when there is a disaster, the blame and cost doesn't go back to the person that implemented the short-sighted policy.