(1). When two people are working on overlapping projects that will basically get you to the same place in the end.
“Now, I don’t want to duplicate effort here, so I think we should let Tom put the presentation for the Honolulu conference together… Ken, why don’t you focus on booking Tom and I flights and hotels for the trip to Hawaii…?”
(1). When management thinks they are smarter than everyone else, including their regulators.
(2). When management thinks they can simply manage their way out of anything.
“Well, Ken…I think there’s a little institutional arrogance coming out of the executive office on this Reg. W thing. If it were me, I probably wouldn’t have opened the meeting by calling the Fed examiners a bunch of pencil-pushing bureaucrats. But, that’s just me.”