*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*
My daughter, who has a part time job in a retail store that is known for
selling trendy clothing stubbed her toe on a rack of clothes. She really
did a number on her toe, as it ripped her toenail and knocked her out of
running in a 5k race for charity this past weekend.
Probably, in North America this past week a similar event happened at least
1000 times in retail stores that have clothing racks. If it was occurring
with the same frequency in banks, it is quite possible that a banking
regulator would pick up on this as a significant risk and require all
wing-tip shoes to have steel toes. I just wonder why no one in retail has
thought of this yet and issued a rule that all store staff wear work boots to
protect against toe-stubbing. Is it because they do not have risk managers?
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