Chapter 20 - Graham was cleared internally

Cross Meridian’s independent investigation found no evidence its board, executives, or Graham knew about the staged breaches.
Could they have supervised Ethan better?
Yes.
He had too much informal influence because he was the founder’s son.
The report said so.
Cross Meridian responded by:
Removing family exemptions from internal information controls.
Requiring conflict review for relatives.
Separating investment personnel from client-advisory access.
Ending Ethan’s employment permanently.
Graham later told me:
“I gave him authority because I assumed he understood limits.”
I answered:
May you like
“I left Lily in your house because I assumed the same.”
Neither of us liked that sentence.