Warren Buffett and Wells Fargo Stock: Traveling Became Safer Because The Titanic Sank

After American Express shareholders got burned by the salad oil scandal in 1963, in which inventories of salad oil dressing were literally watered down and falsified as a secured asset, the company itself overhauled its internal processes to avoid future fraudulent activity, seemingly taking to hear the notion “Fool me once, shame on you. Fool me twice, shame on me.”

In more recent memory, Chipotle the business had to deal with the fallout after E Coli and all his little minion friends started showing up in the burritos, prompting hundreds of millions of dollars into food quality assurance in response.

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