Adding to what you said Tim - it's also sometimes the case that lack of risk management isn't a bug caused by some other external factor, but a feature for the rich to get richer as quickly as possible before the whole thing comes crashing down while they bail out with golden parachutes and often move on like locusts to the next company to rinse and repeat.
Enron was giving bonuses to executives moments before the whole thing went to hell:
http://www.cnn.com/2002/LAW/02/09/enron.bonuses/index.html#:~:text=The%20list%20of%20so%2Dcalled,to%20give%20them%20severance%20packages.
Enron is one of the rare cases where the perpetrators were punished, somewhat.
Remember Wells Fargo? Coincidentally it's just coming back in the news again.
https://apnews.com/article/wells-fargo-sales-scandal-carrie-tolstedt-guilty-013f744a811b741560b466a7b8e203dc
I never understood what Enron was supposed to be doing.
In the court proceedings, apparently they weren't doing anything except accepting funds.
This is far from novel: look at the history of Dr. Frederick A Cook, the arctic explorer.
He may have been the best expedition physician of his day, serving on an early voyage of Peary and on the ill-fated voyage of the Belgian antarctic expedition, where he probably saved the crew, including Roald Amundsen.
(Of course, Amundsen is remembered as the first man to achieve the South Pole, beating Scott in a two-expedition race by a month.
Amundsen took unfair advantage, being competent and already knowing how to ski before arriving on Antarctica.
Amundsen remained a friend, even after Cook's imprisonment mentioned below.
However, most of Cook's later exploits, including an announced visit to the North Pole, are no longer believed, along with the alleged visit by Peary.
The only well-documented sled trips to the North Pole are much later, in 1986 [one-way] and 1995 [two-way]. These were after the first genuine surface trip, on snowmobiles, in 1968.)
Cook was convicted in 1923 with a long prison term for deceptive practices in the Texas oil patch, with the Texas Eagle corporation of Fort Worth, including paying dividends from stock sales instead of profits.
Some believe the prosecution was politically biased against him, since there were lots of operations doing much the same thing at the time.
Reference: R M Bryce,
Cook & Peary: the polar controversy, resolved, Stackpole, 1997