In 1969 I joined Safmarine in the Loss Control dept (insuring ship's cargo with Lloyds of London)
There were just 2 of us and a typist in this dept. the boss made a big song and dance "estimating" the value of all sorts of cargo to arrive at a sum insured. It could take him 3 or 4 days
14 months into the job the boss suffered an cerebral aneurysm from which he did not recover. The CEO got into a panic as there were 2 ships leaving that week with "secret cargo" which I was not supposed to know about (it was weapons and self-propelled guns going to Iran). He thought I would be unable to manage. I knew all about this cargo, as the labels on the crates sitting in the harbour were in Farsi. All the stevedores knew, it was an open secret
There was a lengthy board meeting at which it was suggested the Loss Control dept be outsourced and I could be made redundant, the argument being "what can a 22-year old possibly know?". After 45 mins I was called in and given permission to speak.
I told the directors that the system that the manager used was inefficient and most often arrived at an incorrect figure. I proposed that every shipper or clearing agent ascertain the FOB value of their cargo and declare it. The CEO wanted to know why this had not always been done like this, so I explained my method would shave 90% off the time it took to value the cargo and the late Hans refused to change his method as he had a cushy job (Hans' wife was related to the CEO's wife).
I was made HOD, got a company car and my salary tripled. I stayed there 9 years. Very well paid but very boring. About 3 hours work a week. I ran the movie club and established a record library (LP records) which staff could borrow free of charge. We had a unlimited account with Hans Kramer Records in Long Street