Beware! Barclay's may end up with Lehman contracts that it did not intend to purchase as a result of an Excel to PDF formatting error:
[via SOX First]
In a fascinating case, reported by The Register,
Barclays intended buying the good bits of what was left of Lehman but a
badly put together Excel spreadsheet, the work of a junior law
associate, saw Barclays pick up some trading contracts it would never
have wanted. The case is still before the courts.
I won't comment on attorneys and Excel (in my experience a frightening combination) or the erratic interface between Microsoft Office and Adobe's PDF format, but this could have been easily avoided if the individuals involved had some basic spreadsheet training.
Refer to these previous posts to brush up on your Excel skills:
- Cool Excel Tricks
- Spreadsheet "Worst Practices"
- Brush up on your Excel skills by watching YouTube (no joke!)
- Spreadsheet Compliance Audit Tools