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Accidentally Deleting $38 Billion Fund Records

derrick.jpgYou know that feeling you get when you realized you just wiped your Quicken file containing your last year of bank records? And then realize that you never took advantage of the backup option? So imagine how the IT person felt when he found out that not only had he deleted the records of Alaska’s $38 billion oil fund account, but had also reformatted the drive. The backup would have saved them, but the tape was found to be unreadable. Talk about a bad day at work.

All was not lost, however. The data was available on the original applications, it just cost them months and a quarter million or so dollars to get all the information back in. You have to think the technician expected to be fired, but there were no recriminations, other than what I assume is a lost shot at a promotion in the near future. The lessons learned of this should be pretty easy to come up with. I will just use this in the future when I make a mistake. It will pale in comparison to this. I hope.



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