Defense News quotes M.A. and George Lund Fellow for Emerging Defense Challenges Steven Grundman on the Pentagon’s Defense Business Board recommending the Defense Department cut $125 billion in spending over the next five years:
“Commercial businesses tolerate risk because the worst that can happen to their business is that they lose some money” said Steven Grundman, Lund Fellow for Emerging Defense Challenges at the Atlantic Council.
“The military organizes and costs for risk because there are far more consequential interests that they are guarding than money, and mitigating risk is expensive and one reason the analog between business and the military is imperfect at best.”