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Damn Excel! How the 'most important software application of all time' is ruining the world

In a CNNMoney article, they state "The popular Microsoft program has been implicated in the financial crisis, Europe's growth problems, the U.S.'s weak economic recovery, and pretty much everything else." http://finance.fortune.cnn.com/2013/04/17/rogoff-reinhart-excel-errors/ If you read closely, the blame isn't per se, Microsoft or Excel, but human fail (ings/ure). Nethertheless, interesting to say the least... This is tongue and cheek..

Answers

Gerard van Stijn
Title: Head of Finance
Company: Simon Lévelt B.V.
(Head of Finance, Simon Lévelt B.V.) |

Interesting article but it seems like the title of the article was purely to generate more interest in the article.

What the article fails to point out is that software programs can also contain errors and even tested software for financials, like Hyperion, is only as good as the person putting in the data and creating the model.

All in all, I think the title makes the article worthless. It should have said that human error caused many problems and that "garbage in, garbage out" still applies.

Topic Expert
Christie Jahn
Title: CFO
Company: Prime Investments & Development
(CFO, Prime Investments & Development) |

Are we just putting people in positions requiring advanced level excel knowledge who may really only have basic knowledge and expecting them to produce excellent work? Are we searching for a detail oriented employee when searching for a data entry person? People are responsible for the financial crisis, Europe's growth problems, the U.S.'s weak economic recovery. Maybe CNN Money should start pointing fingers at the leadership weaknesses; that is really the heart of the problem.

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