IMHO:(To which I am currently entitled):
The reason the Titanic sank so fast, and so many people perished was because of accountants. The original plans called for the water tight doors coming all the way to the ceiling, but the bean counters decided the water would never get that high so they only approved for the walls to go 8 feet high. Of course anyone with common sense know that was purely ignorance on the accountants' part. Same thing with life boats. There were not enough life boats because they were too expensive, so a minimum number were on board.
The captain could have escaped with his life, but he felt guilty because he let the accountants override sound engineering principles .He went down with the ship because of this.
Accountants have there useful purposes, but they should not make decisions based on purely cost basis overriding all engineering designs.
The ship may have sunk regardless, but there would have been more time to evacuate.
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