Nightmare fuel -- which would you rather face?

There are two scenarios below, you must select which scenario you would rather face and which you would rather avoid. Your ultimate outcome is likely to be the same for both (hint, you're getting fired), but it's not about destination but the path you'll need to endure to get there.

Scenario 1: You are an investment banking associate at a BB who is involved in creating pitch deck for advising on what could be one of the largest megamergers of the year if it goes through. This has been a courting process for a year, and the company has been building trust with senior bankers that this could be the transformative deal the Founder, CEO, President, & Chairman has been wanting to do so his picture hangs on as many walls of the company as possible for eternity. The deck for this pitch has been turned 1000 times and in the last version, your MD caught a bad mistake on some of the early slides in the deck and in the list of comps. Instead of including the name of the company that you're pitching to, the deck accidentally included the name of their competitors. Your MD was quite upset you would miss a detail like this on such an important project, but fortunately, at least it was caught. You correct the slides, quadruple check them, and send them to publish for the meeting that afternoon.

Unfortunately, you had the old version open on your computer and sent that version to publish rather than the corrected one. This is realized during the meeting with the company, when management is flipping through the deck and you can see the CEO's face scrunch on the first slide that mentions their competitor as the "disruptive new company that is poised to dominate the competition for years to come". Your vertical's SMD notices too, attempting at a poor and clearly forced joke, which falls flat on the CEO. A few more slides later, where the mistake once again appears, the CEO mentions that he thinks he's heard enough of this presentation and can review the rest on their own.

You slink back to your desk, and your VP mentions that the SMD/MD want to see you in their office...

Scenario #2: You are an analyst at a hedge fund who reports directly to the founder PM. You are the lead analyst for a high conviction, deep value investment that has grown to become 10% of the fund's AUM. Your investment consists of 100% common stock of this company. They are a highly distressed name that have had negative EBITDA due to COVID impacts but you are certain their EBITDA will turn a corner pretty soon and the name will be a multi-bagger. 

You are at your desk preparing to begin your morning when Bloomberg alerts you a press release from the company announcing they are filing for chapter 13 bankruptcy. Apparently there was a minimum cash balance covenant on one of the larger loans that you missed in your diligence, and the company just tripped it. You know immediately that it is a certainty all common shareholders will be wiped out. About 10 seconds later, your PM asks you to come see him in his office...

Obviously these are completely made up fictional scenarios, but which scenario would you rather face? If you think these suck, feel free to derail this into your own scenarios below.