Suppose that after joining the treasury department of a large corporation, you find out that it avoids hedging because the cost of hedging comes out of the treasury department’s budget. What argument...

Suppose that after joining the treasury department of a large corporation, you find out that it avoids hedging because the cost of hedging comes out of the treasury department’s budget. What argument could you make to the CFO to get the firm interested in letting you be the firm’s hedging guru?