Word: kerviel
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...Even before the economic crisis, the French had made something of an antihero of Jérôme Kerviel, a young, rogue trader who lost $7.2 billion of the Société Générale bank's money in early 2008. He too had his moment in the Internet spotlight - there are still about 200 Kerviel fan groups on Facebook and websites selling T-shirts with phrases like "I am Jerome's girlfriend." These may see a surge in popularity now that Kerviel's fraud trial is set to resume next year in Paris after...
...French companies on France's CAC 40 exchange posted cumulative profits last year of $133 billion, attesting to the efficient, globalized nature of the nation's businesses. When it emerged last January that accused rogue trader Jérôme Kerviel had allegedly cost his employer, Société Générale, $6.86 billion for uncovered transactions, more than just a financial scandal was revealed. The case was also concrete proof, should any have been needed, that the French no longer matched their mythic status as a profit-eschewing, socially minded alternative...
...didn't say anything about our trades, did you? Otherwise you're dead meat.' Jerome Kerviel, rogue Société Générale trader, talking with a broker in an Oct. 11 online chat about risky trades that are believed to have cost the bank $7.2 billion...
...didn't say anything about our trades, did you? Otherwise you're dead meat.' JEROME KERVIEL, rogue Société Générale trader, talking with a broker in an Oct. 11 online chat about risky trades that are believed to have cost the bank $7.2 billion...
...more crucial to remember that Kerviel is just like Law: Uncontrolled plans may prove profitable in the short run, but can and eventually do descend into chaos. It is those that get “carried away†who make for “le capitalisme sauvage...