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| Jerome Kerviel, the Societe General Whipping boy https://mail.paphospeople.com/ppforum/viewtopic.php?f=21&t=653 |
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| Author: | tanny [ Mon Jan 28, 2008 8:23 pm ] |
| Post subject: | Jerome Kerviel, the Societe General Whipping boy |
Jerome Kerviel - securities trader of Sócíété Générálé ( France) PLEASE NOTE!! This commentary on the French securities trader who lost 7 billion dollars, is alleged to come from the Royal Bank of Soctland, and any comments or opinions about French working habits are said to be those of the Royal Bank of Scotland and not those of the forwarder of this email, namely ME! Merci Beaucoup! FRENCH TRADER WAS FORCED TO WORK 30 HOURS A WEEK Friends of rogue trader Jerome Kerviel last night blamed his $7 billion losses on unbearable levels of stress brought on by a punishing 30 hour week. Kerviel hid his November losses in a batch of wonderfully fresh croissant Kerviel was known to start work as early as nine in the morning and still be at his desk at five or even five-thirty, often with just an hour and a half for lunch. One colleague said: "He was, how you say, une workaholique. I have a family and a mistress so I would leave the office at around 2pm at the latest, if I wasn't on strike. "But Jerome was tied to that desk. One day I came back to the office at 3pm because I had forgotten my stupid little hat, and there he was, fast asleep on the photocopier. "At first I assumed he had been having sex with it, but then I remembered he'd been working for almost six hours." As the losses mounted, Kerviel tried to conceal his bad trades by covering them with an intense red wine sauce, later switching to delicate pastry horns. At one point he managed to dispose of dozens of transactions by hiding them inside vol-au-vent cases and staging a fake reception. Last night a spokesman for Sócíété Générálé denied that Kerviel was overworked, insisting he lost the money after betting that the French were about to stop being rude, lazy, arrogant nasty man. |
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