Kerviel drew a five-year sentence (two years suspended.) Plus, he’s supposed to repay 4.9 billion euros…

„By his deliberate actions, he put in peril the existence of the bank that employed 140,000 people, of which he was a part and whose future was threatened,“ said the judge.

Well, we’re sure he didn’t do it intentionally. We mean, he didn’t intend to bring down the bank.

Besides, a lot of other people made authorized trades that were much bigger…which also put their banks in jeopardy. In fact, some of the CEOs of the world’s largest banks also put their institutions in harm’s way. And then, when the banks ran into the ditch, these guys didn’t get five years and a $7 billion fine. Instead, they got a $50 million bonus!

Quelle: Central Bankers: The REAL Rogue Traders

Dieser Eintrag wurde am Samstag, 9. Oktober 2010 um 17:55 aufgeschaltet und ist unter den Labels Allgemein abgelegt. Du kannst das Blog auch über RSS 2.0 abonnieren. You can skip to the end and leave a response. Pinging is currently not allowed.