Posted on 06/07/2016 2:26:22 PM PDT by DUMBGRUNT
The court also ordered the bank to pay they money for damages stemming from the trader's "unfair dismissal."
Jérôme Kerviel was convicted in 2010 on multiple criminal counts stemming from various unauthorized trades in 2008 that cost Société Générale SA billions, nearly pushing the firm into extinction. The exact dollar amount the bank lost is unknown, but news media have reported the figure anywhere between $5.6 billion (€4.9B) and $7.2 billion.
(Excerpt) Read more at upi.com ...
Everyone is treated equally — some a lot more equally than the rest.
What is the maximum amount you can lose, before your company has cause to fire you? Would $10 billion be enough?
everyone wins an award just for participating...
The company has to be totally bankrupted, nothing left. Not exactly fired, but unemployed.
Still think the EU does not consist of third world countries with a third world government?
The court’s ruling is not unreasonable. The bank apparently knew what he was doing and looked the other way. Having done that, they can’t claim he violated their policies.
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