Jerome Kerviel: The Rogue Trader

SPIEGEL: Monsieur Kerviel, in early October, a Paris court sentenced you to five years in prison, with two suspended, and ordered you to pay €4.9 billion ($6.7 billion) in restitution to Societe Generale, the French bank and trading house where you worked from 2000 to 2008. How did you react to the sentence?

Jerome Kerviel: I see it as a major injustice. It felt like someone had repeatedly whacked me over the head with a bludgeon — at first with the five years of imprisonment, and then with the multi-billion euro fine. And the bank has been cleared of all complicity

http://www.spiegel.de/international/business/rogue-trader-jerome-kerviel-i-was-merely-a-small-cog-in-the-machine-a-729155.html

 

Perhaps this could have been avoided if Veris Benchmarks Professional assessment was used.  Veris’s proprietary technology might have provided a clue as to his future behavior in stressful situations to his employer Societe Generale.

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