Friday, February 22, 2008

What Happens When The Guys in the Back Office "Don't Get No Respect"

Société Générale found out in a big way as we see in one paragraph of this story on the investigation into Jérôme Kerviel's private game of Monopoly using SG's money:

The report said, for example, that officials in the back office often didn't inform their supervisors when they noticed irregularities in Mr. Kerviel's transactions, even when the trades involved abnormally high amounts, "because this was not specifically part of their job description."

"Not in my job description": the war cry of the seriously disgruntled.

Some day I shall try to discover why I find this whole case so fascinating. Perhaps it is because Mr Kerviel didn't try to make any money for himself from his financial legerdemain.