Latest update: 27/01/2009 

- France - Jérôme Kerviel - justice - Société Générale


French 'rogue trader' probe ends paving way for trial
Comments (1)

Scapegoat

by Anonyme (not verified) - 28/01/2009 - 19:07

Kerviel is just the scapegoat. Risk management was obviously substandard and incompetent. But of course its the guy at the bottom who will be asked to take all the blame. Shame on Societe Generale! Top management should have resigned. But we live in a world were the people at the top refuse to take responsibility when things go wrong (they only take the credit + the money, when things go well)....talk about asymetries......

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