Thursday, February 07, 2008

Deutsche Bank joke

Friends of rogue trader Jerome Kerviel last night blamed his $7 billion losses
on unbearable levels of stress brought on by a punishing 30 hour week.
Kerviel was known to start work as early as nine in the morning and still be at
his desk at five or even five-thirty, often with just an hour and a half for
One colleague said: "He was, how you say, une workaholique. I have a family and
a mistress so I would leave the office at around 2pm at the latest, if I wasn't
on strike.
"But Jerome was tied to that desk. One day I came back to the office at 3pm
because I had forgotten my stupid little hat and there he was, fast asleep on
the photocopier.
"I remembered he had been working for almost six hours."
As the losses mounted, Kerviel tried to conceal his bad trades by covering them
with an intense red wine sauce, later switching to delicate pastry horns.
At one point he managed to dispose of dozens of transactions by hiding them
inside vol-au-vent cases and staging a fake reception.
Last night a spokesman for Sócíété Générálé denied that Kerviel was over
worked, insisting he lost the money after betting that the French were about to stop
being rude, lazy and arrogant.


Blogger Ellee Seymour said...

It's always easy to blame others for your stupid actions. Imagine if everyone under stress resorted to similar measures.

9:46 am  
Blogger kinglear said...

I had no idea they worked beyond 12 noon anyway.....The chap leaving at 2pm is clearly a miscreant as well.

9:57 pm  
Blogger Welshcakes Limoncello said...

I love the bit about the mistress!! Nice post, WW.

6:44 pm  

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