SocGen Knew : Promised 300 000 Euros Bonus to “Rogue” Trader

According to “Le Monde” Jerome Kerviel was promised a 300 000 euros bonus for his 1.5 billions euros record profit in 2007. He asked for double that. The rest is history.
Note : story is in french. no time to translate.
FT Alphaville on this and other matters in english:
As Kerviel faces charges, claims of a promised €300,000 bonus surface
Kerviel Says Others Broke Bank Rules -Prosecutor
Eurex alerted Societe Generale in November 2007 about the positions taken by Jerome Kerviel.

Posted by jck at 5:39 am EST on January 28th, 2008 |

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