Everything that is wrong with the French economy

Generali

http://www.france24.com/en/20160607-france-societe-generale-ordered-pay-rogue-trader-kerviel-450000-euros-wrongful-termination

You may remember Jerome Kerviel, he was the rogue trader that cost Soci!t! G!n!rale almost EUR5,000,000,000 in losses as they unwound unauthorised derivative positions he had taken. It turns out that Soc Gen, as they are known in the Anglosphere, unfairly dismissed him and must pay EUR450,000 in compensation!

You couldn't make it up as Richard Littlejohn will doubtless write in his squalid little column.

The last word on M. Kerviel should go to the Daily Mash:

http://www.thedailymash.co.uk/news/business/french-trader-was-forced-to-work-30-hours-a-week-20080125680

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 lunch. 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. “At first I assumed he had been having sex with it, but then I remembered he’d 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. His colleague added: “He is a traitor and should be shot at dawn if anyone in France could actually be bothered to start work that early.”

mwpt

One of my all time favourite mash articles.

ERICS_MUM

One glaring omission - no mention of going on strike.

Generali

mwpt wrote: »

One of my all time favourite mash articles.

I think it's my favourite.

mwpt

I also like the "24 hour drinking would have worked.." one.