Cybersecurity
SocGen Chief Oudea Needs to Make Investors ‘Forget Kerviel’
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Societe Generale SA Chief Executive Officer Frederic Oudea, who took over two years ago after a record trading loss shook the bank, has reported earnings that disappointed investors in two of the past four quarters.
When he lays outs out his strategy tomorrow in Paris, he must persuade investors there are no more shocks in store, even as concerns over sovereign debt rock markets and Jerome Kerviel, the 33-year-old former employee Societe Generale blames for the trading loss, stands trial.